Medical implants are medical devices that are placed inside or on the surface of the body. These implants can be placed permanently or they can be removed once they are no longer needed. For instance, stents or hip implants are intended to be permanent. While chemotherapy ports or screws to repair broken bones can be removed when they no longer needed.
Market Dynamics:
Increase in prevalence of chronic disease, growing geriatric (aging) population, increase in burden of musculoskeletal disorders, rise in adoption or demand for medical implants, and technological advancements are major factors expected to propel growth of the global medical implants market.
For instance, in February 2023, Maxon announced the launch of several new motors at MD&M West, including a series suitable for surgical robots and implants and a line of frameless DT motors with internal rotor technology.
Moreover, in March 2022, SurGenTec, a privately held spine and orthopedic technology company based in Florida, (US) received clearance from the U.S. Food and Drug Administration (FDA) for ION Screw, its proprietary stand-alone spine fixation implant.
Key features of the study:
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