Smart Implants Market – By Product Type (Knee & Hip Arthroplasty, Spine Fusion, Stents, Intraocular Lens, Pacing Devices), Surgery (Open, Minimally Invasive), Application (Orthopedic, Cardiovascular, Ophthalmic, Dental), End-use – Global Forecast, 2024 –
Description
Smart Implants Market – By Product Type (Knee & Hip Arthroplasty, Spine Fusion, Stents, Intraocular Lens, Pacing Devices), Surgery (Open, Minimally Invasive), Application (Orthopedic, Cardiovascular, Ophthalmic, Dental), End-use – Global Forecast, 2024 – 2032
Global Smart Implants Market size will register a 17.9% CAGR from 2024 to 2032 due to the increasing prevalence of chronic diseases, coupled with advancements in miniaturization. As chronic conditions such as diabetes and cardiovascular diseases continue to rise globally, there is a growing need for innovative solutions to monitor and manage these ailments effectively. Additionally, miniaturization enables the development of smaller, less invasive smart implants, expanding their applicability across various medical specialties and driving adoption among patients and healthcare providers.
For instance, in February 2023, a team of researchers from the University of Pennsylvania engineered an innovative dental implant endowed with intelligent features. This cutting-edge implant boasts resistance against bacterial proliferation, promising enhanced oral health for patients.
The smart implants industry is classified based on implant type, application, surgery, end-use, and region.
The specialty clinics segment will undergo a significant uptick between 2024 and 2032. These clinics specialize in specific medical conditions requiring advanced implant technologies, such as orthopedic, neurological, or cardiovascular disorders. Patients seeking targeted treatments often rely on these clinics, driving demand for smart implants. Equipped with expertise in recommending and administering advanced implant solutions, specialty clinics play a crucial role in the market. With a growing focus on specialized healthcare and precision medicine, this segment will witness substantial growth in the smart implants market.
The smart implants market share from the orthopedic application segment will experience marked growth by 2032, driven by the rising incidence of orthopedic conditions, such as arthritis and fractures, leading to a growing demand for advanced implantable devices. Smart implants in orthopedics offer benefits like real-time monitoring of healing progress and enhanced functionality. As patients and healthcare providers seek improved outcomes and mobility, the orthopedic application segment will dominate the market. With ongoing technological advancements and a focus on enhancing patient quality of life, smart implants in orthopedics are on a trajectory of substantial growth.
Asia Pacific smart implants industry will exhibit a remarkable CAGR from 2024 to 2032, owing to factors such as the region's increasing healthcare expenditure, rising geriatric population, and advancements in medical technology. Countries like China, Japan, and India are at the forefront of adopting smart implant technologies across various medical fields. With a strong emphasis on improving healthcare infrastructure and expanding access to innovative medical devices, Asia Pacific will stand as a notable contributor to the thriving smart implants market.
Global Smart Implants Market size will register a 17.9% CAGR from 2024 to 2032 due to the increasing prevalence of chronic diseases, coupled with advancements in miniaturization. As chronic conditions such as diabetes and cardiovascular diseases continue to rise globally, there is a growing need for innovative solutions to monitor and manage these ailments effectively. Additionally, miniaturization enables the development of smaller, less invasive smart implants, expanding their applicability across various medical specialties and driving adoption among patients and healthcare providers.
For instance, in February 2023, a team of researchers from the University of Pennsylvania engineered an innovative dental implant endowed with intelligent features. This cutting-edge implant boasts resistance against bacterial proliferation, promising enhanced oral health for patients.
The smart implants industry is classified based on implant type, application, surgery, end-use, and region.
The specialty clinics segment will undergo a significant uptick between 2024 and 2032. These clinics specialize in specific medical conditions requiring advanced implant technologies, such as orthopedic, neurological, or cardiovascular disorders. Patients seeking targeted treatments often rely on these clinics, driving demand for smart implants. Equipped with expertise in recommending and administering advanced implant solutions, specialty clinics play a crucial role in the market. With a growing focus on specialized healthcare and precision medicine, this segment will witness substantial growth in the smart implants market.
The smart implants market share from the orthopedic application segment will experience marked growth by 2032, driven by the rising incidence of orthopedic conditions, such as arthritis and fractures, leading to a growing demand for advanced implantable devices. Smart implants in orthopedics offer benefits like real-time monitoring of healing progress and enhanced functionality. As patients and healthcare providers seek improved outcomes and mobility, the orthopedic application segment will dominate the market. With ongoing technological advancements and a focus on enhancing patient quality of life, smart implants in orthopedics are on a trajectory of substantial growth.
Asia Pacific smart implants industry will exhibit a remarkable CAGR from 2024 to 2032, owing to factors such as the region's increasing healthcare expenditure, rising geriatric population, and advancements in medical technology. Countries like China, Japan, and India are at the forefront of adopting smart implant technologies across various medical fields. With a strong emphasis on improving healthcare infrastructure and expanding access to innovative medical devices, Asia Pacific will stand as a notable contributor to the thriving smart implants market.
Table of Contents
350 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Data collection
- 1.4 Forecast parameters
- 1.5 Data validation
- 1.6 Data sources
- 1.6.1 Primary
- 1.6.2 Secondary
- 1.6.2.1 Paid sources
- 1.6.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increase in the geriatric population with various chronic disorders
- 3.2.1.2 Rising incidence of accidents and sport injuries
- 3.2.1.3 Technological advancements in the field of smart implants
- 3.2.1.4 Innovation in spine surgery technologies
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Stringent regulatory framework
- 3.2.2.2 High cost of procedure
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.5 Technological landscape
- 3.6 Porter's analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
- 3.7 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategy outlook matrix
- Chapter 5 Market Estimates and Forecast, By Implant Type , 2018 - 2032 ($ Mn)
- 5.1 Key trends
- 5.2 Orthopedic implants
- 5.2.1 Knee arthroplasty
- 5.2.2 Hip arthroplasty
- 5.2.3 Spine fusion
- 5.2.4 Fracture fixation
- 5.2.5 Other orthopedic implants
- 5.3 Cardiovascular implants
- 5.3.1 Pacing devices
- 5.3.2 Stents
- 5.3.3 Structural cardiac implants
- 5.4 Ophthalmic implants
- 5.4.1 Intraocular lens
- 5.4.2 Glaucoma implant
- 5.4.3 Retinal implant
- 5.5 Dental implants
- 5.6 Other implant types
- Chapter 6 Market Estimates and Forecast, By Application, 2018 - 2032 ($ Mn)
- 6.1 Key trends
- 6.2 Orthopedic application
- 6.2.1 Spinal fusion and fixation
- 6.2.2 Vertebral compression fractures (VCF) treatment
- 6.2.3 Motion preservation/ non-fusion
- 6.2.4 Spinal decompression
- 6.3 Cardiovascular application
- 6.3.1 Cardiac rhythm management (CRM)
- 6.3.2 Continous patient monitoring
- 6.4 Ophthalamic application
- 6.4.1 Intraocular pressure monitoring (IOP)
- 6.4.2 Glaucoma management
- 6.4.3 Vision restoration
- 6.5 Denatl application
- 6.5.1 Facial reconstruction and esthetic enhancement
- 6.5.2 Multiple teeth replacement
- 6.6 Other applications
- Chapter 7 Market Estimates and Forecast, By Surgery, 2018 - 2032 ($ Mn)
- 7.1 Key trends
- 7.2 Open surgery
- 7.3 Minimally invasive surgery
- Chapter 8 Market Estimates and Forecast, By End-use, 2018 - 2032 ($ Mn)
- 8.1 Key trends
- 8.2 Hospitals
- 8.3 Ambulatory surgical centers
- 8.4 Speciality clinics
- 8.5 Other end-users
- Chapter 9 Market Estimates and Forecast, By Region, 2018 - 2032 ($ Mn)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa
- Chapter 10 Company Profiles
- 10.1 Boston Scientific Corporation
- 10.2 Canary Medical Inc.
- 10.3 CONMED Corporation
- 10.4 Globus Medical, Inc.
- 10.5 IQ Implants USA LLC
- 10.6 Johnson & Johnson
- 10.7 Medtronic plc
- 10.8 NuVasive Inc.
- 10.9 Orthofix Medical Inc.
- 10.10 Rejoint SRL
- 10.11 Smart Implant Solutions
- 10.12 Stryker Corporation
- 10.13 Zimmer Biomet Holdings, Inc.
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