Global Smart Implants Market
Business

Emerging Trends and Key Drivers Fueling the Smart Implants Market Growth forecast 2028: Backed by a CAGR of 8.62% – MarkNtel Advisors

April 5, 2024
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How big is the Global Smart Implants market?

According to MarkNtel Advisors study, the Global Smart Implants market is projected to grow at a CAGR of around 8.62% during the forecast period, i.e., 2023-28.

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Key Trend in the Market

  • Adoption of Smart Surgical Methodologies in Dentistry

With the rising demand for minimally invasive & technology-based implant solutions, patients are looking for smart methodologies for surgical interventions in dentistry. Therefore, researchers of various developed & emerging economies are tremendously working on smart dental implants & their associated technologies that subsequently impacted the Global Smart Implants market. For instance:

  • In 2021, a dental implant was designed by the University of Pennsylvania that resists bacterial growth & generates electricity due to its piezoelectric properties. The electricity generated by the implant has the ability to protect gum tissues from disease & inflammation.

Furthermore, approximately 3 million people in America have received dental implants as of 2021 & need replacement in 5-10 years because of inflammation or some gum diseases. Further, to address this issue, researchers at Penn Dental Medicine came up with two innovative technologies, such as nano-particle infused material that resists bacterial colonization & an embedded light source to conduct phototherapy.

Moreover, in 2020, a new class of dental implants for the prevention of peri-implant diseases without patient dependency was developed by scientists & researchers in the USA. Therefore, the Global Smart Dental Implants market is predicted to witness significant growth during the forecasted years on account of growing research & development in smart dental implants.

Leading Companies in the Global Smart Implants market:

  • Johnson & Johnson Services, Inc.
  • Medtronic
  • Abbott
  • Boston Scientific Corporation
  • Zimmer Biomet
  • Cochlear Ltd.
  • Biotronik
  • Nevro Corp.
  • Senseonics, Inc.
  • Nevropace
  • Aleva Neurotherapeutics SA
  • Intelligent Implants
  • Freudenberg Group
  • AstraZeneca
  • Integra LifeSciences

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Global Smart Implants Market Segmentation:

By Product Type

  • Orthopedic Implants
  • Hip Reconstruction
  • Knee Reconstruction
  • Shoulder Implants
  • Spinal Implants
  • Trauma Implants
  • Dental Implants
  • Cardiovascular Implants
  • Cochlear Implants
  • Others (Ocular, Nasal etc.)

Here, Orthopaedic Implants accounted for a major revenue share during 2018-2028, owing to the rising number of orthopaedic surgeries across the world, resulting in the growing demand for smart implants in various geographies.

By Material

  • Bone Cement (PMMA or Polymethyl Methacrylate)
  • Surgical Mesh
  • Titanium
  • Zirconium
  • Polyethylene
  • Others (Polyurethane Foam, Silicone, etc.)

By End User

  • Hospitals
  • Specialty Centers
  • Ambulatory Surgery Centers
  • Clinics

Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Based in the regions around the world, Europe held a considerable market share in the Global Smart Implant market during 2018-2028, attributed to the presence of all the major companies in the market.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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