Smart Implants Market's Resilient Growth at 16.8% CAGR Forecasted till 2028

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The Global Smart Implants Market is projected to grow at a CAGR of around 8.62% during the forecast period, i.e., 2023-28.

Market Overview: Global Smart Implants Market

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Smart Implants Market Insights 2023-28

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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Top Players in the 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

Segmentation Analysis of Smart Implants Market

Smart Implants Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Product Type:

  • Orthopaedic 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. Moreover, advances in surgical techniques, comprehensive blood management, multimodal pain management, and post-operative care management are some of the major factors contributing to the surging growth of smart implants in treating ortho-related ailments. Since Osteoarthritis of the knee is one of the most common musculoskeletal pathologies across the world & patients who fail the conventional therapies require total knee arthroplasty as the golden standard treatment.

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-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

A Comprehensive Geographical Analysis:

-By Region

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

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. Europe is the early adopter of smart implantable technologies & the region has now turned into a technological hub for companies offering advanced solutions to the healthcare market. Furthermore, the region also offers potential growth opportunities, owing to the increased adoption of technologies such as minimally invasive surgeries & the integration of healthcare solutions with the latest software technologies such as artificial intelligence, cloud computing, and machine learning algorithms, among others.

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