Smart Implants Market

Global Smart Implants Market Business Strategies and Massive Demand by 2023-2028 Market Share | Revenue and Forecast

Global Smart Implants Market Insights:

According to MarkNtel Advisors, the Global Smart Implants Market is projected to grow at a CAGR of around 8.62% during the forecast period, i.e., 2023-28 on account of rapid technological advancements & rising demand to provide pervasive & personalized care to patients. In addition, the incorporation of minimally-invasive methods, along with the smart implant, brought unprecedented growth opportunities against various diseases, real-time health data collection, real-time monitoring of chronic ailments, and patient-tailored treatment.

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Global Smart Implants Market Definition:

Smart Implants are implantable devices that provide both therapeutics as well as diagnostic capabilities. These implants have embedded sensors that provide real-time information to the healthcare professionals for the positioning of the implant during surgical procedures & enable continuous monitoring of post-operative procedures as well. The Global Smart Implants market is expected to have a lucrative growth in the forecast years, owing to the increasing awareness of personalized medicine, optimum care for individual patients, and improved patient outcomes while reducing treatment costs.

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Possible Restraint: Limited Capacity for Data Storage to Negatively Impact the Market Growth

Health data collected through the smart implants need to be buffered inside the device before being transmitted to any other external system. However, considering the size, the small-sized implant could not have the option to store a large amount of data at an instance. Subsequently, small smart implants may be unable to store the sensed information for a long period. In addition, other technical challenges such as communication range, power consumption, transfer data size, and robustness would affect the implementation of smart implants.

Global Smart Implants Market Segmentation:

1. By Product Type

  • Orthopedic Implants
  • Dental Implants
  • Cardiovascular Implants
  • Cochlear Implants
  • Others (Ocular, Nasal etc.)

2. By Material

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

3. By End User

  • Hospitals
  • Specialty Centers
  • Ambulatory Surgery Centers
  • Clinics

Global Smart Implants Market Geographically Analysis:

4. By Region

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

 Global Smart Implants Leading Companies:

  • 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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