Medical Implants Market Size Share Trends Demand Growth and Competitive Analysis Insights 2022-2029 | DataM Intelligence

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The medical implants market is expected to grow at a CAGR of 8.5% during the forecast period 2022-2029.

Market Overview:

The Medical Implants Market size was valued at US$97,920.4 Million in 2021 and is projected to reach US$183,724.6 Million by 2029, growing at a CAGR of 8.5% during the forecast period (2022-2029).

The clinical enterprise has used metal instruments for centuries, from early scalpels and forceps to modern implants and endoscopes. As clinical science has advanced, implant packages have grown and changed. Manufacturing strategies have also improved, increasing the layout possibilities of scientific implants. Specifically, advances in technology and science have made clinical implants a crucial part of manufacturing contemporary medical tools.

Implants are devices or tissues that can be inserted inside or at the bottom of the frame. A few implants are made of pores and skin, bone, or other bodily tissues, while others are made from metallic, plastic, ceramic, or different substances. The maximum regularly used implants fall into the categories of cardiovascular, neuroprosthetic and orthopedic implants.

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Market dynamics

The global market for scientific implants is growing due to many factors including growth in research and development activities, growing prevalence of chronic diseases, and product advancement by producers.

Increase in the occurrence of persistent diseases and increase in R&D sports are expected to drive the boom of the market.

An increasing variety of chronic diseases are generally utilizing the global clinical implants market in recent years and are expected to remain same during the forecast duration. For example, according to the Journal of Clinical and Diagnostic Research, more than 20,000 pacemakers are implanted every year in India and the numbers are increasing every year.

According to Ohio State University 2020, more than 600,000 knee replacement surgeries are performed in the United States each year, nearly double the surgeries performed in 2011, technological improvements are improving accuracy and reducing treatment time surgery and restoration time.

Increase in clinical generation studies and trends, increase in geriatric population increase the demand for international implants during the forecast period. For example, in January 2021, Medtronic announced that the DiamondTemp ablation device had been accepted by the USFDA for the treatment of patients with recurrent paroxysmal traumatic atrial inflammation. It is the first FDA-cleared irrigated radiofrequency ablation device that manages temperature.

Market segmentation :

By type of implant

By type of material

Per end user

  • Hospitals
  • CSA
  • Dental hospitals
  • Orthopedic centers

Competitive landscape

The medical implants market is very competitive with the presence of a large number of players. Some of the major players in the global medical implant market are: Boston Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc, 3M, Institut Straumann AG, Stryker Corporation, Zimmer Biomet Holdings, Inc, Smith & Nephew, Dentsply Sirona, Tornier NV

The major players are adopting various growth strategies such as product launches, mergers and acquisitions, partnerships, and collaborations that are contributing to the growth of the global medical implants market. For instance,

In February 2022, Medtronic announced the US FDA-approved Freezor and Freezor Xtra Focal Cardiac Cryoablation Catheters. They are the first FDA-approved ablation catheters for the treatment of pediatric atrioventricular nodal reentrant tachycardia.

Trending Topics:

Retinal Implants Market

cosmetic implants market

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