Global Medical Implants Market

Global Medical Implants Market Size, Share, Growth Analysis, By Biomaterial(Ceramic, Metallic), By Product(Cardiovascular, Orthopedic) - Industry Forecast 2023-2030


Report ID: SQMIG35H2125 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 69 | Figures: 75

Global Medical Implants Market Insights

Global Medical Implants Market size was valued at USD 84.55 Billion in 2021 and is poised to grow from USD 90.30 Billion in 2022 to USD 152.85 Billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

The global medical implants market encompasses a wide range of devices and tissues that are implanted into the human body to support or replace damaged or missing biological structures. The purpose of the global medical implants market is to address various medical conditions and improve patient outcomes by offering innovative implantable solutions. Medical implants are designed to restore function, alleviate pain, and enhance the quality of life for individuals suffering from a range of ailments, including orthopedic disorders, cardiovascular diseases, dental issues, neurological conditions, and more. A significant driving factor in the medical implants market is the increasing prevalence of chronic diseases and age-related conditions. As the global population ages, the demand for medical implants rises due to the higher occurrence of conditions such as osteoarthritis, cardiovascular disorders, and degenerative disc diseases. Additionally, advancements in technology and surgical techniques contribute to the market growth, enabling the development of more sophisticated and minimally invasive implant procedures.

Several restraining factors impact the global medical implants market. High costs associated with implant procedures and devices, coupled with limited insurance coverage, can create barriers to access for patients. Stringent regulatory requirements and the need for extensive clinical trials for safety and efficacy assessment also pose challenges for manufacturers, leading to increased time and costs in bringing new implants to market. The market also faces challenges related to post-implantation complications, including infections, implant failure, and the need for revision surgeries. These challenges emphasize the importance of continuous innovation and research to improve the performance, durability, and biocompatibility of medical implants. The global medical implants market presents significant opportunities for growth and advancement. Technological innovations such as 3D printing, biocompatible materials, and nanotechnology hold promise for the development of customized implants, enhanced implant surfaces, and improved biocompatibility. The increasing adoption of minimally invasive surgical techniques and the integration of digital healthcare solutions offer opportunities to streamline implant procedures and optimize patient outcomes. The global medical implants market serves a vital purpose by providing implantable solutions to address various medical conditions. It is driven by the increasing prevalence of chronic diseases, advancements in technology, and surgical techniques. However, challenges related to costs, regulations, and post-implantation complications exist. The market presents opportunities for innovation, personalized implants, and improved surgical approaches, offering prospects for improved patient care and outcomes.

Market snapshot - (2023-2030)

Global Market Size

USD 84.55 Billion

Largest Segment

Metallic

Fastest Growth

Metallic

Growth Rate

6.8% CAGR

Global Medical Implants Market ($ Bn)
Country Share for North America Region (%)
Global Medical Implants Market By Biomaterial ($ Bn)
Global Medical Implants Market By Biomaterial (%)

To get more reports on the above market click here to Buy The Report

Global Medical Implants Market Segmental Analysis

The global medical implants market is segmented on the basis of Biomaterial, Product and region. By Biomaterial, the market is segmented into Ceramic, Metallic, Polymers, Natural. By Product, the market is segmented into Cardiovascular, Orthopedic, Neurostimulators, Spinal, Ophthalmic, Facial, Dental, and Breast. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Biomaterial

Metallic implants, such as titanium and stainless steel, dominate the market due to their widespread use and established track record. These implants offer excellent mechanical strength, durability, and compatibility with the human body. The popularity of metallic implants can be attributed to their proven effectiveness in orthopedic and dental applications. For example, titanium implants have become the gold standard for dental implantation, providing long-term stability and successful integration with the surrounding tissues. The strong market presence and extensive clinical experience with metallic implants contribute to their position as the largest segment in the medical implants market.

Ceramic implants represent the fastest-growing segment in the global medical implants market. Ceramic materials, including zirconia and alumina, exhibit remarkable biocompatibility and aesthetic properties, making them increasingly popular in dental and orthopedic applications. Ceramic implants offer advantages such as excellent wear resistance, low friction, and a natural appearance. Additionally, the growing demand for metal-free alternatives and the increasing preference for aesthetic dental restorations have fueled the adoption of ceramic implants. Their ability to provide long-lasting solutions with minimal risk of allergic reactions or corrosion contributes to their rapid growth rate within the medical implants market.

Analysis by Product

Orthopedic implants hold the largest market share due to the high prevalence of orthopedic conditions and the increasing demand for joint replacements. As the global population ages and the incidence of degenerative bone diseases such as osteoarthritis rises, the need for orthopedic implants, including hip and knee replacements, continues to grow. These implants restore mobility, alleviate pain, and improve the quality of life for millions of individuals worldwide. The well-established success and wide acceptance of orthopedic implants contribute to their dominance as the largest segment in the medical implants market.

Cardiovascular implants represent the fastest-growing segment in the global medical implants market. Cardiovascular diseases, including coronary artery disease and heart failure, are leading causes of morbidity and mortality globally. The increasing prevalence of these conditions, coupled with technological advancements in cardiac interventions, drives the demand for cardiovascular implants. Implants such as pacemakers, stents, and heart valves play a crucial role in managing cardiovascular disorders and restoring cardiac function. The development of innovative implantable devices, including transcatheter heart valves and implantable cardiac monitors, further fuels the growth of the cardiovascular implants segment. The growing adoption of minimally invasive procedures and the rising focus on early detection and treatment of cardiovascular diseases contribute to the segment's rapid expansion.

Global Medical Implants Market By Biomaterial, 2021 (%)

To get detailed analysis on other segments, Request For Sample Report

Global Medical Implants Market Regional Insights

North America holds a significant share in the global medical implants market due to several factors. The region has a well-established healthcare infrastructure, advanced medical technologies, and a high level of healthcare expenditure. Additionally, the presence of major market players and strong research and development activities contribute to North America's dominance. The region benefits from a large patient population, rising geriatric population, and a high prevalence of chronic diseases, leading to a consistent demand for medical implants. Furthermore, favorable reimbursement policies and advanced regulatory frameworks facilitate the adoption of innovative medical implants, driving market growth in North America.

Asia Pacific is experiencing the fastest growth in the global medical implants market. The region's rapid growth can be attributed to several factors. First, the Asia Pacific has a large and growing population, resulting in an increased patient pool for medical implant procedures. Additionally, rising healthcare expenditure, improving healthcare infrastructure, and the availability of advanced medical facilities contribute to the market's growth. The region's rising middle class and expanding healthcare access in countries such as China and India further fuel the demand for medical implants. Moreover, increasing awareness about healthcare, the growing prevalence of chronic diseases, and a shift towards advanced treatment options drive the adoption of medical implants in the Asia Pacific region.

Global Medical Implants Market By Geography, (2023-2030)
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Medical Implants Market Dynamics

Drivers

Technological Advancements

  • Rapid advancements in technology have played a key role in driving the growth of the medical implants market. For example, in 2022, the introduction of robotic-assisted surgical systems for joint replacements provided enhanced precision, shorter recovery times, and improved patient outcomes. These technological advancements continue to expand the possibilities for complex implant procedures, attracting both patients and healthcare professionals.

Increasing Prevalence of Chronic Diseases

  • The rising prevalence of chronic diseases, such as cardiovascular disorders, orthopedic conditions, and dental ailments, has been a significant driver of the medical implants market. With an aging global population and lifestyle changes, the demand for medical implants to treat and manage these conditions has increased. In 2022, the high incidence of conditions such as osteoarthritis and dental disorders continued to drive the adoption of joint replacements, dental implants, and other medical implant solutions.

Restraints

Cost Constraints

  • The cost associated with medical implants remains a significant restraint on the market. The high costs of implant materials, surgical procedures, and post-operative care can create barriers to access for patients, particularly in regions with limited healthcare resources or inadequate insurance coverage. The affordability of medical implants remains a challenge, hindering their widespread adoption and limiting market growth.

Regulatory Challenges

  • The medical implants market is subject to stringent regulatory requirements and approval processes. Obtaining regulatory clearances for new implantable devices can be time-consuming and expensive. Stringent regulations and standards are in place to ensure the safety, efficacy, and quality of medical implants, but they can also pose challenges for manufacturers, potentially delaying the introduction of innovative products to the market.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global Medical Implants Market Competitive Landscape

The global medical implants market is highly fragmented, with a mix of multinational corporations, regional players, and emerging companies vying for dominance. Leading companies in the medical implants market invest heavily in research and development to develop innovative products, enhance existing implants, and expand their product portfolios. They focus on strategic collaborations, acquisitions, and partnerships to strengthen their market position and gain access to new technologies and markets. These collaborations allow them to combine their expertise and resources to develop advanced implantable devices. companies have a global presence and offer a wide range of medical implants across multiple therapeutic areas, including orthopedics, cardiovascular, neurology, and dental. They have extensive distribution networks, strong brand recognition, and established relationships with healthcare providers, giving them a competitive advantage.

Top Player’s Company Profiles

  • Johnson & Johnson (US)
  • Medtronic Plc (Ireland)
  • Zimmer Biomet Holdings Inc. (US)
  • Stryker Corporation (US)
  • Boston Scientific Corporation (US)
  • Abbott Laboratories (US)
  • Smith & Nephew plc (UK)
  • Straumann Holding AG (Switzerland)
  • Danaher Corporation (US)
  • Becton, Dickinson and Company (US)
  • 3M Company (US)
  • Edwards Lifesciences Corporation (US)
  • Terumo Corporation (Japan)
  • Integra LifeSciences Holdings Corporation (US)
  • NuVasive, Inc. (US)
  • Olympus Corporation (Japan)
  • ResMed Inc. (US)
  • Baxter International Inc. (US)
  • Essilor Luxottica SA (France)
  • Coloplast A/S (Denmark)

Recent Developments

  • In March 2022, SurGenTec, a privately held spine and orthopedic technology company based in Florida, the United States, received clearance from the United States Food and Drug Administration (FDA) for ION Screw, its proprietary stand-alone spine fixation implant.
  • In February 2022, 4WEB Medical launched a new array of hyperlordotic lateral spine implants, the Hyperlordotic Lateral Spine Truss System (LSTS). The latest addition to the LTST portfolio includes 18, 24, and 30-degree lordotic angles in anterior longitudinal release procedures for spine correction.
  • In February 2022, Boston Scientific Corporation completed its acquisition of Baylis Medical Company Inc., a provider of sophisticated transseptal access solutions as well as sheaths, guidewires,and dilators for catheter-based left-heart surgeries.

Global Medical Implants Key Market Trends

  • Minimally Invasive Procedures: The trend towards minimally invasive surgical procedures has continued to shape the medical implants market in 2022. Minimally invasive techniques, such as laparoscopy and arthroscopy, offer benefits such as smaller incisions, reduced scarring, shorter recovery times, and decreased postoperative complications. The demand for minimally invasive procedures has driven the development of specialized implants and instruments, enabling less invasive and more patient-friendly treatments.
  • Personalized Implants and Customization: There has been an increasing focus on personalized medicine and customized implants in the medical implants market. With advancements in 3D printing and computer-aided design, it is now possible to create patient-specific implants tailored to individual anatomical needs. In 2022, the trend towards personalized implants gained traction, allowing for better fit, improved functionality, and enhanced patient satisfaction. This customization trend offers opportunities for improved clinical outcomes and a higher degree of patient comfort and mobility.

Global Medical Implants Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global medical implants market analysis, the industry is witnessing significant growth, with North America currently dominating the market in terms of revenue share. This dominance is driven by factors such as a well-established healthcare infrastructure, a high prevalence of chronic diseases, increasing geriatric population, and technological advancements in medical implants. Asia Pacific is experiencing the fastest growth rate in the medical implants market, fueled by factors like rising healthcare expenditure, a growing awareness of advanced medical treatments, increasing disposable income, and government initiatives to enhance healthcare facilities and access to medical implants.

The market is characterized by various types of medical implants, including orthopedic implants, dental implants, cardiac implants, breast implants, and others. Among these, orthopedic implants hold the largest share due to a growing number of orthopedic procedures, sports injuries, and age-related orthopedic conditions. Dental implants and cardiac implants are also significant segments, with dental implants showing substantial potential for growth due to the increasing emphasis on dental aesthetics and the aging population's dental needs.

The market is driven by several factors, including the rising prevalence of chronic diseases and lifestyle disorders, increasing life expectancy, technological advancements in implant materials and design, and a growing preference for minimally invasive procedures that reduce patient recovery time. The medical implants market also faces challenges such as high costs associated with implant procedures, regulatory complexities and approvals, potential risks of implant failure or complications, and concerns related to the long-term safety and efficacy of certain implants. Key trends in the medical implants market include a shift towards patient-specific implants and personalized medicine, the development of bioactive coatings to enhance implant integration, the rise of 3D printing technology for customized implants, and the adoption of biodegradable implants that reduce long-term complications. Success in the market will depend on a company's ability to navigate regulatory challenges, offer cost-effective solutions, and provide high-quality implants that improve patient outcomes and quality of life.

Report Metric Details
Market size value in 2021 USD 84.55 Billion
Market size value in 2030 USD 90.30 Billion
Growth Rate 6.8%
Base year 2021
Forecast period (2023-2030)
Forecast Unit (Value) USD Billion
Segments covered
  • Biomaterial
    • Ceramic, Metallic, Polymers, and Natural
  • Product
    • Cardiovascular, Orthopedic, Neurostimulators, Spinal, Ophthalmic, Facial, Dental, and Breast
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Johnson & Johnson (US)
  • Medtronic Plc (Ireland)
  • Zimmer Biomet Holdings Inc. (US)
  • Stryker Corporation (US)
  • Boston Scientific Corporation (US)
  • Abbott Laboratories (US)
  • Smith & Nephew plc (UK)
  • Straumann Holding AG (Switzerland)
  • Danaher Corporation (US)
  • Becton, Dickinson and Company (US)
  • 3M Company (US)
  • Edwards Lifesciences Corporation (US)
  • Terumo Corporation (Japan)
  • Integra LifeSciences Holdings Corporation (US)
  • NuVasive, Inc. (US)
  • Olympus Corporation (Japan)
  • ResMed Inc. (US)
  • Baxter International Inc. (US)
  • Essilor Luxottica SA (France)
  • Coloplast A/S (Denmark)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Medical Implants Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Medical Implants Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Medical Implants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Medical Implants Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Medical Implants Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Medical Implants Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

SPEAK TO AN ANALYST

FAQ's

Global Medical Implants Market size was valued at USD 84.55 Billion in 2021 and is poised to grow from USD 90.30 Billion in 2022 to USD 152.85 Billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

The global medical implants market is highly fragmented, with a mix of multinational corporations, regional players, and emerging companies vying for dominance. Leading companies in the medical implants market invest heavily in research and development to develop innovative products, enhance existing implants, and expand their product portfolios. They focus on strategic collaborations, acquisitions, and partnerships to strengthen their market position and gain access to new technologies and markets. These collaborations allow them to combine their expertise and resources to develop advanced implantable devices. companies have a global presence and offer a wide range of medical implants across multiple therapeutic areas, including orthopedics, cardiovascular, neurology, and dental. They have extensive distribution networks, strong brand recognition, and established relationships with healthcare providers, giving them a competitive advantage. 'Johnson & Johnson (US)', 'Medtronic Plc (Ireland)', 'Zimmer Biomet Holdings Inc. (US)', 'Stryker Corporation (US)', 'Boston Scientific Corporation (US)', 'Abbott Laboratories (US)', 'Smith & Nephew plc (UK)', 'Straumann Holding AG (Switzerland)', 'Danaher Corporation (US)', 'Becton, Dickinson and Company (US)', '3M Company (US)', 'Edwards Lifesciences Corporation (US)', 'Terumo Corporation (Japan)', 'Integra LifeSciences Holdings Corporation (US)', 'NuVasive, Inc. (US)', 'Olympus Corporation (Japan)', 'ResMed Inc. (US)', 'Baxter International Inc. (US)', 'Essilor Luxottica SA (France)', 'Coloplast A/S (Denmark)'

Rapid advancements in technology have played a key role in driving the growth of the medical implants market. For example, in 2022, the introduction of robotic-assisted surgical systems for joint replacements provided enhanced precision, shorter recovery times, and improved patient outcomes. These technological advancements continue to expand the possibilities for complex implant procedures, attracting both patients and healthcare professionals.

Minimally Invasive Procedures: The trend towards minimally invasive surgical procedures has continued to shape the medical implants market in 2022. Minimally invasive techniques, such as laparoscopy and arthroscopy, offer benefits such as smaller incisions, reduced scarring, shorter recovery times, and decreased postoperative complications. The demand for minimally invasive procedures has driven the development of specialized implants and instruments, enabling less invasive and more patient-friendly treatments.

North America holds a significant share in the global medical implants market due to several factors. The region has a well-established healthcare infrastructure, advanced medical technologies, and a high level of healthcare expenditure. Additionally, the presence of major market players and strong research and development activities contribute to North America's dominance. The region benefits from a large patient population, rising geriatric population, and a high prevalence of chronic diseases, leading to a consistent demand for medical implants. Furthermore, favorable reimbursement policies and advanced regulatory frameworks facilitate the adoption of innovative medical implants, driving market growth in North America.

Speak With Our Analyst

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Medical Implants Market

Product ID: SQMIG35H2125

$5,300
BUY NOW GET SAMPLE