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Medical Implant Market

Global Medical Implant Market Size, Analysis, Report: By Product: Orthopaedic Implants, Cardiovascular Implants, Spinal Implants, Neurostimulators, Ophthalmic Implants, Ophthalmic Implants, Dental Implants, Facial Implants, Breast Implants, Others; By Biomaterial Type; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Medical Implant Market Outlook

The global medical implant market attained a value of around USD 112.52 billion in 2023. The market is further expected to grow at a CAGR of 7.1% in the forecast period of 2024-2032 to attain a value of USD 208.83 billion by 2032.

 

Global Medical Implant Market

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The Spinal Implant Segment Based on Product Holds a Significant Share in the Global Medical Implant Industry

The spinal implant segment based on product accounts for a significant share in the market. This can be attributed to the ability of the product to provide relief to the patients with chronic pain conditions such as neck pain, complex regional pain syndrome, and leg pain, among others. The rising cases of back pain owing to longer driving and sitting hours of working professionals are likely to propel the demand for spinal implants in the forecast period.

 

North America Accounts for a Significant Share of the Medical Implant Industry

The medical implant industry in North America is driven by factors such as rising cases of chronic diseases owing to busy and sedentary lifestyles led by the working professionals and the rising geriatric population in the region. Additionally, the market is anticipated to be aided by the rising healthcare expenditure by the government in countries like the United States and Canada.

 

Medical Implant: Market Segmentation

A medical implant is defined as a device or a tissue intended to replace a missing body part or support a damaged biological structure. It is permanently placed inside or on the surface of the body. These man-made devices help enhance an existing biological structure.

 

Global Medical Implant Market by Segment

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Based on product, the market can be segmented into:

  • Orthopaedic Implants
    • Reconstructive Joint Replacements
    • Orthobiologics
    • Trauma and Craniomaxillofacial
  • Cardiovascular Implants
    • Pacing Devices
      • Cardiac Resynchronization Therapy Devices (CRTs)
      • Implantable Cardioverter Defibrillators (ICDs)
      • Implantable Cardiac Pacemakers (ICPs)
    • Stents
      • Coronary stents
      • Peripheral Stents
      • Stent-Related Implants
    • Structural Cardiac Implants
      • Mechanical Heart Valves
      • Implantable Ventricular-Assist Devices
  • Spinal Implants
    • Spinal Fusion Implants
    • Spinal Bone Stimulators
    • Vertebral Compression Fracture (VCF) Devices
    • Motion Preservation Devices/Non-Fusion Devices
  • Neurostimulators
    • Deep Brain Stimulation (DBS)
    • Sacral Nerve Stimulation (SNS)
    • Vagus Nerve Stimulation (VNS)
    • Spinal Cord Stimulation (SCS)
    • Others 
  • Ophthalmic Implants
    • Intraocular Lens
    • Glaucoma Implants
  • Dental Implants
    • Plate Form Dental Implants
    • Root Form Dental Implants
  • Facial Implants
  • Breast Implants
  • Others

The segmentation of the market based on biomaterial type is as follows:

  • Metallic Biomaterials
  • Ceramic Biomaterials
  • Polymer Biomaterials
  • Natural Biomaterials

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Medical Implant Market by Region

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Rising Cases of Chronic Diseases to Boost the Growth of the Medical Implant Industry

The global medical implant industry  is driven by the rising cases of cardiovascular and orthopaedic diseases such as abnormal heart rhythms, aorta disease, congenital heart disease, osteoarthritis, rheumatoid arthritis, and cubital tunnel syndrome, among others. Additionally, the growing dental problems, owing to the rising consumption of junk food and less  awareness about oral care, are likely to generate a significant demand for dental implants in the forecast period. Furthermore, the improving healthcare infrastructure, coupled with the increasing number of healthcare professionals and favourable reimbursement policies, is anticipated to boost the market growth in the forecast period.

 

Key Industry Players in the Global Medical Implant Market

The report gives a detailed analysis of the following key players in the global medical implant market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Boston Scientific Corporation
  • Globus Medical, Inc.
  • Institut Straumann AG
  • Johnson & Johnson Services, Inc.
  • NuVasive, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Biomaterial Type
  • Region
Breakup by Product
  • Orthopaedic Implants
  • Cardiovascular Implants
  • Spinal Implants
  • Neurostimulators
  • Ophthalmic Implants
  • Dental Implants
  • Facial Implants
  • Breast Implants
  • Others
Breakup by Biomaterial Type
  • Metallic Biomaterials
  • Ceramic Biomaterials
  • Polymer Biomaterials
  • Natural Biomaterials
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Boston Scientific Corporation
  • Globus Medical, Inc.
  • Institut Straumann AG
  • Johnson & Johnson Services, Inc.
  • NuVasive, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Medical Implant Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Medical Implant Historical Market (2018-2023) 
    8.3    Global Medical Implant Market Forecast (2024-2032)
    8.4    Global Medical Implant Market by Product
        8.4.1    Orthopaedic Implants
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Reconstructive Joint Replacements
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2018-2023)
                    8.4.1.4.1.3    Forecast Trend (2024-2032)
                    8.4.1.4.1.4    Breakup by Type
                        8.4.1.4.1.4.1    Knee Replacement Implants
                        8.4.1.4.1.4.2    Hip Replacement Implants
                        8.4.1.4.1.4.3    Extremities
                8.4.1.4.2    Orthobiologics
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2018-2023)
                    8.4.1.4.2.3    Forecast Trend (2024-2032)
                8.4.1.4.3    Trauma and Craniomaxillofacial
                    8.4.1.4.3.1    Market Share
                    8.4.1.4.3.2    Historical Trend (2018-2023)
                    8.4.1.4.3.3    Forecast Trend (2024-2032)
        8.4.2    Cardiovascular Implants
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Pacing Devices
                    8.4.2.4.1.1    Market Share
                    8.4.2.4.1.2    Historical Trend (2018-2023)
                    8.4.2.4.1.3    Forecast Trend (2024-2032)
                    8.4.2.4.1.4    Breakup by Type
                        8.4.2.4.1.4.1    Cardiac Resynchronization Therapy Devices (CRTs)
                        8.4.2.4.1.4.2    Implantable Cardioverter Defibrillators (ICDs)
                        8.4.2.4.1.4.3    Implantable Cardiac Pacemakers (ICPs)
                8.4.2.4.2    Stents
                    8.4.2.4.2.1    Market Share
                    8.4.2.4.2.2    Historical Trend (2018-2023)
                    8.4.2.4.2.3    Forecast Trend (2024-2032)
                    8.4.2.4.2.4    Breakup by Type
                        8.4.2.4.2.4.1    Coronary stents
                        8.4.2.4.2.4.2    Peripheral Stents
                        8.4.2.4.2.4.3    Stent-Related Implants
                8.4.2.4.3    Structural Cardiac Implants
                    8.4.2.4.3.1    Market Share
                    8.4.2.4.3.2    Historical Trend (2018-2023)
                    8.4.2.4.3.3    Forecast Trend (2024-2032)
                    8.4.2.4.3.4    Breakup by Type
                        8.4.2.4.3.4.1    Mechanical Heart Valves
                        8.4.2.4.3.4.2    Implantable Ventricular-Assist Devices
        8.4.3    Spinal Implants
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Spinal Fusion Implants
                    8.4.3.4.1.1    Market Share
                    8.4.3.4.1.2    Historical Trend (2018-2023)
                    8.4.3.4.1.3    Forecast Trend (2024-2032)
                8.4.3.4.2    Spinal Bone Stimulators
                    8.4.3.4.2.1    Market Share
                    8.4.3.4.2.2    Historical Trend (2018-2023)
                    8.4.3.4.2.3    Forecast Trend (2024-2032)
                8.4.3.4.3    Vertebral Compression Fracture (VCF) Devices
                    8.4.3.4.3.1    Market Share
                    8.4.3.4.3.2    Historical Trend (2018-2023)
                    8.4.3.4.3.3    Forecast Trend (2024-2032)
                8.4.3.4.4    Motion Preservation Devices/Non-Fusion Devices
                    8.4.3.4.4.1    Market Share
                    8.4.3.4.4.2    Historical Trend (2018-2023)
                    8.4.3.4.4.3    Forecast Trend (2024-2032)
        8.4.4    Neurostimulators
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
                8.4.4.3.1    Deep Brain Stimulation (DBS)
                    8.4.4.3.1.1    Market Share
                    8.4.4.3.1.2    Historical Trend (2018-2023)
                    8.4.4.3.1.3    Forecast Trend (2024-2032)
                8.4.4.3.2    Sacral Nerve Stimulation (SNS)
                    8.4.4.3.2.1    Market Share
                    8.4.4.3.2.2    Historical Trend (2018-2023)
                    8.4.4.3.2.3    Forecast Trend (2024-2032)
                8.4.4.3.3    Vagus Nerve Stimulation (VNS)
                    8.4.4.3.3.1    Market Share
                    8.4.4.3.3.2    Historical Trend (2018-2023)
                    8.4.4.3.3.3    Forecast Trend (2024-2032)
                8.4.4.3.4    Spinal Cord Stimulation (SCS)
                    8.4.4.3.4.1    Market Share
                    8.4.4.3.4.2    Historical Trend (2018-2023)
                    8.4.4.3.4.3    Forecast Trend (2024-2032)
                8.4.4.3.5    Others 
        8.4.5    Ophthalmic Implants
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2023)
            8.4.5.3    Forecast Trend (2024-2032)
                8.4.5.3.1    Intraocular Lens
                    8.4.5.3.1.1    Market Share
                    8.4.5.3.1.2    Historical Trend (2018-2023)
                    8.4.5.3.1.3    Forecast Trend (2024-2032)
                8.4.5.3.2    Glaucoma Implants
                    8.4.5.3.2.1    Market Share
                    8.4.5.3.2.2    Historical Trend (2018-2023)
                    8.4.5.3.2.3    Forecast Trend (2024-2032)
        8.4.6    Dental Implants
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2023)
            8.4.6.3    Forecast Trend (2024-2032)
                8.4.6.3.1    Plate Form Dental Implants
                    8.4.6.3.1.1    Market Share
                    8.4.6.3.1.2    Historical Trend (2018-2023)
                    8.4.6.3.1.3    Forecast Trend (2024-2032)
                8.4.6.3.2    Root Form Dental Implants
                    8.4.6.3.2.1    Market Share
                    8.4.6.3.2.2    Historical Trend (2018-2023)
                    8.4.6.3.2.3    Forecast Trend (2024-2032)
        8.4.7    Facial Implants
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2023)
            8.4.7.3    Forecast Trend (2024-2032)
        8.4.8    Breast Implants
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2018-2023)
            8.4.8.3    Forecast Trend (2024-2032)
        8.4.9    Others
    8.5    Global Medical Implant Market by Biomaterial Type
        8.5.1    Metallic Biomaterials
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Ceramic Biomaterials
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Polymer Biomaterials
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Natural Biomaterials
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
    8.6    Global Medical Implant Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Boston Scientific Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Globus Medical, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Institut Straumann AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Johnson & Johnson Services, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    NuVasive, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Medical Implant Market: Key Industry Highlights, 2018 and 2032
2.    Global Medical Implant Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Medical Implant Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Medical Implant Historical Market: Breakup by Biomaterial Type (USD Billion), 2018-2023
5.    Global Medical Implant Market Forecast: Breakup by Biomaterial Type (USD Billion), 2024-2032
6.    Global Medical Implant Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Medical Implant Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Medical Implant Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Medical Implant Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Medical Implant Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Medical Implant Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Medical Implant Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Medical Implant Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Medical Implant Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Medical Implant Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Medical Implant Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Medical Implant Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Medical Implant Market Structure

Key Questions Answered in the Report

In 2023, the global medical implant market attained a value of nearly USD 112.52 billion.

The market is estimated to grow at a CAGR of 7.1% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 208.83 billion by 2032.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the industry, such as the rising cases of cardiovascular and orthopaedic disorders, improving healthcare infrastructure, and increasing healthcare spending by the population in emerging economies, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the emergence of 3D printed medical implants.

Orthopaedic implants, cardiovascular implants, spinal implants, neurostimulators, ophthalmic implants, dental implants, facial implants, and breast implants, among others are the significant products considered within the market report.

Metallic biomaterials, ceramic biomaterials, polymer biomaterials, and natural biomaterials are the different types of biomaterials in the market.

The major players in the industry are Boston Scientific Corporation, Globus Medical, Inc., Institut Straumann AG, Johnson & Johnson Services, Inc., and NuVasive, Inc., among others.

Analyst Review

The global medical implant market attained a value of around USD 112.52 billion in 2023, driven by the rising cases of cardiovascular diseases and orthopaedic disorders. Aided by the technological advancements in the medical sector and growing innovations, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.1%. The market is projected to reach USD 208.83 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product, the market is divided into orthopaedic implants, cardiovascular implants, spinal implants, neurostimulators, ophthalmic implants, dental implants, facial implants, and breast implants, among others. The different biomaterial types considered within the market report are metallic biomaterials, ceramic biomaterials, polymer biomaterials, and natural biomaterials. The major regional markets for medical implant are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Boston Scientific Corporation, Globus Medical, Inc., Institut Straumann AG, Johnson & Johnson Services, Inc., and NuVasive, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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