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Global Smart Implants Market Share, Size, Analysis, Growth: By Product: Orthopaedic Implants, Dental Implants, Angiography Implants; By Material: Bone Cement, Metal, Others; By Distribution Channel: Hospitals, Ambulatory Surgical Centers, Clinics, Research Laboratories; Regional Analysis; Market Dynamics; Supplier Landscape; 2024-2032
Global Smart Implants Market Outlook
The global smart implants market attained a value of USD 5.30 billion in 2023. The market is estimated to grow at a CAGR of 16.46% during the forecast period of 2024-2032 to reach a value of USD 20.80 billion by 2032. The growth can be attributed to the generation of nanogenerators and metamaterial for multipurpose use in the fabrics of medical implants.
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Smart Implants Insights
Smart implants are devices used for therapeutics or diagnostic purposes which provide real-time biofeedback, real-time health data collecting, real-time monitoring of chronic disorders and patient-tailored treatment with embedded sensors. Smart implants have the potential to reduce complications, recovery time, readmissions, and revision operations.
Smart implants are made to be durable under pressure, contact-electrification occurs between the material's conductive and dielectric microlayers, resulting in an electric charge that conveys information about the material matrix's condition. Furthermore, it naturally inherits the exceptional mechanical tunability of ordinary metamaterials.
While smart implant are widely used in the knee, the prospects for knee arthroplasty remain limitless. These devices will measure pressure, force, strain, displacement, proximity, and temperature, among other things. The smart implant is expected to become a standard element of clinical practice over time.
According to the global smart implant market research report, the market can be categorised into the following segments:
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Market Break Up by Product
- Orthopaedic Implants
- Hip Reconstruction
- Knee Reconstruction
- Shoulder Reconstruction
- Spinal Implants
- Trauma Implants
- Dental Implants
- Angiography Implants
- Vascular Closure Devices
- Angiography Accessories
- Others
Market Break Up by Material
- Bone Cement
- Metal
- Cobalt
- Alloy
- Titanium
- Others
Market Break Up by Distribution Channel
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Research Laboratories
Market Break Up by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Rest of the World
- Brazil
- Mexico
- Others
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Smart Implants Regional Outlook
North America is predicted to dominate the market due to factors such as easy availability of technologically advanced products, increasing consumer awareness, improved healthcare infrastructure, and regional expansion of pharmaceutical and biotechnology firms. In the United States, an increase in the use of smart implants for quick and effective outcomes is one of the important reasons contributing to the growth of the studied market in North America.
Increased Adoption of Technologies to Drive the Market Growth
Emerging technologies such as cloud computing, artificial intelligence, machine learning, blockchain technology, and virtual reality have changed conventional implant strategies and entered for clinical practise. Furthermore, the increasing usage of smart sensor technologies to ease the procedure of post-operative measures is positively boosting the global smart implant market. Implant integrates advancements in nanogenerators and metamaterials into the fabric of medical implants, this technical innovation will play a significant role in the future for the growth of the smart implant market.
Limited Data Storage Capacity to Have a Detrimental Impact on the Market Growth
Before being communicated to any other external system, health data collected via smart implants must be stored within the device. However, due to its small size, the implant may not be able to retain a big amount of data at one time. As a result, small smart implants may be unable to store detected information for an extended amount of time. Other technical hurdles, such as communication range, power consumption, transfer data size, and robustness, can also have an impact on smart implant adoption.
Competitive Landscape
The report gives an in-depth analysis of the key players involved in the global smart implants market, sponsors manufacturing the therapies, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
- Johnson & Johnson Services, Inc.
- Medronic plc
- Abbott Laboratories
- Boston Scientific Corporation
- Nevro Corp.
- Zimmer Biomet
- Cochlear Ltd.
- Biotronik
- Seneonics, Inc.
- Intelligent Implants
- Freudenberg Group
- AstraZeneca
- Integra LifeSciences
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:
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*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
1.1 Key Assumptions
2 Research Methodology
3 Executive Summary
4 Global Smart Implants Market
4.1 Global Smart Implants Market Overview
4.2 Global Smart Implants Market Analysis
4.2.1 Market Overview
4.2.1.1 Global Smart Implants Market Historical Value (2017-2023)
4.2.1.2 Global Smart Implants Market Forecast Value (2024-2032)
4.3 Global Smart Implants Market by Product
4.3.1 Market Overview
4.3.2 Orthopaedic Implants
4.3.2.1 Hip Reconstruction
4.3.2.2 Knee Reconstruction
4.3.2.3 Shoulder Implants
4.3.2.4 Spinal Implants
4.3.2.5 Trauma Implants
4.3.3 Dental Implants
4.3.4 Angiography Implants
4.3.4.1 Vascular Closure Devices
4.3.4.2 Angiography Accessories
4.3.4.3 Others
4.4 Global Smart Implants Market by Material
4.4.1 Market Overview
4.4.1.1 Bone Cement
4.4.1.2 Metal
4.4.1.2.1 Cobalt
4.4.1.2.2 Alloy
4.4.1.2.3 Titanium
4.4.1.3 Others
4.5 Global Smart Implants Market by Distribution Channel
4.5.1 Market Overview
4.5.1.1 Hospitals
4.5.1.2 Ambulatory Surgical Centers
4.5.1.3 Clinics
4.5.1.4 Research Laboratories
4.6 Global Smart Implants Market by Region
4.6.1 Market Overview
4.6.1.1 North America
4.6.1.2 Europe
4.6.1.3 Asia Pacific
4.6.1.4 Rest of the World
4.6.2 North America
4.6.2.1 Historical Trend (2017-2023)
4.6.2.2 Forecast Trend (2024-2032)
4.6.2.3 Break Up by Country
4.6.2.3.1 United States of America
4.6.2.3.2 Canada
4.6.3 Europe
4.6.3.1 Historical Trend (2017-2023)
4.6.3.2 Forecast Trend (2024-2032)
4.6.3.3 Break Up by Country
4.6.3.3.1 United Kingdom
4.6.3.3.2 Germany
4.6.3.3.3 France
4.6.3.3.4 Italy
4.6.4 Asia Pacific
4.6.4.1 Historical Trend (2017-2023)
4.6.4.2 Forecast Trend (2024-2032)
4.6.4.3 Break Up by Country
4.6.4.3.1 China
4.6.4.3.2 Japan
4.6.4.3.3 India
4.6.4.3.4 ASEAN
4.6.4.3.5 Australia
4.6.5 Rest of the World
4.6.5.1 Historical Trend (2017-2023)
4.6.5.2 Forecast Trend (2024-2032)
4.6.5.3 Break Up by Country
4.6.5.3.1 Brazil
4.6.5.3.2 Mexico
4.6.5.3.3 Others
5 Trade Data Analysis by HS Code
5.1 Orthopedic Implants- 90213100
5.2 Cardiac Implants- 90189094
5.3 Dental Implants- 90184900
6 Current Scenario Evaluation and Regulatory Framework
6.1 Emerging Therapies and Clinical Trials Synopsis
6.2 Patent Landscape
6.2.1 Patent Overview
6.2.1.1 Patent Status and Expiry
6.2.1.2 Timelines from Device Development to Commercial Launch
6.2.1.3 New Device Application
6.2.1.3.1 Documentation and Approval Process
6.3 Cost of Treatment
6.4 Regulatory Framework
6.4.1 Regulatory Overview
6.4.1.1 US FDA
6.4.1.2 EU EMA
6.4.1.3 INDIA CDSCO
6.4.1.4 JAPAN PMDA
6.4.1.5 Others
7 Global Smart Implants Market Dynamics
7.1 Market Drivers and Constraints
7.2 SWOT Analysis
7.3 Porter’s Five Forces Model
7.4 Key Demand Indicators
7.5 Key Price Indicators
7.6 Industry Events, Initiatives, and Trends
7.7 Value Chain Analysis
8 Supplier Landscape
8.1 Johnson & Johnson Services, Inc.
8.1.1 Company Overview
8.1.2 Product Portfolio
8.1.3 Demographic Reach and Achievements
8.1.4 Mergers and Acquisitions
8.1.5 Certifications
8.2 Medronic plc
8.2.1 Company Overview
8.2.2 Product Portfolio
8.2.3 Demographic Reach and Achievements
8.2.4 Mergers and Acquisitions
8.2.5 Certifications
8.3 Abbott Laboratories
8.3.1 Company Overview
8.3.2 Product Portfolio
8.3.3 Demographic Reach and Achievements
8.3.4 Mergers and Acquisitions
8.3.5 Certifications
8.4 Boston Scientific Corporation
8.4.1 Company Overview
8.4.2 Product Portfolio
8.4.3 Demographic Reach and Achievements
8.4.4 Mergers and Acquisitions
8.4.5 Certifications
8.5 Nevro Corp.
8.5.1 Company Overview
8.5.2 Product Portfolio
8.5.3 Demographic Reach and Achievements
8.5.4 Mergers and Acquisitions
8.5.5 Certifications
8.6 Zimmer Biomet
8.6.1 Company Overview
8.6.2 Product Portfolio
8.6.3 Demographic Reach and Achievements
8.6.4 Mergers and Acquisitions
8.6.5 Certifications
8.7 Cochlear Ltd.
8.7.1 Company Overview
8.7.2 Product Portfolio
8.7.3 Demographic Reach and Achievements
8.7.4 Mergers and Acquisitions
8.7.5 Certifications
8.8 Biotronik
8.8.1 Company Overview
8.8.2 Product Portfolio
8.8.3 Demographic Reach and Achievements
8.8.4 Mergers and Acquisitions
8.8.5 Certifications
8.9 Seneonics, Inc.
8.9.1 Company Overview
8.9.2 Product Portfolio
8.9.3 Demographic Reach and Achievements
8.9.4 Mergers and Acquisitions
8.9.5 Certifications
8.10 Intelligent Implants Ltd.
8.10.1 Company Overview
8.10.2 Product Portfolio
8.10.3 Demographic Reach and Achievements
8.10.4 Mergers and Acquisitions
8.10.5 Certifications
8.11 Freudenberg Group
8.11.1 Company Overview
8.11.2 Product Portfolio
8.11.3 Demographic Reach and Achievements
8.11.4 Mergers and Acquisitions
8.11.5 Certifications
8.12 AstraZeneca
8.12.1 Company Overview
8.12.2 Product Portfolio
8.12.3 Demographic Reach and Achievements
8.12.4 Mergers and Acquisitions
8.12.5 Certifications
8.13 Integra LifeSciences
8.13.1 Company Overview
8.13.2 Product Portfolio
8.13.3 Demographic Reach and Achievements
8.13.4 Mergers and Acquisitions
8.13.5 Certifications
9 Recommendations and Discussion
10 Pricing Models and Strategies (Additional Insight)
10.1 Overview
10.2 Cost Model
10.2.1 Manufacturing Cost Analysis
10.2.2 Procurement Cost Analysis
10.2.3 Clinical Trial Cost Factors
10.3 Pricing Strategies
10.3.1 Competitor Pricing Analysis
10.3.2 Key Assessment of Product Attributes
10.3.3 Pricing Benchmark
11 Global Smart Implants Distribution Model (Additional Insight)
11.1 Overview
11.2 Potential Distributors
11.3 Key Parameters for Distribution Partner Assessment
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of USD 5.30 billion in 2023, driven by the rising technological advancements.
The market is estimated to grow at a CAGR of 16.46% during the forecast period of 2024-2032 to reach a value of USD 20.80 billion by 2032.
The technological advancement of smart implants and the generation of nanogenerators and metamaterial for multipurpose use in the fabrics of medical implants will propel the market.
Data storage is the limiting factor in market growth.
The market is expected to grow at a CAGR of 28.29% between 2024-2032.
The market was estimated to reach about a value of USD 46 million in 2023 and is expected to reach about USD 477 million by 2032.
The regions involved in this market are North America, Latin America, Asia Pacific, Europe, and Latin America.
North America accounts for the largest share of the market owing to the easy availability of technologically advanced products, increasing consumer awareness, improved healthcare infrastructure, and regional expansion of pharmaceutical and biotechnology firms.
Smart implants are sensor-embedded devices implanted in the body to provide real-time data for monitoring during and after the surgeries too.
Minimally invasive quadriceps-sparing total knee replacement is the recent technology known to be a smart implant.
The key companies involved in the global smart implants market are Johnson & Johnson Services, Inc., Medronic plc, Abbott Laboratories, Boston Scientific Corporation, Nevro Corp., Zimmer Biomet, Cochlear Ltd., Biotronik, Seneonics, Inc., Intelligent Implants, Freudenberg Group, AstraZeneca, and Integra LifeSciences, among others.
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