Medical Implants Market Segmented By Orthopedic Implants, Cardiovascular Implants, Stents, Stent-related Implants, Structural Cardiac Implants, Spinal Implants, Neurostimulators, Opthalmic Implants, Dental Implants, Facial Implants, Breast Implants Product with Metallic Biomaterials, Ceramic Biomaterials, Polymers Biomaterials, Natural Biomaterials Type
Industry: Healthcare
Published Date: October-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP4457
The global medical implants market is projected to increase from a valuation of US$ 14.75 Bn in 2022 to US$ 36 Bn by the end of 2032. The market is likely to progress at a high-value CAGR of 9.3% through 2032, as per the latest industry analysis by Persistence Market Research.
| Attributes | Key Insights |
|---|---|
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Market Size (2022E) |
US$ 14.75 Bn |
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Projected Medical implants Sales (2032F) |
US$ 36 Bn |
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Market Growth Rate (2022-2032) |
9.3% CAGR |
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Leading Regional Market |
North America |
“Rising Aging Population Leading to Several Dental Issues”
In recent years, there is a significant increase in the population of geriatric people around the world. These elderly people are generally more susceptible to many chronic diseases. Some of these disorders include dental disorders, endovascular diseases, orthopedic disorders, and cardiovascular diseases. They are likely to contribute to increased use of medical implants, for example, heart and kidney implants, eye implants, and artificial joints implants.
“Growing Prevalence of Chronic Diseases”
There is a significant rise in the population that is experiencing chronic diseases. In addition, the rapid rate of technological advancements in the implant industry is predicted to increase the adoption of these solutions. Increasing awareness among the global population related to artificial implants is also predicted to support the growth opportunities in the medical implants market in the coming years.
“High Prices of Implantation”
People need to invest a handsome amount in the process of implantation. Further, inadequate reimbursement policies are anticipated to limit the adoption of these solutions around the world. A dearth of skilled healthcare professionals is also likely to inhibit growth opportunities in the global market in the years ahead.
“Advancements in Medical Technologies to Propel Market Growth in North America”
Out of all the regional areas, North America is projected to hold the largest share of the global medical implants market share in the coming years. The dominance of the region is attributed to technological advancements that are taking place in the medical industry. Further, improved healthcare infrastructure, a rise in healthcare expenditure, and a growing prevalence of chronic diseases are predicted to contribute to growth avenues in the regional market.
After North America, Europe is likely to grow at a significant speed in the years ahead. The increasing prevalence of many chronic diseases and improved healthcare infrastructure is predicted to fuel growth avenues in the regional market.
East Asia and South Asia & Pacific regions are expected to grow at a noteworthy pace owing to the rising count of an aging population, increasing prevalence of chronic diseases, and rising awareness related to therapeutic applications of medical implants. Moreover, developing healthcare infrastructure across the region is also fueling the demand for advanced implantation solutions. The rising disposable income of the regional population further increases their expenditure capacities and finally fuels novel demand avenues in the market.
Medical implants are artificial devices or tissues, which are used to replace damaged biological structures or enhance an existing biological structure. Some of the implants are made from skin, bone, or other body tissues. Others are made from metal, plastic, or ceramic materials. Medical implants can be permanent or can be taken out when they are no longer needed.
There are some risks and complications associated with medical implantation, such as infections, surgical risks, and implant failure. Medical implants are used in areas such as cardiovascular, orthopedic, neurological disorders, dental, and others.
The global medical implants market is categorized based on types, origin, materials, and end users. Based on types, the report covers cardiovascular implants, spinal implants, orthopedics and trauma, dental implants, ophthalmic implants, neurostimulators implants, and others.
Cardiovascular implants include pacing devices, stents, related implants, and structural cardiac implants. Orthopedics and trauma implants comprise reconstructive joint replacements, orthobiologics, trauma implants, and sports medicine. Major dental implants include plate-form dental implants and root-form dental implants.
Ophthalmic implants comprise an intraocular lens and glaucoma implants. Neurostimulator implants are further categorized into deep brain stimulators, sacral nerve stimulators, spinal cord stimulators, vagus nerve stimulators, and others. Other implants include gynecological devices, drug implants, otolaryngeal implants, cosmetic implants, gastroenterological implants, urological implants, and skin and wound care implants. Based on origin, the market covers synthetic and biological implants. Based on materials, the market covers polymers, alloys, and ceramics. Based on end users, the market covers medical device manufacturing companies, pharmaceutical companies, research institutes, and academic institutes.
An increasing number of mergers and acquisitions and rapid product launches are some of the latest trends that have been observed in the global medical implants market. Some of the major companies operating in the global medical implants market are Johnson & Johnson Limited, Abbott Laboratories, Edwards Life-sciences Corporation, Orthofix International N.V., Novartis International AG, Sorin S.p.A, Boston Scientific Corporation, Smith & Nephew plc, Tornier N.V., and StrykerCorporation.
| Attribute | Details |
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Forecast period |
2022-2032 |
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Historical data available for |
2017-2021 |
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Market analysis |
USD million for value |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report Coverage |
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Customization & pricing |
Available upon request |
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The global medical implants market is estimated to surge at a CAGR of 9.3% through 2032.
The present valuation of the medical implants market is US$ 14.75 Bn.
Sales of medical implants are estimated to reach US$ 36 Bn by 2032.
