smart implants market, smart implants market size, smart implants market growth, smart implants market trends, smart implants market report, smart implants market forecast
How big is the smart implants market today, and what are its future growth expectations?
The smart implants market size has grown rapidly in recent years. It will grow from $4.47 billion in 2024 to $5.22 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to improved healthcare infrastructure, expansion of pharmaceutical and biotechnology companies, rise in prevalence of orthopedic diseases, rise in prevalence of chronic ailments, growth in the healthcare spendings.
The smart implants market size is expected to see rapid growth in the next few years. It will grow to $9.69 billion in 2029 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to growing demand for minimally invasive procedures, rising incidence of accidents or sports injuries, growing awareness and education about smart implants, increasing awareness of personalized medicine, rising public awareness about the benefits of smart implants. Major trends in the forecast period include technological advancement, adoption of smart surgical methodologies in dentistry, product innovation, blockchain technology, wireless connectivity.
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What have been the primary factors driving the smart implants market’s growth?
The growing demand for minimally invasive procedures is expected to propel the growth of the smart implant market going forward. Minimally invasive procedures are medical operations that cause the least disruption to the body’s standard structure and function, resulting in less stress on surrounding tissues and faster recovery times. The demand for minimally invasive procedures is rising due to less pain and discomfort, minimal scarring, and a reduced risk of complications. The smart implants play a crucial role in advancing the field of minimally invasive surgery by providing real-time feedback, enhancing precision and accuracy, enabling remote control and adjustment, facilitating data integration and analysis, and supporting improved patient monitoring and recovery. These capabilities contribute to safer, more effective, and patient-centered minimally invasive procedures across various medical specialties. For instance, in August 2023, according to The Aesthetic Society, a US-based organization devoted entirely to aesthetic plastic surgery and cosmetic medicine, Americans spent over $11.8 billion on minimally invasive procedures (aesthetic procedures) in 2023, an increase of 2% from the previous year. Therefore, the growing demand for minimally invasive procedures is driving the growth of the smart implant market.
What are the key segments within the smart implants market?
The smart implants market covered in this report is segmented –
1) By Type: Orthopedic Implants, Cardiovascular Implants, Dental Implants, Cosmetic Implants, Other Types
2) By Surgery: Open Surgery, Minimally Invasive Surgery
3) By Application: Knee And Hip Arthroplasty, Spine Fusion, Stents, Intraocular Lens, Pacing Devices
4) By End-User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other End-Users
Subsegments:
1) By Orthopedic Implants: Smart Hip Implants, Smart Knee Implants, Smart Spinal Implants
2) By Cardiovascular Implants: Smart Pacemakers, Implantable Cardioverter Defibrillators (Icds), Smart Stents
3) By Dental Implants: Smart Endosteal Implants, Smart Subperiosteal Implants
4) By Cosmetic Implants: Smart Breast Implants, Smart Facial Implants
5) By Other Types: Smart Cochlear Implants, Neural Implants
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Which key players are shaping the smart implants market?
Major companies operating in the smart implants market are Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic plc, Stryker, Boston Scientific Corporation, Zimmer Biomet, Terumo Corporation, Smith & Nephew plc, Biotronik, Integra LifeSciences, Cochlear Ltd., CONMED Corporation, Globus Medical Inc., Penumbra Inc., Orthofix Medical Inc., Nevro Corp., Exactech Inc., IQ IMPLANTS USA, Senseonics, Canary Medical Inc., Aleva Neurotherapeutics SA, Intelligent Implants, Rejoint srl, DirectSync Surgical, Smart Implant Solutions
How will emerging trends drive the smart implants market throughout the forecast period?
Major companies operating in the smart implant market are focused on developing innovative products, such as piezoelectric technology-based implants, to enhance implant longevity and improve patient outcomes. Piezoelectric technology-based implants generate electricity from body movements, powering features like antibacterial surfaces or phototherapy to enhance healing and extend implant longevity without external power sources. For instance, in February 2023, Researchers at the University of Pennsylvania, a US-based research university developed a smart dental implant. This smart dental implant features a bacteria-resistant nanoparticle biofilm and an integrated phototherapy light to safeguard periodontal tissue from inflammation. Powered by piezoelectric technology, it harnesses natural oral movements to generate electricity for the phototherapy light, promoting tissue health without needing batteries. Additionally, barium titanate nanoparticles provide a lasting negative charge to repel harmful bacteria, enhancing implant longevity and reducing the risk of replacement.
How do regional factors impact the smart implants market, and which region is the largest contributor?
North America was the largest region in the smart implants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Smart Implants Market Report 2025 Offer?
The smart implants market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Smart implants are medical devices designed to monitor, diagnose, and treat medical conditions within the body with increased precision and efficiency. It is used in various medical fields to provide personalized and targeted healthcare solutions to enhance patient care, improve treatment outcomes, and facilitate proactive management of chronic diseases and conditions.
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