Dublin, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The "Artificial Implants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for artificial implants is analyzed extensively, covering various product types including cardiac implants, spinal implants, knee implants, hip implants, dental implants, cochlear implants, and extremities implants.
The analysis spans multiple geographic regions including the United States, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Key competitors and market presence are highlighted for each region. The analysis includes recent past, current, and future sales figures in US$ million for the years 2022 through 2030, along with percentage CAGR calculations. Historic sales data from 2014 through 2021 is also considered.
The market perspective includes a 16-year breakdown of value sales for the years 2014, 2023, and 2030, encompassing the various product types and geographic regions. The report delves into the competitive landscape and provides insights into the competition within the artificial implants market.
Global Artificial Implants Market to Reach $112.7 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Artificial Implants estimated at US$73.5 Billion in the year 2022, is projected to reach a revised size of US$112.7 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030.
Cardiac Implants, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$52 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Spinal Implants segment is readjusted to a revised 5.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $20 Billion, While China is Forecast to Grow at 9.4% CAGR
The Artificial Implants market in the U.S. is estimated at US$20 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$25.4 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
MARKET TRENDS & DRIVERS
- Advanced Materials & Technologies Foster Orthopedic Implants Growth
- Revision Procedures Buoy Growth in Orthopedic Implants Market
- Reduced Post-Surgical Complications Drive Hip and Knee Replacements
- Demand for Premium Implants Continues
- Gender-Specific Orthopedic Devices Gain Momentum
- Concerns Regarding Metal-on-Metal Hip Implants
- Future of Reconstructive Sector
- Competition in the Orthopedic Implants Market - Largely Stagnant
- Growing Presence of Mid-Tier Firms & Start-Ups in Spinal Segment
- Competition Intensifies in the Global Spinal Implant Market
- Increasing Incidence of Knee/Hip Replacement Surgeries in Developed Nations
- Technological Advancements Encourage Young Patients to Opt for Surgeries
- Cementless Procedures Gain Ground
- Fully Integrated Prosthetic Limbs & Bionic Implants: Future Trend
- Key Technology Advancements in Spinal Implants
- Future Materials for Spinal Implants
- Innovations in Bio-Friendly Orthopedic Implants
- Biologically-Compatible Implants to Treat Fractured Bones
- Biomedical Textiles for Orthopedic Implants
- Biodegradable Magnesium - Future Material for Orthopedic Implants
- 'Smart' Orthopedic Implants
- Rising Popularity of Aesthetic & Cosmetic Dentistry to Spur Opportunities for Implants
- Implant Benefits Lead to Increased Consumer Acceptance
- Spurt in Dental Tourism Offers Growth Opportunities
- Dental Implant - A Small Segment in the Tooth Replacement Market
- Regional Prospects for Dental Implants in a Nutshell
- Europe Ahead in Dental Implants
- Emerging Markets to Drive Dental Implants Market
- Implants to be a Preferred Choice in Tooth Replacement in Future
- Lower Penetration and Economic Recovery to Drive Future Growth
- Developed Countries Still Far Off from Market Maturity
- Penetration Rates Determine Future Growth Prospects
- Lack of Insurance Coverage - A Growth Deterrent
- Battle Intensifies between Premium, Value and Discount Implant Brands
- Technological Advancements Drive Growth of Dental Implants Market
- Digitalization Trend & CAD/CAM Technology
- Innovation to Strengthen Market Share of Leading Players
- Innovation to Further Strengthen the Market Shares of Leading Players
- Replacements to Drive the Growth of ICDs
- Implantable Cardioverter Defibrillators (ICDs)
- ICDs in Pediatric Care Show Promise
- New Generation ICDs Feature Superior Benefits
- ICD Lead Failure Demands Immediate Attention
- Regulatory Developments Ensure Greater Device Reliability
- Market Shapes Up After the Recall Shock
- Pacemakers Ensure Effective Management of Non-Systolic Heart Failures
- Decline in Average Selling Price
- Threat form CRT-D Devices
- Breathing Disorders in Patients Implanted with Pacemakers: A Cause for Concern
- Innovations Spark Growth
- Technologically Advanced Compact Models Hold Growth Potential
- Remote Monitoring Capabilities Expand Cardiac Pacemaker Applications
- Advent of Digital Pacemakers
- Submicrometer CMOS Technologies to Improve Performance of Cardiac Pacemakers
- Transcatheter Heart Valves Market Poised for Growth
- Tissue Valves Prevail Over Mechanical Valves
- Under-Treated Population Spike Potential
- Destination Therapy - A Potential Opportunity in Ventricular Assist Devices
- Demographic Factors Drive Demand for Cardiological Devices
- Alarming Cardiovascular Disease Statistics Spell Opportunity for Cardiac Implants
- Cochlear Implants Gain Visibility
- Adoption Still Low for Cochlear Implants
- Overcoming Social Stigma - Critical to Boost Penetration for Cochlear Implants
- Researchers Investigate Potential Cochlear Implant Devoid of External Hardware
- Encouraging Efforts to Achieve Natural Hearing Using Implants
- Major Advancements in Cochlear Implant Services and Technology
- Innovative Speech Recognition Materials
- Enhanced Surgical Techniques
- Automatic Scene Classification
- Implants for Single-Sided Deafness
- Bilateral Cochlear Implantation
- Dual Microphone Directional Technology
- Wireless Technology & Signal Processing Algorithms
- Early Intervention for Congenital Hearing Loss
- Electroacoustic Stimulation
A selection of companies mentioned in this report includes
- Abiomed, Inc.
- Bicon, LLC
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Cochlear Limited
- Dentsply Sirona
- DePuy Synthes Companies
- Exactech Inc.
- GS Medical LLC
- Institut Straumann AG
- Integra Lifesciences Holdings Corporation
- Japan Medical Dynamic Marketing Inc.
- Medtronic plc
- Nobel Biocare Services AG
- RTI Surgical, Inc.
- Showa Ika Kohgyo Co., Ltd
- Smith & Nephew Plc
- Sonova Holding AG
- St. Jude Medical, Inc.
- Stryker Corporation
- Terumo Corporation
- TTK Healthcare, Ltd.
- Wright Medical Group N.V.
- Zimmer Biomet Holdings, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/54quus
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