Changes in therapeutic sciences with relation to basic surgeries has helped in expanding trust of patients in the cutting edge surgical procedures. This change occurred following intensive research endeavors and practical utilization of techniques. Surgeries related to medical embedding include sufficient amount of technological commitment from various disciplines including surgical perspective, clinical science etc. A medical implant is a medical device manufactured to replace a missing biological structure, support a damaged biological structure, or enhance an existing biological structure. The global medical implant market is developing at impressive pace because of rising healthcare industry. In clinical and therapeutic sciences, implants are of various types relying on the area of the human body it is utilized such as orthopedic & trauma implants, cardiac implants, ophthalmic implants, spinal implants, dental implants, neurostimulator implants and others.

The purpose of this research study titled ‘Medical Implants Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global medical implants market. This report presents and analyzes the major trends prevalent in the global medical implants market and the market size and forecast.

This report categorizes the global medical implants market in terms of applications, usage areas, and geographical distribution. Based on application types, the global medical implants market is categorized into orthopedic & trauma, cardiovascular, ophthalmic, spinal, dental, neurostimulator and others. The usage areas considered for the purpose of this study are hospitals, ambulatory centers, and private clinics. Market size and forecast for each mentioned segment for the period 2015-2025 is presented in the report along with respective CAGRs for the forecast duration 2017-2025.

The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional presented in terms of application, usage area and constituent region/country level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints, and opportunities) to have a good understanding of the current and anticipated trends in the global medical implants market. Competition assessment tools such as Porter’s five forces model, market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying a prominent position in the global medical implants market. The key players profiled in this report are Medtronic plc, Johnson & Johnson, Stryker Corp., Zimmer Biomet Holding, Inc., St. Jude Medical, Inc., Boston Scientific Corp., Edwards Lifesciences Corp., Straumann Holding AG, Osstem Implants Co. ltd., Abbott Laboratories, Smith & Nephew, and Neuropace, Inc.

At present, the medical implants market is dominated by orthopedic & trauma implants followed by cardiovascular implants. Orthopedic & trauma implants is among the strongest streams in medical implants market and its growth has been strongly supported by technological advances. One major factor that contributes to the growth of medical implants is increased life expectancy. As the populations are rapidly aging, the incidence and prevalence of many chronic diseases degeneration are bound to increase correspondingly, thus driving the growth in demand for medical implants. Additionally, it is not just geriatric population that is making the choice for medical implants. Sports injuries, occupational accidents and road trauma are also some of the major reasons in the younger population to opt for implants. The young population is rapidly undergoing facelifts and other cosmetic procedures. Improved outcomes with medical implants as against other procedures also support the growth of the market.

Medical implants are the replacement of missing or damaged body part, which support or enhance an existing biological structure. Increasing number of orthopedic and cardiovascular disease are driving the growth of for the market. The number of dental treatment are leading the growth for medical implants while increasing cosmetic surgery is driving the growth of cosmetic implants. Increasing aging population, growing healthcare sector and technological advancement are the major drivers for the market.

Among the considered research areas, medical implants enjoy the largest application in hospitals followed by ambulatory centers. Higher affordability of hospitals in terms of purchase of medical implants, greater handling skills and higher cost to benefit ratio due to better patient footfall are the main factors driving the adoption of medical implant systems in hospitals. It is further expected that due to increasing preference of patients for approaching specialized private clinics for requirements due to faster turnaround times and better treatment outcomes, the demand for medical implants systems from private clinics will be higher during the forecast period. Additionally, being a recent introduction in the field of implants, there are extensive research activities and studies being performed with the intention to enhance the precision and applicability of medical implants. Therefore it is expected that the growth of private clinics segment will be greater than the global benchmark during the forecast period.

Geographically, the global medical implants market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

At present, North America leads the global medical implants market in terms of revenue followed by Europe. Better regulations, presence of sophisticated healthcare system, and evolved reimbursement scenario are the prime factors that favor the dominance of North America market on the global front. Additionally, the prominence of European market is mainly contributed by higher prevalence of cardiac diseases, significant preference for advanced asthetic procedures and dominant trend of adopting advanced treatment and diagnostic solutions in the healthcare systems. It is also projected that Asia Pacific region will witness the fastest market growth during the forecast period. Proliferation of awareness about availability of novel devices, increasing preference of patients to avail treatments with higher outcomes, greater disposable incomes and rapidly increasing healthcare expenditure.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Medical Implants market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Medical Implants market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Medical Implants market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Medical Implants market?
• Which is the largest regional market for Medical Implants market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Medical Implants market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Medical Implants market worldwide?