The Medical Implants Market size is estimated to reach $149.1 billion by 2028, growing at a CAGR of 7.2% during the forecast period 2023-2028. The growth of the Medical Implants Market is greatly fuelled by the heightening demand for cosmetic dentistry and skyrocketing technological progress in medical implants. About 120 million people in the U.S. have lost at least one tooth and dental implant surgery is helpful. Cosmetic dental implants are one of the most excellent solutions for tooth loss owing to their capability to substitute the appearance of the lost teeth and their biological functions and this is fuelling the growth of the Medical Implants industry, thereby contributing to the Medical Implants industry outlook. Self-protective “smart” devices symbolize the next generation of orthopedic implants and this novel technology has the potential to remove periprosthetic infection. Cardiovascular implants find extensive clinical applications, making a tremendous contribution to the treatment of cardiovascular diseases. Spinal implants are medical devices that are extensively utilized to expedite spine surgery. 

Medical Implants Market Growth Drivers:

Surging Applications of Orthopedic Implants are Driving the Growth of the Medical Implants Market:

Merril orthopedic implants are being utilized in greater than 50 nations restoring their mobility to conform to their lifestyles and therefore contributing more to life, worldwide. Their flagship product Freedom knee is the one and only 7-radii femoral implant in the world. Orthopedic implants are those materials that are utilized for hard tissue uses to substitute bones and joints. Also contained in this category are fixation plates that are implanted to stabilize fractured bones. Orthopedic implants are classified into two classes containing permanent joint replacements and temporary fracture fixation devices. Permanent orthopedic implants involve the hip, knee, ankle, shoulder, elbow, wrist and finger joints. Temporary orthopedic implants involving plates, screws, pins, wires and intramedullary nails are required to repair broken or fractured bones. The surging applications of Orthopedic Implants are therefore driving the growth of the Medical Implants Market.

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Soaring Innovations in Cardiovascular Implants and Spinal Implants are Propelling the Growth of the Medical Implants Industry:

Planned by Newpace with the assistance of researchers from Na Homolce Hospital in Prague, Czech Republic, the implantable string subcutaneous defibrillator (ISSD) is a less invasive device that can avert abrupt cardiac demise. The average implantation time is barely 20 minutes and the device can be linked to a smartphone. Spine Innovations offers creative solutions with its most recent generation of cervical and lumbar disc replacement for minimally invasive treatment of spine degenerative disc disease. Over 20,000 ESP Spinal Discs have been implanted. The soaring innovations in cardiovascular implants and spinal implants are therefore propelling the growth of the Medical Implants Industry, thereby contributing to the Medical Implants Industry Outlook.

Product Launch:

In November 2020, Abbott Laboratories introduced a device that conveys a non-surgical, minimally invasive treatment for the handling of pain in the nervous system. The Abbott Park, IL-based firm pronounced that the IonicRF Generator is a radiofrequency ablation device that utilizes heat to aim particular nerves and obstruct pain signals from getting to the brain.

Medical Implants Market: Competitive Landscape

Key companies holding major shares in the Medical Implants Market are Abbott Laboratories, 3M Company, Straumann Group, Dentsply Sirona, Johnson & Johnson Medical GmbH, Stryker Corporation, Boston Scientific Corporation, Medtronic plc, Biotronik and Integra LifeSciences Holding Corporation.

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