Increased Adoption of New Technologies to Propel Market Growth

Global smart implants market is anticipated to grow at a CAGR of 19.0% during the forecast period (2024-2031). A major factor supporting the growth of the market is the ongoing technological advancements in the smart implants market and the increasing preference for innovations in different surgery technologies among other contributing factors.

For instance, in July 2022, Spineway, a France-based spinal implant manufacturer acquired Spine Innovations for an undisclosed amount. The acquisition would help Spineway accelerate its innovation and growth and position itself as a leader in this segment. Spinal Innovations is a French manufacturer of spinal implants. 

Browse the full report description of “Smart Implants Market Size, Share & Trends Analysis Report by Product Type (Orthopedic Smart Implants, Cardiovascular Smart Implants, Ophthalmic Smart Implants, Dental Smart Implants, Cosmetic Smart Implants, and Others), by Surgery (Open and Minimally Invasive), and by End-User (Hospital, Ambulatory Surgical Centers, Orthopedic Clinics, Ophthalmic Clinics, Dental Labs, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/smart-implants-market

In February 2024, Exactech is partnering with Canadian medical device developer Statera Medical to design the world’s first smart reverse shoulder implant. A reverse total shoulder replacement is a type of shoulder surgery where a surgeon removes the damaged parts of the shoulder and replaces them with artificial parts. The companies said they are aiming to develop a smart implant that can help surgeons select the correct implant size and offset for a particular patient and provide the best balance of joint mobility and stability for all major joints. Furthermore, countries including the US, Canada, Japan, and other European countries are investing more in technologies to increase the market growth of smart implants.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Product Type

o By Surgery

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includes Zimmer Biomet Holdings, Inc., NuVasive, Inc., CONMED Corp., Abbott, and Siemens Healthineers , among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smart Implants Market Report Segment

By Product Type

• Orthopedic Smart Implants

o Knee Arthroplasty

o Hip Arthroplasty

o Spine Fusion

o Fracture Fixation

o Others

Cardiovascular Smart Implants

• Pacing Devices
• Stents
• Structural Cardiac Implants

Ophthalmic Smart Implants

• Intraocular lens
• Glaucoma Implants
• Dental Smart Implants
• Cosmetic Smart Implants
• Others

By Surgery

• Open
• Minimally Invasive

By End-User

• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Clinics
• Ophthalmic Clinics
• Dental Labs
• Others

Global Smart Implants Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• The Middle East & Africa

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