Next Generation Implants Market Research Report : Forecast 2024

Medical implants are devices or medically grafted tissues placed on the surface of body parts. Primarily, these prosthetic implants are used to replace the missing part of the body such as knee, hips, teeth, and breast. Other uses of implants are to provide medication, support to the organs or body tissues, and monitor overall body functions.

Advancements in techniques have made possible manufacture of some of the implants from skin, body tissues, or bones. These are also made from other materials such as metal, plastics, and ceramics. These next generation implants can be replaced permanently or removed when no longer required. For instance, hip implants and stents are supposed to be or intended to be permanent implants. On the other hand, screws, chemotherapy ports, dental implants, and bridges are normally removed when no longer needed.

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The global next generation implants market is expected to grow rapidly driven by increase in lifestyle diseases, aging population, rise in health care related awareness, sedentary lifestyle, improved access to health care, especially medical devices and infrastructure.

According to a WHO (World Health Organization) 2015 report, there are over 1100 million people in the world aged above 50, of these approximately 720 million are from emerging economies. This situation can increase demand for ophthalmic, orthopedic, cardiovascular and orthodontic implants. Improving trauma care, sedentary lifestyle, advancements in implant technologies, and reimbursement policies are the other factors driving the global next generation implants market. Use of biomaterials in the manufacture of implants is one of the key factors propelling the global next generation implants market. On the other hand, high cost of implants, overall treatment and surgical procedures and proportional rise in failed implant procedures and techniques are factors hampering the growth of the global next generation implants market. The implants market is considered to be stable due to increasing patient needs. However, strict regulatory guidelines and policies for product approval are likely to restrain the next generation implant market.

The global next generation implants market can be segmented based on product, material, end-user, and region. In terms of product, the market can be segmented into hip replacement, knee replacement, spinal & surgical replacement, foot drop implants, dental implants, and others. Based on material, the next generation implants market can be segmented into metal-on-metal, metal-on-polyethylene, ceramic-on-metal, ceramic-on-polyethylene, plastics, ceramic-on-ceramic, and others. In terms of end-user, the global market can be segmented into hospitals, ambulatory surgical centers, orthopedic clinics, academic & research institutes, and others.

Geographically, the global next generation implants market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the market due to focus on research and development, rise in health care spending, and growth in awareness about health, hygiene, and abnormality. The sluggish economy due to Brexit could have an adverse impact on market growth in Europe. Asia Pacific is anticipated to record the fastest growth, as this region is predominantly driven by Japan, India, and China. Rising disposable income, rise in demand, increase in geriatric population are the factors expected to subsidize the growth of the Asia Pacific market.

Key players operating in the global next generation implants market include Finetech Medical, Wright Medical Group N.V., Shanghai MicroPort Orthopedics, Arthrex, Inc., B. Braun Melsungen AG, Exactech, Inc., DJO Global, Inc., Johnson & Johnson, Zimmer Biomet, Bioness, Inc., Stryker Corporation, Ottobock, Narang Medical Limited, and PONTiS Orthopaedics, LLC.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market

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