Next Generation Implants Market SWOT Analysis by Outline from 2021-2028| Abbott Laboratories, Smith & Nephew plc, Johnson & Johnson, Boston Scientific Corporation, C.R. Bard, Inc., Wright Medical Group N.V.

Next Generation Implants are used for inserting grafts into a patient's body to make it function as a part or whole organ. It can be defined as a device or tissue that can be placed on the surface or inside a body to support the existing organs or to replace them or substitute the missing parts. Medical implants are devices that are used to insert or graft into a patient’s body to function as a part or whole organ. As per U.S. FDA, an implant can be defined as a device or tissue that can be placed on the surface or inside the body. These devices provide support to the existing organs or replace them or substitute the missing parts. Some implants are permanent in nature and stay lifelong in the patient’s body while others may be temporary.

The number of visits to hospitals and clinics has decreased. Hence, the decline in the surgical procedures and thereby next-generation medical implants. Also, implants manufacturers are encountering a plethora of challenges, including scarcity of resources, shifts in supply and demand chain, and revenue decline as compared to the growth rate in the past decades. Implants market is hindered by the COVID-19 pandemic in the short term; however, it will resume strong growth once conditions improve, driven by improving economic conditions of the world, raising awareness of implant surgery, and the growing number of practitioners trained in implantology, which further increases the demand for the next generation implants and is expected to witness notable growth rate post-covid-19 pandemic.

Market Overview

The Next Generation Implant Market is expected to register a CAGR of 7 % over the forecasts period 2021-2028.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Next Generation Implants market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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Some of the key players operating in the Next Generation Implants market are Abbott Laboratories, Smith & Nephew plc, Johnson & Johnson, Boston Scientific Corporation, C.R. Bard, Inc., Wright Medical Group N.V, Stryker Corporation, Globus Medical Inc, DENTSPLY SIRONA Inc., and Zimmer Biomet Holdings Inc.

Recent Developments

In June 2021 Intelligent Implants Ltd's Smart Fuse Implant technology, a next-generation technological platform for orthopedics, gained United States Food and Drug Administration (FDA)'s breakthrough device designation.

In June 2021 Medtronic plc, one of the world's leading medical technology companies, gained United States Food and Drug Administration (FDA) clearance for Vanta, a high-performance rechargeable implantable neurostimulator.

Technological advancements have been resulting in the development and introduction of medical implants that are more simplified than earlier available products. Various companies are currently offering more advanced implants such as bioabsorbable stents, cardioverter-defibrillators, personalized joint replacements, and leadless pacemakers, which offer improved operation, extended battery life, and allows patients to continue normal activities after implantation.

Next-generation implants are devices or medically designed tissues that are used to replace a missing body part or as support to generate new tissue or bone structure. An implant can be defined as a device or tissue that can be placed on the surface or inside the body. These devices provide support to the existing organs or replace them or substitute the missing parts. Some implants are permanent and stay lifelong in the patient’s body while others may be temporary.

Market segmentation:
This report segments the market on the basis of by type are:

Hip replacement
 Knee replacement
 Spinal & surgical replacement
 Foot drop implants
 Dental implants
 Others

On the basis by application, the market is segmented into:

Orthopedic Implants
Cardiovascular Implants
Ocular Implants
Dental Implants
Others

Key Market Trends

Orthopedic Implants Segment is Expected to Occupy a Significant Share of the Market Over the Forecasts Period

Orthopedic implants are artificial bones or joints that are designed to replace or support a missing or injured bone or joint. These implants are designed to correct abnormalities and improve body posture. The rise in the geriatric population, which raises the risk of osteoporosis, osteoarthritis, and other musculoskeletal problems is one of the major factors for the growth of the segment market. According to the report of e-Clinical Medicine published in The Lancet journal, 2020, the global prevalence of osteoarthritis was 16 % (aged 15 and over), and 22⋅9% (aged 40 and over). Similarly, the global incidence of osteoarthritis was 203 per 10,000 person-years in individuals aged 20 and over, in 2020 worldwide. Also, according to the Arthritis Research report of United Kingdom "The State of Musculoskeletal Health 2018," 17.8 million individuals in the United Kingdom live with a musculoskeletal condition, accounting for 28.9% of the total population. According to these statistics, the number of orthopedic surgeries is expected to increase, thus driving the demand for orthopedic implants in the coming years.

The report is mainly segmented into several key regions, with sales, revenue, market share, and growth rate in these regions, covering:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Table of Contents: -

1. Global Next Generation Implants Market Overview
2. Global Next Generation Implants Market Competitions by Manufacturers
3. Global Next Generation Implants Capacities, Production, Revenue (Value) by Region
4. Global Next Generation Implants Supply (Production), Consumption, Export, Import by Region
5. Global Next Generation Implants Productions, Revenue (Value), Price Trend by Type
6. Global Next Generation Implants Market Analyses by Application
7. Global Next Generation Implants Manufacturers Profiles/Analysis
8. Next Generation Implants Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analyses, Distributors/Traders
11. Market Effect Factors Analysis
12. Global Next Generation Implants Market Forecast
13. Research Findings and Conclusion
14. Appendixes

The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report's an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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