Next Generation Implants Market: Application of 3D Manufacturing Technologies to Open up New Avenues

The study takes a closer look at the recent R&D activities and clinical studies undertaken in major regions leading to the development of bioimplants. Furthermore, the report highlights major advancements in next generation implants for various segments such as retinal prostheses, dental implants, breast implants, and other surgical implants. Major investment and collaborations by emerging and leading players are covered in the study.

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A surging elderly population, especially in developed nations, growing sedentary lifestyle, and progress made in medical technologies are key factors boosting the next generation implants market. In addition, advances in trauma care in various countries, especially in emerging economies and low-income countries, have simulated the demand for next generation implants. The use of a variety of biomaterials for manufacturing implants is expected to fuel the demand for next generation implants. Furthermore, advances in sensor technologies embedded with bioimplants are expected to catalyze the next generation implants market in the coming years.

On the downside, the high cost of surgical implants and unfavorable reimbursement policies in some countries are key factors likely to restrain the growth of the next generation implants to an extent. Stringent regulations pertaining to product approval of next generation implants is another crucial factor expected to hinder the market in some regions. Nevertheless, advances made in manufacturing technologies such as 3D printing processes are expected to unlock exciting opportunities for market players. The success of several clinical trials demonstrating the efficacy of new bioimplants is expected to open new paradigms in the next generation implants development. Some of the major end users of the next generation implants market are hospitals, ambulatory and surgical centers, orthopedic clinics, and academic and research institutes.

North America is a prominent market for next generation implants and is anticipated to expand at a significant pace over the forecast period. The substantial growth in this regional market is attributed to robust healthcare spending, rising awareness about health, and intensive R&D investments by several organizations. Asia is poised to offer vast opportunities for companies in the next generation implants market. The substantial demand for next generation implants in Asia Pacific is driven by a burgeoning healthcare sector in emerging and advanced nations, growing geriatric population, and rising disposal incomes.

Emerging players are acquiring advanced manufacturing technologies such as 3D printing technology to gain a competitive edge over others. Major companies operating in this market include Stryker Corporation, Finetech Medical Ltd., Bioness Inc., Zimmer Biomet, Johnson & Johnson, DJO Global, Inc., Exactech, Inc., B. Braun Melsungen AG, Arthrex, Inc., and MicroPort Orthopedics Shanghai Co., Ltd.

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