Metal Artificial Implants More Efficient & Popular Due to Their Excellent Mechanical Qualities: Fact.MR Report

The global artificial implants market is estimated to expand at 5.6% CAGR and reach a valuation of US$ 260 billion by 2032, as per industry analysis by Fact.MR, a market research and competitive intelligence provider.

Most parts or functions of the body can be supplemented or replaced by artificial implants. There has been a noticeable growth in the number of elderly persons globally in recent years. Numerous chronic diseases are more likely to affect senior folks. Dental disorders, endovascular illnesses, orthopedic disorders, and cardiovascular diseases are a few of these conditions. They are likely to contribute to a rise in the usage of artificial implants, such as artificial joints, eyes, and kidneys.

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Demand for artificial implants, which are substitutes made with both mechanical and robotic components that are used as prosthetics to replace broken body parts such as the hands, legs, and limbs, is growing along with the number of disabilities. Cardiac implants are mechanical circulatory support systems that support the circulation of blood from the heart to the body’s other organs.

Huge demand for cosmetic dentistry and technological advancements in artificial implants are the main drivers for market expansion. Neurological and sensory implants are used to treat various neurological conditions as well as diseases affecting the brain and the main senses. Dental implants are the only option for replacing a missing tooth permanently.

The industry is evolving rapidly as a result of the increased knowledge of the benefits of dental implants. Due to this, the dental implants sector is receiving a rising number of research grants for the development of novel implant designs and other developments that will help solve ongoing difficulties relating to implants.

Key Takeaways from Market Study

  • The global artificial implants market is currently valued at US$ 150 billion.
  • Market in Japan is projected to progress at a CAGR of 2.5% over the forecast period (2022-2032).
  • Sales of knee implants are forecasted to expand at a CAGR of 3% from 2022 to 2032.
  • Market in Germany is set to increase at a CAGR of 3.5% through 2032.

Increasing elderly population, surging applications of artificial implants to replace missing biological structures, growing awareness of implantable technologies among patients & doctors, high usage of prosthetic implants, and rapid adoption of metallic implants are factors driving market revenue growth,” says a Fact.MR analyst

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Which Key Dynamics are Supporting Sales Growth of Artificial Implants?

“Growing Awareness of Artificial Implants among General Population”

A high rate of technological advancements in the implant business would accelerate the use of these treatments. The increasing awareness of artificial implants among people is enhancing market growth potential for medical implants.

Since 3D bioprinting is utilized to create artificial implants, it has become clear that advances in this area are essential for organ transplantation. Since 3D bioprinting reduces the possibility of organ rejection, it is gaining popularity. The global trends for artificial devices are also about to change as a result of artificial intelligence.

For many years, hydroxylapatite (HA) has been employed in clinical settings. Due to its chemical composition closely resembling bone material, it has good biocompatibility with bone contact

Winning Strategy

Key manufacturers of artificial implants are putting great emphasis on product innovation to improve their brand portfolio, boost their presence, and meet consumer needs.

  • In 2021, to help ambulatory surgical centers (ASCs) and hospitals become more financially sustainable, Orthopedic Implant Company introduced its wrist fracture plating technology, the DRPx System, which received Food and Drug Administration approval.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global artificial implants market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of product type (cardiac implants, spinal implants, knee implants, hip implants, dental implants, cochlear implants), biomaterial (metallic, ceramic, polymers & natural, others), and end user (hospitals, clinical research institutions, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

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