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Smart Implants Market Share

Report ID: GMI8319
Published Date: Feb 2024
Report Format: PDF

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Smart Implants Market Share

The smart implants industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel implantable devices based on different technologies is among a key market strategy. Some of the leading industry players, such as, Stryker Corporation, Zimmer Biomet Holdings, and Medtronic plc, among others have a notable presence in the market.

Smart Implants Market Companies

Some of the eminent market participants operating in the smart implants industry include:

Boston Scientific Corporation
Canary Medical Inc.
CONMED Corporation
Globus Medical, Inc.
IQ Implants USA LLC
Johnson & Johnson
Medtronic plc
NuVasive Inc.
Orthofix Medical Inc.
Rejoint SRL
Smart Implant Solutions
Stryker Corporation
Zimmer Biomet Holdings, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global smart implants industry was valued at around USD 4.7 billion in 2023 and is estimated to reach over USD 20.1 billion by 2032, driven by ongoing technological advancements and rising incidence of road accidents and sport injuries.

Orthopedic implants segment accounted for USD 1.9 billion in 2023 and is set to gain traction through 2032, as smart implants enable continuous monitoring of parameters such as implant stability, bone healing, and joint function, allowing for early detection of complications.

North America smart implants industry held a significant revenue share of 40.5% in 2023 and is expected to grow rapidly through 2032, driven by a sophisticated healthcare system with access to advanced medical technologies.

Boston Scientific Corporation, Canary Medical Inc., CONMED Corporation, Globus Medical, Inc., IQ Implants USA LLC, Johnson & Johnson, Medtronic plc, NuVasive Inc., Orthofix Medical Inc., Rejoint SRL, Smart Implant Solutions, Stryker Corporation are some of the major industry contenders.