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Smart Implants Market Trends

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

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Smart Implants Market Trends

The increasing occurrence of accidents and sports-related injuries serves as a major driver for the growth of the smart implants market. The rising number of such incidents leads to a heightened need for advanced treatment solutions, fostering a greater demand for innovative interventions that can deliver improved outcomes for patients.

For instance, according to the Consumer Product Safety Commission (CPSC), sports and recreational injuries increased by 12% in 2022.
Smart implants can provide real-time data on patient movement, range of motion, and other relevant parameters, allowing healthcare providers to tailor rehabilitation programs to individual needs and track progress more accurately, and offer the potential for more personalized and effective treatment strategies.
Furthermore, smart implants can facilitate early detection of complications or issues related to the injury or surgical procedure. By continuously monitoring factors such as movement, pressure, or temperature, these implants can alert healthcare providers to potential problems before they escalate, allowing for timely intervention and improved patient outcomes.

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.