Decrease In Demand of Smart Implants Market To Restrict Revenue Growth During Forecast Period 2022 – 2031 : Fact.MR

A recent study by Fact.MR on the global smart implants market offers a 10-year forecast for 2022 to 2032. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of smart implants.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing smart implants, along with their product portfolios, key strategies, and SWOT analysis, enhances the reliability of this comprehensive research study.

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Key Segments of Smart Implants Industry Survey

  • Smart Implants Market by Implant :

    • Pacemakers
    • CRTs
    • ICDs
    • Knee Replacement
    • I-CGM
    • Cochlear Implants
    • Sacral Neuromodulators
    • DRG Neurostimulators
    • Spinal Cord Stimulators
    • Others
  • Smart Implants Market by Use Case :

    • Cardiac Rhythm Management
    • Arthroplasty
    • Neuromodulation
    • Continuous Glucose Monitoring
    • Hearing
    • Others
  • Smart Implants Market by End User :

    • Hospitals
    • Specialty Clinics
    • ASCs
  • Smart Implants Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & ASEAN
    • Oceania
    • MEA

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Competition Landscape

Key manufacturers of smart implants are Abbott, Medtronic, Boston Scientific Corporation, Nevro Corporation, Biotronik, Zimmer Biomet, and Cochlear Ltd.

The global smart implants market is strictly consolidated with each player competing to secure dominance. One of the key approaches adopted by global leaders is increased investments in R&D to establish brand identity with breakthrough products.

Manufacturers are seeking on-field guidance by collaborating with hospitals and understanding the needs and challenges of patients to customize product development. Several partnerships with ICT industries are also established to guide medical technology development.

  • In Apr 2022, Medtronic & GE healthcare collaborated to understand the unique requirements and ultimatum for care at Ambulatory Surgery Centers (ASCs) and Office-based Labs (OBLs).
  • In Aug 2020, Senseonics collaborated with Ascensia Diabetes Care, providing it the exclusive distributor rights across the globe. Ascensia Diabetes Care markets its product in more than 125 countries, and will commercialize the Senseonics’ Eversense® CGM systems.

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Why is Demand for Smart Implants Surging across the World?

“Need for Personalized Treatment Propelling Use of Smart Implants” 

Smart implants are not only used for continuous internal diagnosis, but their external connectivity feature enables therapy customization according to the need.

Remote access to internal diagnosis helps patients and health workers personalize the therapy from a distance or over video calls. With digitalization transforming the smart medical implants market, the remote monitoring aspect of smart implants will not only reduce the frequency of in-person consultation but also gain patients’ confidence of control, thereby driving market growth.

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