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Smart Implants Market Is Forecast To Surpass A Market Value Of US$ 22.2 Billion By 2032

06-23-2023 08:53 AM CET | Health & Medicine

Press release from: Fact.MR

Smart Implants Market Is Forecast To Surpass A Market Value Of US$

The global smart implants industry is estimated at US$ 3.9 billion in 2022, and is forecast to surpass a market value of US$ 22.2 billion by 2032. Smart implants are expected to contribute significantly to the global implants market, with demand surging at a CAGR of 19% from 2022 to 2032.

Growing diabetic population has increased the demand for frequent glucose-level checks, which was sufficed with wearable sensors that lasted 5-10 days. Introduction of implantable sensors that last for almost 6 months with better accuracy has revolutionized the diabetes care market. Increasing adoption of implantable-continuous glucose monitors (I-CGM) is propelling smart implants market growth.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:https://www.factmr.com/connectus/sample?flag=S&rep_id=7341?PJ

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

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.

โ€ข 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).

โ€ข 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' Eversenseยฎ CGM systems.

๐๐ซ๐จ๐ฆ๐ข๐ง๐ž๐ง๐ญ ๐Š๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐ˆ๐ฆ๐ฉ๐ฅ๐š๐ง๐ญ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ฎ๐ซ๐ฏ๐ž๐ฒ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ:

โ€ข Abbott
โ€ข Medtronic
โ€ข Boston Scientific Corporation
โ€ข Zimmer Biomet
โ€ข Cochlear Ltd.
โ€ข Biotronik
โ€ข Nevro Corp.
โ€ข Senseonics, Inc.
โ€ข Nevropace
โ€ข Aleva Neurotherapeutics SA

๐Š๐ž๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐จ๐Ÿ ๐’๐ฆ๐š๐ซ๐ญ ๐ˆ๐ฆ๐ฉ๐ฅ๐š๐ง๐ญ๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐’๐ฎ๐ซ๐ฏ๐ž๐ฒ

โ€ข Smart Implants Market by Implant :

โ€ข Pacemakers
โ€ข CRTs
โ€ข ICDs
โ€ข Knee Replacement
โ€ข I-CGM
โ€ข Cochlear Implants
โ€ข Sacral Neuromodulators
โ€ข DRG Neurostimulators
โ€ข Spinal Cord Stimulators
โ€ข Others

โ€ข Smart Implants Market by Use Case :

โ€ข Cardiac Rhythm Management
โ€ข Arthroplasty
โ€ข Neuromodulation
โ€ข Continuous Glucose Monitoring
โ€ข Hearing
โ€ข Others

โ€ข Smart Implants Market by End User :

โ€ข Hospitals
โ€ข Specialty Clinics
โ€ข ASCs

โ€ข Smart Implants Market by Region :

โ€ข North America
โ€ข Latin America
โ€ข Europe
โ€ข East Asia
โ€ข South Asia & ASEAN
โ€ข Oceania
โ€ข MEA

๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ง๐š๐ข๐ซ๐ž ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐ฆ๐š๐ซ๐ญ ๐ˆ๐ฆ๐ฉ๐ฅ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข How the market for Smart Implants has grown?
โ€ข What is the present and future outlook of the global Smart Implants on the basis of region?
โ€ข What are the challenges and opportunities for the Smart Implants?
โ€ข Why the consumption of Smart Implants highest in region?
โ€ข In which year segment is expected to overtake segment?

"๐๐ž๐ž๐ ๐Ÿ๐จ๐ซ ๐๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ๐ข๐ณ๐ž๐ ๐“๐ซ๐ž๐š๐ญ๐ฆ๐ž๐ง๐ญ ๐๐ซ๐จ๐ฉ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐”๐ฌ๐ž ๐จ๐Ÿ ๐’๐ฆ๐š๐ซ๐ญ ๐ˆ๐ฆ๐ฉ๐ฅ๐š๐ง๐ญ๐ฌ"

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.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:https://www.factmr.com/connectus/sample?flag=RC&rep_id=7341?PJ

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Fact.MR is a market research and consulting firm with deep expertise in emerging market intelligence. Ranging from Automotive and Industry 4.0 to Healthcare, Technology, Chemicals, Materials and even the most niche categories.

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