High success rate, adequate reimbursement policies, increasing orthopedic diseases and favorable healthcare norms by the government drives the global next generation implants market.
Global next generation implant market is projected to reach USD 4.85 billion by 2024 at a CAGR of 18.5%. As per the material used metal and metal alloy implants dominate the market with the major market share; however, with the advent of advancement in technology skin, tissue and bone implants are coming into light.
The next generation implants market in Europe is growing steadily and is expected to witness significant growth over the forecast period. Presence of both local and global vendors competing to gain the maximum market share makes cost of implants more affordable for the patients.
Next Generation Orthopedic Implants
Knee and hip implant components containing porous structures and fabricated in monolithic forms using electron bean melting if alloyed with Ti-6Al-4V and Co-29Cr-6Mo, it is demonstrated that stiffness-compatible implants can be fabricated for optimal stress shielding for bone regimes as well as bone cell ingrowths.
Polyurethane: Material for next generation implants
There are many research projects working on developing a prosthetic heart valve that combines the durability of a mechanical valve with the flow profile and blood compatibility of a bioprosthesis, while overcoming the disadvantages of each of these types of valve. Polyurethanes have been a popular choice of material, given their relatively good blood- and bio-compatibility. Due to the recent developments in polymer science biostable polyurethanes have been synthesized.
“Global Next Generation Implants Market Outlook 2024” contains detailed overview of the global next generation implants market in terms of market segmentation by product, material and end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global next generation implants market report also provides competitive outlook for some of the major players which includes profiling of companies such as Finetech Medical, Wright Medical Group N.V., Shanghai MicroPort Orthopedics, Arthrex, Inc., B. Braun Melsungen AG, Exactech, Inc., DJO Global, Inc., Johnson & Johnson, Zimmer Biomet, Bioness, Inc., Stryker Corporation, Ottobock, Narang Medical Limited, and PONTiS Orthopaedics, LLC. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global next generation implants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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