Medical implants are man-made devices or biomedical tissues surgically
transplanted either into the body or on the surface of the body. Majority of
implants are prosthetic, designed for replacing missing or damaged body parts
whereas other implants are designed either to deliver certain drugs into the
body or to provide extra support to organs. These implants are transplanted
either on permanent or temporary basis and can be detached from body whenever
required. For instance, stents and hip implants are transplanted on permanent
basis whereas screws which are used to repair broken bones can be removed when
they are no longer needed. Depending on part of the body on which implant is
used, implants are of different types such as dental implants, cardiovascular
implants, brain implants, spine implants, orthopedic implants, and cosmetic
implants to name a few.
Increasing geriatric population, growing incidence of chronic diseases
(such as respiratory diseases, cardiovascular diseases, and endovascular
diseases), and rising demand for technologically advanced products (such as bio
absorbable stents) are set to drive the medical implants market. Increasing
awareness among people about advantages of medical implants to improve quality
of life will lead to increase adoption of these implants in coming years.
Furthermore, rapidly evolving healthcare infrastructure especially in emerging
economies such as India and China will drive the market. However, inadequate
insurance coverage policy, high cost of implants, and strict approval
guidelines for medical implants is expected to hamper the market growth.
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There has been rapid increase in demand for cardiovascular implants
owing to rise in prevalence of cardiovascular disorders. Cardiovascular
disorders are conditions characterized dysfunctional of heart and blood
vessels. These diseases are mainly caused by high cholesterol level, excessive
smoking, and unhealthy lifestyle habits. According to a study conducted by
American Heart Association in 2017, around 92.1 million American adults are
living with some or other type of cardiovascular condition. These diseases can
be prevented either through drugs or by use of advanced implantable devices
such as pacing devices (CRT with pacemaker function), stents (bioabsorbable
stents) and structural cardiac implants (biventricular assist devices). These
implants are transplanted in heart or blood vessel to restore normal
functioning of heart. For instance, pacemaker is used to regulate irregular
heartbeats by using electrical pulses from small device placed on chest or
abdomen to improve heartbeats.
Another major application of these implants is used in treating
orthopedic injuries to replace fractured or missing bones. Orthopedic injuries
are injuries to bone, muscle or joint due to accident, trauma or severe
illness. These implants are made up of stainless steel and titanium alloys that
act as artificial cartilage for giving support to damaged bone. Although
majority of implant manufacturers still depend on traditional coatings for implants,
however, new technologies are being developed to improve overall efficiency of
orthopedic implants.
Neurostimulators is another segment witnessing rise
in demand owing to increasing prevalence of
neurological disorders. Neurostimulators are implants used to regulate or
modify neural activities either by using invasive or non-invasive methods.
These implantable devices work either by stimulating nerve cells or by stopping
pain signals to reach various target sites (such as central nervous system and
peripheral nervous system). Developments such as injectable
neurostimulators (which are under clinical trial) will provide growth
opportunities for the market players in coming years. These implants are used
to minimize complications such as discomfort, high risk of infections and
post-surgery trauma associated with the use of traditional neurostimulators.
Moreover, there will be surge in demand for facial implants due to increase in
number of aesthetic procedures performed annually and rise in geriatric population
requiring aesthetic facial implants for body shaping and tightening. According
to a study conducted by International Society of Aesthetic Plastic Surgery
(ISPAS) in 2015, around 31,337,924 aesthetic/ cosmetic procedures were
performed worldwide escalating demand for facial implants.
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Some of the major players operating in the global market include
Medtronic plc., Zimmer Biomet, Stryker Corporation, Abbott Laboratories, Boston
Scientific Corporation, Johnson & Johnson, Institut Straumann AG, Dentsply
Sirona, Edwards Lifesciences Corporation, Orthofix International, Smith &
Nephew plc., and Tornier N.V.
About
Crystal Market Research
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informed decisions. It provides both syndicated as well as customized research
studies for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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