Next Generation Implants (NGI) Market 2021, Future Demand, Top Key-Players and Growth 2028

Next Generation Implants (NGI) Market

According to the most recent report by Emergen Research, the worldwide next generation implants (NGI) market is anticipated to reach a market value of USD 4.45 billion in 2028 and register a consistent CAGR during the projected period. One of the main factors influencing demand for next-generation implants is the expanding number of elderly people around the world and age-related bone disorders. Major corporations are concentrating on developing the next generation of medical implants, including neurostimulators, blood pressure sensors, cardiac devices, retinal implants, and retinal implants, which can improve patients’ lives and allow them to carry on with their daily activities with the least amount of discomfort.

Due to the quick development of medical technology, implantable devices currently on the market are significantly smaller in size and provide greater functionality and sensitivity than older devices. Smaller devices are lighter, use less energy, and provide patients with a higher level of comfort. These tools are crucial for helping doctors monitor patients and provide more individualised diagnosis and care. The majority of next-generation implants rely on wireless technology, particularly for charging. To display status and generated data, the implanted gadget can wirelessly communicate with other devices.

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Further key findings from the report suggest

Biotronik introduced the Acticor DX and CRT-DX Devices in April 2019. Dual-chamber diagnostics are available with the new ICD Acticor system without the need for an atrial lead.

In the global market for next-generation implants, the orthopaedic implants sector is anticipated to post a consistent revenue CAGR over the forecast period. Orthopedic implants are increasingly in demand as bone-related problems and diseases are becoming more common.

In 2020, the market in Europe held the second-largest market share. The market is expanding in the region as a result of important reasons such the ageing population and the increased focus on innovative technology.

Abbott Laboratories, Johnson & Johnson, Boston Scientific Corporation, C.R. Bard, Inc., Medtronic Public Limited Company, Wright Medical Group N.V., Stryker Corporation, Globus Medical Inc., DENTSPLY SIRONA Inc., and Zimmer Biomet Holdings Inc. are important market participants.

For the purpose of this report, Emergen Research has segmented the next generation implants (NGI) market based on application, material, end-use, and region as follows:

Application Outlook (Revenue: USD Billion; 2020–2028)

  • Orthopedic Implants
  • Cardiovascular Implants
  • Ocular Implants
  • Dental Implants
  • Others

Material Outlook (Revenue: USD Billion; 2020–2028)

  • Metals and Metal Alloys
  • Ceramics
  • Polymers
  • Biologics
  • Others

End-Use Outlook (Revenue: USD Billion; 2020–2028)

    • Hospitals
    • Ambulatory Surgical Centers (ASCs)
    • Orthopedic Clinics
    • Academic and Research Institutes

Regional Outlook (Revenue: USD Billion; 2020–2028)

  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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