May 29, 2023
Expansion of Global Smart Medical Implants Market Expected to Achieve US$ 24.8 Billion by 2031, with a Compound Annual Growth Rate (CAGR) of 18.1%: TMR Report
Wilmington, Delaware, United States, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global smart medical implants market is projected to flourish at a CAGR of 18.1% from
Wilmington, Delaware, United States, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global smart medical implants market is projected to flourish at a CAGR of 18.1% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 24.8 billion is anticipated for the market in 2031. As of 2023, the market for smart medical implants is expected to close at US$ 6.7 billion
The rapidly growing geriatric population, increased prevalence of chronic diseases, and technological advancements in medical implantable devices are the main factors contributing to market growth.
Increased demand for minimally-invasive surgical methods and increasing healthcare expenditure, especially in developed countries, support the adoption of advanced medical technologies, including smart medical implants, to improve patient care.
Rapid urbanization, rising levels of disposable income among the population, and significant research and development efforts by key competitors are some of the other factors driving market demand.
Increasing technological advances in smart implants as they can incorporate user interfaces or smartphone apps that provide patients with information on their progress, exercise recommendations, and reminders for medication or therapy adherence, these advances to contribute to the increased demand for smart medical implants
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Key Takeaways from the Market Study
Smart Medical Implants : Key Trends and Opportunistic Frontiers
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Smart Medical Implants Market – Regional Analysis
The smart medical implant market is highly consolidated with the presence of a few market players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global smart medical implant market report:
Key Developments in the Smart Medical Implants Market
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Smart Medical Implants Market
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Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website : https://www.transparencymarketresearch.com Blog : https://tmrblog.com Email: [email protected]Transparency Market Research Inc. - CAGR of 18.1% For more insights into the Market, Request a Sample of this Report - Connect with our team of research specialists and unlock the optimal solution for driving your business growth Market Snapshot: Report Coverage Details Key Takeaways from the Market Study Smart Medical Implants : Key Trends and Opportunistic Frontiers For In-depth Competitive Analysis, Buy Now: Smart Medical Implants Market – Regional Analysis Competitive Landscape Key Developments in the Smart Medical Implants Market Medtronic Abbott Laboratories Request for Customization and Redefine Expectations: Smart Medical Implants Market Application End-user Region Read More Related Reports: About Transparency Market Research Contact: Nikhil Sawlani Website Blog Email: