Global smart implants market is anticipated to grow at a CAGR of 19.0% during the forecast period (2024-2031). A major factor supporting the growth of the market is the ongoing technological advancements in the smart implants market and the increasing preference for innovations in different surgery technologies among other contributing factors.

For instance, in July 2022, Spineway, a France-based spinal implant manufacturer acquired Spine Innovations for an undisclosed amount. The acquisition would help Spineway accelerate its innovation and growth and position itself as a leader in this segment. Spinal Innovations is a French manufacturer of spinal implants. 

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In February 2024, Exactech is partnering with Canadian medical device developer Statera Medical to design the world’s first smart reverse shoulder implant. A reverse total shoulder replacement is a type of shoulder surgery where a surgeon removes the damaged parts of the shoulder and replaces them with artificial parts. The companies said they are aiming to develop a smart implant that can help surgeons select the correct implant size and offset for a particular patient and provide the best balance of joint mobility and stability for all major joints. Furthermore, countries including the US, Canada, Japan, and other European countries are investing more in technologies to increase the market growth of smart implants.

Global Smart Implants Market Report Segment

By Product Type

             Orthopedic Smart Implants

o             Knee Arthroplasty

o             Hip Arthroplasty

o             Spine Fusion

o             Fracture Fixation

o             Others

Cardiovascular Smart Implants

  • Pacing Devices
  • Stents
  • Structural Cardiac Implants

Ophthalmic Smart Implants

  • Intraocular lens
  • Glaucoma Implants
  • Dental Smart Implants
  • Cosmetic Smart Implants
  • Others

By Surgery

  • Open
  • Minimally Invasive

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics
  • Ophthalmic Clinics
  • Dental Labs
  • Others

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Global Smart Implants Market Report Segment by Region

North America          

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific   

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

Company Profiles

·        ALEVA NEUROTHERAPEUTICS

·        SE & Co KG

·        Boston Scientific Corp.

·        Canary Medical Inc.

·        Cochlear Ltd.

·        Dexcom, Inc.

·        Edwards Lifesciences Corp.

·        IQ Implants USA

·        Medtronic Private Ltd.

·        Nevro Corp.

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