The global next generation implants (NGI) market is expected to reach a market size of USD 4.45 Billion in 2028 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. Increasing global geriatric population with rising age-related bone diseases is a key factor driving demand for next generation implants. Major companies are focusing on development of next generation medical implants such as cardiac devices, retinal implants, neurostimulators, and blood pressure sensors, which can bring improvements in patients’ lives and help them to continue their daily activities with least amount of discomfort.
Implantation devices currently available in the market are comparatively smaller in size and offer more functionality and sensitivity than earlier devices due to rapid technological advancements in the medical sector. Smaller-sized devices are more lightweight and consume less energy and offer higher level of comfort for patients. These devices are also an important tool for doctors to monitor and offer diagnosis and treatment in a more customized manner. Next generation implants are primarily based on wireless technology, especially for charging. The implanted device can also be wirelessly connected with other devices to display status and generated data.
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Global Next Generation Implants (NGI) Market Report – Segmental Analysis:
The global Next Generation Implants (NGI) business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Next Generation Implants (NGI) business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
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
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Academic and Research InstitutesKey Geographies Profiled in the Report:
- North America(the U.S., Mexico, and Canada)
- Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
- Europe(the U.K., France, Germany, and Rest of Europe)
- Latin America(Brazil and Rest of Latin America)
- Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
Competitive Outlook:
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Next Generation Implants (NGI) market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions. The key industry participants include:
- Abbott Laboratories
- Smith & Nephew plc
- Johnson & Johnson
- Boston Scientific Corporation
- R. Bard Inc.
- Medtronic Public Limited Company
- Wright Medical Group N.V
- Stryker Corporation
- Globus Medical Inc.
- DENTSPLY SIRONA Inc.
- Zimmer Biomet Holdings Inc.
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Key Objectives of the Global Next Generation Implants (NGI) Market Report:
- In April 2019, Biotronik launched Acticor DX and CRT-DX Devices. The new ICD Acticor system offers dual-chamber diagnostics without any requirement of an atrial lead.
- The orthopedic implants segment in the global next generation implants market is expected to register a steady revenue CAGR during forecast period. Rising prevalence of bone-related issues and conditions is a key factor fueling demand for orthopedic implants.
- The market in Europe accounted for second-largest market share in 2020. Key factors such as growing focus of advanced technologies and increasing aging population are propelling growth of the market in the region.
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The report, additionally, presents a comprehensive analysis of the key elements of the Next Generation Implants (NGI) market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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