Global next generation implants market to hit $3.9B in 2023: 6 points

Spinal Tech

The global next generation implants market is set to hit $3.9 billion by 2023, according to a BIS Research analysis.

Here are six points:


1. The market was worth $1.2 billion in 2016.


2. Technological advancements — like subcutaneous implantable cardioverter-defibrillators, bioabsorbable stents, personalized joint replacements and leadless pacemakers — are spurring the next generation implants market growth.


3. Minimally invasive procedures and 3-D printed technology are also boosting the market.


4. North America led the market because of an increasing geriatric population and greater disease prevalence.


5. The global conventional medical implants market will likely reach $106.9 billion by 2023.


6. In 2016, the orthopedic segment dominated the conventional implant market, accounting for $34.74 billion.


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