Medical Implant Market

Medical Implant Market

Medical Implant Market Forecasts to 2030 - Global Analysis By Product (Orthopedic Implants, Cardiovascular Implants, Ophthalmic Implants, Breast Implants, Dental Implants and Other Products), Material (Ceramic Biomaterial, Natural Biomaterial, Polymers Biomaterial, Metallic Biomaterial and Other Materials), End User and By Geography

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Published: 2024 ID: SMRC25139

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $98.5 BN

Projected Year Value (2030)

US $182.5 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Medical Implant Market is accounted for $98.5 billion in 2023 and is expected to reach $182.5 billion by 2030 growing at a CAGR of 9.2% during the forecast period. The medical implant market is designed to be surgically placed within the body to replace or support damaged biological structures, enhance bodily functions, or monitor health conditions. Implantable medical devices serve diverse purposes, such as restoring organ function, managing chronic diseases, and improving mobility. Additionally, cochlear implants help restore hearing, while insulin pumps aid in diabetes management. These devices not only contribute to extending and improving lives but also enable patients to regain functionality.

According to the report published by the American Cancer Society in 2023, 297,790 new cases of invasive breast cancer will be diagnosed in women in the United States compared to 287,850 new breast cancer cases in 2022. According to the Aesthetic Society Statistics, in 2021, there were 147,684 breast implant removal/replacement procedures constituting 6% of surgical revenue.

Market Dynamics: 


Growing healthcare expenditures

As nations allocate substantial financial resources to enhance healthcare infrastructure and services, there is a parallel increase in the accessibility and adoption of advanced medical technologies, including implantable devices. With a growing emphasis on providing high-quality healthcare, the rise in healthcare expenditures signifies a commitment to advancing medical interventions, and implantable devices, in particular, become integral components in delivering sophisticated, effective, and often life-enhancing solutions for a range of medical conditions.


High cost

The intricate research, development, and manufacturing processes, coupled with the need for stringent regulatory approvals, contribute to elevated production costs. Consequently, these expenses are often transferred to healthcare providers and, ultimately, patients, making implantable solutions financially burdensome. This high economic barrier limits the accessibility of medical implants, particularly in regions with constrained healthcare budgets, and may deter patients from pursuing these advanced treatment options. However, the cost factor exacerbates existing healthcare disparities, as individuals with limited financial means may face challenges in accessing cutting-edge implantable devices.


Patient preference for implantable solutions

Patients are opting for implantable devices over traditional treatment modalities due to the perceived advantages they offer in terms of improved quality of life and long-term therapeutic benefits. Patients appreciate the potential for enhanced functionality and mobility that many implants provide, whether it is artificial joints for orthopedic conditions or neurostimulators for chronic pain management. Additionally, the growing acceptance of cosmetic implants, such as breast implants or dental prosthetics, reflects a broader societal shift towards embracing medical interventions that contribute to overall well-being and self-esteem.


Risk of complications and failures

Patients and healthcare providers alike are often cautious about the potential adverse outcomes associated with implant procedures, ranging from device malfunctions to post-operative complications. Concerns about the safety and efficacy of medical implants can lead to hesitancy among both patients and healthcare professionals, thereby impeding the widespread adoption of these technologies. However, instances of device failures or complications can not only result in harm to patients but may also trigger legal and regulatory scrutiny, further dampening market.

Covid-19 Impact: 

The immediate disruption caused by the global health crisis led to elective surgeries being postponed or canceled, affecting the demand for various medical implants. Hospitals and healthcare facilities shifted their focus and resources towards managing the surge in Covid-19 cases, diverting attention from non-urgent procedures. However, supply chain disruptions, restrictions on movement, and manufacturing slowdowns also hampered the production and distribution of medical implants.

The orthopedic implants segment is expected to be the largest during the forecast period

Due to the rising incidence of orthopedic conditions such as osteoarthritis, fractures, and musculoskeletal disorders, coupled with an aging global population, Orthopedic Implants segment is expected to hold the largest share over the projection period. As individuals seek enhanced mobility and improved quality of life, the demand for orthopedic implants, including joint replacements and spinal implants, has surged. Furthermore, the increasing trend towards minimally invasive surgical procedures has further fueled the demand for orthopedic implants, as these procedures often involve shorter recovery times and reduced post-operative complications.

The ambulatory surgical centers segment is expected to have the highest CAGR during the forecast period

Due to a shift in healthcare delivery by providing a more cost-effective, efficient, and patient-centric alternative to traditional hospital settings, Ambulatory Surgical Centers segment is poised to witness lucrative growth during the extrapolated period. Patients increasingly prefer ASCs for their convenience, quicker turnaround times, and lower infection risks compared to traditional hospitals. The demand for medical implants in ASCs is further fueled by the evolving landscape of healthcare, emphasizing personalized and specialized care.

Region with largest share:

Owing to a combination of advanced healthcare infrastructure and a rapidly aging population, North America commanded the largest share of the market throughout the extrapolated period. The country's well-established healthcare system, coupled with a favorable reimbursement landscape, encourages the adoption of cutting-edge implant technologies. Moreover, strategic collaborations between healthcare providers, manufacturers, and regulatory bodies facilitate efficient approval processes, ensuring timely market entry for new and improved medical implants.

Region with highest CAGR:

Asia Pacific region is estimated to witness profitable growth throughout the forecast period. Rapid economic development and a growing focus on technological advancements contribute to the region's prominence. In particular, the rising middle-class population, coupled with improved healthcare awareness, has led to an escalating demand for medical implants across various therapeutic areas. Regulatory bodies in countries such as China, India, and Japan are actively working to streamline approval processes, ensuring that innovative and safe medical implants enter the market efficiently.

Key players in the market

Some of the key players in Medical Implant market include 3M Company, Abbott Laboratories, Biotronik, Inc, Boston Scientific Corporation, Institut Straumann AG, Johnson & Johnson Medical GmbH, Livanova Plc, Medtronic plc, Novartis International AG, Smith & Nephew plc and Stryker Corporation.

Key Developments:

In March 2023, Miach Orthopaedics, Inc. entered a distribution agreement with Veteran's Health Medical Supply (VHMS). The agreement provides customers in 236 Department of Defense (DOD) and Department of Veterans Affairs (VA) healthcare facilities access to the Bridge Enhanced ACL Restoration (BEAR) Implant via the ECAT federal contract.

In February 2023, CurvaFix, Inc. launched its smaller-diameter, 7.5mm CurvaFix IM Implant, designed to simplify surgery and provide strong, stable fixation in small-boned patients.

In April 2022, 3M presently declared that it has gained the technology assets of LeanTec. The acquisition displays 3M's dedication to its ""connected bodyshop"". The LeanTec technology augments 3M™ RepairStack™ Performance Solutions.

In February 2022, Abbott declared the world's earliest patient implants of a dual-chamber leadless pacemaker system as part of its AVEIR DR i2i™ pivotal clinical investigation. The implant of Abbott's investigational Aveir™ dual-chamber leadless pacemaker depicts a considerable technological milestone for leadless pacing technology.

Products Covered:
• Orthopedic Implants
• Cardiovascular Implants
• Ophthalmic Implants
• Breast Implants
• Dental Implants
• Other Products 

Materials Covered:
• Ceramic Biomaterial
• Natural Biomaterial
• Polymers Biomaterial
• Metallic Biomaterial
• Other Materials

End Users Covered:
• Hospitals
• Ambulatory Surgical Centers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Product Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
5 Global Medical Implant Market, By Product       
 5.1 Introduction      
 5.2 Orthopedic Implants      
  5.2.1 Hip Orthopaedic Device     
  5.2.2 Joint Reconstruction     
  5.2.3 Knee Orthopedic Devices     
  5.2.4 Spine Orthopedic Devices     
  5.2.5 Other Orthopedic Implants     
 5.3 Cardiovascular Implants      
  5.3.1 Structural Cardiac Implants     
  5.3.2 Pacing Devices     
  5.3.3 Other Cardiovascular Implants     
 5.4 Ophthalmic Implants      
  5.4.1 Glaucoma Implants     
  5.4.2 Intraocular Lens     
  5.4.3 Other Ophthalmic Implants     
 5.5 Breast Implants      
 5.6 Dental Implants      
 5.7 Other Products      
6 Global Medical Implant Market, By Material       
 6.1 Introduction      
 6.2 Ceramic Biomaterial      
 6.3 Natural Biomaterial      
 6.4 Polymers Biomaterial      
 6.5 Metallic Biomaterial      
 6.6 Other Materials      
7 Global Medical Implant Market, By End User       
 7.1 Introduction      
 7.2 Hospitals      
 7.3 Ambulatory Surgical Centers      
 7.4 Other End Users      
8 Global Medical Implant Market, By Geography       
 8.1 Introduction      
 8.2 North America      
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico     
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe     
 8.4 Asia Pacific      
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia     
  8.4.5 New Zealand     
  8.4.6 South Korea     
  8.4.7 Rest of Asia Pacific     
 8.5 South America      
  8.5.1 Argentina     
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America     
 8.6 Middle East & Africa      
  8.6.1 Saudi Arabia     
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa     
  8.6.5 Rest of Middle East & Africa     
9 Key Developments       
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 9.2 Acquisitions & Mergers      
 9.3 New Product Launch      
 9.4 Expansions      
 9.5 Other Key Strategies      
10 Company Profiling       
 10.1 3M Company      
 10.2 Abbott Laboratories      
 10.3 Biotronik, Inc      
 10.4 Boston Scientific Corporation      
 10.5 Institut Straumann AG      
 10.6 Johnson & Johnson Medical GmbH      
 10.7 Livanova Plc      
 10.8 Medtronic plc      
 10.9 Novartis International AG      
 10.10 Smith & Nephew plc      
 10.11 Stryker Corporation      
List of Tables        
1 Global Medical Implant Market Outlook, By Region (2021-2030) ($MN)       
2 Global Medical Implant Market Outlook, By Product (2021-2030) ($MN)       
3 Global Medical Implant Market Outlook, By Orthopedic Implants (2021-2030) ($MN)       
4 Global Medical Implant Market Outlook, By Hip Orthopaedic Device (2021-2030) ($MN)       
5 Global Medical Implant Market Outlook, By Joint Reconstruction (2021-2030) ($MN)       
6 Global Medical Implant Market Outlook, By Knee Orthopedic Devices (2021-2030) ($MN)       
7 Global Medical Implant Market Outlook, By Spine Orthopedic Devices (2021-2030) ($MN)       
8 Global Medical Implant Market Outlook, By Other Orthopedic Implants (2021-2030) ($MN)       
9 Global Medical Implant Market Outlook, By Cardiovascular Implants (2021-2030) ($MN)       
10 Global Medical Implant Market Outlook, By Structural Cardiac Implants (2021-2030) ($MN)       
11 Global Medical Implant Market Outlook, By Pacing Devices (2021-2030) ($MN)       
12 Global Medical Implant Market Outlook, By Other Cardiovascular Implants (2021-2030) ($MN)       
13 Global Medical Implant Market Outlook, By Ophthalmic Implants (2021-2030) ($MN)       
14 Global Medical Implant Market Outlook, By Glaucoma Implants (2021-2030) ($MN)       
15 Global Medical Implant Market Outlook, By Intraocular Lens (2021-2030) ($MN)       
16 Global Medical Implant Market Outlook, By Other Ophthalmic Implants (2021-2030) ($MN)       
17 Global Medical Implant Market Outlook, By Breast Implants (2021-2030) ($MN)       
18 Global Medical Implant Market Outlook, By Dental Implants (2021-2030) ($MN)       
19 Global Medical Implant Market Outlook, By Other Products (2021-2030) ($MN)       
20 Global Medical Implant Market Outlook, By Material (2021-2030) ($MN)       
21 Global Medical Implant Market Outlook, By Ceramic Biomaterial (2021-2030) ($MN)       
22 Global Medical Implant Market Outlook, By Natural Biomaterial (2021-2030) ($MN)       
23 Global Medical Implant Market Outlook, By Polymers Biomaterial (2021-2030) ($MN)       
24 Global Medical Implant Market Outlook, By Metallic Biomaterial (2021-2030) ($MN)       
25 Global Medical Implant Market Outlook, By Other Materials (2021-2030) ($MN)       
26 Global Medical Implant Market Outlook, By End User (2021-2030) ($MN)       
27 Global Medical Implant Market Outlook, By Hospitals (2021-2030) ($MN)       
28 Global Medical Implant Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)       
29 Global Medical Implant Market Outlook, By Other End Users (2021-2030) ($MN)       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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