Press Release Description
Germany to Characterize Lucrative Prospects for Smart Implants During 2023-28
The Germany Smart Implants Market is projected to grow at a CAGR of 9.0% in the forecast period of 2022-27, cites MarkNtel Advisors in the recent research report. The rapidly changing dynamics in terms of innovative technologies have led Germany to emerge as one of the fastest-growing smart implants markets during the forecast period, says the report. Such remarkable growth projection can be traced back to the country’s phenomenal past as a hub for R&D and clinical trials accompanying robust medical technologies. Further, the transcending burden of orthopedic disorders like Carpal Tunnel Syndrome, tumors, etc., instills the need for more pervasive & personalized patient care in the coming years. As such, minimally-invasive implant methods have gained popularity in the past few years. The industry is further pushed by the amassed adoption of computer-guided implant surgeries in order to ensure secure stabilization while improving predictability. Other than this, ongoing innovations in control monitoring, wireless communication technology, and implant assessment techniques have also stimulated industry growth pan Germany, further states the research report.
Highly Regarded Total Knee Arthroplasty(TKA) In Germany Prompts Orthopedic Implants
Orthopedic implants are expected to occupy the leading position, among others, in the market during the forecast period. The segment’s success is attributable to the burgeoning number of orthopedic surgeries due to escalating knee & hip disorder cases across the nation. As a result, TKA (Total Knee Arthroplasty), Total Hip Arthroplasty, and UKA (Unicompartmental Knee Arthroplasty) are among the most preferred surgeries in the historical period. In addition, primary TKA is the top choice for elderly patients with chronic knee inflammation, knee deformity, or osteoarthritis that leads to severely damaged knee joints.
The market is broadly fragmented on the basis of Product Type, Material, and End Users. Further classification of Product Type includes Orthopedic Implants (such as Hip Reconstruction, Knee Reconstruction, Shoulder Implants, Spinal Implants, and Trauma Implants), Dental Implants, Cardiovascular Implants, Cochlear Implants, and Others such as Ocular, Nasal, etc. Based on Material, the industry is segmented into Bone Cement (PMMA or Polymethyl Methacrylate), Surgical Mesh, Titanium, Zirconium, Polyethylene, Others including Polyurethane Foam, Silicone, etc. On the basis of End User, the market is categorized into Hospitals, Specialty Centers, Ambulatory Surgery Centers, and Clinics.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Abbott, AstraZeneca, Boston Scientific Medizintechnik GmbH, Cochlear Ltd., Biotronik, Integra LifeSciences, Johnson & Johnson Services Inc., Medtronic GmbH, Nevro Corp., Neuropace, Inc., Others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends that have shaped the industry to its current form?
- What key factors would propel and impede the Smart Implants industry across Germany?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition shaped across various countries, followed by their comparative factorial indexing?
- How have buying behavior, customer inclination, and expectations from Smart Implants manufacturers evolved during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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