Press Releases

Smart Implants Market Size to Ascend $22.5 Bn by 2032

Smart Implants Market Report Highlights:

  • The global smart implants market size was valued at USD 4.1 billion in 2022.
  • Estimated to become USD 22.5 billion market by 2032.
  • Projected to grow at a 18.2% of CAGR.
  • The cardiac rhythm management segment by application ruled the market with a 35.2% market share in 2022.
  • The orthopaedic implants by implant type to boast a robust 17.4% CAGR between 2023-2032.

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According to the November 2021 estimates, around 8000,000 knee replacement surgeries are performed annually in the U.S., creating a potential market for smart implants.

Smart implants are modern medical devices with built-in sensors capable of monitoring, diagnosing and treating various medical conditions. The rise of smart implants marks the start of a fascinating new medical era. These next-generation devices go beyond typical implants by combining sensors, microprocessors and even artificial intelligence (AI), allowing them to interact with the body in real time and provide valuable data to patients and healthcare providers. The devices connect with the body and deliver real-time data to the patient and their healthcare professional. They use sensors, microprocessors and other electronic components to assess pressure, force, strain, stress, displacement, proximity and temperature within the body. This technology enables medical professionals to make more informed judgments about patient care and treatment by monitoring the implant’s health and function. Smart implants serve as a helpful tool to enhance patient experiences after implant surgery since they offer continuous monitoring and assist patients in managing their recovery. Furthermore, smart implants can potentially accelerate the shift to more individualised medical care. However, developing and using these devices involves a variety of technical, safety, regulatory, financial, and privacy difficulties that must be overcome before they can be broadly utilised.

Persona IQ, the World’s First Smart Knee

Zimmer Biomet Holdings, Inc. and Canary Medical disclosed FDA approval of the world’s first smart knee Persona IQ, which combines Zimmer Biomet’s successful Persona knee with Canary sensor technology and measures range of motion, steps, speed and other gait data. This data is fed into Zimmer Biomet’s mymobility platform, which provides surgeons and patients with crucial post-operative progress information.

Key features of Persona IQ

  • Persona IQ measures key recovery metrics through a sensor implanted in the knee.
  • Data transmits wirelessly to a home base station and feeds into the cloud-based mymobility platform.
  • Surgeons can compare pre-op (mymobility) and post-op (Persona IQ) data for informed care decisions.
  • Patients gain access to their mobility data, empowering them in their recovery journey.
  • Persona IQ marks the first in a planned Zimmer Biomet smart implant technology portfolio.

Persona IQ is only the beginning. Exciting advances in smart implant technology have enormous potential for the future of orthopaedic care. As the field of digital health evolves, Persona IQ represents a crucial step toward customized and data-driven joint replacement surgery.

Real-time Monitoring with Sensors

The combination of smart implants and real-time monitoring offers a transformational future for healthcare, reducing the boundary between medicine and technology. Imagine a world in which sensors in your body smoothly communicate minute-by-minute data, providing doctors and patients with unique insights into health and wellness. Continuous monitoring allows clinicians to take action proactively, identifying health risks before symptoms appear. Imagine implants that detect early signs of diabetes or forecast heart arrhythmias, saving lives through prompt treatment. This ongoing data stream also powers personalised therapy therapies, which adjust medications to specific needs and reactions. Medication effectiveness and stimulation settings for chronic illnesses such as Parkinson’s can be modified in real time to optimise outcomes.

Treating chronic conditions from the comfort of one’s home has become possible with the advent of remote patient monitoring. Smart implants can monitor activity levels and therapeutic adherence, alert doctors about potential issues and enable remote care. This, in turn, ultimately reduces hospital visits for follow-up and enhances the quality of patients’ lives, offering ease of treatment. Continuous monitoring enables the early diagnosis of health concerns before symptoms arise. Imagine implants that detect pre-diabetic blood sugar variations or forecast heart arrhythmias before they become life-threatening. This preemptive strategy could avoid several issues and save lives.

Personalized Therapy

  • Your diabetes implant regulates your insulin pump in real-time based on your blood sugar level, allowing you to maintain a balance throughout the day.
  • Deep brain stimulation for Parkinson’s disease can be fine-tuned in real time, allowing for exact parameters to minimize tremors and enhance mobility while reducing adverse effects.
  • Chemotherapy treatment is customized to your reaction, limiting damage while boosting efficacy versus the particular type of cancer.

These are only a few possibilities with smart implants. Doctors can easily shift from a one-size-fits-all approach towards personalized care to managing individual patient needs in real time with constant data feeds from smart implants. This level of personalization can transform chronic illness management, enhance treatment outcomes and enable patients to take an active role in their healthcare. However, everything is not perfect. Concerns about data privacy, ethics and accessibility must be handled thoughtfully. We must ensure everyone can access this life-changing technology regardless of economic circumstances. And, of course, we must strike the proper balance between individualized medical data and keeping a healthy relationship with our bodies. The future of personalized medicine with smart implants is overflowing with possibilities, and facing these issues head-on will be critical to realizing its full potential for everyone.

Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/smart-implants-market-size

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Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.

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Elena Morales

Elena Morales is a healthcare industry expert working at Healthcare Web Wire Consulting Firm, a subsidiary of Towards Healthcare. With her excellent knowledge of the field, Elena helps clients optimize their operations and navigate healthcare regulations. She's dedicated to staying updated on industry trends to make a positive impact on patient care. Elena is known for her professionalism and commitment to excellence, making her a valuable asset to any team.

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