The global dental amalgam market is growing significantly, was valued at US$ 358.1 Mn in 2020 and expected to reach US$ 577.8 Mn by 2029. Increasing dental filling procedures, treatment with minimally invasive procedures along with the increasing prevalence of dental infection, tooth fractures, and tooth decay drives the overall dental amalgam market growth.
The hemodialysis and peritoneal dialysis market is valued at US$ 75,662.2 Mn in 2020 and is set to grow with a compounded annual growth rate (CAGR) of 6.2% during the forecast period from 2021 to 2029. According to the latest research citing of National Kidney Foundation 10% of the global population is suffering with chronic kidney disease eventually resulting into mortality of millions of people annually due to lack of access to effective treatment. People suffering with end stage renal disorders have 2 viable options such as kidney transplantation or dialysis. Elderly population in the developed regions receive kidney dialysis as a part of access to universal healthcare.
Breast implants are used for reconstruction or cosmetic purpose. Breast augmentation, also known as breast enlargement and augmentation mammoplasty has been gaining significant popularity during the last decades for the purpose of improving the size and shape of breasts. Growing fad of augmenting asthetic appeal, and increasing purchasing power are the key factors that are drawing demand for augmentation procedures worldwide.
The global fundus camera market held US$ 521.0 Mn in 2020 and expected to grow at compound annual growth rate (CAGR) of 6.3% during the forecast period from 2021 to 2029. Fundus camera is used for determining the structural documentation of the retina, which can be photographed directly as the pupil is used as both entrance and exit for the fundus camera's illuminating and imaging light rays. Ophthalmologist use the fundus camera to determine the etiology in the disease such as diabetic retinopathy, neoplasm of the choroid, cranial nerves and retina.
The medical aesthetics market is set to reach US$ 30 billion by 2029 from above US$ 11.5 billion in 2019 promoting outstanding growth at a compounded annual growth rate (CAGR) of 9.9 % during the forecast period from 2021 to 2029.
The dental bone graft substitute and other biomaterials market is set to reach US$ 2,337.8 Mn by 2029 from US$ 969.0 Mn in 2020 highlighting impressive growth at a compounded annual growth rate (CAGR) of 10.3% during the forecast period from 2021 to 2029. As per the statistics provided by the Global Burden of Disease Study (GBD) periodontitis is considered as the sixth most prevalent disease worldwide affecting approximately 743 million people worldwide. The global prevalence rate of periodontitis is 11.2%, factors responsible for the disease etiology are chewing of tobacco & betel nuts, craving for sugar candies and poor oral hygiene.
The global implant biomaterials market is growing steadily, valued at US$ 42.10 Bn in 2020 and expected to attain US$ 77.44 Bn by 2029. Worldwide growing adoption of orthopedic implants, dental and cardiovascular procedures, usage of advanced biomaterials along with preference for minimally invasive surgeries drive the growth of the market. Furthermore, the rising medical tourism in developing nations, growing healthcare expenditure, swift approval of new advanced biomaterials, and growing demand for customized implants in the dental segment are also fuelling the overall implant biomaterials market.
The dental consumables market refers to the sector that encompasses various dental products and materials used in dental procedures. These consumables are an integral part of dental practices and contribute to the overall revenue of the dental industry. The market is expected to witness a CAGR of 8.5% during the forecast period of 2025 to 2033, influenced by factors such as the growing prevalence of dental diseases, increasing dental awareness, advancements in dental technology, and the rise in cosmetic dentistry procedures.
Similar to the conventional prosthetics, neural prosthesis or neuroprosthesis are devices that restore or replace the function or a damaged part of the nervous system. Some of such neuroprostheses such as cochlear implant restore the sensory input with simulation to the nervous system. Retinal implant is another breakthrough sensory neuroprosthesis.
The cosmetic implants market is set to reach US$ 19,337.3 Mn by 2029 from US$ 9,836.4 Mn in 2020 performing steadily at a compounded annual growth rate (CAGR) of 7.8% during the forecast period from 2021 to 2029. According to International Society of Aesthetic Plastic Surgery (ISAPS) 2019 statistics, women continued to dominate the demand for cosmetic surgery with 20,362,655 surgeries performed throughout the globe accounting for 86.2%. The most popular cosmetic surgeries performed were liposuction, breast augmentation, eyelid surgery, abdominoplasty and breast lift.
The global market for medical devices is anticipated to increase at a CAGR of 5.5% from 2023 to 2030. An increasing number of patients are undergoing diagnostic and surgical treatments due to the increasing frequency of chronic diseases and the healthcare industry's emphasis on early detection and treatment. In developed and developing countries, the demand for medical devices, such as capital equipment and consumables, is fuelled by an increase in the number of hospitalizations and surgical and diagnostic procedures. Leading market participants are expanding their spending in R&D for the development of technologically improved equipment in order to meet the rising demand for novel devices. Over the projected period, the medical devices industry is anticipated to be bolstered by the rising investment of medical technology businesses in research and development, as well as by regulatory agencies' favorable clearance scenarios.
There are some limitations to wearable technology, including security and data privacy concerns. Despite these limitations, fitness trackers and activity monitors continue to enjoy a substantial market share due to their usability and benefits. The increased emphasis on fitness among adults worldwide and the increasing emphasis of regional and national healthcare agencies on monitoring and diagnosis have contributed significantly to the increase in demand for fitness trackers.
Although internet connectivity is essential for the transfer of patient data from remote devices to physicians, data security risks may impede the growth of the medical device market. Hence, this increases the risk of data security. The increasing use of connected devices increases the likelihood of data breaches or hackers. Almost 2,300 patients of Hammersmith Medicines Research had sensitive information including medical questionnaires, copies of their driver's licenses, passports, and national insurance numbers leaked in March 2020. On these patients, the research business was conducting trials for the COVID-19 vaccination.
Breakthroughs in medical technology have radically transformed patient care by enabling a greater emphasis on clinical outcomes. For instance, minimally invasive or non-invasive medical technology not only save recuperation time but decrease medical expenditures. The expansion of the markets for telemedicine and drug-eluting stents exemplifies the expanding trend in modern medicine to use cutting-edge technology to improve therapeutic outcomes.
Acute Market Reports is a market research and strategic advisory company that focuses on the ammunition and defense industries specifically as its primary areas of expertise. Our customers are able to reap the benefits of Acute Market Reports' futuristic research methodology, which enables them to make well-timed and well-considered decisions regarding their businesses. In order to deliver cutting-edge strategic research solutions to our international clients, we work closely with a wide range of stakeholders in the industry.
