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.
Cosmetic dentistry has emerged as one of the dynamic sectors within dental care, offering a plethora of treatments ranging from basic color correction to teeth replacement. The appeal of an enhanced smile and the advances in dental technology have ensured that cosmetic dentistry has remained in high demand. Cosmetic dentistry marketis estimated to grow at a CAGR of 13.3% from 2025 to 2033.
The global dental restorative supplies market is growing significantly, was valued at US$ 4568.4 Mn in 2020 and expected to attain US$ 7,886.1 Mn by 2029. Worldwide growing dental procedures, treatment with advanced restorative materials and minimally invasive therapies along with growing prevalence of tooth decay, loss of a tooth, and dental infection among children drives the overall market growth during the forecast period. For instance, as indicated by the Oral Health Foundation, from 2010 to 2015 more than 20% of the young population were admitted in dental hospitals & clinics because of dental caries.
The global external fixators market accounted for a value of US$ 724.6 Mn in 2017 and expected to attain US$ 1,653.0 Mn by 2026. Growth drivers of the market are globally surge in the number of road accidents & sports-related injuries, growing elderly population base along with rising incidence of limb deformities, introduction of technologically advanced external fixators, and increasing preference for minimally invasive surgeries (MISs).
The coronary stents market is set to reach US$ 15,016.2 Mn by 2033 from US$ 8031.9 Mn in 2021 promising impressive growth at a compound annual growth rate (CAGR) of 7.3% during the forecast period from 2025 to 2033. According to the research citing’s of World Health Organization (WHO) 2016 report, cardiovascular disease is responsible for the death of 17.7 million people throughout the globe.
Wearable devices recorded the sale of 130.8 Mn units in 2017 and projected to witness the double-digit growth of 16.5% from 2018 to 2026. Wearable devices can be defined as clothing or accessories with advanced technologies that includes products such as smart watches, fitness & activity tracker, smart eyewear, smart clothing, medical devices, and others.
The endodontic devices market is set to reach US$ 2,296.6 Mn by 2026 from US$ 1,460.3 Mn in 2017 at a compounded annual growth rate (CAGR) of 5.2% during the forecast period from 2018 to 2026. According to Center for Disease Control and Prevention (CDC), every adult will suffer with tooth decay once in a lifetime. Craving to sugary food, carbonated drinks, chewing of tobacco & betel nut products and excessive consumption of alcohol result in the deterioration of teeth and gums. Brushing of teeth twice a day, floss once a day and preference for a fluoride toothpaste enhances dental health and prevents dental cavities and plaque.
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.
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