Implantable Medical Devices Market at a CAGR of 4.6 % from 2022 to 2030

According to the report, the global implantable medical devices market was valued at US$ 37,700.8 Mn in 2018 and is anticipated to expand at a CAGR of 4.6 % from 2019 to 2027. In terms of volume, the global implantable medical devices were accounted at 10,712,732 units in 2018.

The key growth drivers for the global implantable medical devices market include factors such as rising incidence of cardiovascular and neurological illnesses and aging population. In addition to that, investments to create technologically sophisticated products along with wider applications of neurostimulators are likely to drive sales in the global market. Besides, and attractive reimbursement situations for ENT surgeries in developed nations is expected to boost market growth.

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The global implantable medical devices market is expected to develop owing to a rise in chronic illnesses and improvements in active implanted medical devices. However, the industry is expected to be hampered by increased demand for non-invasive treatments, difficulties with implanted devices, and the high cost of the devices.

Single-chamber, biventricular pacemakers, and dual-chamber are the three main types of implanted pacemakers. The segment’s rise can be ascribed to factors including less post-surgical problems and the existence of several leads to ensure normal cardiac physiology.

According to the American College of Cardiology, cardiovascular disease claimed the lives of 800,000 Americans in 2017. Every 40 seconds, one person in the US dies from cardiovascular disease. The most common cause of CVD mortality is coronary heart disease (CHD), trailed by heart failure and stroke. Every year, cardiovascular disease (CVD) kills 3.9 million people in Europe and over 1.8 million people in the European Union, as per the European Heart Network (EU). The implanted pacemaker market is expanding rapidly, given the increasing spending on healthcare research and development and rising R&D trends in developing markets.

The key factors that are likely to drive expansion of the global implantable medical devices market are attractive reimbursement situations, increasing prevalence of cardiovascular illnesses, and high rate of obesity rates. Congestive heart failure affects approximately 5.7 million persons in the US, as per the American Heart Association (AHA).

Heart failure is likely to emerge as a contributing factor in around one out of every nine fatalities. As per the Centers for Disease Control and Prevention (CDC), atrial fibrillation, the most prevalent kind of irregular cardiac rhythm, affects more than three million people in the US. In addition, as the aging population increases, the number is predicted to treble by 2050.

The global Implantable Medical Devices market for the historical period 2017–2018 and forecast period 2019–2027. Increase in prevalence of coronary arterial diseases (CADs), rise in demand for minimally invasive procedures and rise in geriatric population are projected to drive the global market during the forecast period.

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According to the report, the global implantable medical devices market was valued at US$ 37,700.8 Mn in 2018 and is anticipated to expand at a CAGR of 4.6 % from 2019 to 2027. In terms of volume, the global implantable medical devices were accounted at 10,712,732 units in 2018.

Rise in prevalence of coronary arterial diseases (CADs): Key Drivers

The number of patients suffering from chronic degenerative ailments such as arthritis and chronic cardiac disease is increasing rapidly

In many instances patients cannot be cured by pharmacological treatments. These implants can prove to be life savers. The baby boomers have increased with time. This will lead to high prevalence of chronic degenerative diseases, which in turn will increase demand for implantable devices

Rising incidences of Dental Problems: Key Drivers

Intake of junk/unhealthy food has increased across the globe in the past few years. This has had an adverse effect on the population’s overall health and even dental health. Hence, people are opting for dental implants. The dental implants are also utilized in orthodontics and periodontics as well.

 Increase in Usage of Substitute Materials for Implants to Hamper Market

Development of substitutes of traditional materials used in the manufacture of implants will lead to intense competition among companies that manufacture medical implants. Ultra-high molecular weight polyethylene (UHMWE) or high density polyethylene are popularly being used in orthopedic implants

Global Implantable Medical Devices Market: Competitive Landscape

This report profiles major players in the global implantable medical devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global implantable medical devices market is highly fragmented, with the presence of a number of international as well as regional players

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Leading players operating in the global Implantable Medical Devices market are

  • Abbott
  • Boston Scientific Corporation
  • Danaher Corporation
  • Dentsply Sirona
  • Institut Straumann AG
  • Johnson & Johnson Services Inc
  • Medtronic
  • Smith & Nephew
  • Stryker
  • Terumo Corporation
  • Zimmer Biomet

Key Questions Answered in Global Implantable Medical Devices Market Report

  • What is the scope of product companies in the global implantable medical devices market?
  • What will be the Y-o-Y growth of the global implantable medical devices market between 2019 and 2027?
  • How many implantable medical devices were used in 2018 across the globe?
  • What is the influence of changing trends in technologies on the global implantable medical devices market?
  • Will North America continue to be the most profitable market for implantable medical devices providers?
  • Which factors are anticipated to hamper the growth of the global implantable medical devices market during the forecast period?
  • Which are the leading companies in the global implantable medical devices market?

Global Implantable Medical Devices Market – Segmentation

Product

  • Orthopedic Implants
  • Spinal Implants
  • Thoraco-lumbar Implants
  • Inter-vertebral Spacers
  • Non-bone Implants
  • Reconstructive Joint Replacement
  • Shoulder Implants
  • Elbow Implants
  • Ankle Implants
  • Hip Implants
  • Knee Implants
  • Dental Implants
  • Cardiovascular Implants

Material

  • Stainless Steel
  • Cobalt-Chromium Alloys
  • Titanium
  • Titanium Alloys
  • Zirconium

End-user

  • Hospitals
  • 500+ Beds
  • 200-499 Beds
  • Less than 200 Beds
  • Ambulatory Surgery Centers

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

2.1. Assumptions

2.2. Acronyms Used

2.3. Research Methodology

3. Executive Summary

3.1. Global Implantable Medical Devices Market Value (US$ Mn)

3.2. Global Implantable Medical Devices Market Volume (Units)

4. Market Overview

4.1. Product Overview

4.2. Implantable Devices Market Value (US$ Mn), by Product Type, 2018

4.3. Implantable Devices Market Value (US$ Mn), by Material, 2018

4.4. Market Opportunity Map

5. Market Dynamics

5.1. Drivers and Restraints Snapshot Analysis

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Global Implantable Medical Devices Market Size (Revenue and Volume)

5.6. Porter’s Five Forces Analysis

5.7. Implantable Medical Devices Market Outlook

6. Global Implantable Medical Devices Market Analysis, by Product Type

6.1. Key Findings

6.2. Introduction

6.3. Global Implantable Medical Devices Market Value (US$ Mn) and Volume (Units) Forecast, by Product Type, 2017–2027

6.3.1. Orthopedic Implants

6.3.1.1. Spinal Implants

6.3.1.1.1. Thoraco-lumbar Implants

6.3.1.1.2. Inter-vertebral Spacers

6.3.1.1.3. Non-bone Implants

6.3.1.2. Reconstructive Joint Replacement

6.3.1.2.1. Shoulder Implants

6.3.1.2.2. Elbow Implants

6.3.1.2.3. Ankle Implants

6.3.1.2.4. Hip Implants

6.3.1.2.5. Knee Implants

6.3.2. Dental Implants

6.3.3. Cardiovascular Implants

6.4. Global Implantable Medical Devices Market Attractiveness Analysis, by Product Type

6.5. Key Trends

7. Global Implantable Medical Devices Market Analysis, by Material

7.1. Key Findings

7.2. Introduction

7.3. Global Implantable Medical Devices Market Value (US$ Mn) and Volume (Units) Forecast, by Material

7.3.1. Stainless Steel

7.3.2. Cobalt Chromium Alloy

7.3.3. Titanium Implants

7.3.4. Titanium Alloy

7.3.5. Zirconium

7.4. Global Implantable Medical Devices Market Attractiveness Analysis, by Material

7.5. Key Trends

8. Global Implantable Medical Devices Market Analysis, by End-user

8.1. Key Findings

8.2. Introduction

8.3. Global Implantable Medical Devices Market Value (US$ Mn) and Volume (Units) Forecast, by End-user

8.3.1. Hospitals

8.3.1.1. +500 Beds

8.3.1.2. 200-499 Beds

8.3.1.3. Less than 200 Beds

8.3.2. Ambulatory Surgery Centers (ASCs)

8.3.3. Clinics

8.4. Global Implantable Medical Devices Market Attractiveness Analysis, by End-user

9. Global Implantable Medical Devices Market Analysis, by Region

……

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