Implantable Medical Devices Market Size, Share, Trends, Growth, and Forecast 2021-2027

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This report focuses on the global Implantable medical devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Implantable medical devices market development in United States, Europe and China.

The global implantable medical devices market size surpassed at US$ 37.8 billion in 2019 and to reach US$ 60 billion by 2027 with a CAGR of 4.7% from 2020 to 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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In this study, the years considered to estimate the market size of Implantable medical devices are as follows:

  • History Year: 2019-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2027


  • An implantable device, according to the U.S. FDA, is “a device that is placed into a surgically or naturally formed cavity of the human body, if it is intended to remain there for a period of 30 days or more”.
  • Metals and their alloys have been utilized in the manufacture of implants since the development of first implantable device
  • Rise in demand for minimally invasive procedures, aging population, high obesity rates, and high purchasing power of the population are anticipated to drive demand for implantable medical devices during the forecast period.
  •  North America dominated the global implantable medical devices market in 2019 and the trend is anticipated to continue during the forecast period. Well-established health care infrastructure, availability of reimbursements, and introduction of the Affordable Care Act in the U.S. are expected to drive the market in North America.
  • Asia Pacific is likely to be a highly lucrative market for implantable medical devices and it is expected to expand at a high CAGR during the forecast period

Rise in Demand for Minimally Invasive Procedures to Driven the Market

  • Patients prefer minimally invasive surgery as it includes lesser post-surgery complications and side effects, and shorter recovery time. Therefore, minimal invasive nature of interventional cardiology acts as a driver of the market
  • The minimal invasive nature of these surgery procedures influences the decision making of patients to undergo interventional cardiac treatments

Orthopedic Implants Segment Accounted for Significant Market Share

  • In terms of product type, the global implantable medical devices market has been segmented into orthopedic implants, dental implants and cardiovascular implants. The orthopedic implants segment is categorized into spinal implants and reconstructive joint replacement implants. The spinal implants segment is further divide into thoraco-lumbar implants, inter-vertebral spacers and non-bone implants. The reconstructive joint replacement segment is further divide into shoulder implants, elbow implants, ankle implants, hip implants, and knee implants
  • The orthopedic implants segment is expected to continue to lead the market from 2020 to 2027 due to increase in geriatric population, changing lifestyles leading to a high prevalence of obesity and high acceptance of implants such as knee & hip reconstructive joint replacement implants

Titanium Segment Accounted for Significant Market Share

  • In terms of material, the global implantable medical devices market has been segmented into stainless steel, cobalt chromium (CoCr) alloy titanium, titanium alloy, and zirconium
  • The titanium segment held the largest share of the global implantable medical devices market in terms of revenue in 2019 owing to increase in utilization of titanium in the implantable products

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Clinics to be Promising Segment

  • In terms of end-user, the global implantable medical devices market has been classified into hospitals, ambulatory surgical centers, and clinics. The hospitals segment held major share of the global market in 2019. The hospitals segment is categorized into +500 beds, 200-499 beds and less than 200 beds
  • Growth of the hospitals segment can be attributed to the high preference among patients for their implantation surgeries within a hospital and presence of large number of hospitals providing implantation facilities especially in some of the developed countries

North America to Dominate Global Market

  • In terms of region, the global implantable medical devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global implantable medical devices market in 2019, followed by Europe
  • The market in the North America is driven by highly developed health care sector, increasing purchasing power of the people and high demand for superior-quality implants
  • The implantable medical devices market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period due to geriatric population, high prevalence of orthopedic disorders and increase in awareness about implantable medical devices for therapeutics

Competitive Landscape

  • The global implantable medical devices market is highly fragmented in terms of number of players providing different products. Key players in the global market include Abbott, Boston Scientific Corporation, Danaher Corporation, Dentsply Sirona, Institut Straumann AG, Johnson & Johnson Services Inc., Medtronic, Smith & Nephew, Stryker, Terumo Corporation, and Zimmer Biomet

Market Segmentation

By Product Type

  • Orthopedic Implants
    • Spinal Implants
      • Thoracolumbar Implants
      • Intervertebral Spacers
      • Non-bone Implants
    • Reconstructive Joint Replacement
      • Shoulder Implants
      • Ankle Implants
      • Elbow Implants
      • Hip Implants
      • Knee Implants
  • Dental Implants
  • Cardiovascular Implants

By Material

  • Stainless Steel
  • Cobalt Chromium (Co-Cr) Alloy
  • Titanium
  • Titanium Alloy
  • Zirconium

By End-user

  • Hospitals
    • +500 Beds
    • 200-499 Beds
    • Less than 200 Beds
  • Ambulatory Surgery Centers (ASCs)
  • Clinics

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Implantable medical devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Implantable medical devices market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Implantable medical devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Implantable medical devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Implantable medical devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Implantable medical devices market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Implantable medical devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Implantable medical devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Implantable medical devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Implantable medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Implantable medical devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Implantable medical devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Implantable medical devices market. These factors have benefited the growth of the global market for Implantable medical devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Implantable medical devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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