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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Implantable Medical Devices Market: By Type, By Material, By End User and Region Forecast 2019-2030
Implantable Medical Devices Market: By Type, By Material, By End User and Region Forecast 2019-2030
Implantable Medical Devices Market size was valued US$ 83.08 billion in 2023 and is poised to grow at a CAGR of 6.62% from 2024-2030. Implantable medical devices are used as replace or act as a fraction of or the whole biological structure. Currently, these devices are being used in many different parts of the body for various applications such as orthopedics, pacemakers, cardiovascular stents, defibrillators, neural prosthetics or drug delivery systems etc. An increase in the number of keratoplasty cases and corneal surgeries will boost market growth over the forecast period. The market for Implantable medical devices driven by technological advances in implants like multifocal intraocular lens technology and rising awareness about aesthetics among young patient population expected to fuel the market for Implantable medical devices over a period of forecast.
The market is highly fragmented with several local and international players offering different implantable products in the marketplace. Players or service providers in the market are coming up with a customized solution that addresses the patient requirements. Players in the market are developing newer designs which are influenced by viscoelastic technology and others to gain larger market revenue share in the market. Moreover, end users in the market continuously working towards educating the patients regarding implantation surgeries and post-surgery precautions.
Study Period
2024-2030Base Year
2023CAGR
6.6%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
Rising awareness about facial implants, increase in beauty consciousness, unhealthy lifestyles, and inclination towards body fitness, growing technological advancements, and growing adoption of aesthetic surgeries are the few other factors that are propelling the growth of the global Implantable medical devices. Furthermore, market players launched new advanced products, with the light of the advancements market is expected to grow at significant rate over the forecast period. However, potential side effects or damage associated with the use implants, the dearth of a skilled workforce to perform the implantation procedures, high cost associated with the treatment are the few factors hamper the growth of the market.
North America and Europe is expected to have major market share in the market due to the presence of a large number companies manufacturing implantable devices, technological advancements, growing elder population and increase in the adaptation of advanced implant systems and well-established infrastructure. Asia Pacific represents a vast population with an unmet need in the various diseases treatment of aging people, demographic and lifestyle changes coupled with the highest number of aging population is anticipated to bolster the market in Asia Pacific during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 83.08 billion |
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Market CAGR |
6.6% |
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By Type |
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By Material |
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By End User |
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By Region |
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The global implantable medical devices market size was valued at US$ 83.08 billion in 2023 and is projected to grow at a CAGR of 6.62% from 2024-2030
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Asia Pacific is the fastest-growing for the market.
| 1. Executive Summary |
| 2. Global Implantable Medical Devices Market Introduction |
| 2.1.Global Implantable Medical Devices Market - Taxonomy |
| 2.2.Global Implantable Medical Devices Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Material |
| 2.2.3.End User |
| 2.2.4.Region |
| 3. Global Implantable Medical Devices Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Implantable Medical Devices Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Implantable Medical Devices Market By Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Cardiovascular Implants |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Orthopeadic Implants |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Gyneac Implants |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Cochlear Implants |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Ophthalmic Implants |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Facial Implants |
| 5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Breast Implants |
| 5.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Others |
| 5.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6. Global Implantable Medical Devices Market By Material, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Metal |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Biological |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polymer |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Ceramic |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Implantable Medical Devices Market By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Specialty Clinics |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Ambulatory Surgical Centers |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Implantable Medical Devices Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Implantable Medical Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Cardiovascular Implants |
| 9.1.2.Orthopeadic Implants |
| 9.1.3.Gyneac Implants |
| 9.1.4.Cochlear Implants |
| 9.1.5.Ophthalmic Implants |
| 9.1.6.Facial Implants |
| 9.1.7.Breast Implants |
| 9.1.8.Others |
| 9.2. Material Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Metal |
| 9.2.2.Biological |
| 9.2.3.Polymer |
| 9.2.4.Ceramic |
| 9.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hospitals |
| 9.3.2.Specialty Clinics |
| 9.3.3.Ambulatory Surgical Centers |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Implantable Medical Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Cardiovascular Implants |
| 10.1.2.Orthopeadic Implants |
| 10.1.3.Gyneac Implants |
| 10.1.4.Cochlear Implants |
| 10.1.5.Ophthalmic Implants |
| 10.1.6.Facial Implants |
| 10.1.7.Breast Implants |
| 10.1.8.Others |
| 10.2. Material Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Metal |
| 10.2.2.Biological |
| 10.2.3.Polymer |
| 10.2.4.Ceramic |
| 10.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hospitals |
| 10.3.2.Specialty Clinics |
| 10.3.3.Ambulatory Surgical Centers |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Implantable Medical Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Cardiovascular Implants |
| 11.1.2.Orthopeadic Implants |
| 11.1.3.Gyneac Implants |
| 11.1.4.Cochlear Implants |
| 11.1.5.Ophthalmic Implants |
| 11.1.6.Facial Implants |
| 11.1.7.Breast Implants |
| 11.1.8.Others |
| 11.2. Material Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Metal |
| 11.2.2.Biological |
| 11.2.3.Polymer |
| 11.2.4.Ceramic |
| 11.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hospitals |
| 11.3.2.Specialty Clinics |
| 11.3.3.Ambulatory Surgical Centers |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Implantable Medical Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Cardiovascular Implants |
| 12.1.2.Orthopeadic Implants |
| 12.1.3.Gyneac Implants |
| 12.1.4.Cochlear Implants |
| 12.1.5.Ophthalmic Implants |
| 12.1.6.Facial Implants |
| 12.1.7.Breast Implants |
| 12.1.8.Others |
| 12.2. Material Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Metal |
| 12.2.2.Biological |
| 12.2.3.Polymer |
| 12.2.4.Ceramic |
| 12.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hospitals |
| 12.3.2.Specialty Clinics |
| 12.3.3.Ambulatory Surgical Centers |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Implantable Medical Devices Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Cardiovascular Implants |
| 13.1.2.Orthopeadic Implants |
| 13.1.3.Gyneac Implants |
| 13.1.4.Cochlear Implants |
| 13.1.5.Ophthalmic Implants |
| 13.1.6.Facial Implants |
| 13.1.7.Breast Implants |
| 13.1.8.Others |
| 13.2. Material Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Metal |
| 13.2.2.Biological |
| 13.2.3.Polymer |
| 13.2.4.Ceramic |
| 13.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hospitals |
| 13.3.2.Specialty Clinics |
| 13.3.3.Ambulatory Surgical Centers |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LATAM |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Abbott Laboratories (U.S.) |
| 14.2.2.Medtronic plc (Ireland) |
| 14.2.3.Boston Scientific Corporation (U.S.) |
| 14.2.4.LivaNova PLC (U.K.) |
| 14.2.5.BIOTRONIK SE & Co. KG (Germany) |
| 14.2.6.Cochlear Limited (Australia) |
| 14.2.7.Sonova Holding AG (Switzerland) |
| 14.2.8.MED-EL (Austria) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.