Implantable Medical Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

$ PRICE - $ 3,000.00$ 8,900.00

Implantable Medical Devices Market by Type (Cardiovascular Implants, Orthopedic Implants, Gyneac Implants, Cochlear Implants, Ophthalmic Implants, Facial Implants, Breast Implants, Others), Material (Metal, Biological, Polymer, Ceramic), End user (Hospitals, Specialty Clinics, Ambulatory Surgical Centers) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

The global implantable medical devices market size valued USD 83.08 Billion in 2020 and expected to reach USD 131.23 billion by 2027, at a CAGR of 6.62% during the forecast period 2021 to 2027. 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.

Implantable Medical Devices Market

MARKET SUMMARY
-
6.62% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 6.62%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Implantable Medical Devices Market

  • The report on global implantable medical devices market gives historical, current and future market sizes (US$ Mn) based on type, material, end user and geographical regions.
  • implantable medical devices market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Abbott Laboratories
  • Medtronic plc
  • Boston Scientific Corporation
  • LivaNova PLC
  • Cochlear Limited
Implantable Medical Devices Market

Drivers And Restraints

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 Implantable medical devices 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 got significant share

Implantable Medical Devices Market

North America and Europe is expected to have major market share in Implantable Medical Devices 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 implantable medical devices market in Asia Pacific during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In September 2017, DePuy Synthes launched TRUMATCH Titanium 3D Printed implants for facial reconstruction in US.
  • In April 2015, the U.S. FDA approved the Kamra Corneal Inlay, the first small aperture corneal implantable device for correction of near vision in patients who have not had cataract surgery.

Key

Key Features of the Report

Implantable Medical Devices Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Abbott Laboratories (U.S.)
  • Medtronic plc (Ireland)
  • Boston Scientific Corporation (U.S.)
  • LivaNova PLC (U.K.)
  • BIOTRONIK SE & Co. KG (Germany)
  • Cochlear Limited (Australia)
  • Sonova Holding AG (Switzerland)
  • MED-EL (Austria)
  • Nurotron Biotechnology Co., Ltd. (China)
  • William Demant Holding A/S (Denmark)

Description

The global implantable medical devices market size valued USD 83.08 Billion in 2020 and expected to reach USD 131.23 billion by 2027, at a CAGR of 6.62% during the forecast period 2021 to 2027. 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.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX