Global active implantable medical devices market is expected to reach USD 30.42 Billion by 2025, at a CAGR of 9.24% from 2018 to 2025. The key contributing factors for the market growth are increasing cardiovascular and neurological diseases, growing elderly population, technological advancements in procedures and enhanced applications of neurotransmitters.
Market Overview:
An active implantable medical device is introduced into the human body either totally or partially for diagnostic or therapeutic purposes. This is intended to remain in place. It offer wide range including pacemakers, defibrillators, infusion pumps, ventricular assist systems and devices, cochlear implants and neurostimulators. These devices have applications in a number of diseases such as cardiovascular devices, Parkinson’s disease, epilepsy, spasticity, and patients with hearing or visual impairment. Rising number of cardiovascular system diseases and chronic pain diseases have a positive impact on the growth of the market. For instance, according to the World Health Organization (WHO), around 17 Billion deaths were registered annually from cardiovascular diseases. Leading players are investing in the development of advanced products, which are user friendly.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Active Implantable Medical Devices Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The active implantable medical devices market is segmented on the basis of product and end user.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global active implantable medical devices market with USD 6.23 Billion in 2017 where as Asia pacific region expected to register the highest growth rate in the forecast period.
Global Active Implantable Medical Devices Market Competitive Analysis:
Key players in the active implantable medical devices market are Abbott Laboratories, Medtronic plc, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Cochlear Limited, LivaNova PLC, Sonova Holding AG, MED-EL William Demant Holding A/S, Nurotron Biotechnology Co., Ltd. and others. The Cochlear Limited, William Demant Holding A/S and Nurotron Biotechnology Co., Ltd. are the top leading players of the market. For instance, in 2017, Cochlear Ltd. collaborated with Apple, Inc. to offer cochlear implants with iPhone connectivity.
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Scope
Key Points |
Information |
Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Billion) {Market Size} |
USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
Base Year |
2017 |
Historical Years |
2015-2017 |
Forecast Period |
2018-2025 |
Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global active implantable medical devices market on the basis of below mentioned segments:
Global Active Implantable Medical Devices Market, By Product:
Global Active Implantable Medical Devices Market, By End User:
Global Active Implantable Medical Devices Market, By Regions:
List of Table
List of Figures
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