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Explore Global active implantable medical devices market that will grow at a CAGR of 8.0% during the forecast period of 2017 - 2024

Explore Global active implantable medical devices market that will grow at a CAGR of 8.0% during the forecast period of 2017 - 2024

Global Active Implantable Medical Devices Market, By Product Type {Implantable Cardioverter Defibrillators (Transvenous Implantable Cardioverter Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators), Implantable Cardiac Pacemakers, Ventricular Assist Devices, Implantable Heart Monitors/ Insertable Loop Recorders, Neurostimulators (Spinal Cord Stimulators, Deep Brain Stimulators, Sacral Nerve Stimulators, Vagus Nerve Stimulators, Gastric Electrical Stimulators), Implantable Hearing Devices (Active Hearing Implants, Passive Hearing Implants), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa}

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The Global Active Implantable Medical Devices Market accounted to USD 27.0 billion in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Active implantable medical devices consists of active medical device which is planned to be absolutely or partially introduced, with medically or  by surgical means, into the human body or by therapeutic intervention into a natural opening, and which is  expected to stay after the technique. As these are considered to be the most profitable segment and are subjected to strict regulatory measures both for pre market and post market.

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Major market drivers and restraints:

  • Increasing rate of cardiovascular and neurological diseases
  • Rise in aging population
  • Favorable reimbursement scenario
  • More of investment for the development of advanced product

Market Segmentation:

On the basis of product type, global active implantable medical devices market is segmented into implantable cardioverter defibrillators, implantable cardiac pacemakers, ventricular assist devices, implantable heart monitors/ insertable loop recorders, neurostimulators and implantable hearing devices. Implantable cardioverter defibrillator is sub segmented into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators.

Neurostimulators is sub segmented into spinal cord stimulators, deep brain stimulators, sacral nerve stimulators, vagus nerve stimulators and gastric electrical stimulators. Implantable hearing device is sub segmented into active hearing implants and passive hearing implants.

Implantable cardioverter defibrillators segment accounted the largest market share in 2016 whereas implantable hearing devices segment is expected to witness the highest growth due to increasing prevalence of hearing loss and growing ENT process

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Based on geography, the market is segmented into five geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific(APAC)
  • Middle East and Africa(MEA)

The Global Active Implantable Medical Devices Marketis highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in global active implantable medical devices market are

  • Medtronic
  • Abbott
  • Cochlear Ltd
  • Boston Scientific Corporation
  • William Demant Holding A/S
  • Sonova
  • Biotronik Se & Co. Kg
  • Nurotron Biotechnology Co. Ltd., Med-El.
  • Livanova Plc

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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst call or drop down your enquiry.

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