Global Active Implantable Medical Devices Market Value & Forecast 2017-2024
In past few years, there has been tremendous increase in the demand for 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.
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.
This report consists of below pages:
- No of pages : 350
- No of Figures: 60
- No of Tables: 220
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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
Major Market Competitors:
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
Market Segmentation:
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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 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
On the basis of geography, global active implantable medical devices market report covers data points for 28 countries across multiple geographies namely:
- North America & South America
- Europe
- Asia-Pacific
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
The global active implantable medical devices market is 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. The report includes active implantable medical devices shares for global, Europe, North America, Asia Pacific, and South America.
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