Implantable Medical Devices Market Size, Share, Growth Analysis, By Product (Cardiovascular Implants, Orthopedic Implants), By Biomaterial (Ceramic, Metallic), By End Use (Hospitals, Outpatient Facilities), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2510 | Region: Global | Published Date: September, 2024
Pages: 165 |Tables: 130 |Figures: 77

Implantable Medical Devices Market Insights

Global Implantable Medical Devices Market size was valued at USD 90.50 billion in 2022 and is poised to grow from USD 96.11 billion in 2023 to USD 155.51 billion by 2031, growing at a CAGR of 6.20% during the forecast period (2024-2031).

Devices or tissues that are inserted into or applied to the body's surface are known as implants. For the purpose of replacing lost body components, many implants are prostheses. A few more implants support tissues and organs, monitor physiological processes, or provide medicine. Controlled Permanent implants can be taken out when they are no longer useful, or they might be introduced for therapeutic and monitoring or diagnostic reasons. Adhered joints, on the other hand, have the additional challenge of working under complex and highly demanding conditions of stress, and the end of the devices’ life cycles is ever increasing. On the other hand, elements of long-term implants carry the benefit of being within constant temperature conditions. 

Growing rates of chronic disease along with an ageing population, an increase in neurological and cardiovascular disorders, and advancements in active implanted medical devices are the main factors propelling the growth of the global implantable medical devices market. Further factors supporting the market's expansion include growing investments and funding for the development of technologically sophisticated goods, growing awareness of medical implants and technological developments in those fields, and an increase in the uses of neurostimulators. The medical surgery industry is anticipated to face growth challenges due to high implantation costs and a shortage of skilled personnel. The global implantable medical devices market, on the other hand, is expanding due to the rise in reimbursement schemes.

US Implantable Medical Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 167008.16 million

Largest Segment

Hospitals

Fastest Growth

Hospitals

Growth Rate

7.2% CAGR

Global Implantable Medical Devices Market ($ Bn)
Country Share by North America (%)

To get more reports on the above market click here to Buy The Report

Implantable Medical Devices Market Segmental Analysis

Global Implantable Medical Devices Market is segmented by Product, Biomaterial, End Use, and region. Based on Product, the market is segmented into Cardiovascular Implants, Orthopedic Implants, Ophthalmology Implants, Dental Implants, Aesthetic Implants, and Neurology Implants. Based on Biomaterial, the market is segmented into Ceramic, Metallic, Polymers, and Natural. Based on End Use, the market is segmented into Hospitals, Outpatient Facilities, and Specialty Clinics & Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa. 

Implantable Medical Devices Market Analysis by Product 

As per categorization by product, the market is classified as breast implants, dental implants, orthopedic implants, cardiovascular implants, intraocular lens, and other implants. Among these, the cardiovascular implants earned the largest share and continue to dominate the market. While such devices have been in use for some years now, recent innovations in cardiovascular implants – for example, advanced stents, pacemakers, or heart valves – are realizing benefits in terms of reduced invasiveness and enhanced biocompatibility. These devices also incorporate newer technologies, such as drug-delivery systems or monitoring devices, which help in better management of the disease. The global implantable medical devices market is largely driven by the cardiovascular implants which is primarily attributed to the rising prevalence of cardiovascular diseases, growing aging population and increasing healthcare spending which creates a pressing need for treatment and progress in this area. 

Among the various segments, implants for dentists are anticipated to become the highest revenue-generating segment in the global implantable medical devices market due to growing preference for cosmetic dentistry, rising population, especially geriatric, and increasing dental hygiene consciousness. New technologies such as 3D printing, use of more biocompatible materials, and less invasive surgery are contributing to the use of implants more effectively to the benefit of the patients. Furthermore, the increasing incidence of oral diseases coupled with growing per capita expenditure and dental tourism in developing countries is also anticipated to propel the market growth. All these reasons as well as the ones that will shorten the time of rehabilitation after surgery are contributing to the fast growth of the dental implants market in the world today. 

Implantable Medical Devices Market Analysis by Type 

The treatment type segment of the global implantable medical devices market is witnessing significant innovations, especially in relations to devices such as orthopedic implants, pacemakers, and neurostimulators. New materials, 3D printing, and robotics can dare new surgeries and enhance healing in patients. Also, the emergence of minimally invasive procedures is improving the recovery and satisfaction of patients. Treatment types are leading these markets owing to factors such as the growing incidence of chronic diseases, the geriatrics population that requires surgery, and enhanced funding for healthcare services. With these advances, the health care systems are becoming more effective in the management of diseases and enhancing the quality of life – hence the spiral escalation in the demand for innovative devices for treatment. 

The diagnostic type of segment of the global implantable medical devices market is set to grow rapidly due to the increasing demand for continuous health monitoring and early disease detection. Advancements such as continuous transmission and improved precision have introduced advanced medical devices such as implantable loop recorders and continuous glucose monitors that allow for real-time diagnostic capabilities. The increase in chronic diseases such as diabetes and cardiovascular diseases is the main reason for the demand for such sophisticated diagnostics. In addition, the increased focus on preventive healthcare, individuals’ tailored treatment, sensor technology, and connectivity has been stimulating the diagnostic type of segment to develop into the most booming area in the market.

Global Implantable Medical Devices Market By Product (%)

To get detailed analysis on other segments, Request For Free Sample Report

Implantable Medical Devices Market Regional Insights

North America dominates the global implantable medical devices market due to several key factors, including advanced healthcare infrastructure, significant investment in research and development, and a high prevalence of chronic diseases. There exists a strong regulatory environment in the region that stimulates creativity and facilitates rapid review processes for new products. Moreover, there is a viable healthcare system and a growing number of elderly people that create a need for implantable devices. Added healthcare costs, together with rising concern by patients about available treatment options and the rise in medical technological innovations, reinforces the stand of the north region as the market leader, creating an avenue for the innovation and use of implantable medical devices. 

With rapid urbanization, a huge and elderly populace and rising disposable incomes, the Asia Pacific region has become the most lucrative for global implantable medical devices market. Chronic degenerative conditions such as steadily being on the increase diabetes and other cardiovascular diseases are boosting the need for better medical services. In addition, the enhancement of healthcare systems and the availability of advanced technologies are promoting the inventive approaches and use of implanted devices. Dedicated Government policies towards improving delivery in healthcare and boosting medical device production are also aiding the expansion of the market. As such, the Asia Pacific region is on the rise and able to attract investments in the field of research for the development of implantable medical devices.

Global Implantable Medical Devices Market By Geography
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Implantable Medical Devices Market Dynamics

Implantable Medical Devices Market Driver

Increasing Prevalence of Chronic Diseases 

  • The rising incidence of chronic diseases, such as cardiovascular conditions, diabetes, and orthopedic disorders, is a significant driver for the global implantable medical devices market. With the increase in elderly population globally, the need for well-advanced therapeutic interventions, implantable devices inclusive, is on the rise fueling market development. 

Advancements in 3D Technology 

  • The global implantable medical devices market is changing due to improvements in materials and device design. Innovations such as 3-D printing, minimally invasive techniques, and intelligent monitoring implants are beneficial for patients and provide high patient satisfaction. These practices promote them toward accepting advanced solutions thus propelling the growth of the overall market. 

Restraints 

Risk of Complications and Rejections 

  • The potential for complications and device rejection by the body poses a significant challenge for the global implantable medical devices market. Patients may develop negative side effects which will incur extra costs for health care and more procedures. This risk has the potential to make patients and health care providers avoid these devices. 

Limited Awareness and Education 

  • Lack of knowledge and education on the benefits and availability of implantable medical devices may hinder the growth of the market. In several areas, both patients and medical staff may be unaware of advanced treatment solutions. Such a situation may result in innovative solutions not being appropriately integrated into practice, thus affecting their overall adoption in the market.

Request Free Customization of this report to help us to meet your business objectives.

Implantable Medical Devices Market Competitive Landscape

The competitive landscape of the global implantable medical devices market is characterized by the presence of key players striving for innovation and market share. The industry is dominated by well-known corporations such as Medtronic, Abbott Laboratories, Boston Scientific, and Johnson & Johnson, which have sophisticated products and technologies. These companies carry out extensive research and development aimed at increasing the effectiveness of its devices and ensuring better health results for patients. Besides, these groups emphasize forming new alliances and taking over other firms to enlarge their product range and presence in developing countries.

Implantable Medical Devices Market Top Player’s Company Profiles

  • Medtronic Plc (Ireland) 
  • Abbott Laboratories (USA) 
  • Johnson & Johnson (USA) 
  • Boston Scientific Corporation (USA) 
  • Smith & Nephew plc (UK) 
  • Stryker (USA) 
  • Cochlear Limited (Australia) 
  • Integra LifeSciences (USA) 
  • LivaNova PLC (UK) 
  • Biotronik SE and Co. KG (Germany) 
  • Zimmer Biomet Holdings, Inc. (US) 
  • Edwards Lifesciences Corporation (US) 
  • Hearing Life (US) 
  • Nevro Corp. (US) 
  • Orthofix Medical Inc. (US) 
  • NuVasive, Inc. (US) 
  • W. L. Gore & Associates, Inc. (US) 
  • AngioDynamics, Inc. (US) 
  • Ramsay Santé (France) 
  • Hologic, Inc. (US) 
  • Abiomed, Inc. (US) 
  • Straumann Holding AG (Switzerland) 
  • KARL STORZ SE & Co. KG (Germany)

Implantable Medical Devices Market Recent Developments

  • In September 2024, Medtronic has revealed that it will be launching an advanced model of implantable cardioverter defibrillator (ICD) incorporating super remote monitoring capabilities. This device is intended to enhance the results of care delivery to patients by allowing their health providers to monitor their cardiac status continuously and in real time, thus allowing timely corrective measures and minimizing the hospital visits for heart patients. 
  • In August 2024, Abbott Laboratories announced that its new dissolvable drug eluting stent designed for treating coronary artery disease has received FDA approval. This novel implantable device is intended to promote healing and minimize the chances of restenosis thereby representing a breakthrough in interventional cardiology and expanding treatment options available to patients around the globe. 
  • In July 2024, Boston Scientific has recently disclosed that it recently entered into a strategic collaboration with one of the reputable biotechnology companies and the focus of that collaboration is development of orthopeadic implants that have enhanced bioactive coatings for speeding up the healing process. The collaboration will seek to exploit technologies that enhance the recovery and outcome of patients, which puts Boston Scientific in the lead in the development of orthopedic implants.

Implantable Medical Devices Key Market Trends

  • Integration of Smart Technologies: The global implantable medical devices market is increasingly integrating smart technologies, such as sensors and connectivity features. By incorporating these technologies, it is now possible to monitor healthcare indicators in real time: healthcare personnel can monitor the patient’s parameters from a distance, which contributes to the quality of individualized care and improves the healthcare outcomes through early action and better control of diseases. 
  • Growing Demand for Minimally Invasive Procedures: The increasing popularity of minimally invasive techniques fueled the demand in the global implantable medical devices market. Both patients and healthcare providers are subjected to these techniques as it comes with easy healing periods, reduced risks, and lower inpatient days. Such factors are prompting advancements in the configurations of such devices and techniques, thus making implants widely available.

Implantable Medical Devices Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. 

As per SkyQuest analysis, in conclusion, the global implantable medical devices market is witnessing significant growth driven by the increasing prevalence of chronic diseases, advancements in technology, and rising patient awareness. Cardiovascular implants remain dominant due to the high incidence of heart-related conditions and ongoing innovations enhancing treatment efficacy. 

On the other hand, the demand for dental implants is expected to grow at a faster pace on the back of increasing inclination towards aesthetic procedures, technological innovations and the growing older population. However, the market remains buoyant, in North America and Asia-Pacific regions for instance, despite challenges such as risk of complications and lack of awareness. This has led to healthy competition with a lot of innovations and developments.

Report Metric Details
Market size value in 2022 USD 90.50 billion
Market size value in 2031 USD 155.51 billion
Growth Rate 6.20%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Cardiovascular Implants, Orthopedic Implants, Ophthalmology Implants, Dental Implants, Aesthetic Implants, Neurology Implants
  • Biomaterial
    • Ceramic, Metallic, Polymers, Natural
  • End-Use
    • Hospitals, Outpatient Facilities, Specialty Clinics & Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic Plc (Ireland) 
  • Abbott Laboratories (USA) 
  • Johnson & Johnson (USA) 
  • Boston Scientific Corporation (USA) 
  • Smith & Nephew plc (UK) 
  • Stryker (USA) 
  • Cochlear Limited (Australia) 
  • Integra LifeSciences (USA) 
  • LivaNova PLC (UK) 
  • Biotronik SE and Co. KG (Germany) 
  • Zimmer Biomet Holdings, Inc. (US) 
  • Edwards Lifesciences Corporation (US) 
  • Hearing Life (US) 
  • Nevro Corp. (US) 
  • Orthofix Medical Inc. (US) 
  • NuVasive, Inc. (US) 
  • W. L. Gore & Associates, Inc. (US) 
  • AngioDynamics, Inc. (US) 
  • Ramsay Santé (France) 
  • Hologic, Inc. (US) 
  • Abiomed, Inc. (US) 
  • Straumann Holding AG (Switzerland) 
  • KARL STORZ SE & Co. KG (Germany)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Implantable Medical Devices Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Implantable Medical Devices Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Implantable Medical Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Implantable Medical Devices Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Implantable Medical Devices Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Implantable Medical Devices Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Implantable Medical Devices Market size was valued at USD 90.50 billion in 2022 and is poised to grow from USD 96.11 billion in 2023 to USD 155.51 billion by 2031, growing at a CAGR of 6.20% during the forecast period (2024-2031).

The competitive landscape of the global implantable medical devices market is characterized by the presence of key players striving for innovation and market share. The industry is dominated by well-known corporations such as Medtronic, Abbott Laboratories, Boston Scientific, and Johnson & Johnson, which have sophisticated products and technologies. These companies carry out extensive research and development aimed at increasing the effectiveness of its devices and ensuring better health results for patients. Besides, these groups emphasize forming new alliances and taking over other firms to enlarge their product range and presence in developing countries. 'Medtronic Plc (Ireland) ', 'Abbott Laboratories (USA) ', 'Johnson & Johnson (USA) ', 'Boston Scientific Corporation (USA) ', 'Smith & Nephew plc (UK) ', 'Stryker (USA) ', 'Cochlear Limited (Australia) ', 'Integra LifeSciences (USA) ', 'LivaNova PLC (UK) ', 'Biotronik SE and Co. KG (Germany) ', 'Zimmer Biomet Holdings, Inc. (US) ', 'Edwards Lifesciences Corporation (US) ', 'Hearing Life (US) ', 'Nevro Corp. (US) ', 'Orthofix Medical Inc. (US) ', 'NuVasive, Inc. (US) ', 'W. L. Gore & Associates, Inc. (US) ', 'AngioDynamics, Inc. (US) ', 'Ramsay Santé (France) ', 'Hologic, Inc. (US) ', 'Abiomed, Inc. (US) ', 'Straumann Holding AG (Switzerland) ', 'KARL STORZ SE & Co. KG (Germany)'

The rising incidence of chronic diseases, such as cardiovascular conditions, diabetes, and orthopedic disorders, is a significant driver for the global implantable medical devices market. With the increase in elderly population globally, the need for well-advanced therapeutic interventions, implantable devices inclusive, is on the rise fueling market development. 

Integration of Smart Technologies: The global implantable medical devices market is increasingly integrating smart technologies, such as sensors and connectivity features. By incorporating these technologies, it is now possible to monitor healthcare indicators in real time: healthcare personnel can monitor the patient’s parameters from a distance, which contributes to the quality of individualized care and improves the healthcare outcomes through early action and better control of diseases. 

North America dominates the global implantable medical devices market due to several key factors, including advanced healthcare infrastructure, significant investment in research and development, and a high prevalence of chronic diseases. There exists a strong regulatory environment in the region that stimulates creativity and facilitates rapid review processes for new products. Moreover, there is a viable healthcare system and a growing number of elderly people that create a need for implantable devices. Added healthcare costs, together with rising concern by patients about available treatment options and the rise in medical technological innovations, reinforces the stand of the north region as the market leader, creating an avenue for the innovation and use of implantable medical devices. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Report ID: SQMIG35A2510

$5,300
BUY NOW GET FREE SAMPLE