Product ID: SQMIG35A2510
Global Implantable Medical Devices Market Size, Share, Growth Analysis, By Type(Diagnostic, Treatment), By Product(Cardiovascular (Implantable Cardiac Defibrillators [ICDs], Stents), By Nature of Device(Active, Passive), By End-User(Hospitals, Multi-specialty Centers) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2510 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
130 |
Figures:
77
Global Implantable Medical Devices Market Regional Insights
The Global Implantable Medical Devices Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, the North American region is projected to hold the most substantial share of the market. The regional market is likely to be driven by the high prevalence of cardiovascular and orthopedic diseases among the population, high government funding in research and development, a growing number of new product launches by key market players, and a well-established healthcare sector in the region.
According to the American Heart Society, Cardiovascular disease (CVD) was the major cause of around 800,000 mortalities in the US. Direct and indirect costs associated with CVDs are estimated to be around $316 billion. Around 2,200 Americans lost their lives due to CVDs each day. CVDs claim to take more lives each year than all forms of cancer and chronic lower respiratory diseases altogether. This thus creates a wide scope for the growth of the market during the forecast period. Further, the Asia-Pacific region is also likely to hold a significant share in the market during the forecast period. The regional growth of the market is attributed to the increased geriatric population in the region along with the risks of CVDs.
Global Implantable Medical Devices Market Report Snapshots
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