Product ID: SQMIG35A2510
Report ID:
SQMIG35A2510 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
130 |
Figures:
77
Implantable Medical Devices Market Driver
The key factor that drives the industry growth includes the increasing prevalence of various disorders in the areas of cardiovascular, ophthalmology, orthopedic, plastic surgery, dental, and neurology. For an instance, heart diseases such as CVD, CHD (congenital heart disease), and stroke; among other heart diseases are the leading causes of mortalities across the globe. According to WHO, around 17.9 million fatalities occur each year due to these heart diseases, which is estimated to be around 31% of global fatalities. Amongst these fatalities, around 7.4 million had CHD, and approx. 6.7 million fatalities occurred due to a stroke. By 2030, it has been projected that CVDs will be responsible for approx. 23.6 million mortalities across the globe. An unhealthy diet, excessive consumption of alcohol and tobacco, and physical inactivity are the major factors that are giving rise to the incidence and prevalence rates of heart diseases. The rapidly increasing prevalence of heart diseases also leads to an alarming number of fatalities around the globe and the trend is expected to continue in the future. This is likely to create a wide scope for the growth of the market in the upcoming years.
Implantable Medical Devices Market Restraint
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REQUEST FREE CUSTOMIZATIONImplantable Medical Devices Market size was valued at USD 167008.16 million in 2019 and is poised to grow from USD 334722.99 million in 2023 to USD 179032.75 million by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
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Product ID: SQMIG35A2510