Active Implantable Medical Device Market Worth to cross USD 39.65 billion By 2027

Posted On July 16, 2021     

The Global Active Implantable Medical Device Market value is expected to grow by an impressive 8% of CAGR during the forecast period of 2021 to 2027. The market can grow to USD 39.65 billion by 2027 as per the report by Value Market Research. Rise in the elderly population, increased prevalence of neurological and cardiovascular disorders among the population is driving the market growth. Increasing demand for efficient medical implants for neurological disorders such as Parkinson’s disease, dystonia, epilepsy and others is again boosting the market demand. Rise in disposable income followed by increasing expenditure on healthcare is again fueling the market growth. Disadvantages such as high rate of infection, device malfunction and corrosion, blood clots, etc. are likely to restrain market growth.

Active implantable medical devices are the powered medical devices that are surgically introduced into the natural orifice and will continue to remain even after the surgery. These include implantable pacemaker, hearing aids, infusion pumps, cochlear implants, retinal implants, etc. Active implants are relatively complex as compared to static devices and require artificial power source such as battery or electric supply.

The detailed research study "Global Active Implantable Medical Device Market Report By Product (Implantable Cardioverter Defibrillator {ICD}, Neurostimulator, Implantable Cardiac Pacemaker {ICP}, Implantable Hearing Device {IHD}, Verticular Assist Device {VAD}, Implantable Heart Monitor {IHM}) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" assists in understanding the market dynamics with qualitative as well as quantitative data.

On the basis of product the market is segmented into Implantable Cardioverter Defibrillators (Transvenous Implantable Cardioverter Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators), Ventricular Assist Devices, Implantable Cardiac Pacemakers, 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, Non-active/Passive Hearing Implants), Others. The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the active implantable medical device market.

The Report Segments Global Active Implantable Medical Device Market -
By Product

  • Implantable Cardioverter Defibrillators (Transvenous Implantable Cardioverter Defibrillators, Subcutaneous Implantable Cardioverter Defibrillators)
  • Ventricular Assist Devices
  • Implantable Cardiac Pacemakers
  • 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, Non-active/Passive Hearing Implants)
  • Others

 
By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 
Players Profiled In the Report:
Boston Scientific Corporation, Cochlear Ltd., Zimmer Biomet, Smith & Nephew, Johnson & Johnson Services, Inc., Biotronik SE & Co. KG, LivaNova PLC, Abbott, Straumann AG, Medtronic.

Download the FREE SAMPLE of Global Active Implantable Medical Device Market Research Report

 
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