Implantable Medical Devices Market Is Expected to Reach $116,300 Million by 2022 with key players Johnson & Johnson, Integra Lifesciences Holdings Corporation, Medtronic Plc., Smith & Nephew Plc., St. Jude Medical, Inc., Zimmer Biomet Holdings, Inc., C.R.

Implantable Medical Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $116,300 million by 2022, registering a CAGR of 7.1% during the period 2016-2022..North America accounted for nearly half of the global market share in 2015, and is projected to maintain its dominance during the forecast period.

The implantable medical devices market is driven by factors such as increase in geriatric population, rapid technological advancements, growth in incidence of chronic diseases, and upsurge in adoption of advanced implantable medical devices. However, high cost of implantable medical devices and limited coverage of insurance schemes hamper the market growth. The implantable medical devices market has attained maturity in the developed region. However, increase in awareness for implants among individuals has supplemented the market growth in the emerging economies.

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Key Finding Of Implantable Medical Devices Market:

• The orthopedic implants segment generated the highest revenue in the global market in 2015, accounting for one-third share.

• The reconstructive joint replacement segment accounted for nearly two-thirds share of the global orthopedic implants market in 2015.

• Reconstructive joint replacement was the highest contributor in the orthopedic implants market and projected to grow at a CAGR of 3.4% from 2016 to 2022.

• In terms of volume, spinal implants segment is estimated growth with a CAGR of 6.5%.

• The intraocular lens segment was the predominant segment in 2015 expected to grow at a CAGR of 7.9% (in volume) during the forecast period

Asia-Pacific is projected to grow at the fastest rate during the forecast period due to high demand for medical implants, healthcare reforms for infrastructure development, and high prevalence of chronic diseases in this region. In addition, growing awareness about the benefits & availability of implantable devices and presence of high unmet needs in the emerging markets, such as India and China, drive the market.

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Key players in the market:

• Stryker Corporation
• Boston Scientific Corporation
• Johnson & Johnson
• Integra Lifesciences Holdings Corporation
• Medtronic Plc.
• Smith & Nephew Plc.
• St. Jude Medical Inc.
• Zimmer Biomet Holdings Inc.
• C.R. Bard Inc.
• LivaNova Plc.
• Straumann AG.

Table of content:

Chapter: 1. INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2. EXECUTIVE SUMMARY

2.1. Key findings of the study
2.2. CXO perspective

Chapter: 3. MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.2.2.1. Competitive intelligence of companies and their strategies

3.3. Porters five forces analysis

3.3.1. Bargaining power of the suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of new entrants
3.3.4. High intensity of rivalry
3.3.5. Threat of substitutes

3.4. Top Player Positioning, 2015
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Growing elderly population and rise in prevalence of chronic diseases
3.5.1.2. Technological advancements in the field of implantable medical devices
3.5.1.3. Global rise in acceptance of implantable medical devices
3.5.1.4. Improvement of healthcare infrastructure in developing countries
3.5.1.5. Better insurance and reimbursement
3.5.1.6. Increasing government focus on funding R&D initiatives
3.5.1.7. Rising number of FDA approvals for performing clinical trials to benefit the market

3.5.2. Restraints

3.5.2.1. High cost of treatment associated with implantable medical devices
3.5.2.2. Stringent approval process as these are highly specialized devices

3.5.3. Opportunities

3.5.3.1. Huge market opportunities in the APAC region and developing countries
3.5.3.2. Increasing awareness amongst patients and increasing preference for a better quality of life
3.5.3.3. Increase in development of minimally invasive and non-surgical procedures

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