Active Implantable Medical Devices Market Expected to Grow at CAGR of 7.9% by 2025 – Know About Technology Aspects, Analysis by Regions, Competitive Analysis by Focusing Top Companies like Abbott, Medtronic, Cochlear Ltd., Boston Scientific Corporation,
The global active implantable medical devices market is segmented into product, end user and geography. Based on product, the active implantable medical devices market is segmented into implantable cardioverter defibrillators, implantable cardiac pacemakers, neurostimulators, implantable hearing devices, ventricular assist devices and implantable heart monitors/insertable loop recorders. The implantable cardioverter defibrillators segment is further bifurcated into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators. On the basis of end user, the active implantable medical devices market classified as hospitals, ambulatory surgery centers and specialty clinics.
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The major players operating in the active implantable medical devices market include Abbott, Medtronic, Cochlear Ltd., Boston Scientific Corporation, BIOTRONIK SE&Co, LivaNova PLC, MED-EL, Sonova, William Demant Holding A/S, Nurotron Biotechnology Co. Ltd. and among others. The company players are indulged into development of novel and innovative products to cater the demands of the users in active implantable medical devices market. For instance, in August 2017, BIOTRONIK received FDA approval and commercial launch of Edora HF-T QP, an MR conditional quadripolar (QP) cardiac resynchronization therapy pacemaker (CRT-P) with MRI AutoDetect technology.
The active implantable medical devices are intended to be used for introduction into the human body through medical procedures. These devices are either used for diagnostic purposes or for interventional purposes that remain in the human body to support a damaged body organ, replace a missing body structure, or enhance functioning of an organ. The active implantable medical devices are mostly used in neurological, cardiovascular, hearing and other surgeries. The report would be of an interest to various stakeholders operating in the active implantable medical devices. These stakeholders include healthcare institutes, medical therapeutics manufactures and suppliers, academic and research institutes, active implantable medical devices manufacturers and vendors, distributors and others.
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The objective of the study is to describe, define, and forecast the active implantable medical devices market by product, end user, and region. The report also provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall active implantable medical devices market.
The report analyzes factors affecting market from both demand and supply side and further evaluates active implantable medical devices market dynamics effecting the active implantable medical devices market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key manufacturing companies along with their SWOT analysis and market strategies.
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