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Active Implantable Medical Devices Market - Global Analysis On Industry Development By Abbott, Cochlear, Boston Scientific, BIOTRONIK, MED-EL, Medtronic And Other, Research Report Forecast 2019 - 2027
Active Implantable Medical Devices Market
Global Active Implantable Medical Devices Market accounted to US$ 39,026.9 Mn in 2017 and is expected to grow at a CAGR of 7.9% during the forecast period 2018 - 2025, to account to US$ 22,096.9 Mn by 2025.
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According to a new market research study titled ‘Active Implantable Medical Devices Market to 2025 – Global Analysis and Forecasts by Product and End User, the global active implantable medical devices market was valued at US$ 22,096.9 Mn in 2017 and is estimated to reach US$ 39,026.9 Mn by 2025. The market is estimated to grow with a CAGR of 7.9% from 2018-2025. The report highlights the trends prevalent in the global active implantable medical devices market and the factors driving the market along with those that act as deterrents to its growth.
Leading Key Players In Market:
• Medtronic
• Abbott
• Boston Scientific Corporation
• BIOTRONIK
• LivaNova PLC
• Cochlear Ltd.
• MED-EL, Sonova
• William Demant Holding A/S
• Nurotron Biotechnology Co., Ltd
Comparative Analysis:
This Report also includes the profiles of others key Active Implantable Medical Devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Industry Strategic Insights :
Approvals and agreements were observed as the most adopted strategy in global active implantable medical devices industry. Few of the recent product launch and collaboration and others are listed below;
2018: In August, 2018, Abbott received FDA approval for software upgrade for its Infinity implants used to treat Parkinson’s and essential tremor full-body MRI compatibility.
2017: In November, 2017, Medtronic received CE (Conformité Européenne) Mark for the world's smallest fully implantable spinal cord stimulator.
The neurostimulator is placed under patient’s skin in order to deliver mild electrical impulses through a lead implanted in the epidural space, which act to block pain signals from going to the brain.
2016: In November 2016, BIOTRONIK today announced the launch of Inventra HF-T, implantable cardioverter defibrillator (ICD) that delivers an ultra-high energy with 42 joules (J) on the first shock. Thus providing technologically advanced products that improve patient lives.
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Global Market Segments:
By Product
• Implantable Cardioverter Defibrillators
o Transvenous Implantable Cardioverter Defibrillators
o Subcutaneous Implantable Cardioverter Defibrillators
• Implantable Cardiac Pacemakers
• Neurostimulators
• Implantable Hearing Devices
• Ventricular Assist Devices
• Implantable Heart Monitors/Insertable Loop Recorders
By End User
• Hospitals
• Ambulatory Surgery Centers
• Speciality Clinics
By Geography
• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)
End User Insights:
The active implantable medical devices market by end user is segmented into hospitals, ambulatory surgery centers and specialty clinics. The hospitals segment is anticipated to grow at a CAGR of 8.1% during the forecast period. The increasing adoption of new technology devices in the hospitals and rising hospital research drives the market growth.
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