Implantable Medical Devices Market Estimated to Reach USD 143.3 Billion Globally By 2024

According to the global implantable medical devices market report by IMARC Group, the market value is projected to reach US$ 143.3 Billion by 2024, exhibiting a CAGR of 6.8% during 2019-2024. Implantable medical devices are introduced surgically or medically into the human body. They remain inside the body either temporarily or permanently, for monitoring, diagnostic, or therapeutic purposes. Implantable medical devices are made of different materials such as plastics, tissues, metals, ceramics, bones and skin. They help in replacing or supporting damaged body organs by treating defects and improving the overall functioning of the human body.

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Market Trends

As consumers are nowadays becoming more inclined toward physical appearance and body aesthetics, cosmetic surgeries, like pectoral, deltoid, dental, cochlear, thigh augmentation and breast implants, are gaining immense traction across the globe. Besides this, with the increasing number of age-related diseases and a rise in the average lifespan, the demand for various life-prolonging medical aids, such as implants and prostheses, has increased. Moreover, the development in medical science and engineering over the past few years has led to the advancements in implantable medical devices and systems, which will have a positive impact on the industry in the coming years.

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Market Segmentation:

Market Breakup by Product

1. Orthopedic Implants
2. Dental Implants
3. Facial Implants
4. Breast Implants
5. Cardiovascular Implants
6. Others

Market Breakup by Material

1. Polymers
2. Metals
3. Ceramics
4. Biologics

Market Breakup by End-User

1. Hospitals
2. Ambulatory Surgery Centers (ASCs)
3. Clinics

Market Breakup by Region

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

Browse related reports:

Self-Care Medical Devices Market 2019-2024: https://www.imarcgroup.com/self-care-medical-devices-market

Neurostimulation Devices Market 2020-2025: https://www.imarcgroup.com/neurostimulation-devices-market

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