Implantable Medical Devices Market Size, Share, Trends, Growth and Forecast 2022

The global implantable medical devices market size was valued at $72,265 million in 2015, and is estimated to reach $116,300 million by 2022, registering a CAGR of 7.1% during the forecast period.

An implant is a medical device that is surgically transplanted in the body to replace or support damaged body organs, enhance their functionalities, or detect flaws in the functioning of organs. Medical devices can be placed either permanently or temporarily in the body and can be removed when they are time-worned. These implantable devices are composed of bones, tissues, skin, ceramics, metals, and other natural materials.

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The market is driven by factors such as rise in prevalence of chronic diseases and rapid increase in geriatric population. Moreover, increased awareness among individuals and rapid technological advancements in the medical implants sector fuel the market growth. However, high cost of implantation and dearth of skilled workforce hamper the market growth. Even then, this market is poised to grow at a CAGR of 10.7% from 2016 to 2022 (in terms of volume).

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The Asia-Pacific region is expected to grow at the highest CAGR of 9.1% during the forecast period. The developing countries in the Asia-Pacific region, such as China and India, provide significant growth opportunities to market players, owing to the large population base and increase in awareness about the benefits of medical implants. Moreover, the report provides comprehensive analyses of the key players operating in the implantable medical devices market.

KEY BENEFITS

o The study provides in-depth analyses of the global implantable medical devices market along with the current trends and future estimations to elucidate the imminent investment pockets.
o The report provides a quantitative analysis for the period of 2014-2022 to enable stakeholders to capitalize on the prevailing opportunities in the industry.
o Extensive analysis of the global market helps in understanding the different types of devices used in the treatment of chronic diseases and other cardiac conditions.
o Competitive intelligence of market players highlights the business practices and trends across various regions.

KEY MARKET SEGMENTS

The global implantable medical devices market is segmented based on product type and geography.

By Product

o Orthopedic Implants
o Spinal Implants
o Reconstructive Joint Replacement
o Dental Implants
o Breast Implants
o Cardiovascular Implants
o Intraocular Lens
o Other Implants

LIST OF KEY PLAYERS PROFILED IN THE REPORT

o Abbott Laboratories
o Biotronik SE & Co. KG
o Boston Scientific Corporation
o C. R. Bard, Inc.
o Cardinal Health, Inc.
o CONMED Corporation
o Globus Medical, Inc.
o Integra Lifesciences Holdings Corporation
o Johnson & Johnson
o LivaNova PLC
o Medtronic plc
o NuVasive, Inc.
o Smith & Nephew plc
o St. Jude Medical, Inc.
o Institut Straumann AG.
o Stryker Corporation
o Wright Medical Group N.V.
o Zimmer Biomet Holdings, Inc.

Similar Report :

Global Reprocessed Medical Device Market: https://reports.valuates.com/market-reports/QYRE-Auto-15B306/global-reprocessed-medical-device-market

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