Active Implantable Medical Devices Market (Covid-19) Impact and Analysis By Abbott, Medtronic, Cochlear, Boston Scientific Corporation, BIOTRONIK SE&Co, LivaNova, MED-EL, Sonova and among others.

The Insight Partners analysts forecasts the latest report on “Active Implantable Medical Devices Market (Covid-19) Impact and Analysis by 2025”, according to report; The Active Implantable Medical Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Active Implantable Medical Devices Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Active Implantable Medical Devices Market.

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The 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.

Some of the Major Market Players Are:

Medtronic
Abbott
Boston Scientific Corporation
BIOTRONIK
LivaNova PLC
Cochlear Ltd.
MED-EL, Sonova
William Demant Holding A/S
Nurotron Biotechnology Co., Ltd

Market Insights

Technological Advancements and New Product Launches

The active implantable medical devices is an emerging field in the medical industry and has led to various developments of the products, in the field of cardiology, neurology and otology. Many of the market players are developing novel products in order to minimize the burden of cardiovascular diseases, neurological disorders and hearing disorders. For instance, Boston Scientific Corporation in September 2017, launched the Resonate family of Implantable Cardioverter Defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) systems. This product is powered by EnduraLife battery technology, which has double battery capacity as compared to other devices. Thus increasing the longevity of devices and managing heart failure more efficiently.

Increasing Burden of Cardiovascular Diseases, Neurological Disorders and Hearing Disorders

Active implantable devices like pacemakers, cochlear implants, ventricular assist devices, spinal cord stimulators and others are used to treat cardiovascular diseases, neurological disorders and hearing disorders. Thus the increasing prevalence of cardiovascular diseases, neurological disorders and hearing disorders is expected to drive market growth during the forecast period. According to the World health organization in 2017, cardiovascular diseases are number 1 cause of death all over the world. It also mentioned that in 2016, 17.9 million people across the globe died due to cardiovascular diseases.

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.

MARKET SEGMENTATION

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

The report analyses factors affecting the Active Implantable Medical Devices Market from further evaluates market dynamics affecting the 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 America after evaluating political, economic, social and technological factors affecting the Active Implantable Medical Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Active Implantable Medical Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Active Implantable Medical Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Active Implantable Medical Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2025 with respect to five major regions. The Active Implantable Medical Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Active Implantable Medical Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Active Implantable Medical Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Active Implantable Medical Devices market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Active Implantable Medical Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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