Implantable Medical Devices Market 2020: Industry Trends, Size, Share, Growth and Forecast till 2025 - IMARC Group

According to IMARC Group’s recently published report, the global implantable medical devices market value is projected to reach US$ 151.5 Billion by 2025, exhibiting a CAGR of 6.6% during 2020-2025.

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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Implantable Medical Devices 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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Implantable Medical Devices Market Segmentation:

Market Breakup by Product

Orthopedic Implants
Dental Implants
Facial Implants
Breast Implants
Cardiovascular Implants
Others

Market Breakup by Material

Polymers
Metals
Ceramics
Biologics

Market Breakup by End-User

Hospitals
Ambulatory Surgery Centers (ASCs)
Clinics

Market Breakup by Region

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

View Report TOC, Figures and Tables: https://www.imarcgroup.com/implantable-medical-devices-market

Some of the major players operating in the industry worldwide Abbott Laboratories (NYSE: ABT), Biotronik, Boston Scientific Corporation (NYSE: BSX), C. R. Bard, Inc., Cardinal Health Inc (NYSE: CAH), CONMED Corporation (NYSE: CNMD), Globus Medical, Inc., Integra Lifesciences Holdings Corporation, Johnson & Johnson, LivaNova PLC, Medtronic plc, Nuvasive, Inc., Smith & Nephew Plc, St. Jude Medical, Inc., Institut Straumann AG., Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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