Active Implantable Medical Devices Market Size, Industry Trends, Leading Players, Growth Share and Forecast 2020-2028

The key growth drivers for the implantable and life-sustaining devices market are factors such as ageing population growth, increasing incidence of cardiovascular and neurological disorders, investments and funds for the production of technologically innovative goods, increased uses of neurostimulators and attractive reimbursement scenarios for ENT procedures in developing countries. Unfavorable healthcare policies in the U.S., problems relating to the use of implantable medical devices, and the high cost of implants, however, may to some degree impede the growth of this sector.

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Increased investments and funds to create more innovative technical goods, increased use and application of neurostimulators, and a favorable ENT reimbursement scenario in developing countries are expected to drive the development of the demand for successful implantable medical devices over the forecast period.

It is predicted that the growing global prevalence of coronary system disorders, chronic pain diseases and related co-morbidities would have a positive effect on Global Active Implantable Medical Devices Market. About 17 million people die from cardiovascular diseases annually, according to the International Health Organization (WHO). In the U.S., 2.7 to 6.1 million people suffer from atrial fibrillation, which is the most prevalent form of cardiac arrhythmia, according to the Centers for Disease Control and Prevention (CDC) in 2017.

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Growth Drivers that Support the Global Active Implantable Medical Devices Market:

• Due to the rising prevalence of cardiovascular diseases, the advancement of technologically advanced technologies and increased demand for these devices in developing countries, the implantable cardioverter defibrillators segment accounted for the largest share of the market for implantable and life-sustaining devices.

• After Europe, Asia-Pacific, Latin America, and the Middle East and Africa, North America led the active demand for implantable medical devices. The main drivers of this market growth are growing the prevalence of cardiovascular and neurological disorders, high accessibility to new technology, increasing the production of innovative and technologically advanced goods, and increasing healthcare spending in the region.

• On the other hand, during the projected period, the Asia-Pacific (APAC) region is predicted to see the fastest growth rate. This can primarily be due to the rise of the geriatric population, the prevalence of chronic diseases, the rise in healthcare expenditure, healthcare infrastructure development reforms, the need for advanced technology to produce new goods, and less strict regulations in the country.

Companies are Keen to expand their Foot Print in the Global Market

• In December 2018, Cirtec Medical Corporation acquired Metrigraphics, LLC, a leading producer of ultra-high precision, custom micron-scale circuits and modules for medical devices and other vital applications, as a strategic outsourcing partner for complex medical devices, including active implantable and minimally invasive therapeutic devices. This purchase would enhance the power of Cirtec Medical in active implantable and its capacity to support minimally invasive interventional therapeutic products.

• For eg, Cochlear Ltd. collaborated with Apple, Inc. in July 2017 to provide iPhone-connectivity cochlear implants. The Nucleus 7 Sound Processor, the first cochlear implant sound solution made exclusively for use with iPhones, iPods and the FDA approved iPads, in June 2017. This device has the distinction that it is the shortest and lightest cochlear implant available in the current market behind the jaw.

Major companies functioning in the global Active Implantable Medical Devices market are Abbott Laboratories, Medtronic plc., Boston Scientific Corporation, LivaNova PLC, BIOTRONIK SE & Co. KG.

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Market Segmentation:

By Product:
• Implantable Cardioverter Defibrillators

o Transvenous & Subcutaneous
• Cardiac Pacemaker
• Ventricular Assist Device
• Neurostimulator
• Implantable Hearing Devices

By Region:
• North America
o North America, by Country
 US
 Canada
 Mexico
o North America, by Product
• Western Europe
o Western Europe, by Country
 Germany
 UK
 France
 Italy
 Spain
 The Netherlands
 Rest of Western Europe
o Western Europe, by Product
• Asia Pacific
o Asia Pacific, by Country
 China
 India
 Japan
 South Korea
 Australia
 Indonesia
 Rest of Asia Pacific
o Asia Pacific, by Product
• Eastern Europe
o Eastern Europe, by Country
 Russia
 Turkey
 Rest of Eastern Europe
o Eastern Europe, by Product
• Middle East
o Middle East, by Country
 UAE
 Saudi Arabia
 Qatar
 Iran
 Rest of Middle East
o Middle East, by Product
• Rest of the World
o Rest of the World, by Country
 South America
 Africa
o Rest of the World, by Product

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