Implantable Medical Devices Demand Increases with Growing Prevalence of Chronic Diseases

The market for implantable medical devices is presently valued at US$ 115 billion, and by the end of 2027, it is expected to have grown to US$ 155 billion. From 2022 to 2027, the global market for implantable medical devices is expected to grow at a CAGR of 6.1%. Orthopedic implant demand is anticipated to grow at a CAGR of 6.5%. Orthopedic implants are used to treat anomalies, enhance posture, and reestablish normal bone function.

Medical implants are devices that are used to replace, support, or act as a specific bodily part or a section of a biological structure. Each year, thousands of patients have surgery to fix or remove implantable medical devices in an effort to improve their quality of life.

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How Growing Prevalence of Chronic Diseases Driving Demand for Implantable Medical Devices?

From 2022 to 2027, the market for implantable medical devices is anticipated to grow at a CAGR of 6.1%. Medical implants are devices that are used to replace, support, or act as a specific bodily part or a section of a biological structure.

Each year, thousands of patients have surgery to fix or remove implantable medical devices in an effort to improve their quality of life. Currently, implants are used in many different parts of the body for a wide range of functions.

A few of the reasons influencing market expansion are the rapidly ageing population, rising prevalence of chronic diseases, and technological developments in implantable medical devices.

The market is also expanding as a result of increased consumer knowledge of the uses for advanced medical device technologies and neurostimulator devices.

Key Companies Profiled

• Silimed
• Straumann
• Stryker Corporation
• Allergan PLC
• CEREPLAS
• BioHorizons IPH, Inc.
• Implantech
• Dentsply Sirona, Inc.
• Establishment Labs S.A.
• GROUPE SEBBIN SAS
• Heraeus Holding GmbH
• Ideal Implant Inc.
• Ivoclar Vivadent AG
• Nobel Biocare Holding AG
• Osstem Implant Co., Ltd.
• Polytech Health & Aesthetics GmbH

What insights this research provides to readers?

• Implantable Medical Devices fragmentation on the basis of product type, end use, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Implantable Medical Devices player.
• Various regulations imposed by the governments on the consumption of Implantable Medical Devices in detail.

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Based on precise data trends and classification, we provide one of the most thorough and understandable regional breakdowns of the global Implantable Medical Devices market. With regard to a variety of industries, from developing markets to regional markets, our specialists provided insightful analysis. Expect a thorough examination of the most significant economies in the globe, both internationally and globally.

The most recent market research report, which is being distributed to a global audience, offers business forecasts, growth trends in important regions, and development developments. The thorough market research helps customers navigate the data and understand the analysis. A deeper understanding of the industry, thorough predictions, product production, and overall market income can all be aided by geographic market research.

Implantable Medical Devices Market: Segmentation
• By Product Type :
o Orthopedic Implants
o Cardiovascular Implants
o Dental Implants
o Intraocular Lens
o Breast Implants
o Others
• By Material :
o Ceramic
o Metal
o Polymer
• By Nature of Device :
o Active
o Passive
• By End User :
o Hospitals
o Ambulatory Surgical Centers
o Multi-specialty Centers
• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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