India Implantable Medical Devices Market Size, Share, Demand, Top Companies and Forecast 2023-2028

IMARC Group has recently released a new research study titled "India Implantable Medical Devices Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

How big is the India implantable medical devices?

The India implantable medical devices market size reached US$ 102.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 151.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Market Outlook:

Implantable medical devices are placed inside a patient's body to support, monitor, or treat various medical conditions. These devices are surgically implanted into the body and can range from simple devices, such as pacemakers and orthopedic implants, to complex devices, including artificial organs and deep brain stimulators. Implantable medical devices are designed to remain in the body for a long time and are often made of biocompatible materials to reduce the risk of rejection or adverse reactions. These devices play a crucial role in improving the quality of life for patients with chronic medical conditions and are widely used in modern healthcare.

Market Trends: 

The increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, and diabetes, represents a significant factor driving the market growth in India. In line with this, the rising geriatric population, which is more prone to chronic illnesses, is further contributing to the growth of the market. In addition to this, the increasing healthcare expenditure and government initiatives to improve healthcare infrastructure in India have led to a rise in the demand for advanced medical devices, including implantable medical devices.

Moreover, advancements in technology have led to the development of innovative implantable medical devices that are more efficient, durable, and cost-effective, thus driving the growth of the market. Apart from this, the increasing awareness regarding the benefits of implantable medical devices is creating a positive outlook for the market.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/india-implantable-medical-devices-market/requestsample

Key Market Segmentation:

The report has segmented the India implantable medical devices market on the basis of product, material, end user and region.

Breakup by Product:

• Orthopedic Implants
• Dental Implants
• Facial Implants
• Breast Implants
• Cardiovascular Implants
• Others

Breakup by Material:

• Polymers
• Metals
• Ceramics
• Biologics

Breakup by End User:

• Hospitals
• Ambulatory Surgery Centers (ASCs)
• Clinics

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=2821&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.