Active Implantable Medical Devices Market research Report 2023-2032: Market Trends, Size, Key Players And Forecast | Abbott Laboratories, Boston Scientific Corporation, LivaNova Plc., Medtronic Plc., Sonova Holding AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Active Implantable Medical Devices Global Market Report 2023 identifies increasing number of cardiovascular diseases as the major driver for the Active Implantable Medical Devices market's growth in the forecast period. Cardiovascular disease (CVD) refers to any condition that affects the heart or blood vessels. It is generally associated with the formation of fatty deposits inside the arteries (atherosclerosis) and an increased risk of blood clots.

The global active implantable medical devices market size is expected to grow from $22.95 billion in 2022 to $24.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global active implantable medical devices market size is expected to grow to $33.65 billion in 2027 at a CAGR of 7.8%.

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Major competitors in the Active Implantable Medical Devices market are Abbott Laboratories, Boston Scientific Corporation, LivaNova Plc., Medtronic Plc., Sonova Holding AG.

A key trend in the Active Implantable Medical Devices market includes Product innovations. Major companies operating in the market are developing innovative products to sustain their position in the market. For instance, in June 2021, the researchers of Northwestern and George Washington University, a US-based nationally chartered private research university developed the first transitory pacemaker - a wireless, battery-free, totally implanted pacing device that vanishes when no longer required. The thin, flexible, and lightweight device can be utilized in patients who require temporary pacing following cardiac surgery or while awaiting a permanent pacemaker. All pacemaker components are biocompatible and will spontaneously dissolve into the body's biofluids over the course of five to seven weeks without the need for surgical extraction. Using near-field communication protocols, the device wirelessly gathers energy from an external, remote antenna. This eliminates the need for heavy batteries as well as stiff hardware such as wires (or leads).

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The Active Implantable Medical Devices market is segmented -

1. By Product: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (Icd), Nerve Simulators, Cochlear Implants, Ventricular Assist Devices
2. By Application: Cardiovascular, Neurological, Hearing Impairment, Other Applications
3. By End-User: Hospitals, Speciality Clinics, Ambulatory Surgical Centres
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Active Implantable Medical Devices market.

The Business Research Company's "Global Active Implantable Medical Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Active Implantable Medical Devices Market Include:

1. Executive Summary
2. Active Implantable Medical Devices Market Characteristics
3. Active Implantable Medical Devices Market Trends And Strategies
4. Active Implantable Medical Devices Market - Macro Economic Scenario
5. Active Implantable Medical Devices Market Size And Growth
……
26. Africa Active Implantable Medical Devices Market
27. Active Implantable Medical Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Active Implantable Medical Devices Market
29. Active Implantable Medical Devices Market Future Outlook and Potential Analysis
30. Appendix

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