Implantable Medical Devices Market is Booming Worldwide According to New Research Report Forecast to 2030

According to our new research study on "Implantable Medical Devices Market Size and Forecast (2020-2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," the market is expected to grow from US$ 80,156.0 million in 2022 and is expected to reach a value of US$ 138,474.35 million by 2030; it is anticipated to record a CAGR of 7.1% from 2022 to 2030. Key factors driving the implantable medical devices market growth are growing areas of application of implantable medical devices and rising cases of spinal cord injury.

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Competitive Landscape: Implantable Medical Devices Market: Abbott Laboratories, Boston Scientific Corp, Dentsply Sirona Inc, Johnson & Johnson, Medtronic Plc, Institut Straumann AG, Smith & Nephew Plc, BIOTRONIK SE & Co KG, LivaNova Plc, and MED-EL Elektromedizin Gerate GmbH are among the key companies operating in the implantable medical devices market. The companies have been implementing various strategies that contributed to their growth and led to various changes in the market. The companies have utilized organic strategies (such as launches, expansion, and product approvals) and inorganic strategies (such as product launches, collaboration, and partnerships).

According to the WHO, in 2022, the US recorded 50 million epilepsy cases; 1 billion migraine cases; and 400,000 spinal cord injury cases. Spinal cord stimulation is one of the most preferred techniques in treating chronic back pain, primarily due to the anatomical and functional abilities of the spinal cord nerves to control the sensation of pain. The incidence of spinal cord injuries has rapidly increased over the past decade. The National Spinal Cord Injury Statistical Center (NSCISC) 2021 fact sheet states that the annual incidence of spinal cord injuries is 60 cases per million.

"Implantable Medical Devices Market research report delivers a comprehensive study on production capacity, consumption, import and export for all major regions across the world. Report provides is a professional inclusive study on the current state for the market. Analysis and discussion of important industry like market trends, size, share, growth estimates are mentioned in the report."

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The global implantable medical devices market is categorized on the basis of nature type, product type, material type, application, and end user. By nature type, the implantable medical devices market is bifurcated into active implant and passive implant. The passive implant segment held a larger market share in 2022. However, the active implant segment is anticipated to record a higher CAGR during the forecast period. Passive implants do not have any electronic or magnetic components, and they do not require any external power source to function.

Based on product type, the implantable medical devices is bifurcated into diagnostics and treatment. The market is segmented into metallic, ceramics, and polymers based on material type. In terms of application, the implantable medical devices market is segmented into cardiovascular implants, orthopedic implants, cardiovascular implants, breast implants, prosthetics implants, brain implants, and others. In terms of end user, the market is categorized into hospitals, specialty clinics, ASCs, and others.

The implantable medical devices market, based on geography, is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Chapter Details of Implantable Medical Devices Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Implantable Medical Devices Market Landscape
Part 04: Implantable Medical Devices Market Sizing
Part 05: Implantable Medical Devices Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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