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Global Active Implantable Medical Devices Market 2023 - By Trends, Industry Drivers, Opportunities, Challenges, Market Segments And Forecast To 2032
Active Implantable Medical Devices Market
The Business Research Company's latest "Global Active Implantable Medical Devices Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
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The global active implantable medical devices market reached a value of nearly $22,950.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.0% since 2017. The market is expected to grow from $22,950.0 million in 2022 to $33,650.0 million in 2027 at a rate of 8.0%. The market is then expected to grow at a CAGR of 8.9% from 2027 and reach $51,520.0 million in 2032.
Active implantable medical devices (AIMDs) are active medical devices that are designed to be partially or completely implanted inside the human body to provide therapeutic, diagnostic, or monitoring functions. Unlike passive implants that remain inert and do not require an internal power source, AIMDs are powered by batteries or other sources of energy, allowing them to actively interact with the body's physiological systems.
The active implantable medical device firms are focusing on integration of artificial intelligence (AI) to strengthen their product portfolio. AI and machine learning are being integrated into active implantable devices to improve their functionality and adaptability. These technologies can analyze data, predict trends, and optimize device performance for individual patients. For example, in May 2023, BIOTRONIK, a Germany-based medical device company that develops, manufactures and distributes cardiovascular and endovascular solutions, introduced the BIOMONITOR IV implantable cardiac monitor (ICM), to improve the standard of care in cardiac monitoring. The device features BIOTRONIK's advanced, AI-powered Smart ECG algorithm, which reduces all false positive detections and improves the accuracy of arrhythmia detection.
Active Implantable Medical Devices Market Segmentation:
By Product Type
The active implantable medical devices market is segmented by product type into
a) Cardiac Pacemakers
b) Implantable Cardioverter Defibrillators (ICD)
c) Nerve Simulators
d) Cochlear Implants
e) Ventricular Assist Devices
f) Other Products
By Application
The active implantable medical devices market is segmented by application into
a) Cardiovascular
b) Neurological
c) Hearing Impairment
d) Other Applications
By End-User -
The active implantable medical devices market is segmented by end user into
a) Hospitals
b) Specialty Clinics
c) Ambulatory Surgical Centers
By Geography -
Asia Pacific was the largest region in the active implantable medical devices market
Some of the key players involved in the Active Implantable Medical Devices market are Medtronic PLC, Boston Scientific Corporation, Cochlear Limited, Abbott Laboratories, Sonova Holding AG.
The regions covered in the global Active Implantable Medical Devices market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………………………………………..
20. Company Profiles
21. Key Mergers And Acquisitions
22. Opportunities And Strategies
23. Active Implantable Medical Devices Market, Conclusions And Recommendations
24. Appendix
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