Global Active Implantable Medical Devices Market to Reach $40.3 Billion by 2029, Growing at 9.3% CAGR

"Which drivers are expected to have the greatest impact on the over the active implantable medical devices market's growth?
The active implantable medical devices market is anticipated to expand due to a growing incidence of cardiovascular diseases. Cardiovascular disease (CVD) includes any condition that impacts the heart or blood vessels, generally linked to the buildup of fatty deposits in the arteries (atherosclerosis) and an elevated risk of blood clots. Active implantable medical devices assist in regulating or monitoring abnormal heart rhythms in individuals with specific heart rhythm disorders or heart failure. The increasing elderly population is boosting the demand for these devices. A report by the American College of Cardiology, published in August 2022, predicts cardiovascular risk factors to rise from 2025 to 2060. The largest relative increase is expected in diabetes (a 39.3% increase to 55 million), followed by dyslipidemia (a rise by 27.6% to 126 million), hypertension (25.1% up to 162 million), and obesity (increasing 18.3% to 126 million). The study also showed substantial expected increases in rates of stroke (33.8% increase to 15 million) and heart failure (33.4% increase to 13 million), followed by ischemic heart disease (30.7% increase to 29 million) and heart attack (16.9% increase to 16 million). Consequently, the rise in cardiovascular diseases is stimulating the growth of the active implantable medical devices market.

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What is the future CAGR of the active implantable medical devices market, and how will it impact industry expansion?
The market for active implantable medical devices has experienced significant expansion in the recent past. From $26.19 billion in 2024, the market is expected to reach $28.2 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.7%. The surge witnessed in the historical period is credited to the robust economic development in burgeoning markets, higher spending on healthcare, the rising incidence of cardiovascular maladies, and the expansion of healthcare facilities.

In the forthcoming years, the market for active implantable medical devices is set to witness robust expansion. The market size is estimated to reach $40.3 billion in 2029, propelled by a compound annual growth rate (CAGR) of 9.3%. Factors such as an aging population, government assistance, and a rising incidence of neurological conditions contribute to the growth projected for this period. The forecast period is marked by key trends such as the introduction of new active implantable medical devices, strategic partnerships and collaborations, incorporation of wireless technologies for charging implantable medical devices, and the inclusion of artificial intelligence to enhance product offerings and maintain market competitiveness.

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What are the most significant trends transforming the active implantable medical devices market today?
Leaders in the active implantable medical device sphere, are concentrating on product innovation. In their line of focus lies the Polyether ether ket*one (PEEK) cranial implant, which they aim to provide a competitive advantage in the market. These PEEK cranial implants are sophisticated devices used in surgical repair of cranial defects. CureTech, which is a medical manufacturing firm based in Oman, introduced a PEEK cranial implant in April 2022 as an example. Polyether ether ket*one (PEEK) is highly favorable in the production of multiple implantable medical devices, given its biocompatible and mechanical qualities. It features a high-performance thermoplastic polymer that's radiolucent and biocompatible, with a modulus of elasticity resembling that of natural bone. As such, PEEK is widely employed in orthopedic procedures like spinal fusion, joint replacement, and trauma surgery.

Which key market segments comprise the active implantable medical devices market and drive its revenue growth?
The active implantable medical devices market covered in this report is segmented -

1) By Product Type: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (ICD), Nerve Simulators, Cochlear Implants, Ventricular Assist Devices, Other Products
2) By Application: Cardiovascular, Neurological, Hearing Impairment, Other Applications
3) By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers

Subsegments:
1) By Cardiac Pacemakers: Single Chamber Pacemakers, Dual Chamber Pacemakers, Biventricular Pacemakers
2) By Implantable Cardioverter Defibrillators (ICD): Transvenous ICDs, Subcutaneous ICDs
3) By Nerve Stimulators: Spinal Cord Stimulators, Peripheral Nerve Stimulators, Deep Brain Stimulators
4) By Cochlear Implants: Single-Electrode Cochlear Implants, Multichannel Cochlear Implants
5) By Ventricular Assist Devices: Left Ventricular Assist Devices (LVAD), Right Ventricular Assist Devices (RVAD), Bi-Ventricular Assist Devices (BiVAD)
6) By Other Products: Neurostimulators for Pain Management, Implantable Drug Delivery Systems, Implantable Blood Pressure Monitors

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What regions are at the forefront of active implantable medical devices market expansion?
North America was the largest region in the active implantable medical devices market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the active implantable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the active implantable medical devices market?
Major companies operating in the active implantable medical devices market include Medtronic PLC, Boston Scientific Corporation, Cochlear Limited, Abbott Laboratories, Sonova Holding AG, MED-EL Medical Electronics, Livanova PLC, Biotronik Se & Co., Kg, MicroPort Scientific Corporation, Envoy Medical Corporation, Pregna International, Johari Digital Healthcare Limited, Renalyx Health Systems, Medprime Technologies, Comofi Medtech, Dynamed Equipments, Aurolab, Unicorn Denmart Limited, Lepu Medical Technology Company, Calon Cardio, Better Medical Technology, Beijing Aeonmed Co., Ltd, BONSS MEDICAL, Koninklijke Philips N.V., Berlin Heals Holding AG, CorWave SA, Philips Healthcare, Draegerwerk AG, Getinge Group, Ceryx Medical, MEDICO s.r.l., Medical-Lomza Sp. z o.o., Panop CZ, Medplant LLC, P.H.U. Medical, ProVeterináre, Johnson & Johnson, Baxter, Stryker, Axio Biosolutions, Cirtec Medical, Masimo, Teleflex Inc, NAGL MedTech, B Braun Argentina, Braile Biomedica Ltd, Megadyne Argentina, Embramed Industria e Comercio de Produtos Hospitalares Ltd, Arabian Medical Enterprises LLC, Zahrawi Group, Al Burak Medical Services, Lodox Systems, Glenmed Healthcare Solutions (PTY) Ltd, Lepeke Medical Group, LTE Medical Solutions

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What Is Covered In The Active Implantable Medical Devices Global Market Report?

•Market Size Forecast: Examine the active implantable medical devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the active implantable medical devices market for a structured understanding.
•Key Players Overview: Analyze major players in the active implantable medical devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the active implantable medical devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the active implantable medical devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the active implantable medical devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the active implantable medical devices market.
•Competitive Landscape: Review strategic developments in the active implantable medical devices market, including expansions, agreements, and new product launches.

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