openPR Logo
Press release

 Global Active Implantable Medical Devices Market Is Expected To Witness A Robust Cagr Of 5.4%

02-08-2018 03:21 PM CET | Health & Medicine

Press release from: Medical Device By CMI

 Global Active Implantable Medical Devices Market Is Expected

Active implantable medical devices are medical devices totally or partially introduced into the body by a surgical procedure in a natural orifice and remains in that position afterward procedures as well. Active medical devices function by relying on electrical energy or any other power source, which is not generated by the human body. Active implantable medical devices fall into highest risk categories of medical devices listing of the U.S. Food & Drug Administration (FDA). Active implantable medical devices include implantable pacemaker, cochlear implants, implantable defibrillators, drug infusion pumps, neurostimulator, cardiac resynchronization therapy devices, and others. Active implantable medical devices play a significant role in management of a number of diseases such as cardiovascular devices, Parkinson’s disease, epilepsy, spasticity, and patients with hearing or visual impairment. Pacemakers and implantable cardioverter defibrillators (ICDs) are significant components in the management of cardiovascular conditions. Strong magnetic field used in MRI procedures could affect the normal traditional pacemaker functions, however, with advent of MRI compatible pacemakers patients can undergo MRI scans safely, which is expected to increase the adoption rate of pacemakers. For instance, magnetic resonance imaging (MRI) compatible pacemakers, and leadless pacemakers have been introduced in the market since 2011 by Medtronic, and BIOTRONIK

Advancements in technology in the product space and new product launches is expected to boost growth of the active implantable medical devices market

Leading players in the market are focusing on development and launching of new products in order to remain competitive in the market and retain their market share. Initially, these devices were large in size, however, miniaturization of pacemakers and ICDs has simplified the implantation procedure and miniaturization of the products reflects the continuous innovation in the products. This is expected to fuel demand for such products, in turn reflecting growth of the market. For instance, Medtronic’s first leadless pacemaker Micra TPS was approved by the U.S. Food & Drug Administration in 2016 and is known to be the smallest pacemaker. Other innovations such as cardiac contractility modulation, and wireless pacing are expected to positively impact growth of the active implantable medical devices market. Implantable continuous glucose monitoring (Sensonic’s Eversense CGM with implantable sensor, which lasts up to 90 days), and implantable infusion pumps are also expected to propel market growth. Introduction of wireless technology and mobile connectivity has further led to increased functions and effectiveness of these devices. For instance, Cochlear Ltd. collaborated with Apple, Inc. to offer cochlear implants with iPhone connectivity, which was launched in July 2017.

Request For Sample Copy@
https://www.coherentmarketinsights.com/insight/request-sample/1126

The global active implantable medical devices market was valued at US$ 16,721.2 million in 2016 and is expected to witness a robust CAGR of 5.4% over the forecast period (2017–2025).

Rising prevalence of cardiovascular, chronic pain diseases, and hearing disorders is expected to boost growth of the active implantable medical devices market over the forecast period

Increasing global prevalence of cardiovascular system diseases, chronic pain diseases, and associated co morbidities is expected to have a positive impact on the growth of the market. According to the World Health Organization (WHO), around 17 million people die annually from cardiovascular diseases. According to the Centers for Disease Control and Prevention (CDC), 2017, 2.7 to 6.1 million people in the U.S. are suffering from atrial fibrillation, which is the most common type of heart arrhythmia. Prevalence of neurological disorders such as Parkinson’s disease, epilepsy, essential tremors, and dystopia is reported to be high in developed and emerging economies such as India. For instance, around 50,000 people are diagnosed with Parkinson’s disease, annually, in the U.S. according to National Institute of Health (NIH), 2013 data. Neurostimulation is effective in the treatment of these neurological diseases, which is expected to support growth of implantable medical devices market over the forecast period.

However, restraining factors for the market growth are risks associated with use of active implantable medical devices, which are infection at the surgical site and sensitivity to the device material. Furthermore, failure to deliver therapy when needed or receiving extra therapy when not necessary is another factor adversely affecting growth of the market. Active implantable medical devices fall into highest risk category of medical device listing of the U.S. FDA and are subjected to strict scrutiny highly focused on security and privacy which has resulted in various product recalls. For instance, recall of about 500,000 pacemakers manufactured by St. Jude Medical, Inc. in August 2017, due to hacking concerns. Such events could hamper the growth of active implantable medical devices market over the forecast period.

Some major players operating in the active implantable medical devices market are Cochlear Limited, Boston Scientific Corporation, Medtronic Plc, LivaNova Plc, Abbott Laboratories, Sonova Holding AG, William Demant holding A/S, Nurotron Biotechnology Co., Ltd., and Med-EL.

Get More Details On this Report:
https://www.coherentmarketinsights.com/market-insight/active-implantable-medical-devices-market-1126

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com
Visit our news Website: http://www.coherentchronicle.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release  Global Active Implantable Medical Devices Market Is Expected To Witness A Robust Cagr Of 5.4% here

News-ID: 937430 • Views:

More Releases from Medical Device By CMI

Custom Procedure Trays and Packs Market – Insights
Custom Procedure Trays and Packs Market – Insights
Increasing number of surgical procedures is fuelling the adoption of custom procedure trays and packs (CPTP) market during the forecast period. For instance, according to the WHO, global volume of the surgeries performed in 2012 was estimated to 266.2 to 359.5 million, out of which one in every 20 operations globally was done in very-low-expenditure Member States. Increase in geriatric population, who are more likely to develop chronic wounds as they
Robotic Rehabilitation and Assistive Technologies Market, By Product Type
Robotic Rehabilitation and Assistive Technologies Market, By Product Type
Rehabilitation robotics and assistive technologies allow for use of robotic devices for rehabilitation of patients suffering from mobility issues. Robotic rehabilitation and assistive technologies allow for application of robotics in therapeutic procedures to help with recovery a person from various diseases or disabilities such orthopedic traumas, neuromotor disorders, cognitive diseases, strokes and spinal cord injury. Assistive robotics allows people suffering from degenerative motor and/or cognitive abilities to lead an independent
Spectrophotometer Market : Moving Towards a Brighter Future
Spectrophotometer Market : Moving Towards a Brighter Future
North America is expected to hold dominant position in the market and is also expected to show significant growth in the spectrometer market, due to increasing launch of novel products in the region by key players. For instance, in February 2018, Thermo Fisher Scientific, a U.S.-based company, launched TSQ 9000 Triple Quadrupole GC-MS/MS System. This system has been designed to increase productivity, with enhanced sensitivity, and it also reduces maintenance
Clinical Mass Spectrometry: Innovative Solution for Diverse Medical Applications
Clinical Mass Spectrometry: Innovative Solution for Diverse Medical Applications
Clinical Mass Spectrometry: Innovative Solution for Diverse Medical Applications Clinical mass spectrometry serves as a quantitative and qualitative analytical tool for assessment of complex mixtures in all the phases of drug development, including identification of the lead compound and their conformational details. Clinical laboratories use automation for the management of large number of samples through, either total automation systems or high level analyzer automation that are offered by clinical mass spectrometers

All 5 Releases


More Releases for Active

Active Packaging Market To See Huge Growth By 2022-2028 | Amcor, Active Packagi …
According to a new examination on the Active Packaging market, a clear state of affairs of the market environment is available, spanning the modern-day and future status of the market. The scope and chance of being profitable, in addition to the producer profile, production details, and intake tendencies, have all been thoroughly researched within the forecast period. They have a look at presents facts on rising traits and market dynamics
Get active with Tractive
Tractive unveils its new Activity Monitoring feature to keep pets fit Pasching, July 9th, 2020 Here’s a jaw-dropping fact: The Association for Pet Obesity Prevention estimates that over 56% of cats and dogs are overweight. That’s why Tractive, a world market leader in GPS tracking and pet security that’s trusted by pet parents everywhere, is releasing a new activity monitoring feature to keep pets fit as well as safe. Fitness buddy.
Active Packaging Market Development 2018-2023 With Growth Strategies of Top Comp …
The terms active packaging, intelligent packaging, and smart packaging refer to packaging systems used with foods, pharmaceuticals, and several other types of products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience. According to this study, over the next five years the Active Packaging market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by
Active Packaging Market Development 2018-2023 With Growth Strategies of Top Comp …
The terms active packaging, intelligent packaging, and smart packaging refer to packaging systems used with foods, pharmaceuticals, and several other types of products. They help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience. According to this study, over the next five years the Active Packaging market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by
Global Active Packaging Forecast 2018-25 Estimated with Top Key Players like Bem …
QY Research has come up with a newly published report on global Active Packaging market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation and forecasting. The report highlights the Active Packaging market size and CAGR of the important segments, thus providing a quick relevant information of the global Active Packaging market. Report
Active Electronic Components Market - Increased The Need For Energy Efficient Ac …
According to a new market report published by Transparency Market Research “Active Electronic Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, the active electronic components market was worth US$ 182.9 Bn in 2014 and is expected to reach US$ 376.9 Bn by 2023, growing at a CAGR of 8.4% from 2015 to 2023. North America was the largest market for active electronic components