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Active Implantable Medical Devices Market by Product (Implantable Cardioverter Defibrillators (Transvenous & Subcutaneous), Cardiac Pacemaker, Ventricular Assist Device, Neurostimulator, Implantable Hearing Devices) - Global Forecast to 2022

Active Implantable Medical Devices Market: Global Forecast until 2022

  • April 2017
  • 207 pages
  • ID: 4823018
In this report:
ACCORDING TO THE AMERICAN ACADEMY OF NEUROLOGY, BY 2025, THE DEMAND FOR NEUROLOGIC SERVICES IS EXPECTED TO GROW BY ##% FOR PEOPLE AGED BETWEEN ##-## AND BY ##% FOR PEOPLE AGED ## AND OLDER.
THE GLOBAL ACTIVE IMPLANTABLE MEDICAL DEVICES MARKET IS EXPECTED TO REACH USD ##.## BILLION BY 2022 FROM USD ##.## BILLION IN 2017, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

Summary

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The active implantable medical devices market is forecasted to grow at a compound annual growth rate (CAGR) of 7.80 percent between 2017 and 2022, to attain ~$26.8B by 2022 from ~$18.4B in 2017.

The increase of this market is primarily attributed to the growing aging population, growing prevalence of cardiovascular and neurological diseases, business investments and funds to expand technologically advanced products, expanded applications of neurostimulators, and favorable reimbursement scenario for ENT procedures in developed countries.

On the other hand, unfavorable healthcare reforms in the U.S.A, issues associated to the use of implantable medical devices, and the strong cost of cardiac and neurostimulators implantable devices may hinder the rise of this market to a certain extent during the outlook period. Increase opportunities in the emerging industries and the development of subcutaneous implantable cardioverter defibrillators offer significant increase opportunities in this industry.

In this industry report, the active implantable medical devices market is divided on the basis of product and area. On the basis of product, the sector is divided into implantable cardioverter defibrillators, implantable cardiac pacemakers, implantable heart monitors/insertable loop recorders, ventricular assist devices, neurostimulators, and implantable hearing devices. The Implantable hearing devices segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period. The increase of this segment is primarily attributed to the rising prevalence of hearing loss across the world and increasing ENT procedures due to favorable reimbursement policies in the developed countries.

Geographically, North America continent commanded a main share of the active implantable medical devices market in 2016. Elements such as rise in geriatric population, growing prevalence of cardiovascular and neurological diseases, high accessibility to advanced technologies, rising development of innovative and technologically advanced products, and growing healthcare expenditure in the territory are contributing to the big share of North America. Nevertheless, Asia Pacific (APAC) is anticipated to witness the more important increase rate during the outlook period. Increase in the APAC market can be attributed to the increasing geriatric population, increasing incidence of chronic diseases, growing healthcare spending, healthcare reforms for infrastructural development, increasing demand for advanced technologies to expand advanced products, and less stringent regulations in this area.

Some of the prominent actors in the implantable cardiovascular devices market contain Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, and LivaNova PLC ; because, Cochlear Limited, MED-EL, Sonova Holding AG, William Demant Holding A/S, and Nurotron Biotechnology Co., Limited are the top actors in the implantable hearing devices market.

Segment Research

The analysis examines the different type of active implantable medical devices specified by medical device manufacturers across the world. It aims at evaluating the market value and future increase potential of the active implantable medical devices market for distinct products and localities. The market research also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product portfolio, latest developments, and key industries strategies.

Why Purchasing This Study Can Help You:

The industry report will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations in garnering a greater market share. Companies obtaining the study could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for rising their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product types provided by the top actors in the active implantable medical devices market. The market research examines the active implantable medical devices market by product and area

- Product improvement/Innovative products: In-depth understanding on the next trends, analysis and growth activities, and recent product launches in the active implantable medical devices market

- Industry development: Highlighted information about the profitable emerging sectors by product and area

- Industry diversification: Complete information about recent products, increasing geographies, recent evolutions, and market investments in the active implantable medical devices market

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the active implantable medical devices market

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