Active implantable medical devices market is gaining remarkably from the increasing prevalence of several chronic diseases, such as cardiovascular and neurological disorders.
Albany, NY -- (SBWIRE) -- 03/13/2018 -- The global market for active implantable medical devices is likely to present an opportunity worth US$20.73 bn by 2025, expanding at a CAGR of 4.40% between 2017 and 2025.
Global Active Implantable Medical Devices Market: Overview
Active Implantable Medical Devices are medical implantable devices like cochlear implants, implantable defibrillators, Implantable cardiac monitoring devices, implantable nerve stimulators, ventricular assist devices (VAD) and implantable cardiac pacemakers primarily used to detect, monitor, avert, alleviate or treat disease or conditions in the patients. This report analyzes the current and future prospects of the active implantable medical devices market based on product, procedure, end user and geography.
The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of active implantable devices used in medical procedures in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases.
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Global Active Implantable Medical Devices Market: Scope of the Study
The report provides estimated market size in terms of US$ Mn for product, procedure, end user, and geography for the period 2016 to 2025. The revenue generated from product type was calculated by considering the adoption rate of active medical implants across all geographies, number of product launched, average cost of products, trends in industry, and end user trends, among others. It comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market.
It also provides information and data analysis of the market with respect to market segments based on product, procedure, end user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints and opportunities that influences the active implantable medical devices market in the current and future scenario. The report also provides Porter's five force analysis that studies five factors and their impact on the active implantable medical devices market.
Market share analysis among the market players is analyzed to signify the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide about the business strategies and plans to strengthen their positions in the global market. Based on geography, the market has been analyzed for major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The study also covers detailed country analysis contributing majorly in the active implantable medical devices market.
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Companies Mentioned in the Report
The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the active implantable medical devices market include Boston Scientific Corporation, Medtronic Plc., Abbott Laboratories, Sonova Holding AG, BIOTRONIK SE & Co. KG, LivaNova PLC, Cochlear Ltd., Nurotron Biotechnology Co. Ltd., William Demant Holding A/S and MED-EL Medical Electronics. Collaboration agreements was the primary strategy adopted by the major market players to enter into the active implantable medical devices.
The global active implantable medical devices market has been segmented as follows:
Single Chamber Pacemaker
Dual Chamber Pacemaker
Implantable Cardioverter Defibrillators (ICD)
Transvenous Implantable Cardioverter Defibrillators
Subcutaneous Implantable Cardioverter Defibrillators
Ventricular Assist Devices (VAD)
Insertable Cardiac Monitor (Implantable Monitoring Devices)
By End User
Ambulatory Surgery Centers
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of MEA
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