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.
Albany, NY -- (SBWIRE) -- 03/16/2018 -- The advanced medical devices industry has witnessed an exponential rise in the recent times. Companies are introducing innovative and novel products so as to maintain a competitive advantage in the industry. According to the latest study findings, rising healthcare expenditures and increasing research and development activities have been driving the growth of the global active implantable medical devices market. Market Research Hub (MRH) has freshly broadcasted a new study titled "Active Implantable Medical Devices Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast, 2017 – 2025" to its wide database, which provides a detailed analysis of the global market, highlighting on the market dynamics that are anticipated to assess the growth of the market in coming few years. The growth drivers, opportunities and challenges of the global active implantable medical devices market have been also deliberated in this research report that provides a clear understanding of the readers.
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Forecast Assumptions and Major Dynamics
According to the study evaluations, 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. Presently, the research also finds that increasing prevalence of cardiovascular and neurological disorders among people across the world is the main factor that has been influencing the growth of the global market for active implantable medical devices.
For those who are new to the market, this report offers a detailed introduction of active implantable medical devices along with its market segmentation by product type, procedure, end-user and geography. Active implantable medical devices are primarily used to detect, monitor, avert, alleviate or treat disease or conditions in the patients such as cardiovascular diseases (CVDs) and neurological disorders. Some of the major types of medical implantable devices include cochlear implants, implantable defibrillators, Implantable cardiac monitoring devices, implantable nerve stimulators, ventricular assist devices (VAD) and implantable cardiac pacemakers. It has been observed in the study that the demand for implantable cardioverter defibrillators (ICD) is greater at present and is expected to remain so over the next few years.
To give a better understanding of the report, it is structured in an easy to grasp manner. There is a country-specific data generated to also analyze the most lucrative regions of the market. The major regions in which active implantable medical devices market is segmented comprises Asia Pacific, North America, Latin America, Europe and MEA. Analysts predict that in terms of the region, North America led the global market in 2016 with a share of 33.5% and this trend is expected to grow in the near future.
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In the end, top players in the market and their competitive scenario have been profiled. Major companies profiled in the active implantable medical devices market include Sonova Holding AG, Boston Scientific Corporation, Medtronic Plc., William Demant Holding A/S Abbott Laboratories, BIOTRONIK SE & Co. KG, LivaNova PLC, Nurotron Biotechnology Co. Ltd., and MED-EL Medical Electronics.
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