Constant issuance of new product launches, together with shortened approval process has been motivating the growth of the concerned market quite substantially
Albany, NY -- (SBWIRE) -- 05/09/2018 -- It has been noticed that, the global market for active implantable medical devices has been on a rise due to increasing prevalence of certain chronic diseases like neurological and cardiovascular disorders. Furthermore, the constant issuance of new product launches, together with shortened approval process has been motivating the growth of the concerned market quite substantially. To study the active implantable medical devices market further, a new research report titled "Active Implantable Medical Devices Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast, 2017 – 2025", has been added to the vast storehouse managed by Market Research Reports Search Engine (MRRSE). This evaluation is quite beneficial to readers who wish to gather supreme knowledge about the current & future market status. Above all, future revenue generation linked to active implantable devices utilized for medical procedures, is also enclosed in the report.
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This report offers an estimated market size (US$ Mn) for product, end user, procedure and geography, during the period 2016 to 2025. Furthermore, the market overview portion examines the market dynamics, namely, drivers, restraints and opportunities which are expected to influence the ongoing implantable medical devices market in the near future. Interestingly, a precise update about the Porter's five force analysis is available in the report that drops light over the competitive intensity. On the basis of geography, the target market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Under this, readers can acquire detailed country-specific analysis important in interpreting the actual scenario in the implantable medical devices market. According to research findings, North America acquired a total share of 33%, emerging as the dominant market region in the year 2016. However, in the years to follow, Asia Pacific is projected to offer promising growth to several market player; this is primarily due to notable rise across Asian economies like China, South Korea and India.
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Considering the product type, the overall implantable medical devices market is segmented into implantable cardioverter defibrillators (ICD), nerve stimulators, cardiac pacemaker, cochlear implants, insertable cardiac monitor (implantable monitoring devices) and ventricular assist devices (VAD). Moreover, the significant end-users for these devices are hospitals, specialty clinics and ambulatory surgery centers. The final section of the report includes detailed information about the major players, such as Boston Scientific Corporation, Abbott Laboratories, Medtronic Plc., BIOTRONIK SE & Co. KG, Sonova Holding AG, LivaNova PLC, Nurotron Biotechnology Co. Ltd., Cochlear Ltd., MED-EL Medical Electronics and William Demant Holding A/S.
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