Implantable Medical Device Market (Material - Naturals, Metal, Alumina Ceramics, and Polymer; Product - Cardiovascular Implants, Orthopedic Implants, Intraocular Implants, Breast Implants, Dental Implants, and Others; End-user - Ambulatory Surgical Centers, Hospitals, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025. The global implantable medical device market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.
Pune, India -- (SBWIRE) -- 03/29/2019 -- Our latest research report entitled Implantable Medical Device Market (by material (naturals, metal, alumina ceramics, and polymer), product (cardiovascular implants, orthopedic implants, intraocular implants, breast implants, dental implants, and others), end-user (ambulatory surgical centers, hospitals, and others)) Global Industry Analysis, Trends, Size, Share and Forecasts to 2025 provides complete and deep insights into the market dynamics and growth of Implantable Medical Device. Latest information on market risks, industry chain structure Implantable Medical Device cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Implantable Medical Device growth factors.
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Implantable Medical Device Market: Industry Insights
An implantable medical device is manufactured to support or replace any missing and damaged biological structure. This device helps many patients to boost their present biological structure also enhance the working of the body organs and improves the quality of life. This device can be implemented in the human body either temporarily or permanently with surgeries and can be removed when it is not required.
Implantable Medical Device Market: Drivers and Restraints
Increasing incidences of chronic diseases such as arthritis, heart failure, cancer and so on in which several types of implants are required for sustaining the life of a patient is driving the demand implantable medical device market. Cardiovascular Diseases is a major cause of death worldwide. As per an estimate by WHO 17.9 million people died from CVDs in 2016. Intake of tobacco, inactive lifestyle and unhealthy diet resulting in obesity upsurge the risk of strokes and heart attacks. Implantable medical devices improve the quality of patient's life. On the other side, high cost connected with the implementation of these devices and limited insurance scheme the growth of the implantable medical device market. Further, advancement in 3D technology for implanting the devices will be creating a growth opportunity in upcoming years.
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Implantable Medical Device Market: Segmentation
The implantable medical devices market is segmented into the material, product, and end-user. Based on the material the market is classified into naturals, metal, alumina ceramics, and polymer. Metal holds the major share in the market out of which titanium is the most preferred material used as an implementable medical device. Further, on the basis of product, the market is divided into cardiovascular implants, orthopedic implants, intraocular implants, breast implants, dental implants, and others. An orthopedic implant is estimated to be the largest market in terms of shares. Addition to this, increasing incidents of accidents is boosting the growth of this market. As per a global status report launched by WHO on road safety highlights that the number of annual road traffic deaths has reached 1.35 million and this road traffic is the foremost reason for the death of aged 5-29 years. Besides, aged patients from 55-80 years going under orthopedic implant surgeries has increased and this factor supports the growth of the market. Based on end-users the market is bifurcated into ambulatory surgical centers, hospitals, and others.
Implantable Medical Device Market: Regional Insights
Among the geographies, North America dominated the global implantable medical devices market followed by the Asia Pacific. In North America region factors such as growing incidences of chronic diseases and increasing awareness regarding the use of these implantable devices drives the growth of the market. Further, in Asia Pacific region growing investment in the health care sector by government and increasing in numbers of road accidents are boosting factors for the growth of implantable medical devices.
Implantable Medical Device Market: Competitive Analysis
The major key players in global implantable medical devices market are Abbott Laboratories, Johnson & Johnson Services, Inc., Stryker Corporation, Conmed Corporation, Boston Scientific Corporation, Integra Lifesciences Holdings Corporation, Nuvasive, Inc., Biotronik SE & Co. KG, Cardinal Health, Inc., and Globus Medical, Inc. In January 2017, Abbott completed the acquisition of St. Jude Medical. Further, St. Jude Medical is one of the leading producers of cardio rhythm devices such as implantable defibrillators and pacemakers in the world.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Implantable Medical Device.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.