Implantable Medical Devices Market Overview:
The global implantable medical devices market reached a value of US$ 120.5 Billion in 2021. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 168.3 Billion by 2027. Implantable medical devices are generally used for improving the functioning of body organs. These devices include coronary stents, implantable cardiac defibrillators (ICDs), hip implants, insulin pumps, interocular lenses and pacemakers. They can either be implanted inside the body temporarily or permanently for performing therapies, monitoring and diagnostic. As a result, these devices aid in supporting the function of other devices for treating ailments, infection control, drug delivery and tracking physiological factors or biomolecules. There has also been a considerable rise in the demand for implantable medical devices due to the increasing preference for maintaining an aesthetic appearance among the masses.
Global Implantable Medical Devices Market Trends:
The global market is primarily driven by the rising prevalence of chronic illnesses among the masses. In line with this, the increasing geriatric population, which is more susceptible to critical medical ailments, is one of the key factors contributing to the market growth. Along with this, various technological advancements across the globe and the widespread integration of the healthcare sector with modern technologies are creating a positive outlook for the market. Moreover, the rapid miniaturization of implantable medical devices is gaining prominence across the globe. Furthermore, rising investments by private and public firms to upgrade the existing the healthcare infrastructure is acting as another growth-inducing factor. Other factors, including rapid urbanization, inflating disposable income levels of the masses, and extensive research and development (R&D) activities conducted by key players, are further projected to drive the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.Report FeaturesDetailsBase Year of the Analysis2021Historical Period2016-2021Forecast Period2022-2027UnitsUS$ BillionSegment CoverageProduct Type, Material, End-User, Region
Implantable Medical Devices Market 2022-2027 Competitive Analysis and Segmentation:
Key Market Segmentation:
The report has segmented the global implantable medical devices market on the basis of product type, material, end-user and region.
Competitive Landscape With Key Players:
- Abbott Laboratories
- Boston Scientific Corporation
- C. R. Bard
- Cardinal Health
- Conmed Corporation
- Globus Medical, Inc.
- Integra Lifesciences Holdings Corporation
- Johnson & Johnson
- LivaNova PLC
- Medtronic plc
- Nuvasive, Inc.
- Smith & Nephew Plc
- St. Jude Medical
- Institut Straumann AG.
- Stryker Corporation
- Wright Medical Group N.V.
- Zimmer Biomet Holdings
Breakup by Product Type:
- Orthopedic Implants
- Dental Implants
- Facial Implants
- Breast Implants
- Cardiovascular Implants
Breakup by Material:
Breakup by End-User:
- Ambulatory Surgery Centers (ASCs)
Breakup by Region:
- North America
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800