Implantable Medical Devices Market analysis research and trends report for 2019-2025

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Worldwide Implantable Medical Devices Market
forecasts on regional growth, industry players
and more
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Implantable Medical Devices
Market

• Growing aging population coupled with increasing
  incidence of chronic diseases resulting into high
  mortality rate will drive the adoption of
  implantable medical devices in developed and
  developing nations
• Premarket approval (PMA) of implantable medical
  devices in the market will offer expansion
  opportunities
• Scarcity of organ donors worldwide will
  significantly contribute to rise in demand for
  implantable medical devices
• Major players operating in the implantable
  medical devices industry include Medtronic,
  Zimmer Biomet, Allergan, Boston Scientific
  Corporation, Abbott Laboratories and Cochlear
  among other players

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Continued...

• Rising geriatric population and increasing
  multitude of neurological and cardiological
  disorders worldwide will result in significant
  number of patients requiring implantable medical
  devices. According to the Centers for Disease
  Control and Prevention, one person dies every
  second from some form of cardiovascular disorder
  in the U.S. Certain disorders cannot be mitigated
  through medication alone, therefore implantable
  medical devices that provide faster recovery and
  better outcomes are being rapidly adopted.
  Thousands of people are enhancing their quality
  of life by adoption of implantable medical
  devices through surgical intervention, that will
  further significantly contribute towards the
  growth of the market over the projected years.
• Technological advancements and new product
  development in implantable medical devices market
  will offer lucrative opportunities for industry
  expansion in the foreseeable future. To reduce
  recall rates and offer effective treatment
  methods to patients, major market players are
  adopting novel technologies and right surface
  materials, thereby escalating the customer
  preference towards implantable medical devices
  market. Also, subsequent FDA approvals for
  implantable medical devices will impact the
  industry.

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Continued...

• Therapeutic implantable medical devices market
  accounted for substantial revenue of over USD
  89.0 billion in 2018. Increasing incidence of
  chronic disorders, high obesity rates leading to
  organ failure, rising cases of road accidents and
  other factors will positively influence
  therapeutic implantable medical devices market.
  These implantable medical devices are used to
  repair or heal the injury or disorder. Pacemaker,
  joint reconstruction, spinal devices, stents, and
  breast implants are some of the therapeutic
  implantable medical devices used widely across
  the global. Therefore, adoption of advanced
  medical devices and favorable reimbursement
  scenario will augment the segmental growth.
• Static/non-active/passive implantable medical
  devices market accounted for more than 76
  segmental share in 2018. Static or non-active
  implantable medical devices play a vital role in
  healthcare industry. With rising number of
  accidents, increasing geriatric population and
  rising prevalence of chronic disease will drive
  the demand for static implantable medical devices
  market.

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Continued...

• Industry players are implementing various
  strategies such as product innovations and
  partnerships to gain competitive advantage for
  business expansion. In February 2019, Medtronic
  announced the launch of deep brain stimulation in
  the U.S. for Medically-Refractory Epilepsy. The
  product launch enabled company in expanding its
  product portfolio as well as existing customer
  base in U.S.

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