Active Implantable Medical Devices Industry
Description
Wiseguyreports.Com Adds “Active Implantable Medical Devices – Global Market Outlook (2019-2026)” To Its Research Database
Global Active Implantable Medical Devices market is accounted for $19.40 billion in 2017 and is expected to reach $43.25 billion by 2026 growing at a CAGR of 9.3% during the forecast period. Some of the factors like increasing demand for technological advanced products, growing demand for neurostimulators are the factors that are fuelling the market growth. In addition, growing number of patients with cardiovascular disease and neurological disorders is also one of the favouring factor for the market growth. However, failure of device, high cost of implants and infection at surgical site are hindering the market.
Active Implantable Medical Devices are the devices which are partially or totally introduced into human body either surgically or medically. On the basis of product, implantable cardioverter defibrillators (ICD) held the largest market share and expected to remain the same during the forecast period by surpassing other products and also due to increasing prevalence of cardiovascular diseases. In terms of end users, hospital sector is the bench topper among all due to the infrastructural development and increasing demand of medical devices.
Some of the key players in Active Implantable Medical Devices market include William Demant Holding A/S, Nurotron Biotechnology Co. Ltd, MED-EL Medical Electronics, Medtronic Plc, LivaNova PLC , Sonova Holding AG, Cochlear Ltd, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, and Abbott Laboratories.
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Products Covered:
• Cardiac Pacemaker
• Implantable Cardioverter Defibrillators (ICD)
• Neuro stimulators
• Implantable Hearing Devices
• Insertable Cardiac Monitor (Implantable Monitoring Devices)
• Ventricular Assist Devices (VAD)
• Implantable Heart Monitors/Insertable Loop Recorders
Procedures Covered:
• Cardiovascular Implants
• Hearing Implants
• Neurological Implants
• Other Procedures
End-Users Covered:
• Ambulatory Surgery Centers
• Hospitals
• Specialty Clinics
Regional Description
The report of the Active Implantable Medical Devices market provides competitive strategies over various regions on a global note, where key players tend to maximize profits through partnerships into several regions. The regional report of the Active Implantable Medical Devices market aims at assessing the market size and future growth potential across the mentioned regions. The report makers cover the regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa with the prediction of future market expansion. The study of the Active Implantable Medical Devices market is done broadly following all these regions to embrace outlook, latest trends, and prospects in the given review period of 2019-2025.
Method of Research
The report of the Active Implantable Medical Devices market is a compilation of first-hand information of which qualitative and quantitative assessment is done by industry analysts as per the parameters of Porter’s Five Force Model. The current inputs from industry experts and industry participants also focus on a valuable chain across the globe. The reports also provide an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per the segmentation.
The comprehensive research procedure is divided into two steps, namely primary and secondary researches. With the help of this, the better understanding of Active Implantable Medical Devices market is also provided in terms of strengths, opportunities, weaknesses, and threats related with the industry, which could bring the future aspects to the business moguls worldwide. From the other perspective, the Active Implantable Medical Devices market research also focuses on various levels of study which includes industry trends and company profile with the help of outlook of high-growth, market drivers, restraints, challenges, and opportunities.
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