Active Implantable Medical Devices Market Foreseen to Grow Exponentially by 2025
As per The Insight Partners market research study named 'Active Implantable Medical Devices Market to 2025 - Global Analysis and Forecasts by Product and End User, the global active implantable medical devices market was esteemed at US$ 22,096.9 Mn in 2017 and is assessed to arrive at US$ 39,026.9 Mn by 2025. The market is assessed to grow with a CAGR of 7.9% from 2018-2025. The report features the trends prevalent in the global active implantable medical devices market and the factors driving the market along with those that go about as impediments to its growth.
The rising pervasiveness of cardiovascular illnesses, neurological issues and hearing problems, expanding mechanical headways and new product dispatches and enormous pool of geriatric populace are the main considerations that expected to impel the growth for the active implantable medical devices market in the gauge period. In any case, the significant expense of products and methodology and high pace of product reviews is supposed to go about as significant difficulties blocking the market growth at specific degree.
Global active implantable medical devices market fragmented into by product and end user. In view of product, the market is sectioned into implantable cardioverter defibrillators, implantable cardiovascular pacemakers, neurostimulators, implantable hearing devices, ventricular help devices and implantable heart screens/insertable circle recorders. The implantable cardioverter defibrillators fragment is further bifurcated into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators. Based on end user, the active implantable medical devices market delegated medical clinics, wandering a medical procedure places and specialty centers.
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The major players operating in the active implantable medical devices market include Abbott, Medtronic, Cochlear Ltd., Boston Scientific Corporation, BIOTRONIK SE&Co, LivaNova PLC, MED-EL, Sonova, William Demant Holding A/S, Nurotron Biotechnology Co. Ltd. and among others. The market players are focused towards bringing new and innovative product launches to sustain their position in the market. For instance, in July, 2017, Cochlear launched its iPhone cochlear implant sound processor. Additionally, in September 2017, Cochlear launched the Baha SoundArc which is the non-surgical bone conduction device.
Global Active Implantable Medical Devices Market – By End User
Hospitals
Ambulatory Surgery Centers
Specialty Clinics
Global Active Implantable Medical Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Asia Pacific (APAC)
Japan
China
India
Middle East & Africa (MEA)
South Africa
UAE
South and Central America (SCAM)
Brazil
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