The Global Active Implantable Medical Devices Market accounted to USD 18.9 billion in 2016 growing at a CAGR of 8.3% during the forecast period of 2019 to 2026.
Market Definition: Active Implantable Medical Devices Market
Implantable medical devices are the medical device that has been intended to be totally or partially inserted, surgically or medically, into the human body using the medical intervention into a natural orifice, and it is dedicated to remain after the procedure. There are many various devices which are inserted in the body such as implantable nerve stimulators, implantable cardiac pacemakers, implantable defibrillators, and bladder stimulators.
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Major Market Drivers & Restraints are as follows:
- Growing Problems of Cardiovascular Diseases
- Prolonged Applications of Neurostimulators
- Regulatory Hurdles in U.S.
- Rising of Other Emerging Market
- Shortage of Skilled Professionals
Key Market Competitors: Active Implantable Medical Devices Market
Few of the major competitors are Boston Scientific Corporation, Cochlear Ltd., Zimmer Biomet, Smith & Nephew, Johnson & Johnson Services Inc., BIOTRONIK SE & Co. KG, LivaNova PLC, Abbott, Straumann AG, Medtronic, Integra Lifesciences Holdings Corporation, Stryker, William Demant Holding A/S, Nurotron Biotechnology Co. Ltd., Sonova Holding AG, C.R. Bard Inc., 3M, Dentsply Sirona, Allergan Inc., NuVasive, Inc., Cardinal Health, Inc., Microport Scientific Corporation, CONMED Corporation, Globus Medical, Inc., and MED-EL among others.
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Market Segmentation: Active Implantable Medical Devices Market
By technology the global active implantable medical devices market is segmented into implantable cardioverter defibrillators, ventricular assist devices, implantable cardiac pacemakers, dental implants, implantable hearing devices, ventricular assist devices, and neurostimulators.
Implantable cardioverter defibrillators is further sub-segmented into transvenous, and subcutaneous.
Transvenous defibrillators are again sub-segmented into biventricular implantable cardioverter defibrillators (ICDs)/cardiac resynchronization therapy defibrillators (CRT-Ds), single-chamber implantable cardioverter defibrillators, and dual-chamber implantable cardioverter defibrillators.
Implantable hearing devices are further sub-segmented into active hearing implants, and passive hearing implants
Neurostimulators are again sub-segmented into deep brain stimulators, spinal cord stimulators, sacral nerve stimulators, vagus nerve stimulators, and gastric electrical stimulators.
On the basis of end-users the global active implantable medical devices market is segmented into hospitals, ambulatory centers, cardiac centers, dental clinics, others.
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The global active implantable medical devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of active implantable medical devices market for global, Europe, North America, Asia Pacific and South America.
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