Market Research Report
Implantable Medical Devices Market By Product (Orthopedic Implants, Cardiovascular Implants , Intraocular Lens , Dental Implants, Breast Implants, Other Implants), : Global Opportunity Analysis and Industry Forecast, 2020-2030
|Implantable Medical Devices Market By Product (Orthopedic Implants, Cardiovascular Implants , Intraocular Lens , Dental Implants, Breast Implants, Other Implants), : Global Opportunity Analysis and Industry Forecast, 2020-2030|
Published: March 1, 2022
Allied Market Research
Content info: 225 Pages
Delivery time: 2-3 business days
The global implantable medical devices market was valued at $91,868.94 million in 2020, and is projected to reach $179,032.75 million by 2030, registering a CAGR of 7.2% from 2021 to 2030. Implantable medical devices are surgically transplanted inside the body. These implants are used to replace or support any damaged body organ to enhance function of any body organ or to detect errors in normal body functioning. These devices can be either placed permanently or temporarily in human body and can be removed when they are no longer needed. These implantable devices are made up of bone, tissue, skin, ceramics, metals, and other natural materials.
The rise in prevalence of chronic diseases coupled with the rapidly ageing population drives the growth of the market. Moreover, increased awareness and technological advancements in medical implants also contributes toward the growth of the market. However, high implantation cost and lack of trained professionals in the medical surgeries sector are the major barriers for the growth of the market. Conversely, the surge in number of the reimbursement policies is expected to offer lucrative opportunities for market expansion during the forecast period.
The implantable medical devices market is segmented on the basis of product and region. By product, the market is categorized into orthopedic implants, dental implants, breast implants, cardiovascular implants, intraocular lenses and other implants. The orthopedic implants are further classified as spinal implants and reconstructive joint replacements. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By BY PRODUCT
By BY REGION