Implantable Medical Devices Market Size, By Product, By Type, By Nature of Device, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023

Description

Global Implantable Medical Devices Market is expected to expand positively through 2032 owing to the surging preference for biomaterials to accomplish better biocompatibility as well as outcomes. Moreover, a slew of technological innovations in implantable medical devices is expected to boost product performance and clinical results.

To illustrate, Coherent Corporation in early 2023, launched a fully automated laser system, AP 530 S, for marking and texturing implantable medical devices. The process is contactless, which eliminates the risk of contamination and ensures improved level of uniformity and quality for medical devices.

Prominent companies are creating high-end implantable technologies as well as data monitoring applications that offer clinical data regarding patient health and device performance. For instance, in March 2022, Johnson & Johnson revealed that its DePuy Synthes division has introduced two cutting-edge knee implants, the ATTUNE Cementless Fixed Bearing Knee as well as the ATTUNE Medial Stabilized Knee System. The novel product launch helped the firm improve its product portfolio and boost its revenue share.

The implantable medical devices market has been divided in terms of product, type, nature of devices, end-use, and region.

Based on product, the plastic surgery segment is slated to grow at more than 10.5% CAGR from 2023 to 2032. Increased awareness of physical attributes as well as the burgeoning preference for a specific beauty standard is expected to drive market expansion.

With respect to end-use, the hospitals segment is anticipated to attain sizable market expansion over the review years fueled by the deployment of cutting-edge implantable devices in hospital settings that deliver improved outcomes. Other factors favorably influencing the expansion of the hospital segment include rising illness screening programs, growing hospitalizations for chronic disorder treatments, such as heart and orthopedic conditions, as well as rising admissions for heart and orthopedic problems.

From the regional perspective, the Latin America implantable medical devices market is speculated to grow at more than 10% CAGR from 2023 to 2032. The regional expansion is expected to be driven by expanding population base throughout the region and an increase in medical tourism. The demand for technologically improved equipment for the treatment of various diseases is also expected to drive market expansion in the LATAM region.

As per reports, Mexico stands as the second most popular destination for medical tourism worldwide, with an influx of 1.4 million to 3 million people to take advantage of inexpensive treatment.

Product Code: 4483

Chapter 1 Methodology & Scope

1.1 Methodology
1.2 Market scope & definitions
1.3 Base estimates & working
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 MEA
1.4 Forecast calculations
1.5 Data validation
1.6 COVID-19 impact analysis at global level
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Implantable medical devices industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Type trends
- 2.1.4 Nature of device trends
- 2.1.5 End-use trends
- 2.1.6 Regional trends

Chapter 3 Implantable Medical Devices Industry Insights

3.1 Industry landscape, 2018 - 2032
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing incidence of chronic diseases across the globe
  - 3.2.1.2 Scarcity of organ donors
  - 3.2.1.3 Technological advancement in developed nations
  - 3.2.1.4 Rising government funding for implantable medical devices in developed countries
  - 3.2.1.5 Increasing focus on development of microelectronics and implantable sensors
  - 3.2.1.6 Growing adoption of biomaterials for better biocompatibility and outcomes
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 High cost of devices
  - 3.2.2.2 Stringent regulations for active implantable medical devices
  - 3.2.2.3 Considerable rate of post-procedural complications
  - 3.2.2.4 High number of recalls of implantable medical devices
3.3 Growth potential analysis
- 3.3.1 By product
- 3.3.2 By type
- 3.3.3 By nature of devices
- 3.3.4 By end-use
3.4 COVID-19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
- 3.5.3 Asia Pacific
3.6 Reimbursement scenario
3.7 Technology landscape
3.8 Pricing analysis, 2021
3.9 Trend in adoption of materials for manufacture of implantable medical devices
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2021

4.1 Introduction
4.2 Competitive dashboard, 2021
4.3 Company matrix analysis, 2021
4.4 Company market share analysis, 2021

Chapter 5 Implantable Medical Devices Market, By Product

5.1 Key segment trends
5.2 Cardiovascular
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.2 Pacemaker
  - 5.2.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.3 Implantable cardiac defibrillators (ICDs)
  - 5.2.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.4 Cardiac Resynchronization Therapy (CRT)
  - 5.2.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.5 Stents
  - 5.2.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.6 Ventricular assist devices
  - 5.2.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.7 Implantable cardiac monitors (ICM)
  - 5.2.7.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.8 Others
  - 5.2.8.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.3 Orthopedic
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.2 Joint reconstruction
  - 5.3.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.3 Trauma fixation devices
  - 5.3.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.4 Spinal devices
  - 5.3.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.5 Others
  - 5.3.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.4 Ophthalmology
- 5.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.4.2 Intraocular lenses & glaucoma implants
  - 5.4.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.4.3 Others
  - 5.4.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.5 Plastic surgery
- 5.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.5.2 Breast implants
  - 5.5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.5.3 Gluteal implants
  - 5.5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.6 Neurology
- 5.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.6.2 Deep brain stimulators
  - 5.6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.6.3 Others
  - 5.6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.7 Dental
- 5.7.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.7.2 Dental implants
  - 5.7.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.7.3 Dental crowns & abutment
  - 5.7.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.7.4 Others
  - 5.7.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
5.8 Others
- 5.8.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 6 Implantable Medical Devices Market, By Type

6.1 Key segment trends
6.2 Treatment
- 6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
6.3 Diagnostic
- 6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 7 Implantable Medical Devices Market, By Nature of Devices

7.1 Key segment trends
7.2 Active
- 7.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
7.3 Static/Non-active/Passive
- 7.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 8 Implantable Medical Devices Market, By End-use

8.1 Key segment trends
8.2 Hospitals
- 8.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.3 Multi-specialty centers
- 8.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.4 Ambulatory surgical centers
- 8.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.5 Clinics
- 8.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
8.6 Others
- 8.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)

Chapter 9 Implantable Medical Devices Market Market, By Region

9.1 Key regional trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Poland
- 9.3.7 Austria
- 9.3.8 Switzerland
- 9.3.9 Sweden
- 9.3.10 Denmark
- 9.3.11 Slovakia
- 9.3.12 Czech Republic
- 9.3.13 Finland
- 9.3.14 Benelux
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Taiwan
- 9.4.7 Indonesia
- 9.4.8 Thailand
- 9.4.9 Vietnam
- 9.4.10 Cambodia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 Middle East & Africa
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Medtronic Plc
10.2 Zimmer Biomet
10.3 AbbVie Inc. (Allergan plc)
10.4 MicroPort Scientific Corporation
10.5 Stryker Corporation
10.6 Smith & Nephew plc
10.7 Boston Scientific Corporation
10.8 Abbott Laboratories, Inc
10.9 Alcon Laboratories
10.10 Bausch & Lomb
10.11 Mindray Medical International Limited
10.12 POLYTECH Health & Aesthetics
10.13 MED-EL GmbH
10.14 Demant A/S
10.15 Advanced Bionics Corporation (Sonova Holdings AG)
10.16 Cochlear Limited
10.17 W. L. Gore & Associates, Inc
10.18 Johnson & Johnson
10.19 Henry Schein, Inc
10.20 BIOTRONIK SE & Co. KG

Implantable Medical Devices Market Size, By Product, By Type, By Nature of Device, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032