Implantable Medical Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Implantable Medical Device Trends and Forecast

The future of the global implantable medical device market looks promising with opportunities in the hospital, ambulatory surgery center, and clinic markets. The global implantable medical device market is expected to reach an estimated $225.1 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases and rising requirement for organ replacement.

A more than 150-page report is developed to help in your business decisions.

Implantable Medical Device by Segment

The study includes a forecast for the global implantable medical device by material, product, end use, and region.

Implantable Medical Device Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Polymers
• Metals
• Ceramics
• Biologics

Implantable Medical Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Orthopedic Implants
• Dental Implants
• Facial Implants
• Breast Implants
• Cardiovascular Implants
• Others

Implantable Medical Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgery Centers
• Clinics

Implantable Medical Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Implantable Medical Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies implantable medical device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the implantable medical device companies profiled in this report include-

• Abbott Laboratories
• Biotronik
• Boston Scientific
• C. R. Bard
• Cardinal Health

Implantable Medical Device Market Insights

Lucintel forecasts that metal is expected to witness the highest growth over the forecast period due to its various advantages, such as cost-effectiveness, versatality, and biocompatibility.

Within this market, hospital will remain the largest segment.

North America is expected to witness highest growth over the forecast period due to availability of advanced healthcare infrastructure and presence of key players in the region.

Features of the Global Implantable Medical Device Market

Market Size Estimates: Implantable medical device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Implantable medical device market size by material, product, end use, and region in terms of value ($B).

Regional Analysis: Implantable medical device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different materials, products, end uses, and regions for the implantable medical device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the implantable medical device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the implantable medical device market size?

Answer: The global implantable medical device market is expected to reach an estimated $225.1 billion by 2030.

Q2. What is the growth forecast for implantable medical device market?

Answer: The global implantable medical device market is expected to grow with a CAGR of 10.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the implantable medical device market?

Answer: The major drivers for this market are growing prevalence of chronic diseases and rising requirement for organ replacement.

Q4. What are the major segments for implantable medical device market?

Answer: The future of the implantable medical device market looks promising with opportunities in the hospital, ambulatory surgery center, and clinic markets.

Q5. Who are the key implantable medical device market companies?

Answer: Some of the key implantable medical device companies are as follows:

• Abbott Laboratories
• Biotronik
• Boston Scientific
• C. R. Bard
• Cardinal Health

Q6. Which implantable medical device market segment will be the largest in future?

Answer: Lucintel forecasts that metal is expected to witness the highest growth over the forecast period due to its various advantages, such as cost-effectiveness, versatality, and biocompatibility.

Q7. In implantable medical device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to availability of advanced healthcare infrastructure and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the implantable medical device market by material (polymers, metals, ceramics, and biologics), product (orthopedic implants, dental implants, facial implants, breast implants, cardiovascular implants, and others), end use (hospitals, ambulatory surgery centers, and clinics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?