Active Implantable Medical Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Active Implantable Medical Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Medical Devices | PPT format

Report Digest


Global Active Implantable Medical Devices Market: Snapshot

In the last few years, with the rapid development of the healthcare infrastructure, the global market for active implantable medical devices has been gaining traction. The market is likely to register a healthy growth in the next few years. The rising burden of cardiovascular diseases and the growing prevalence of neurological disorders are the key factors that are anticipated to encourage the growth of the global active implantable medical devices market in the next few years. The increasing funds and investments in order to develop innovative and technologically advanced products are estimated to accelerate the growth of the overall market in the next few years.

The expansion of the applications of neurostimulators and the favorable reimbursement scenario for the procedures of ENT in several developed nations is another key factor, which is likely to encourage the market growth in the near future. On the flip side, several issues related to the use of implantable medical devices and the unfavorable reimbursement scenario are projected to restrict the growth of the global active implantable medical devices market in the next few years. In addition, the several issues related to the use of implantable medical devices are further estimated to curtail the growth of the market in the near future.

Nonetheless, the development of the subcutaneous implantable cardioveter defibrillators is expected to offer promising growth opportunities for the market players. The emerging nations are projected to encourage the growth of the overall market in the near future. Among the key regions, North America is projected to witness high growth in the next few years. The development of new products and innovations are anticipated to accelerate the growth of the North America market in the next few years. The leading players in the market are predicted to focus on research and development activities to enhance their market position in the coming few years.

Global Active Implantable Medical Devices Market: Overview 

The active implantable medical devices market is expected to grow substantially and register a progressive growth rate in the next few years. The rising spending on the development of the healthcare infrastructure, especially in emerging nations is expected to encourage the growth of the market throughout the forecast period. In addition, a significant rise in the geriatric populations and the increasing number of chronic disorders are predicted to boost the demand for advanced active implantable medical devices in the near future. 

Global Active Implantable Medical Devices Market: Key Trends 

The rising number of cases of neurological and cardiovascular disorders and the favorable reimbursement policies for the development of new medical devices are anticipated to encourage the growth of the global market in the next few years. In addition, the rising number of funds and investments to develop innovative and advanced products is likely to accelerate the growth of the overall market in the near future. 

On the other hand, several issues related to the healthcare reforms, particularly in the U.S. and the rising concerns associated with the use of implantable medical devices are anticipated to curtail the growth of the global active implantable medical devices market in the next few years. Moreover, the unavailability of essential reimbursement policies and the high cost of implants are projected to hamper the market’s growth in the near future. 

Global Active Implantable Medical Devices Market: Market Potential 

The key players in the global market for active implantable medical devices are making notable efforts to introduce new cost-effective products in order to create opportunities in emerging economies. This is projected to fuel the growth of the overall market in the coming years. However, the lack of skilled professional is considered as one of the major challenges faced by the market, which is expected to restrict the market’s growth in the near future. 

Global Active Implantable Medical Devices Market: Regional Outlook 

In the recent few years, North America held a lion’s share of the global active implantable medical devices market and is projected to remain in the position throughout the forecast period. The growing focus on development and advanced and innovative products and the rising preference of neurological and cardiovascular disorders are anticipated to encourage the growth of the North America market in the coming years. Moreover, the rising expenditure on healthcare facilities and the increasing awareness among consumers regarding the availability of effective products are estimated to accelerate the growth of the market in the near future. 

Furthermore, Asia Pacific is projected to register a progressive growth rate throughout the forecast period. The rising geriatric populations and the increasing incidence of chronic diseases are some of the vital factors that are anticipated to fuel the growth of the Asia Pacific market in the near future. In addition, the development of the healthcare infrastructure in emerging economies is expected to contribute towards the development of the market in the near future. 

Global Active Implantable Medical Devices Market: Competitive Analysis 

The global market for active implantable medical devices is projected to witness a high level of competition among the key players in the next few years. The increasing emphasis of players on technological advancements is estimated to encourage the market’s growth in the coming years. Some of the leading players operating in the active implantable medical devices market across the globe are Medtronic PLC, Biotronik Se & Co., Kg, William Demant Holding A/S, Nurotron Biotechnology Co. Ltd., Abbott Laboratories, Livanova PLC, Boston Scientific Corporation, Cochlear Limited, Med-EL, and Sonova Holding AG. 

Furthermore, the leading players in the market are predicted to focus on untapped markets in order to enhance their market presence and attract a large number of consumers in the coming years. Moreover, the increasing number of mergers and acquisitions is estimated to contribute towards the overall development of the global active implantable medical devices market throughout the forecast period.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.