According to the latest report by IMARC Group, titled “Implantable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global implantable medical devices market reached a value of US$ 120.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 168.3 Billion by 2027, exhibiting at a CAGR of 5.54% during 2022-2027.
Implantable medical devices represent specialized tissues, metals, ceramics, bones, etc., that are used for replacing particular body parts or the whole biological structure. They are of several types, such as orthopedic implants, facial implants, cardiovascular implants, dental implants, etc. These implantable medical devices can be introduced into the body either permanently or temporarily. They are intended to replace missing body parts or support damaged tissues of organs. Some implantable medical devices are even used for drug delivery. Consequently, they find extensive applications in healthcare establishments across the globe.
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Global Implantable Medical Devices Market Trends:
The shifting consumer preference toward body aesthetics and physical appearance-enhancing cosmetic surgeries are primarily driving the implantable medical devices market. In line with this, the rising demand for cochlear implants, dental implants, pectoral implants, thigh augmentation implants, and others that allow individuals to improve their looks is acting as another significant growth-inducing factor. In addition to this, the increasing occurrences of numerous chronic diseases, including arthritis, heart failures, and motor, sensory, or cognitive modalities that need various types of implants for sustaining the life of a patient are also positively influencing the market growth. Apart from this, the emerging trend of cosmetic and medical tourism across countries, the launch of 3D-printing technology, and the introduction of smart implants that facilitate remote monitoring of patients are further stimulating the global market. Moreover, the inflating investments in healthcare infrastructural development activities and the elevating utilization of biomaterials for manufacturing implants are expected to bolster the implantable medical devices market over the forecasted period.
Implantable Medical Devices Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the Implantable medical devices has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Abbott Laboratories
- Biotronik
- Boston Scientific Corporation
- C. R. Bard
- Cardinal Health
- Conmed Corporation
- Globus Medical, Inc.
- Integra Lifesciences Holdings Corporation
- Johnson & Johnson
- LivaNova PLC
- Medtronic plc
- Nuvasive, Inc.
- Smith & Nephew Plc
- St. Jude Medical
- Institut Straumann AG.
- Stryker Corporation
- Wright Medical Group N.V.
- Zimmer Biomet Holdings
Key Market Segmentation:
The report has segmented the global implantable medical devices market on the basis of product type, material, end-user and region.
Breakup by Product Type:
- Orthopedic Implants
- Dental Implants
- Facial Implants
- Cardiovascular Implants
- Others
Breakup by Material:
- Polymers
- Metals
- Ceramics
- Biologics
Breakup by End-User:
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Clinics
Breakup by Region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=1123&flag=A
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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