IMARC Group, a leading market research company, has recently releases report titled “Implantable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the implantable medical devices market?
The global implantable medical devices market size reached US$ 135.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 205.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
What is Medical Implant ?
Medical implants are devices that are placed inside the human body, either temporarily or permanently, to support the functions of specific tissues or organs, deliver medicines, or monitor physiological activities. These implants can be made from human tissues or exogenous materials, such as ceramics, metals, and plastics. They are often used as prosthetics to replace damaged body parts. The functioning of the medical device depends on an electrical energy source and is primarily used to support cardiac functions. Commonly available implantable medical devices include cardioverter defibrillators, left ventricular assist devices, pacemakers, breast implants, hip implants, intrauterine contraceptive devices, and cochlear implants.
Request PDF Sample of the Report: https://www.imarcgroup.com/implantable-medical-devices-market/requestsample
What are the growth prospects and trends in the medical Implant industry?
The surging cases of age-related diseases, such as coronary arterial and neurological ailments, and the rapidly expanding healthcare infrastructure are some of the factors primarily driving the market growth. Moreover, the increasing consumer expenditure power has significantly boosted cosmetic and medical tourism, which, in turn, is creating a positive outlook for the market.
Furthermore, the rising prevalence of cardiovascular diseases due to sedentary lifestyles and surging cases of obesity are accelerating the market growth. Additionally, key market players are heavily investing in advanced technology to introduce smart implantable devices that can transmit data using the internet for remote patient monitoring, which is acting as another factor positively contributing to the market. Besides this, the introduction of three-dimensional (3D) printed implants and robotic arms to conduct surgeries and the growing use of biomaterials to manufacture implantable medical devices are boosting the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Breakup by Material:
Breakup by End-User:
Breakup by Region:
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=1123&flag=A
Note: 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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
