Market Analysis and Insights: Global Active Implantable Medical Devices Market
Growing investments and funds to develop more advanced technological products, growing usage and applications of neurostimulators and favourable reimbursement scenario for ENT procedures in developed countries will likely to accelerate the growth of the active implantable medical devices market in the forecast period of 2020-2027. On the other hand, emerging market offering significant growth will further boost various opportunities that will lead to the growth of the active implantable medical devices market in the above-mentioned forecast period.
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High cost of implants and an unfavourable reimbursement scenario will likely to hamper the growth of the active implantable medical devices market in the above-mentioned forecast period.
The shortage of skilled professional and high pressure on companies is going to be a major challenge for the active implantable medical devices market.
Global Active Implantable Medical Devices Market Scope and Market Size
Based on product, the active implantable medical devices market is segmented into implantable cardioverter defibrillators, ventricular assist devices, implantable cardiac pacemakers, dental implants, implantable hearing devices, ventricular assist devices and neurostimulators. Implantable cardioverter defibrillators is further sub-segmented into transvenous, and subcutaneous. Transvenous defibrillators are again sub-segmented into biventricular implantable cardioverter defibrillators (ICDs)/cardiac resynchronization therapy defibrillators (CRT-Ds), single-chamber implantable cardioverter defibrillators, and dual-chamber implantable cardioverter defibrillators. Implantable hearing devices are further sub-segmented into active hearing implants, and passive hearing implants. Neurostimulators are further sub-segmented into deep brain stimulators, spinal cord stimulators, sacral nerve stimulators, vagus nerve stimulators and gastric electrical stimulators.
Active implantable medical devices market has also been segmented based on the end user into hospitals, ambulatory centers, cardiac centers, dental clinics and others.
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Active Implantable Medical Devices Market Country Level Analysis
Active implantable medical devices market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the active implantable medical devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the active implantable medical devices market due to high accessibility to advanced technologies, increasing development of innovative and technologically advanced products, and increasing healthcare expenditure in the region, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to growing incidence of chronic diseases, rising healthcare spending, healthcare reforms for infrastructural development, growing demand for advanced technologies to develop advanced products, and less stringent regulations.
The country section of the active implantable medical devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Active Implantable Medical Devices Market Share Analysis
Active implantable medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to active implantable medical devices market.
The major players covered in the active implantable medical devices market report are
Boston Scientific Corporation, Cochlear Ltd., Zimmer Biomet, Smith & Nephew, Johnson & Johnson Services, Inc., BIOTRONIK SE & Co. KG, LivaNova PLC, Abbott, Straumann AG, Medtronic, Integra Lifesciences Holdings Corporation, Stryker, William Demant Holding A/S, Nurotron Biotechnology Co. Ltd., Sonova Holding AG, C.R. Bard Inc., 3M, Dentsply Sirona, Allergan Inc., NuVasive, Inc., Cardinal Health, Inc., Microport Scientific Corporation, CONMED Corporation, Globus Medical, Inc., and MED-EL among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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