Implantable Medical Devices Market Overview
An implantable medical device is a device that is either fully or partially inserted into the body, often, doctors implant these devices during surgery, unlike surgical devices, implantable medical devices remain in the body after the procedure. Implantable medical devices are critical to healthcare because they improve patient safety and quality of life. Many implantable medical devices monitor vital signs such as heart rate and blood pressure, so they can alert medical professionals if any problems arise and direct individuals to appropriate care. The most common examples of implantable medical devices are artificial joints, breast implants, cochlear implants, intraocular lenses, pacemakers, other cardiac implants, and intrauterine contraceptive devices. An implantable cardioverter-defibrillator is a small battery-operated device placed in the chest to detect and stop irregular heartbeats. The ICD continuously monitors the heartbeat and delivers electrical shocks as needed to restore a regular heart rhythm. Designed implantable devices or prostheses, breast implants, ventricular shunts and d non-human heart valves. An implantable medical device is an implantable device placed in the human body during surgery or other clinical intervention for a specific function. The list of implantable medical devices commonly includes artificial joints, breast implants, contraceptive intra-uterine devices, and bone, muscle, and joint fusion hardware. Another common type of implantable medical device is the implantable vascular access device, which is used in patients with poor peripheral venous access or who require frequent venous access for treatments such as chemotherapy. Implantable devices reside in the human body temporarily or permanently, for diagnostic, monitoring or therapeutic purposes. With unique response and rational design to clinical needs, responsive polymers have been used to facilitate the deployment or removal of devices with minimal damage to host tissue, to treat diseases, deliver drugs, control infection, and facilitate the support function of existing devices. The increasing number of accidents in which limbs or organs are injured is a major factor that may increase the demand for implantable medical devices across the globe. All these factors are expected to boost the market for implantable medical devices in the coming years.
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Attributes |
Details |
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Implantable Medical Devices Market Value (2022) |
US$ 98.6 Bn |
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Implantable Medical Devices Market Projected Value(2032) |
US$ 166.3 Bn |
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Implantable Medical Devices Market CAGR (2022-2032) |
7.2% |
Implantable Medical Devices Market Dynamics
The growth of the implantable medical devices market is driven by the increase in chronic diseases along with increasing aging population, increase in cardiovascular and neurological diseases and improvements in active implantable medical devices. Growing concern about aesthetics and physical appearance among the population worldwide and growing elderly population and increasing adoption of dental implants are another factor that is driving the demand for implantable medical devices. As consumer trends towards body aesthetics and physical appearance increase, cosmetic surgeries are becoming more common, increasing the demand for implantable medical devices. However, high implant cost and shortage of trained professionals in the field of medical surgery are expected to hamper the market growth. Issues including high cost of implantable medical devices, device security and privacy, and stringent regulatory guidelines are hampering the market growth.
Technological advancement
Technological advancements in the healthcare industry have allowed people to improve their looks and enhance their beauty by implanting medical devices such as dental implants, breast implants, pectoral implants, deltoid implants, and cochlear implants. Additionally, technological advancements such as miniaturization of devices and development of new materials are expected to fuel the market growth during the forecast period. Technological advancements are also fueling the market for medical implantable devices. For example, 3D printing technology is being used to create custom implants that better fit each patient's individual anatomy. Manufacturers are also working on developing new security technologies specifically for the smart implantable medical device market. These technologies can help prevent unauthorized access to a device and its data, as well as detect and respond to cyber-attack attempts. In November 2022, the latest issue of the Advanced MedTech Technology Opportunity Engine profiles a wide range of innovations in the advanced medical device and imaging industry. This issue includes diagnostic and monitoring technologies such as point of care diagnostics for sexually transmitted diseases, Covid-19 Immunoassay, Amplified Lateral Flow Assay, and Sars-CoV-2 Detection in Saliva, Portable Fetal Monitoring, AI Powered Stethoscope, and AI Software for Accurate Breast Cancer Assessment, Remote Patient Monitoring, Contactless Glaucoma Monitoring, Home Monitoring of High Risk Pregnant Women and Wearables Sensors. Manufactures involved in Implantable medical devices Market are developing advanced versions of their products due to new age technological advancements. Key players of implantable medical devices are investing more in power systems and creating more modern, timesaving, cost-effective technology that has a positive impact on the implantable medical devices market.
Implantable Medical Devices Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Implantable Medical Devices Market is segmented based on type, product, biomaterial, and nature of device, end user, and region.
On the basis of type, the Implantable Medical Devices Market is segmented into Diagnostic, Treatment. On the basis of Product, the target market is classified into Orthopedic Implants, Cardiovascular Implants, Intraocular Lens, Dental Implants, Breast Implants, and Other Implants. On the basis of biomaterial, the Implantable Medical Devices Market is segmented into Ceramic, Metallic, Polymers, and Natural. On the basis of nature of device, the target market is classified into Active, Passive. On the basis of end user, the target market is classified into Hospitals, Ambulatory Surgery centers and clinics.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Implantable Medical Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the largest share of the implantable medical devices market in 2021 and is projected to continue dominating the market during the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Type - Diagnostic, Treatment By Product - Orthopedic Implants, Cardiovascular Implants, Intraocular Lens, Dental Implants, Breast Implants, Other Implants By Biomaterial - Ceramic, Metallic, Polymers, and Natural By Nature of Device - Active, Passive By End User - Hospitals, Ambulatory Surgery centers and clinics |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Implantable Medical Devices Market report based on type, product, and biomaterial, nature of device, end user and region:
Implantable Medical Devices Market, By Type:
- Diagnostic
- Treatment
Implantable Medical Devices Market, By Product:
- Orthopedic Implants
- Cardiovascular Implants
- Intraocular Lens
- Dental Implants
- Breast Implants
- Other Implants
Implantable Medical Devices Market, By Biomaterial:
- Ceramic
- Metallic
- Polymers
- Natural
Implantable Medical Devices Market, By Nature of Device:
- Active
- Passive
Implantable Medical Devices Market, By End-User:
- Hospitals
- Ambulatory Surgery centers
- clinics
Implantable Medical Devices Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Implantable Medical Devices Market Key Players
The key players operating the Implantable Medical Devices Market includes, Abbott Laboratories, Boston Scientific Corporation, Globus Medical Inc., Johnson & Johnson Inc., LivaNova PLC, Medtronic plc., Nurotron Biotechnology Co., Ltd., Zimmer Biomet Holdings, Inc. Smith & Nephew Plc., Wright Medical Group.
Implantable Medical Devices Market Company Profile
- Abbott Laboratories*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Boston Scientific Corporation
- Globus Medical Inc.
- Johnson & Johnson Inc.
- LivaNova PLC
- Medtronic plc.
- Nurotron Biotechnology Co., Ltd.
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew Plc.
- Wright Medical Group.
“*” marked represents similar segmentation in other categories in the respective section
Recent Developments:
- In December 2022, Abbott announced US Food and Drug Administration approval of the company's Eterna Spinal Cord Stimulation System, the smallest implantable, rechargeable spinal cord stimulator currently on the market for the treatment of chronic pain.
- In May 2022, Globus Medical announced in May that the first surgeries were performed with its Excelsius 3D imaging platform.
- In November 2022, Johnson & Johnson and Abiomed, a global leader in heart, lung and kidney support technologies, announced in November that they had entered into a definitive agreement under which Johnson & Johnson would acquire all outstanding shares of Abiomed through a tender offer. , for an upfront cash payment of $380.00 per share, represents an enterprise value of approximately $16.6 billion including cash consideration.
Implantable Medical Devices Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Biomaterials
- Key Thickness Insights
- Secondary Data
- Major Secondary Biomaterials
- Secondary Biomaterials
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Product
- Market Snippet, By Biomaterial
- Market Snippet, By Nature of Device
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Implantable Medical Devices Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Diagnostic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Treatment
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Implantable Medical Devices Market, By Product
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Orthopedic Implants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cardiovascular Implants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Intraocular Lens
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Dental Implants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Breast Implants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Other Implants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Implantable Medical Devices Market, By Biomaterial
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Ceramic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Metallic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Polymers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Natural
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Implantable Medical Devices Market, By Nature of Device
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Active
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Passive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Implantable Medical Devices Market, By End User, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Ambulatory Surgery Centers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Clinics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Implantable Medical Devices Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Biomaterial, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Nature of Device, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Biomaterial, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Nature of Device, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Biomaterial, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Nature of Device, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Biomaterial, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Nature of Device, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Biomaterial, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Nature of Device, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Abbott Laboratories
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Boston Scientific Corporation
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Globus Medical Inc.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Johnson & Johnson Inc.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LivaNova PLC
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic plc.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nurotron Biotechnology Co., Ltd.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zimmer Biomet Holdings, Inc.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Smith & Nephew plc.
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wright Medical Group
- Company Overview
- Type Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Implantable Medical Devices Market is segmented based on type, product, biomaterial, and nature of device, end user, and region.
Growing concern about aesthetics and physical appearance among the population worldwide and growing elderly population and increasing adoption of dental implants are another factor that is driving the demand for implantable medical devices.
North America held the largest share of the implantable medical devices market in 2021 and is projected to continue dominating the market during the forecast period.
The Key players operating in the Implantable Medical Devices Market includes Abbott Laboratories, Boston Scientific Corporation, Globus Medical Inc., Johnson & Johnson Inc., LivaNova PLC, Medtronic plc, Nurotron Biotechnology Co., Ltd., Zimmer Biomet Holdings, Inc. Smith & Nephew Plc., Wright Medical Group.