Market Definition: Global Active Implantable Medical Devices Market
Implantable medical devices are the medical device that has been intended to be totally or partially inserted, surgically or medically, into the human body using the medical intervention into a natural orifice, and it is dedicated to remain after the procedure. There are many various devices which are inserted in the body such as implantable nerve stimulators, implantable cardiac pacemakers, implantable defibrillators, and bladder stimulators.
Market Analysis: Global Active Implantable Medical Devices Market
The Global Active Implantable Medical Devices Market accounted to USD 18.9 billion in 2016 growing at a CAGR of 8.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors: Global Active Implantable Medical Devices Market
Some of the major players operating in global active implantable medical devices market 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 others.
Major market drivers and restraints: Global Active Implantable Medical Devices Market
Growing Problems of Cardiovascular Diseases
Prolonged Applications of Neurostimulators
Regulatory Hurdles in U.S.
Rising of Other Emerging Market
Shortage of Skilled Professionals
Competitive Analysis: Global Active Implantable Medical Devices Market
The global active implantable medical devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of active implantable medical devices market for global, Europe, North America, Asia Pacific and South America.
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