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Implantable Medical Device Trends and Forecast
The future of the global implantable medical device market looks promising with opportunities in the hospital, ambulatory surgery center, and clinic markets. The global implantable medical device market is expected to reach an estimated $225.1 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases and rising requirement for organ replacement.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Implantable Medical Device by Segment
The study includes a forecast for the global implantable medical device by material, product, end use, and region.
Implantable Medical Device Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Polymers
• Metals
• Ceramics
• Biologics
Implantable Medical Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Orthopedic Implants
• Dental Implants
• Facial Implants
• Breast Implants
• Cardiovascular Implants
• Others
Implantable Medical Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Ambulatory Surgery Centers
• Clinics
Implantable Medical Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Implantable Medical Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies implantable medical device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the implantable medical device companies profiled in this report include-
• Abbott Laboratories
• Biotronik
• Boston Scientific
• C. R. Bard
• Cardinal Health
Implantable Medical Device Market Insights
Lucintel forecasts that metal is expected to witness the highest growth over the forecast period due to its various advantages, such as cost-effectiveness, versatality, and biocompatibility.
Within this market, hospital will remain the largest segment.
North America is expected to witness highest growth over the forecast period due to availability of advanced healthcare infrastructure and presence of key players in the region.
Features of the Global Implantable Medical Device Market
Market Size Estimates: Implantable medical device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Implantable medical device market size by material, product, end use, and region in terms of value ($B).
Regional Analysis: Implantable medical device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, products, end uses, and regions for the implantable medical device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the implantable medical device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the implantable medical device market size?
Answer: The global implantable medical device market is expected to reach an estimated $225.1 billion by 2030.
Q2. What is the growth forecast for implantable medical device market?
Answer: The global implantable medical device market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the implantable medical device market?
Answer: The major drivers for this market are growing prevalence of chronic diseases and rising requirement for organ replacement.
Q4. What are the major segments for implantable medical device market?
Answer: The future of the implantable medical device market looks promising with opportunities in the hospital, ambulatory surgery center, and clinic markets.
Q5. Who are the key implantable medical device market companies?
Answer: Some of the key implantable medical device companies are as follows:
• Abbott Laboratories
• Biotronik
• Boston Scientific
• C. R. Bard
• Cardinal Health
Q6. Which implantable medical device market segment will be the largest in future?
Answer: Lucintel forecasts that metal is expected to witness the highest growth over the forecast period due to its various advantages, such as cost-effectiveness, versatality, and biocompatibility.
Q7. In implantable medical device market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to availability of advanced healthcare infrastructure and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the implantable medical device market by material (polymers, metals, ceramics, and biologics), product (orthopedic implants, dental implants, facial implants, breast implants, cardiovascular implants, and others), end use (hospitals, ambulatory surgery centers, and clinics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Implantable Medical Device Market, Implantable Medical Device Market Size, Implantable Medical Device Market Growth, Implantable Medical Device Market Analysis, Implantable Medical Device Market Report, Implantable Medical Device Market Share, Implantable Medical Device Market Trends, Implantable Medical Device Market Forecast, Implantable Medical Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Implantable Medical Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Implantable Medical Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Implantable Medical Device Market by Material
3.3.1: Polymers
3.3.2: Metals
3.3.3: Ceramics
3.3.4: Biologics
3.4: Global Implantable Medical Device Market by Product
3.4.1: Orthopedic Implants
3.4.2: Dental Implants
3.4.3: Facial Implants
3.4.4: Breast Implants
3.4.5: Cardiovascular Implants
3.4.6: Others
3.5: Global Implantable Medical Device Market by End Use
3.5.1: Hospitals
3.5.2: Ambulatory Surgery Centers
3.5.3: Clinics
4.1: Global Implantable Medical Device Market by Region
4.2: North American Implantable Medical Device Market
4.2.2: North American Implantable Medical Device Market by End Use: Hospitals, Ambulatory Surgery Centers, and Clinics
4.3: European Implantable Medical Device Market
4.3.1: European Implantable Medical Device Market by Material: Polymers, Metals, Ceramics, and Biologics
4.3.2: European Implantable Medical Device Market by End Use: Hospitals, Ambulatory Surgery Centers, and Clinics
4.4: APAC Implantable Medical Device Market
4.4.1: APAC Implantable Medical Device Market by Material: Polymers, Metals, Ceramics, and Biologics
4.4.2: APAC Implantable Medical Device Market by End Use: Hospitals, Ambulatory Surgery Centers, and Clinics
4.5: ROW Implantable Medical Device Market
4.5.1: ROW Implantable Medical Device Market by Material: Polymers, Metals, Ceramics, and Biologics
4.5.2: ROW Implantable Medical Device Market by End Use: Hospitals, Ambulatory Surgery Centers, and Clinics
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Implantable Medical Device Market by Material
6.1.2: Growth Opportunities for the Global Implantable Medical Device Market by Product
6.1.3: Growth Opportunities for the Global Implantable Medical Device Market by End Use
6.1.4: Growth Opportunities for the Global Implantable Medical Device Market by Region
6.2: Emerging Trends in the Global Implantable Medical Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Implantable Medical Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Implantable Medical Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Abbott Laboratories
7.2: Biotronik
7.3: Boston Scientific
7.4: C. R. Bard
7.5: Cardinal Health
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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