Implantable Medical Devices Market By Product (Orthopedic Implants, Cardiovascular Implants , Intraocular Lens , Dental Implants, Breast Implants, Other Implants), : Global Opportunity Analysis and Industry Forecast, 2020-2030
The global implantable medical devices market was valued at $91,868.94 million in 2020, and is projected to reach $179,032.75 million by 2030, registering a CAGR of 7.2% from 2021 to 2030. Implantable medical devices are surgically transplanted inside the body. These implants are used to replace or support any damaged body organ to enhance function of any body organ or to detect errors in normal body functioning. These devices can be either placed permanently or temporarily in human body and can be removed when they are no longer needed. These implantable devices are made up of bone, tissue, skin, ceramics, metals, and other natural materials.
The rise in prevalence of chronic diseases coupled with the rapidly ageing population drives the growth of the market. Moreover, increased awareness and technological advancements in medical implants also contributes toward the growth of the market. However, high implantation cost and lack of trained professionals in the medical surgeries sector are the major barriers for the growth of the market. Conversely, the surge in number of the reimbursement policies is expected to offer lucrative opportunities for market expansion during the forecast period.
The implantable medical devices market is segmented on the basis of product and region. By product, the market is categorized into orthopedic implants, dental implants, breast implants, cardiovascular implants, intraocular lenses and other implants. The orthopedic implants are further classified as spinal implants and reconstructive joint replacements. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the implantable medical devices market is provided.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
Key Market Segments
By BY PRODUCT
Breast Implants
Other Implants
Orthopedic Implants
Cardiovascular Implants
Intraocular Lens
Dental Implants
By BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Abbott Laboratories
Biotronik SE and Co. KG
Boston Scientific Corporation
C. R. Bard, Inc.
Cardinal Health, Inc.
CONMED Corporation
Globus Medical, Inc.
Integra LifeSciences Holdings Corporation
Johnson and Johnson
LivaNova PLC
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