Global Implantable Medical Device Market Report and Forecast 2023-2031
Global Implantable Medical Device Market Outlook
The global implantable medical device market value was USD 119.1 billion in 2022, driven by the advancements in implantable device technologies across the globe. The market size is anticipated to grow at a CAGR of 6.40% during the forecast period of 2023-2031 to achieve a value of USD 208.1 billion by 2031.
Implantable Medical Device: Introduction
Implantable medical devices are surgically placed inside the body to treat or manage various medical conditions. These devices include orthopaedic implants, cardiac implants, neurostimulators, cochlear implants, intraocular lenses, and contraceptive implants, among others. Implantable devices are designed to provide long-term therapeutic benefits, improve patients' quality of life, or replace or support the function of ailing organs. Recent advancements in the field have led to the development of innovative technologies such as bioresorbable stents, miniaturized neurostimulators, and 3D-printed implants, enhancing the safety and efficacy of these treatments.
Implantable Medical Device Market Scenario
The global implantable medical device market has witnessed significant growth in recent years, driven by factors such as the increasing prevalence of chronic diseases, the aging population, and advancements in implantable device technologies.
North America: The largest market for implantable medical devices, driven by factors such as advanced healthcare infrastructure, high prevalence of chronic diseases, and significant investments in research and development.
Europe: The second-largest market, with increasing demand for implantable devices due to a growing aging population, a supportive regulatory framework, and an expanding healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure and research.
Implantable Medical Device Market Segmentations
Market Breakup by Product
- Orthopaedic Implants
- Dental Implants
- Cardiovascular Implants
- Facial Implants
- Breast Implants
- Others
- Polymers
- Metals
- Ceramics
- Biologics
- Hospitals
- +500 Beds
- 200 - 499 Beds
- Less than 200 Beds
- Ambulatory Surgical Centers (ASCs)
- Clinics
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Implantable Medical Device Market
Some key trends of the market are as follows:
- Increasing prevalence of chronic diseases: The rising incidence of conditions such as cardiovascular diseases, neurological disorders, and orthopaedic issues has led to a growing demand for implantable medical devices, driving market growth.
- Aging population: The growing aging population worldwide has increased the risk of age-related diseases and disorders, further contributing to the demand for implantable devices.
- Advancements in implantable device technologies: The development of new and more effective implantable devices, such as bioresorbable stents, miniaturized neurostimulators, and 3D-printed implants, has improved the efficiency and safety of these treatments, further driving market growth.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the implantable medical device market are as follows:
- Abbott
- Biotronik, Inc.
- Boston Scientific Corporation
- Stryker
- Medtronic
- Danaher Corporation
- Dentsply Sirona
- Institut Straumann AG
- Johnson & Johnson
- Smith and Nephew
- Terumo Corporation
- Zimmer Biomet
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Implantable Medical Device Market Overview
- 3.1 Global Implantable Medical Device Market Historical Value (2016-2022)
- 3.2 Global Implantable Medical Device Market Forecast Value (2023-2031)
- 4 Global Implantable Medical Device Market Landscape
- 4.1 Global Implantable Medical Device Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Implantable Medical Device Product Landscape
- 4.2.1 Analysis by Product Type
- 4.2.2 Analysis by Applications
- 4.2.3 Analysis by End User
- 5 Global Implantable Medical Device Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Implantable Medical Device Market Segmentation
- 6.1 Global Implantable Medical Device Market by Product
- 6.1.1 Market Overview
- 6.1.2 Orthopaedic Implants
- 6.1.3 Dental Implants
- 6.1.4 Cardiovascular Implants
- 6.1.5 Facial Implants
- 6.1.6 Breast Implants
- 6.1.7 Others
- 6.2 Global Implantable Medical Device Market by Material
- 6.2.1 Market Overview
- 6.2.2 Polymers
- 6.2.3 Metals
- 6.2.4 Ceramics
- 6.2.5 Biologics
- 6.3 Global Implantable Medical Device Market by End User
- 6.3.1 Market Overview
- 6.3.2 Hospitals
- 6.3.2.1 +500 Beds
- 6.3.2.2 200 - 499 Beds
- 6.3.2.3 Less than 200 Beds
- 6.3.3 Ambulatory Surgical Centers (ASCs)
- 6.3.4 Clinics
- 6.4 Global Implantable Medical Device Market by Region
- 6.4.1 Market Overview
- 6.4.2 North America
- 6.4.3 Europe
- 6.4.4 Asia Pacific
- 6.4.5 Latin America
- 6.4.6 Middle East and Africa
- 7 North America Implantable Medical Device Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Implantable Medical Device Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Implantable Medical Device Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Implantable Medical Device Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Implantable Medical Device Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by NIH Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 16.1 Regulatory Overview
- 16.1.1 US FDA
- 16.1.2 EU EMA
- 16.1.3 INDIA CDSCO
- 16.1.4 JAPAN PMDA
- 16.1.5 Others
- 17 Supplier Landscape
- 17.1 Abbott
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 Biotronik, Inc.
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 Boston Scientific Corporation
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Stryker
- 17.4.1 Financial Analysis
- 17.4.2 Product Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 Medtronic
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 Danaher Corporation
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 Dentsply Sirona
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 Institut Straumann AG
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 Johnson & Johnson
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 Smith and Nephew
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 Terumo Corporation
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 17.12 Zimmer Biomet
- 17.12.1 Financial Analysis
- 17.12.2 Product Portfolio
- 17.12.3 Demographic Reach and Achievements
- 17.12.4 Mergers and Acquisitions
- 17.12.5 Certifications
- 18 Global Implantable Medical Device Market- Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
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