According to a new report published by Reports Monitor titled, “Active Implantable Medical Device Market by Product Type, Procedure and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Active Implantable Medical Device Market is growing rapidly from 2017 to 2025.
In last decade healthcare sector has grown tremendously owing to technological advancement and increased healthcare expenditure. Active implantable medical device is any sort of active medical device which is meant to be inserted totally or partially into the human body for diagnostic or therapeutic purposes and is subjected to remain in place. AIMDs comprise broad variety of devices such a pacemakers, infusion pumps, cochlear implants and neurostimulators. As AIMDs are constructed to remain in direct contact with the body for lengthened period of time, they are subject to rigid set of standards and requirements to protect the health and safety of patients.
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Increasing number of patients with cardiovascular diseases and neurological disorders and other chronic infections there is huge demand for technically enhanced active implantable medical devices drive the growth of the market. Large applicability of devices, miniaturization of devices, growing expenses on healthcare facilities, government supportive activities and rising geriatric population further stimulates the growth of the market. However, complication and danger regarding use of active implantable medical device and high cost of the technically advanced products may create obstacle in expansion of the market.
On-going development of healthcare infrastructure, high spending on healthcare facilities, goring aged population, continuous improvement and modification research on healthcare device and government supportive activities and less stringent regulations has triggered the growth of the active implantable medical device market in Asia-Pacific.
The global active implantable medical devices market is segmented on the basis of product type, procedure, end-user and region. Considering product type the market is widely distributed into implantable cardioverter defibrillators, implantable cardiac pacemakers, and ventricular assist devices, implantable cardiac monitors, neurostimulators, implantable hearing devices and cochlear implants. Implantable cardioverter defibrillators are spilt into transvenous and subcutaneous. Implantable cardiac pacemakers are divided into single-chamber and dual chamber. Depending upon procedure the market is distributed into Cardiovascular Implants, Neurological Implants, hearing implants and others. In terms of end-user the market is categorized into Hospitals, Ambulatory Surgery Centers and Specialty Clinics.
Some of the leading vendors of active implantable medical devices across the world are Medtronic Plc., Boston Scientific Corp., Cochlear Ltd., William Demant Holding, Abbott Laboratories, BIOTRONIK SE & Co. KG, LivaNova Plc., Nurotron Biotechnology Co. Ltd., Sonova Holding AG and Med-EL. Collaboration agreements and acquisitions are the major activities undertaken by the major market players to enter into the active implantable medical devices.
In January, 2017, Abbott announced that it has it has completed the acquisition of St. Jude Medical, Inc. under this agreement Abbott will develop solid and diverse product portfolio of devices, nutritionals, diagnostic, therapeutic and branded generic pharmaceuticals.
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The study for Global Active Implantable Medical Device Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Active Implantable Medical Device- Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview – Active Implantable Medical Device, Product Landscape
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