Global Implantable Medical Devices Market Size, Share, Trends, Demand, and Business Opportunity 2021-2026 – Stillwater Current
According to the latest IMARC Group report entitled “Implantable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“, the Global Implantable Medical Device Market reached a value of 112.3 billion US dollars in 2020. For the future, the IMARC Group expects the market to reach a value of 160.3 billion US dollars by 2026.
We regularly track the direct impact of COVID-19 in the market, along with the indirect influence of related industries. These observations are incorporated into the report.
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Medical implants refer to man-made devices that are used to replace or support damaged body organs, improve their overall function, and treat defects in normal body functions. They are introduced into the human body both permanently and temporarily through surgical or medical procedures and can be removed again if necessary. These devices are generally made using skin, bones, metals, tissues, ceramics, plastics, and other materials.
The increasing prevalence of numerous chronic diseases such as arthritis, heart failure, sensory or cognitive modality, etc., which require multiple types of implants to sustain a patient’s life, is primarily driving market growth. Additionally, the escalating geriatric population, more prone to such diseases, is also driving demand for implantable medical devices. In addition, increasing consumer awareness of appearance is increasing the demand for implantable medical devices in cosmetic surgery. In addition, several technological innovations in microelectronics and biotechnology to introduce advanced implantable medical devices are expected to further fuel market growth in the coming years.
Implantable Medical Devices Market 2021-2026 Competitive Analysis and Segmentation:
Competitive landscape with main players:
The competitive landscape of the global Implantable Medical Devices Market has been studied in the report with the detailed profiles of the major players operating in the market.
Some of these key players are:
- Abbott Laboratories (NYSE: ABT)
- Boston Scientific Corporation (NYSE: BSX)
- R. Bard, Inc.
- Cardinal Health, Inc. (NYSE: CAH)
- Conmed Corporation ((NYSE: CNMD))
- Globus Medical, Inc. (NYSE: GMED)
- Integra Lifesciences Holdings Corporation (NASDAQ: IART)
- Johnson & Johnson (NYSE: JNJ)
- LivaNova AG (NASDAQ: LIVN)
- Medtronic plc (NYSE: MDT)
- Nuvasive, Inc. (NASDAQ: NUVA)
- Smith & Nephew Plc (NYSE: SNN)
- Jude Medical, Inc.
- Institute Straumann AG. (OTCMKTS: SAUHY)
- Stryker Corporation (NYSE: SYK)
- Wright Medical Group NV
- Zimmer Biomet Holdings, Inc. (NYSE: ZBH)
Key market segmentation:
The report has segmented the global Implantable Medical Devices Market by product type, material, end-user, and region.
Breakdown by product type:
- Orthopedic implants
- Dental implants
- Facial implants
- Breast implants
- Cardiovascular implants
Distribution according to material:
- Market trends
- Outpatient operation centers (ascs)
Distribution according to regions:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Search the full report with table of contents and list of figures: https://bit.ly/3ESFLNj
Main highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Industry trends
- Market drivers and success factors
- The effects of COVID-19 on the world market
- Analysis of the value chain
- Structure of the world market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently included in the scope of the report, we will provide it to you as part of the customization.
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