Implantable Medical Devices Market Size
Market Overview
Medical implants are devices that are utilized to replace or function as a portion of a biological structure or a specific bodily component. Thousands of individuals improve their quality of life each year by undergoing surgical procedures that entail the implantation or removal of implanted medical devices. Implants are now employed for a variety of purposes in the body, including orthopedics, pacemakers, cardiovascular stents, defibrillators, neurological prostheses, and medication delivery systems. Implants are surgically or medically implanted into the human body, either entirely or partly. Depending on the situation, the device can be implanted permanently or temporarily, and it may be withdrawn afterward. There has been an increase in the number of age-related illnesses as people's lifespans have increased. This has raised demand for life-extension medical aids such as novel therapies, implants, prostheses, and long-term pharmacological use. Tissues, metals, bones, polymers, skin, ceramics, and other materials are used to make implantable devices.
Implantable Medical Devices Market: Key Players
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Abbott
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Boston Scientific Corporation
- Danaher Corporation
- Dentsply Sirona
- Institut Straumann AG
- Johnson & Johnson Services Inc
- Medtronic
- Smith & Nephew
- Stryker
- Terumo Corporation
Growth Factor
Cosmetic procedures are becoming more prevalent, fueled by a considerable rise in public interest in body aesthetics and physical attractiveness, fueling demand for implanted medical devices. Furthermore, advancements in technology that allow a person to improve his or her appearance, such as dental implants, pectoral implants, deltoid implants, thigh augmentation, breast implants, cochlear implants, and other devices, have led to the increased demand for these gadgets. Additionally, the increased prevalence of chronic conditions such as heart failures, arthritis, motor, sensory, or cognitive modalities, and others that necessitate various types of implants to prolong a patient's life are positively impacting market growth. Furthermore, a growth in the elderly population in both established and emerging nations has led in a growth in the incidence of numerous chronic illnesses, driving up demand for these goods even more.
Segmentation
- By Type
- Orthopedic Implants
- Dental Implants
- Cardiovascular Implants
- Others
- By Material
- Stainless Steel
- Cobalt-Chromium Alloys
- Titanium
- Titanium Alloys
- Zirconium
- By End-User
- Hospitals
- Ambulatory Surgery Centers
- Implantable Medical Devices Market Dynamics
- Implantable Medical Devices Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Recent News Related to Market
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In October 2019, NeuroRecovery Technologies combined with GTX Medical developed two technologies for patients with spinal cord injuries: Targeted Epidural Spine Stimulation (TESS), a spinal cord implant that provides real-time motion feedback, and Transcutaneous Spinal Cord Stimulation (tSCS). GTX medical BV is the new name for the merging company.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
- COVID-19 pre and post business impact analysis
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- What is the Implantable Medical Devices Market growth?
- Which segment accounted for the largest Implantable Medical Devices Market share?
- Who are the key players in the Implantable Medical Devices Market?
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in Fatpos Global’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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