Overview and Scope
An active implantable medical device (AIMD) is a medical device that is completely or partially implanted into the human body for diagnostic or therapeutic reasons. Active implantable medical devices are designed to remain in place.
Sizing and Forecast
The active implantable medical devices market size has grown strongly in recent years. It will grow from $24.8 billion in 2023 to $26.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased healthcare expenditure, increased prevalence of cardiovascular diseases, and growth in the number of healthcare facilities..
The active implantable medical devices market size is expected to see strong growth in the next few years. It will grow to $37.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to the elderly population, government support, and increasing burden of neurological diseases. Major trends in the forecast period include launching new active implantable medical devices, partnerships and collaborations, integration of wireless technologies for implantable medical device charging, and integration of artificial intelligence (ai) to improve their product offerings and to stay competitive in the market..
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Segmentation & Regional Insights
The active implantable medical devices market covered in this report is segmented –
1) By Product Type: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (ICD), Nerve Simulators, Cochlear Implants, Ventricular Assist Devices, Other Products
2) By Application: Cardiovascular, Neurological, Hearing Impairment, Other Applications
3) By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers
North America was the largest region in the active implantable medical devices market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the active implantable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increasing number of cardiovascular diseases is expected to propel the growth of the active implantable medical devices market going forward. Cardiovascular disease (CVD) refers to any condition that affects the heart or blood vessels. It is generally associated with the formation of fatty deposits inside the arteries (atherosclerosis) and an increased risk of blood clots. Active implantable medical devices are used to regulate or monitor irregular heartbeats in people who have specific heart rhythm problems or heart failure. The rise in the geriatric population has favored the demand for active implantable medical devices. For instance, in August 2022 according to a report published by the American College of Cardiology, a US-based non-profit medical association, cardiovascular risk factors are expected to increase from 2025 to 2060, with the highest proportional increase in diabetes (a 39.3% increase to 55 million), followed by dyslipidemia (a 27.6% increase to 126 million), hypertension (a 25.1% increase to 162 million), and obesity (18.3% to 126 million). The researchers have found that stroke (33.8% to 15 million) and heart failure (33.4% to 13 million) had the biggest expected increases in cardiovascular disease rates, followed by ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million). Therefore, the increase in cardiovascular diseases is driving the growth of the active implantable medical devices market.
Key Industry Players
Major companies operating in the active implantable medical devices market report are Medtronic PLC, Boston Scientific Corporation, Cochlear Limited, Abbott Laboratories, Sonova Holding AG,MED-EL Medical Electronics, Livanova PLC, Biotronik Se & Co., Kg, MicroPort Scientific Corporation, Envoy Medical Corporation, Pregna International, Johari Digital Healthcare Limited, Renalyx Health Systems, Medprime Technologies, Comofi Medtech, Dynamed Equipments, Aurolab, Unicorn Denmart Limited, Lepu Medical Technology Company, Calon Cardio, Better Medical Technology, Beijing Aeonmed Co., Ltd, BONSS MEDICAL, Koninklijke Philips N.V., Berlin Heals Holding AG, CorWave SA, Philips Healthcare, Draegerwerk AG, Getinge Group, Ceryx Medical, MEDICO s.r.l., Medical-Łomża Sp. z o.o., Panop CZ, Medplant LLC, P.H.U. Medical, ProVeterináře, Johnson & Johnson, Baxter, Stryker, Axio Biosolutions, Cirtec Medical, Masimo, Teleflex Inc, NAGL MedTech, B Braun Argentina, Braile Biomedica Ltd, Megadyne Argentina, Embramed Industria e Comercio de Produtos Hospitalares Ltd, Arabian Medical Enterprises LLC, Zahrawi Group, Al Burak Medical Services, Lodox Systems, Glenmed Healthcare Solutions (PTY) Ltd, Lepeke Medical Group, LTE Medical Solutions
The active implantable medical devices market report table of contents includes:
1. Executive Summary
2. Active Implantable Medical Devices Market Characteristics
3. Active Implantable Medical Devices Market Trends And Strategies
4. Active Implantable Medical Devices Market – Macro Economic Scenario
5. Global Active Implantable Medical Devices Market Size and Growth
…..
32. Global Active Implantable Medical Devices Market Competitive Benchmarking
33. Global Active Implantable Medical Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Active Implantable Medical Devices Market
35. Active Implantable Medical Devices Market Future Outlook and Potential Analysis
36. Appendix
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