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Implantable Medical Devices Market By Product: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 225 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640556
Description Jump to:
The global implantable medical devices market was valued at $91,868.94 million in 2020, and is projected to reach $179,032.75 million by 2030, registering a CAGR of 7.2% from 2021 to 2030. Implantable medical devices are surgically transplanted inside the body. These implants are used to replace or support any damaged body organ to enhance function of any body organ or to detect errors in normal body functioning. These devices can be either placed permanently or temporarily in human body and can be removed when they are no longer needed. These implantable devices are made up of bone, tissue, skin, ceramics, metals, and other natural materials.

The rise in prevalence of chronic diseases coupled with the rapidly ageing population drives the growth of the market. Moreover, increased awareness and technological advancements in medical implants also contributes toward the growth of the market. However, high implantation cost and lack of trained professionals in the medical surgeries sector are the major barriers for the growth of the market. Conversely, the surge in number of the reimbursement policies is expected to offer lucrative opportunities for market expansion during the forecast period.

The implantable medical devices market is segmented on the basis of product and region. By product, the market is categorized into orthopedic implants, dental implants, breast implants, cardiovascular implants, intraocular lenses and other implants. The orthopedic implants are further classified as spinal implants and reconstructive joint replacements. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits For Stakeholders

  • This report provides a detailed - Quantitative analysis of the current market trends and future estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the implantable medical devices market is provided.
  • An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
  • Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

Key Market Segments


BY PRODUCT

  • Breast Implants
  • Other Implants
  • Orthopedic Implants
  • Cardiovascular Implants
  • Intraocular Lens
  • Dental Implants

BY REGION

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Abbott Laboratories
  • Biotronik SE and Co. KG
  • Boston Scientific Corporation
  • C. R. Bard, Inc.
  • Cardinal Health, Inc.
  • CONMED Corporation
  • Globus Medical, Inc.
  • Integra LifeSciences Holdings Corporation
  • Johnson and Johnson
  • LivaNova PLC

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: IMPLANTABLE MEDICAL DEVICES MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Orthopedic Implants
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Cardiovascular Implants
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Intraocular Lens
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Dental Implants
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Breast Implants
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Other Implants
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
CHAPTER 5: IMPLANTABLE MEDICAL DEVICES MARKET, BY REGION
5.1 Overview
5.1.1 Market size and forecast
5.2 North America
5.2.1 Key trends and opportunities
5.2.2 North America Market size and forecast, by Product
5.2.3 North America Market size and forecast, by country
5.2.3.1 U.S.
5.2.3.1.1 Market size and forecast, by Product
5.2.3.2 Canada
5.2.3.2.1 Market size and forecast, by Product
5.2.3.3 Mexico
5.2.3.3.1 Market size and forecast, by Product
5.3 Europe
5.3.1 Key trends and opportunities
5.3.2 Europe Market size and forecast, by Product
5.3.3 Europe Market size and forecast, by country
5.3.3.1 Germany
5.3.3.1.1 Market size and forecast, by Product
5.3.3.2 France
5.3.3.2.1 Market size and forecast, by Product
5.3.3.3 United Kingdom
5.3.3.3.1 Market size and forecast, by Product
5.3.3.4 Italy
5.3.3.4.1 Market size and forecast, by Product
5.3.3.5 Spain
5.3.3.5.1 Market size and forecast, by Product
5.3.3.6 Rest of Europe
5.3.3.6.1 Market size and forecast, by Product
5.4 Asia-Pacific
5.4.1 Key trends and opportunities
5.4.2 Asia-Pacific Market size and forecast, by Product
5.4.3 Asia-Pacific Market size and forecast, by country
5.4.3.1 Japan
5.4.3.1.1 Market size and forecast, by Product
5.4.3.2 China
5.4.3.2.1 Market size and forecast, by Product
5.4.3.3 Australia
5.4.3.3.1 Market size and forecast, by Product
5.4.3.4 India
5.4.3.4.1 Market size and forecast, by Product
5.4.3.5 South Korea
5.4.3.5.1 Market size and forecast, by Product
5.4.3.6 Rest of Asia-Pacific
5.4.3.6.1 Market size and forecast, by Product
5.5 LAMEA
5.5.1 Key trends and opportunities
5.5.2 LAMEA Market size and forecast, by Product
5.5.3 LAMEA Market size and forecast, by country
5.5.3.1 Brazil
5.5.3.1.1 Market size and forecast, by Product
5.5.3.2 Saudi Arabia
5.5.3.2.1 Market size and forecast, by Product
5.5.3.3 South Africa
5.5.3.3.1 Market size and forecast, by Product
5.5.3.4 Rest of LAMEA
5.5.3.4.1 Market size and forecast, by Product
CHAPTER 6: COMPANY LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Key developments
CHAPTER 7: COMPANY PROFILES
7.1 Abbott Laboratories
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Operating business segments
7.1.4 Product portfolio
7.1.5 Business performance
7.1.6 Key strategic moves and developments
7.2 Biotronik SE and Co. KG
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating business segments
7.2.4 Product portfolio
7.2.5 Business performance
7.2.6 Key strategic moves and developments
7.3 Boston Scientific Corporation
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Product portfolio
7.3.5 Business performance
7.3.6 Key strategic moves and developments
7.4 C. R. Bard, Inc.
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Product portfolio
7.4.5 Business performance
7.4.6 Key strategic moves and developments
7.5 Cardinal Health, Inc.
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Product portfolio
7.5.5 Business performance
7.5.6 Key strategic moves and developments
7.6 CONMED Corporation
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Operating business segments
7.6.4 Product portfolio
7.6.5 Business performance
7.6.6 Key strategic moves and developments
7.7 Globus Medical, Inc.
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Product portfolio
7.7.5 Business performance
7.7.6 Key strategic moves and developments
7.8 Integra LifeSciences Holdings Corporation
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Operating business segments
7.8.4 Product portfolio
7.8.5 Business performance
7.8.6 Key strategic moves and developments
7.9 Johnson and Johnson
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 Product portfolio
7.9.5 Business performance
7.9.6 Key strategic moves and developments
7.10 LivaNova PLC
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Operating business segments
7.10.4 Product portfolio
7.10.5 Business performance
7.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Implantable Medical Devices Market, by Product, 2020-2030, ($Million)
Table 2. Implantable Medical Devices Market Revenue, for Orthopedic Implants, by Region, 2020-2030, ($Million)
Table 3. Implantable Medical Devices Market Orthopedic Implants by Country, 2020-2030, ($Million)
Table 4. Implantable Medical Devices Market Revenue, for Cardiovascular Implants , by Region, 2020-2030, ($Million)
Table 5. Implantable Medical Devices Market Cardiovascular Implants by Country, 2020-2030, ($Million)
Table 6. Implantable Medical Devices Market Revenue, for Intraocular Lens , by Region, 2020-2030, ($Million)
Table 7. Implantable Medical Devices Market Intraocular Lens by Country, 2020-2030, ($Million)
Table 8. Implantable Medical Devices Market Revenue, for Dental Implants, by Region, 2020-2030, ($Million)
Table 9. Implantable Medical Devices Market Dental Implants by Country, 2020-2030, ($Million)
Table 10. Implantable Medical Devices Market Revenue, for Breast Implants, by Region, 2020-2030, ($Million)
Table 11. Implantable Medical Devices Market Breast Implants by Country, 2020-2030, ($Million)
Table 12. Implantable Medical Devices Market Revenue, for Other Implants, by Region, 2020-2030, ($Million)
Table 13. Implantable Medical Devices Market Other Implants by Country, 2020-2030, ($Million)
Table 14. Implantable Medical Devices Market, by Region, 2020-2030, ($Million)
Table 15. North America Implantable Medical Devices Market, by Product, 2020-2030, ($Million)
Table 16. North America Implantable Medical Devices Market, by Country, 2020-2030, ($Million)
Table 17. U.S. Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 18. Canada Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 19. Mexico Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 20. Europe Implantable Medical Devices Market, by Product, 2020-2030, ($Million)
Table 21. Europe Implantable Medical Devices Market, by Country, 2020-2030, ($Million)
Table 22. Germany Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 23. France Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 24. United Kingdom Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 25. Italy Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 26. Spain Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 27. Rest of Europe Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 28. Asia-Pacific Implantable Medical Devices Market, by Product, 2020-2030, ($Million)
Table 29. Asia-Pacific Implantable Medical Devices Market, by Country, 2020-2030, ($Million)
Table 30. Japan Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 31. China Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 32. Australia Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 33. India Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 34. South Korea Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 35. Rest of Asia-Pacific Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 36. LAMEA Implantable Medical Devices Market, by Product, 2020-2030, ($Million)
Table 37. LAMEA Implantable Medical Devices Market, by Country, 2020-2030, ($Million)
Table 38. Brazil Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 39. Saudi Arabia Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 40. South Africa Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 41. Rest of LAMEA Implantable Medical Devices Market by Product 2020-2030, ($Million)
Table 42. Abbott Laboratories: Company Snapshot
Table 43. Abbott Laboratories: Operating Segments
Table 44. Abbott Laboratories: Product Portfolio
Table 45. Abbott Laboratories: Net Sales
Table 46. Abbott Laboratories: Key Stratergies
Table 47. Biotronik Se and Co. Kg: Company Snapshot
Table 48. Biotronik Se and Co. Kg: Operating Segments
Table 49. Biotronik Se and Co. Kg: Product Portfolio
Table 50. Biotronik Se and Co. Kg: Net Sales
Table 51. Biotronik Se and Co. Kg: Key Stratergies
Table 52. Boston Scientific Corporation: Company Snapshot
Table 53. Boston Scientific Corporation: Operating Segments
Table 54. Boston Scientific Corporation: Product Portfolio
Table 55. Boston Scientific Corporation: Net Sales
Table 56. Boston Scientific Corporation: Key Stratergies
Table 57. C. R. Bard, Inc.: Company Snapshot
Table 58. C. R. Bard, Inc.: Operating Segments
Table 59. C. R. Bard, Inc.: Product Portfolio
Table 60. C. R. Bard, Inc.: Net Sales
Table 61. C. R. Bard, Inc.: Key Stratergies
Table 62. Cardinal Health, Inc.: Company Snapshot
Table 63. Cardinal Health, Inc.: Operating Segments
Table 64. Cardinal Health, Inc.: Product Portfolio
Table 65. Cardinal Health, Inc.: Net Sales
Table 66. Cardinal Health, Inc.: Key Stratergies
Table 67. Conmed Corporation: Company Snapshot
Table 68. Conmed Corporation: Operating Segments
Table 69. Conmed Corporation: Product Portfolio
Table 70. Conmed Corporation: Net Sales
Table 71. Conmed Corporation: Key Stratergies
Table 72. Globus Medical, Inc.: Company Snapshot
Table 73. Globus Medical, Inc.: Operating Segments
Table 74. Globus Medical, Inc.: Product Portfolio
Table 75. Globus Medical, Inc.: Net Sales
Table 76. Globus Medical, Inc.: Key Stratergies
Table 77. Integra Lifesciences Holdings Corporation: Company Snapshot
Table 78. Integra Lifesciences Holdings Corporation: Operating Segments
Table 79. Integra Lifesciences Holdings Corporation: Product Portfolio
Table 80. Integra Lifesciences Holdings Corporation: Net Sales
Table 81. Integra Lifesciences Holdings Corporation: Key Stratergies
Table 82. Johnson and Johnson: Company Snapshot
Table 83. Johnson and Johnson: Operating Segments
Table 84. Johnson and Johnson: Product Portfolio
Table 85. Johnson and Johnson: Net Sales
Table 86. Johnson and Johnson: Key Stratergies
Table 87. Livanova plc: Company Snapshot
Table 88. Livanova plc: Operating Segments
Table 89. Livanova plc: Product Portfolio
Table 90. Livanova plc: Net Sales
Table 91. Livanova plc: Key Stratergies
LIST OF FIGURES
Figure 1. Implantable Medical Devices Market Segmentation
Figure 2. Implantable Medical Devices Market, 2020-2030
Figure 3. Implantable Medical Devices Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Implantable Medical Devices Market:Drivers, Restraints and Opportunities
Figure 11. Implantable Medical Devices Market, by Product, 2020 (%)
Figure 12. Comparative Share Analysis of Orthopedic Implants Implantable Medical Devices Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Cardiovascular Implants Implantable Medical Devices Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Intraocular Lens Implantable Medical Devices Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Dental Implants Implantable Medical Devices Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Breast Implants Implantable Medical Devices Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Other Implants Implantable Medical Devices Market, 2020-2030 (%)
Figure 18. Implantable Medical Devices Market by Region, 2020
Figure 19. U.S. Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 20. Canada Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 21. Mexico Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 22. Germany Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 23. France Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 24. United Kingdom Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 25. Italy Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 26. Spain Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 27. Rest of Europe Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 28. Japan Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 29. China Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 30. Australia Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 31. India Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 32. South Korea Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 33. Rest of Asia-Pacific Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 34. Brazil Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 35. Saudi Arabia Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 36. South Africa Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 37. Rest of LAMEA Implantable Medical Devices Market, 2020-2030 ($Million)
Figure 38. Top Winning Strategies, by Year
Figure 39. Top Winning Strategies, by Development
Figure 40. Top Winning Strategies, by Company
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap of Top 10 Key Players
Figure 44. Abbott Laboratories.: Net Sales, ($Million)
Figure 45. Biotronik SE and Co. KG.: Net Sales, ($Million)
Figure 46. Boston Scientific Corporation.: Net Sales, ($Million)
Figure 47. C. R. Bard, Inc. Net Sales, ($Million)
Figure 48. Cardinal Health, Inc. Net Sales, ($Million)
Figure 49. Conmed Corporation.: Net Sales, ($Million)
Figure 50. Globus Medical, Inc. Net Sales, ($Million)
Figure 51. Integra Lifesciences Holdings Corporation.: Net Sales, ($Million)
Figure 52. Johnson and Johnson.: Net Sales, ($Million)
Figure 53. Livanova PLC.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Implantable Medical Devices Market,' the implantable medical devices market was valued at $91,868.94 million in 2020, and is estimated to reach $179.0 Billion by 2030, growing at a CAGR of 7.2% from 2021 to 2030.

An implant is a medical device, which is used to replace or support any damaged body organs, improve the functioning of body organs, or treat defects in normal body functions. These can be surgically implanted either permanently or temporarily in the human body, and can be removed when dispensable. These implantable devices comprise bones, tissues, skin, ceramics, metals, plastics, and other natural materials. Medical implants are used to replace a missing biological structure, support a damaged biological structure, or enhance an existing biological structure.

The major factors that drive the implantable medical devices market growth are increase in geriatric population, rapid technological advancements, rise in incidence of chronic diseases, surge in adoption of advanced implantable medical devices, and growth in awareness about the benefits & availability of these devices. Moreover, increase in the awareness for implants in emerging economies also contributes toward the growth of the implantable medical devices market trends. However, the high cost of implantable medical devices and limited insurance coverage are expected to restrain the market growth during the forecast period. Conversely, ongoing R&D activities in the field of implantable medical devices offer lucrative growth opportunities for the market.

Coronavirus (COVID-19) was discovered in late December, 2019, in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans. Amidst the initial outbreak of COVID-19, the reduced hospital admissions of the patients to undergo implant surgery were observed. Various regions reported the reduction in patient admission in the hospital indicating that many patients with moderate and severe disabilities were avoiding hospital visits. Overall, the IMPACT OF COVID-19 on the implantable medical devices industry was recorded to be fairly negative. This was attributed to decrease in the demand for the implant surgeries. Moreover, the market players have reduced the investment in raw materials and resources owing to decline in number of hospital admission of the patients to undergo the implant surgeries.
-The implantable medical devices market is segmented on the basis of product and region. By product, the implantable medical devices market size is categorized into orthopedic implants, dental implants, breast implants, cardiovascular implants, intraocular lenses, and other implants. The orthopedic implants are further classified as spinal implants and reconstructive joint replacements. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
-On the basis of product, the global implantable medical devices market is classified into orthopedic implants, dental implants, breast implants, cardiovascular implants, intraocular lenses, and other implants. The other implants segment was the major implantable medical devices market size to the global market in 2020, and is anticipated to remain dominant during the forecast period due to technological advancements in the implantable medical devices, increase in adoption of implantable medical devices, rise in incidence rate of chronic cardiovascular diseases, and surge in number of advanced and effective product launches.
-North America accounted for major share of the global implantable medical devices market share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to increase in incidences of chronic diseases, surge in demand for implantable medical devices, availability of advanced healthcare facilities with trained medical professionals, rise in number of R&D activities coupled with large presence of key players, and surge in investment made by governments in the healthcare system. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period. Moreover, Japan and China are expected to grow at high CAGR in Asia-Pacific implantable medical devices market majorly due to improvement in healthcare infrastructure, rise in number of hospitals equipped with advanced instruments, development of the R&D sector, upsurge in healthcare reforms, and technological advancements in the field of implants.

Companies Mentioned

  • Abbott Laboratories
  • Biotronik SE and Co. KG
  • Boston Scientific Corporation
  • C. R. Bard, Inc.
  • Cardinal Health, Inc.
  • CONMED Corporation
  • Globus Medical, Inc.
  • Integra LifeSciences Holdings Corporation
  • Johnson and Johnson
  • LivaNova PLC

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages225
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 91868.94 million
Forecasted Market Value ( USD ) by 2030 $ 179032.75 million
Compound Annual Growth Rate6.9%
Regions CoveredGlobal
No. of Companies Mentioned10

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