The global implantable medical devices market size reached US$ 135.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 205.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.
Medical implants are devices that are used to replace or act as a fraction for a particular body part or for the whole biological structure. Every year thousands of people enhance the quality of their lives by going through surgical procedures that involve the fixing or removal of implantable medical devices. At present, implants are used for various parts of the body for different functions such as orthopedics, pacemakers, cardiovascular stents, defibrillators, neural prosthetics or drug delivery system. Implants are introduced either completely or partially via surgical or medical methods into the human body. The device can be implanted permanently or temporarily, depending upon the need and can be removed later on. There has been an increase in the number of age-related diseases with concurrent rise in the life-span of people. This has further increased the demand of various life prolonging medical aids such as new treatments, implants, prostheses, and long-term pharmaceutical usage. Implantable devices are made up of various types of materials such as tissues, metals, bones, plastics, skin, ceramics, etc.
2. What is the expected growth rate of the global implantable medical devices market during 2024-2032?
3. What are the key factors driving the global implantable medical devices market?
4. What has been the impact of COVID-19 on the global implantable medical devices market?
5. What is the breakup of the global implantable medical devices market based on the product type?
6. What is the breakup of the global implantable medical devices market based on the material?
7. What is the breakup of the global implantable medical devices market based on the end- user?
8. What are the key regions in the global implantable medical devices market?
9. Who are the key players/ companies in the global implantable medical devices market?
Medical implants are devices that are used to replace or act as a fraction for a particular body part or for the whole biological structure. Every year thousands of people enhance the quality of their lives by going through surgical procedures that involve the fixing or removal of implantable medical devices. At present, implants are used for various parts of the body for different functions such as orthopedics, pacemakers, cardiovascular stents, defibrillators, neural prosthetics or drug delivery system. Implants are introduced either completely or partially via surgical or medical methods into the human body. The device can be implanted permanently or temporarily, depending upon the need and can be removed later on. There has been an increase in the number of age-related diseases with concurrent rise in the life-span of people. This has further increased the demand of various life prolonging medical aids such as new treatments, implants, prostheses, and long-term pharmaceutical usage. Implantable devices are made up of various types of materials such as tissues, metals, bones, plastics, skin, ceramics, etc.
Global Implantable Medical Devices Market Trends:
Catalyzed by a strong growth of consumers' inclination towards body aesthetics and physical appearance, cosmetic surgeries are becoming increasingly common, driving the demand of implantable medical devices. Moreover, advancing technological innovations that enable an individual to enhance his/her beauty such as dental implants, pectoral implants, deltoid implants, thigh augmentation, breast implants, cochlear implants, etc. have further added to the rising demand of these devices. Additionally, rising occurrence of chronic diseases such as heart failures, arthritis, motor, sensory or cognitive modality, etc. that require various types of implants to sustain the life of a patient are also creating a positive impact on the growth of the market. Moreover, an increase in the geriatric population across both developed and developing regions has resulted in a rising prevalence of various chronic diseases which is further propelling the demand of these products.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global implantable medical devices market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on product type, material and end-user.Breakup by Product Type:
- Orthopedic Implants
- Dental Implants
- Facial Implants
- Breast Implants
- Cardiovascular Implants
- Others
Breakup by Material:
- Polymers
- Metals
- Ceramics
- Biologics
Breakup by End-User:
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Clinics
Breakup by Region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
- The competitive landscape of the market has also been examined with some of the key players being Abbott Laboratories, Biotronik, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc., Conmed Corporation, Globus Medical, Inc., Integra Lifesciences Holdings Corporation, Johnson & Johnson, LivaNova PLC, Medtronic plc, Nuvasive, Inc., Smith & Nephew Plc, St. Jude Medical, Inc., Institut Straumann AG., Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc
Key Questions Answered in This Report
1. What was the size of the global implantable medical devices market in 2023?2. What is the expected growth rate of the global implantable medical devices market during 2024-2032?
3. What are the key factors driving the global implantable medical devices market?
4. What has been the impact of COVID-19 on the global implantable medical devices market?
5. What is the breakup of the global implantable medical devices market based on the product type?
6. What is the breakup of the global implantable medical devices market based on the material?
7. What is the breakup of the global implantable medical devices market based on the end- user?
8. What are the key regions in the global implantable medical devices market?
9. Who are the key players/ companies in the global implantable medical devices market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Implantable Medical Devices Market
6 Market Breakup by Product Type
7 Market Breakup by Material
8 Market Breakup by End-User
9 Market Breakup by Region
10 Manufacturing Process
11 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Abbott Laboratories
- Biotronik
- Boston Scientific Corporation
- C. R. Bard Inc.
- Cardinal Health Inc.
- Conmed Corporation
- Globus Medical Inc.
- Integra Lifesciences Holdings Corporation
- Johnson & Johnson
- LivaNova PLC
- Medtronic plc
- Nuvasive Inc.
- Smith & Nephew Plc
- St. Jude Medical Inc.
- Institut Straumann AG.
- Stryker Corporation
- Wright Medical Group N.V
- Zimmer Biomet Holdings Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 135 Billion |
| Forecasted Market Value ( USD | $ 205.5 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
