Active Implantable Medical Device: Introduced Through Medical Intervention into a Natural Orifice, and Is Envisioned To Remain There After the Procedure

Latest market study on “Active Implantable Medical Devices Market – Global Analysis and Forecast”, the Active Implantable Medical Devices Market is projected to witness a significant growth during the forecast period. Factors such as upsurge in geriatric population, varied technological advancements, rising incidence of chronic diseases, and high rate of adoption of advanced implantable medical devices is propelling the growth of this market. However, certain factors such as high cost and limited coverage of insurance schemes for the active implantable medical devices may restrain the growth of this market. In the developed markets, the market for active implantable medical devices market has reached maturity. However, rise in awareness for these implantable devices among populations has augmented the market growth in the emerging countries.

North America dominates the market for the active implantable medical devices however, Asia Pacific is expected to grow at a highest CAGR during the forecast period. Though, unfavorable healthcare reforms in US, concerns allied to the implantable medical devices usage, and the expensive neurostimulators and cardiac implantable devices may hamper the market growth to a certain extent during the forecast period. Furthermore, the development of subcutaneous implantable cardioverter defibrillators provides a prosperous opportunity to the growth of the market.

The Implantable hearing devices is anticipated to grow at the highest CAGR during the forecast period. This growth is majorly attributed to the mounting incidences of hearing loss globally as well as rising ENT procedures owing to favorable reimbursement policies particularly, in the developed countries.

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The market for active implantable medical devices is highly consolidated and few companies holds the major share of the total market. Some of the major players in the operating in the Active Implantable Medical Devices market include Medtronic plc, Abbott Laboratories and Boston Scientific Corporation. The other players in this market are BIOTRONIK SE & Co. KG, LivaNova PLC, Cochlear Limited, MED-EL, Sonova Holding AG and William Demant Holding A/S.

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