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Pulished Date April, 2021
ID: 4847
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Global Active Implantable Medical Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product & Region - Industry Forecast (2021 to 2026)

Pulished: April, 2021
ID: 4847
Pages: 185

Global Active Implantable Medical Devices Market Size (2021 to 2026)

The global active implantable medical devices market size is expected to be growing at a 7.76% CAGR from 2021 to 2026. The market is estimated to be worth USD 36.17 Billion by 2026 from USD 24.89 billion in 2021.

Active Implantable Medical Devices are widely utilized in the medical field for diagnostic and therapeutic purposes, and they are implanted totally or partially in the human body. The device will be implanted in the patient's body and will remain there forever. Heart rhythms can be controlled, hypertension can be monitored, functional electrical stimulation of nerves can be provided, glaucoma sensors can be used, and bladder and cranial pressure may be monitored. Many wireless medical devices communicate with receivers in the area that are connected to landlines, cellular networks, or high-speed internet access. Cardiovascular devices, Parkinson's disease, epilepsy, spasticity, and individuals with hearing or vision impairment are among the diseases for which active implanted medical devices are used.

MARKET DRIVERS:

Growing incidence of cardiovascular diseases, growing aging population, and rising support to technological developments primarily drive the global active implantable medical devices market growth.

The growing elderly population is one of the critical elements of globally active implantable medical devices market growth. The number of people over 65 is supposed to increase from 524 million in 2010 to about 1.5 billion in 2050. By 2050, the global age group over 80 will have 379 million, expected to be 5.5 times the 65 million in 2000. Age is associated with a gradual decline in functional reserve in multiple organ systems, including the heart, brain, and ears. Therefore, it is not surprising that elderly patients use imbalanced medical resources. About 92% of the elderly have at least one chronic illness, and 77% of the elderly have at least two chronic diseases.

Additionally, the emergence of innovative implantable products with enhanced performance and effortless operative procedures is expected to support the market's growth rate during the forecast period. Favorable government policies are likely to offer several opportunities to the new and well-established manufacturers in the market. The rising prevalence of cardiovascular diseases and increasing demand for active implantable devices, especially in developing countries, is another promising factor in helping the market reach new heights in growth. Furthermore, an increasing number of medical research activities to create advanced and ergonomically enhanced technologies due to an expanding number of various diseases offer lucrative growth opportunities and push the limits of the global active implantable medical devices market worldwide.

MARKET RESTRAINTS:

Issues related to using such devices, such as those related to device failure and network security, may hinder market growth soon. In addition, the high cost and adverse compensation policies of implantable medical devices are vital challenges and limit the adoption of active implantable medical device solutions in the global market.

COVID-19 Impact on Active Implantable Medical Devices Market:

The COVID-19 has affected the Global Economy adversely. The World Health Organization COVID 19 as a public health emergency. Due to its fast spread through human interactions, all countries globally had declared a strict lockdown. The lockdown is the main culprit for the demolition of the global economy. The active implantable medical devices market has been affected negatively during the pandemic. Due to lockdown, all the transportation services were stopped, and the supply chain was disturbed. Moreover, all the hospitals have prioritized COVID-19 patients, where all the other treatment procedures were either canceled or postponed. The non-essential patients have been neglected and postponed their appointments, due to which the market was slowed down during the pandemic. Nevertheless, post-COVID-19, the patients are getting treated accordingly, and the active implantable medical devices market was getting into profits. The market players are the primary factor to keep the market into profits post covid.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Product and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global active implantable medical devices market has been segmented and sub-segmented based on the product and region.

Active Implantable Medical Devices Market – By Product:

  • Implantable Cardioverter Defibrillators
    • Transvenous Implantable Cardioverter Defibrillators
      • Biventricular Implantable Cardioverter Defibrillators (ICDs)/Cardiac Resynchronization Therapy Defibrillators (CRT-Ds)
      • Dual-Chamber Implantable Cardioverter Defibrillators
      • Single-Chamber Implantable Cardioverter Defibrillators
    • Subcutaneous Implantable Cardioverter Defibrillator
  • Implantable Cardiac Pacemakers
  • Ventricular Assist Devices
  • Implantable Heart Monitors/Insertable Loop Recorders
  • Neurostimulators
    • Spinal Cord Stimulators
    • Deep Brain Stimulators
    • Sacral Nerve Stimulators
    • Vagus Nerve Stimulators
    • Gastric Electrical Stimulators
  • Implantable Hearing Devices
    • Active Hearing Implants
    • Passive Hearing Implants

Based on the product, the Cardioverter defibrillators segment held the largest share in 2019. It is due to the increase in cardiovascular diseases and high compliance with technologically advanced products.

Another segment that plays a pivotal role in the growth in the global active implantable medical devices market is transvenous implantable cardioverter defibrillators. Over the sub-segments of this type, the single-chamber implantable cardioverter defibrillators dominate, followed by subcutaneous implantable cardioverter defibrillators.

The neurostimulators market to witness the highest growth rate during the forecast period. The demand for neurostimulators, profound brain stimulators, is growing significantly across the globe. In addition, an increase in the prevalence of chronic pain, such as neuropathic pain, pain due to diabetes, arthritis, anxiety, and suffering from an injury, has significantly increased the demand for neurostimulators.

Active Implantable Medical Devices Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Geographically, North America is leading the market with the highest market share during the forecast period. The North America Active Implantable Medical Devices Market was sized at USD 7.49 billion in 2020 and anticipated to reach USD 10.77 billion by 2025 at a CAGR of 7.53% between 2020 to 2025. The rise in the geriatric population and the surge in neurological diseases drive North America's active implantable medical devices market. The United States is leading the North American market in terms of market share. The rise in cardiovascular vascular diseases and the accessibility to advancements in technologies drive the United States market. For instance, according to the American College of Cardiology, in 2017, more than 800,000 members were dead from cardiovascular disease (CVD) only in the United States. Moreover, for every 40seconds, an American will die from CVD, and coronary heart disease (CHD) like stroke and heart failure accounts for most CVD deaths. American Heart Association (AHA) estimates that about 5.7 million adults suffer from congestive heart failure in the United States. Moreover, the rise in innovative and technologically advanced products is boosting the United States market. Further, Canada is predominantly increasing with the rising healthcare expenditure in this region. These are the factors that led the North American Active Implantable Medical Devices Market during the forecast period.

Europe is the second-largest market in terms of market share. The Europe Active Implantable Medical Devices Market is valued at USD 5.13 billion in 2020. This value is assumed to reach USD 7.49 billion by 2025 to get a 7.86% CAGR during the forecast period. The rise in the elder people population, a constant surge in cardiovascular and neurological diseases propel market growth. According to the European Heart Network, more than 3.9 million people die from cardiovascular disease (CVD) every year in Europe, and over 1.8 million deaths in the European Union (EU). Germany and the United Kingdom are the major contributors to the European market. The UK's active implantable medical devices market is witnessed to have robust growth during the forecast period, and the massive availability of advanced technologies in Germany is boosting the market. France is assumed to have a significant growth rate in the market in the future years.

The Asia-Pacific region is expected to grow at the highest CAGR. The Asia-Pacific market is valued at USD 4.28 billion in 2020 and is expected to reach USD 6.43 billion by 2025 at a CAGR of 8.45% during the forecast period. The rise in healthcare spending and the healthcare reforms for infrastructural development are driving the market. The countries like China and India have a huge geriatric population, and the healthcare infrastructure in these countries is developing every year, thus showing immense healthcare market potential. In addition, the less strict regulations are attracting pharmaceutical companies to invest in China and India. These are the factors that boost the Asia Pacific Active Implantable Medical Devices Market in the upcoming years.

KEY MARKET PARTICIPANTS:

Notable companies operating in the global active implantable medical devices market profiled in this report are Medtronic PLC, Abbott Laboratories, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, LivaNova, Cochlear Limited, MED-EL, Sonova Holding AG, William Demant Holding A/S, and Nurotron Biotechnology Co. Ltd.

KEY MARKET HAPPENINGS:

  • In May 2019, Medtronic plc developed the Attain Stability Quad MRI SureScan for active fixation of left heart lead, which has been paired with pacemakers and defibrillators associated with Medtronic’s quadripolar cardiac resynchronization therapy. The device is to attain stability and precision in lead placement, and the product has been approved by the FDA (Food and drug administration in the U.S).
  • In Aug 2019, Boston scientific corporation completed the acquisition of BTG Plc, a company that is offering a variety of products in streams of specialty pharmaceuticals, cardiovascular, and cancer treatment procedures. The strategic collaboration will enable the Boston Scientific Corporation to provide advanced technologies and improve the infrastructure to support professionals treating severe diseases across the world.
  • In Dec 2019, Impulse Dynamics Company developed a device called the Optimizer smart system, which applies to CCM therapy. The FDA has approved the product for treating cardiac dysfunctions in patients. The company has been funded by crucial investors such as Amzek Health Investors, Minth Holdings ltd, Acom biosciences, etc.

1.Introduction                                                  

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                               

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                           

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                      

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 Epidemology                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

5. Market Segmentation                                                              

                5.1 Product                                        

                                5.1.1 Introduction                           

                                5.1.2 Implantable Cardioverter Defibrillators                      

                                                5.1.2.1 Transvenous Implantable Cardioverter Defibrillators        

                                                                5.1.2.1.1 Biventricular Implantable Cardioverter Defibrillators (ICDs)/Cardiac Resynchronization Therapy Defibrillators (CRT-Ds)

                                                                5.1.2.1.2 Dual-Chamber Implantable Cardioverter Defibrillators

                                                                5.1.2.1.3 Single-Chamber Implantable Cardioverter Defibrillators

                                                5.1.2.2 Subcutaneous Implantable Cardioverter Defibrillator       

                                5.1.3 Implantable Cardiac Pacemakers                   

                                5.1.4 Ventricular Assist Devices                 

                                5.1.5 Implantable Heart Monitors/Insertable Loop Recorders                     

                                5.1.6 Neurostimulators                 

                                                5.1.6.1 Spinal Cord Stimulators  

                                                5.1.6.2 Deep Brain Stimulators  

                                                5.1.6.3 Sacral Nerve Stimulators               

                                                5.1.6.4 Vagus Nerve Stimulators               

                                                5.1.6.5 Gastric Electrical Stimulators        

                                5.1.7 Implantable Hearing Devices                           

                                                5.1.7.1 Active Hearing Implants 

                                                5.1.7.2 Passive Hearing Implants              

                                5.1.5  Y-o-Y Growth Analysis, By Product                              

                                5.1.6  Market Attractiveness Analysis, By Product                            

                                5.1.7  Market Share Analysis, By Product                              

6. Geographical Analysis                                                              

                6.1 Introduction                                               

                                6.1.1 Regional Trends                    

                                6.1.2 Impact Analysis                     

                                6.1.3 Y-o-Y Growth Analysis                        

                                                6.1.3.1 By Geographical Area     

                                                6.1.3.2 By Product           

                                6.1.4  Market Attractiveness Analysis                     

                                                6.1.4.1 By Geographical Area     

                                                6.1.4.2 By Product           

                                6.1.5  Market Share Analysis                      

                                                6.1.5.1 By Geographical Area     

                                                6.1.5.2 By Product           

                6.2 North America                                          

                                6.1.1 Introduction                           

                                6.1.2 United States                         

                                6.1.3 Canada                     

                6.3 Europe                                         

                                6.2.1 Introduction                           

                                6.2.2 U.K                             

                                6.2.3 Spain                         

                                6.2.4 Germany                 

                                6.2.5 Italy                            

                                6.2.6 France                       

                6.4 Asia-Pacific                                 

                                6.3.1 Introduction                           

                                6.3.2 China                         

                                6.3.3 India                          

                                6.3.4 Japan                         

                                6.3.5 Australia                   

                                6.3.6 South Korea                           

                6.5 Latin America                                             

                                6.4.1 Introduction                           

                                6.4.2 Brazil                          

                                6.4.3 Argentina                

                                6.4.4 Mexico                     

                                6.4.5 Rest of Latin America                          

                6.6 Middle East & Africa                                               

                                6.5.1 Introduction                           

                                6.5.2 Middle-East                            

                                6.5.3 Africa                         

7.Strategic Analysis                                                        

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

8.Market Leaders' Analysis                                                         

                8.1 Medtronic plc                                            

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Financial analysis                  

                                8.1.4 Recent Developments                       

                                8.1.5 SWOT analysis                       

                                8.1.6 Analyst View                          

                8.2 Abbott Laboratories                                               

                8.3 Boston Scientific Corporation                                             

                8.4 BIOTRONIK SE & Co. KG                                        

                8.5 LivaNova PLC.                                            

                8.6 Cochlear Limited                                      

                8.7 MED-EL                                        

                8.8 Sonova Holding AG                                 

                8.9 William Demant Holding A/S                                               

                8.10 Nurotron Biotechnology Co. Ltd.                                    

9.Competitive Landscape                                                            

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

10.Market Outlook and Investment Opportunities                                                          

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the region-wise market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Active Implantable Medical Devices Market, By Region, From 2021 to 2026 (USD Million)
  2. Global Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  3. Global Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Million)
  4. Global Cardiac Pacemaker Market, By Region, From 2021 to 2026 (USD Million)
  5. Global Ventricular Assist Device Market, By Region, From 2021 to 2026 (USD Million)
  6. Global Neurostimulator Market, By Region, From 2021 to 2026 (USD Million)
  7. Global Implantable Hearing Devices Market, By Region, From 2021 to 2026 (USD Million)
  8. North America Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  9. North America Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Million)
  10. North America Cardiac Pacemaker Market, By Region, From 2021 to 2026 (USD Million)
  11. North America Ventricular Assist Device Market, By Region, From 2021 to 2026 (USD Million)
  12. North America Neurostimulator Market, By Region, From 2021 to 2026 (USD Million)
  13. North America Implantable Hearing Devices Market, By Region, From 2021 to 2026 (USD Million)
  14. United States Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  15. Canada Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  16. Europe Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  17. Europe Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Million)
  18. Europe Cardiac Pacemaker Market, By Region, From 2021 to 2026 (USD Million)
  19. Europe Ventricular Assist Device Market, By Region, From 2021 to 2026 (USD Million)
  20. Europe Neurostimulator Market, By Region, From 2021 to 2026 (USD Million)
  21. Europe Implantable Hearing Devices Market, By Region, From 2021 to 2026 (USD Million)
  22. U.K. Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  23. Germany Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  24. France Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  25. Italy Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  26. Spain Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  27. Asia-Pacific Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  28. Asia-Pacific Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Million)
  29. Asia-Pacific Cardiac Pacemaker Market, By Region, From 2021 to 2026 (USD Million)
  30. Asia-Pacific Ventricular Assist Device Market, By Region, From 2021 to 2026 (USD Million)
  31. Asia-Pacific Neurostimulator Market, By Region, From 2021 to 2026 (USD Million)
  32. Asia-Pacific Implantable Hearing Devices Market, By Region, From 2021 to 2026 (USD Million)
  33. Japan Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  34. China Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  35. India Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  36. Australia Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  37. South Korea Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  38. Latin America Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  39. Latin America Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Million)
  40. Latin America Cardiac Pacemaker Market, By Region, From 2021 to 2026 (USD Million)
  41. Latin America Ventricular Assist Device Market, By Region, From 2021 to 2026 (USD Million)
  42. Latin America Neurostimulator Market, By Region, From 2021 to 2026 (USD Million)
  43. Latin America Implantable Hearing Devices Market, By Region, From 2021 to 2026 (USD Million)
  44. Brazil Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  45. Argentina Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  46. Mexico Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  47. Rest of Latin America Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  48. Middle East & Africa Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  49. Middle East & Africa Implantable Cardioverter Defibrillators Market, By Region, From 2021 to 2026 (USD Million)
  50. Middle East & Africa Cardiac Pacemaker Market, By Region, From 2021 to 2026 (USD Million)
  51. Middle East & Africa Ventricular Assist Device Market, By Region, From 2021 to 2026 (USD Million)
  52. Middle East & Africa Neurostimulator Market, By Region, From 2021 to 2026 (USD Million)
  53. Middle East & Africa Implantable Hearing Devices Market, By Region, From 2021 to 2026 (USD Million)
  54. Middle East Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)
  55. Africa Active Implantable Medical Devices Market, By Product, From 2021 to 2026 (USD Million)

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