Latest industry research report on: Global Implantable Medical Devices Market 2016: Industry Research, Size, Shares, Key Trends, Demand, Growth to 2022
Implantable medical devices are introduced into the human body through medical or surgical intervention and are left in the body after the procedure. They are widely preferred by the aged populace, who frequently suffer from organ degeneration. The primary driver for the global implantable medical device market is the continuous introduction of new products in the market. Moreover, this market is expected to grow with a healthy CAGR due to the rising incidence of chronic degenerative diseases, growing ageing population and rising healthcare expenditure. However, the high cost associated with implantable devices impedes the growth of the implantable medical devices market.
Zimmer Holdings Inc., Synthes Inc. Stryker Corporation, Smith And Nephew Plc, St. Jude Medical Inc., Johnson & Johnson, Boston Scientific Corporation, Alcon Laboratories and Abbott Laboratories are some of the key players of this market. Stryker and Zimmer offer numerous custom products for joint replacement surgeries. These two companies also dominate the market for bionic devices. Medtronic is one of the leaders in the cardiac implantable devices market.
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The global implantable medical devices market is segmented on the basis of type of products, procedures and geography. The products segment is further categorized into Orthopedic implants, Dental implants, Breast implants, Cardiovascular implants, Intraocular lens and Other implants. The market for orthopedic implant is growing at a rapid rate due to the growing ageing population and high prevalence of chronic degenerative conditions.
Based on operative procedures the market is segmented into Cardiovascular, Orthopedic, Ophthalmic and Other procedures, including Breast Augmentation. Geographically, the global implantable medical devices market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America and Europe dominate the market for implantable medical devices as several major players operate in this region.
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KEY MARKET SEGMENTS
The global implantable medical devices market is segmented into two broad categories: technology and geography.
MARKET BY PRODUCT TYPE
MARKET BY PROCEDURES
MARKET BY GEOGRAPHY
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