Active Implantable Devices Market to Record 6.7% CAGR to 2022, Expects Meticulous Research in Its New Report Available at MarketPublishers.com
31 Jan 2018 • by Natalie Aster
LONDON – Worldwide, the active implantable devices sector is poised to reach USD 24.02 billion by 2022, posting a 6.7% CAGR. The surging need for effective, faster, and safer devices is on a constant increase, which is mainly propelling the market’s growth. Additionally, key factors like rising burden of heart diseases, increasing prevalence rates of neurological disturbances, increasing investment and funds to create innovative products, and growing applications of neurostimulators will likely boost the market’s growth. Meantime, tough regulations for approvals & growing product recalls, expensiveness of implants, and unfavourable reimbursement scenario could somewhat restrain the market growth in the offing. Furthermore, soaring pricing pressures on market players pose a big challenge for the market’s growth.
Implantable cardioverter defibrillators (ICDs) grabbed the largest share of the overall market as of 2016, chiefly owing to surging uptake of ICDs for the prevention of sudden cardiac deaths (SCD), and rising burden of patients with hypertonia.
North America dominates the market, however, APAC is slated to observe the fastest growth in the world active implantable devices sector in the offing.
Medtronic plc, Abbott Laboratories, and Boston Scientific Corporation together hold nearly three-fourth share of the total market as of 2016.
New topical report “Active Implantable Devices Market – Global Opportunity Analysis And Industry Forecast (2017-2022)” developed by Meticulous Market Research provides an all-encompassing analysis of the market globally.
The publication presents an extensive analysis of the major product categories and their sub-segments with detailed assessment of major trends, drivers, and top players, in tandem with exhaustive market size estimates plus forecasts for each of the segments at both regional and country level. The study offers an exhaustive analysis of the industry for the 5 leading geographies, providing profound insights into the key trends of the industry in the regions & countries discussed. Moreover, this report includes vital information on the competitive landscape, offers a market share analysis of leading players and provides detailed profiles of top 11 market players across the value chain of the industry. It also offers a market share analysis by leading players for different segments. In addition, a comprehensive future outlook for the market is provided in this report.
Visit Meticulous Research catalogue to find a full collection of the publisher’s market research studies.