The future of the global implantable medical device market looks promising with opportunities in the hospital, ambulatory surgery center, and clinic markets. The global implantable medical device market is expected to reach an estimated $225.1 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases and rising requirement for organ replacement.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the implantable medical
device market by material (polymers, metals, ceramics, and biologics), product
(orthopedic implants, dental implants, facial implants, breast implants,
cardiovascular implants, and others), end use (hospitals, ambulatory surgery
centers, and clinics), and region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, polymer,
metal, ceramic and biologic are the major segments of implantable medical
device market by material. Lucintel forecasts that metal is expected to witness
the highest growth over the forecast period due to its various advantages, such
as cost-effectiveness, versatality, and biocompatibility.Within this market,
hospital will remain the largest segment.
North America is
expected to witness highest growth over the forecast period due to availability
of advanced healthcare infrastructure and presence of key players in the
region.
Abbott Laboratories,
Biotronik, Boston Scientific, C. R. Bard, and Cardinal Health are the major
suppliers in the implantable medical device market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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