ACTIVE IMPLANTABLE MEDICAL DEVICES MARKET ANALYSIS

Active Implantable Medical Devices Market, By Product (Implantable Cardioverter Defibrillators, Implantable Cardiac Pacemakers, Ventricular Assist Devices, Implantable Heart Monitors/Insertable Loop Recorders, Neurostimulators, Implantable Hearing Devices, Others), By End Users (Hospitals, Ambulatory Surgery Center, Specialty Clinics, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024
Code : CMI1126
Pages :197
Formats :
Excel and PDF
Industry : Medical Devices

Regional Analysis

Active Implantable Medical Devices Market Regional Insights

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North America dominates the global active implantable medical devices market with an estimated market share of 41.3% in 2024, owing to strong industry presence and large domestic market. American companies such as Medtronic, Boston Scientific and Abbott Laboratories lead the world in innovating and manufacturing implantable devices such as pacemakers, defibrillators and neurostimulators. The sheer scale and spending power of the U.S healthcare system has enabled these firms to invest heavily in R&D, driving new product development.

Favorable regulations and reimbursement policies also drives the market growth. The U.S Food and Drug Administration approves new devices at a rapid pace compared to its counterparts in other nations. Private and public health insurers also widely cover costs associated with implantable device procedures and maintenance. Thus, the region witness earliest and fullest adoption of cutting-edge active implantable technologies.