Us Active Implantable Devices Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Active Implantable Devices Market was valued at USD 15.5 Billion in 2022 and is projected to reach USD 24.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The U.S. active implantable medical devices market is experiencing significant growth, driven by technological advancements and an increasing prevalence of chronic diseases. In 2023, the global implantable medical devices market was valued at approximately USD 91.5 billion and is projected to reach USD 138.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.1%.
Several factors contribute to this expansion:
Technological Innovations: Companies are introducing advanced devices to enhance patient care. For instance, in November 2023, Medtronic received FDA approval for its Symplicity Spyral renal denervation system, a minimally invasive device designed to treat hypertension by calming overactive kidney nerves.
Rising Prevalence of Chronic Diseases: The increasing incidence of cardiovascular and neurological disorders necessitates the adoption of implantable devices. In 2022, the global implantable medical devices market exceeded USD 112.5 billion in revenue, with projections indicating a growth rate of over 9% CAGR from 2023 to 2032.
Regulatory Support: Favorable government policies and funding for research and development bolster market growth. In March 2024, Mass General Brigham established a group aimed at advancing implantable brain-computer interfaces, bringing industry stakeholders together to drive innovation.
Personal experiences highlight the transformative impact of these devices. For example, a teenager with Lennox-Gastaut syndrome experienced an 80% reduction in daytime seizures after receiving a new brain implant called Picostim. This device, implanted under the skull, sends electrical signals to block seizures and is rechargeable through external means.
Despite the promising outlook, challenges persist. The high cost of devices and potential reimbursement issues may hinder widespread adoption. Additionally, the need for specialized surgical expertise to implant these devices can limit accessibility for some patients.
In summary, the U.S. active implantable medical devices market is poised for substantial growth, driven by technological advancements, increasing chronic disease prevalence, and supportive regulatory frameworks. As innovations continue to emerge, these devices are set to play a pivotal role in enhancing patient outcomes and quality of life.
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LivaNova PLC
MED-EL
Medtronic
Abbott Laboratories
BIOTRONIK
Boston Scientific Corporation
Cochlear Limited
Nurotron Biotechnology
Sonova Holding
William Demant Holding
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Active Implantable Devices Market
Cardiac Devices
Neurostimulation Devices
Orthopedic Devices
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Home Care Settings
Cardiology
Neurology
Orthopedics
Urology
Pain Management
Metallic Materials
Polymeric Materials
Composite Materials
Active Devices
Passive Devices
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Active Implantable Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Active Implantable Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Active Implantable Devices Market, By Type
6. Global Active Implantable Devices Market, By Application
7. Global Active Implantable Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Active Implantable Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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