The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

1. A Healthy Projection: Market Growth Overview

The global active implantable medical devices market is on a trajectory of significant growth, with the market size anticipated to surge from $22.95 billion in 2022 to $24.88 billion in 2023, boasting an impressive Compound Annual Growth Rate (CAGR) of 8.4%. This upward momentum continues, with the market size projected to reach $33.65 billion in 2027, underpinned by a robust CAGR of 7.8%.

• Market Growth
  • 2022: $22.95 billion
  • 2023 (projected): $24.88 billion
  • CAGR (2022-2023): 8.4%
  • 2027 (projected): $33.65 billion
  • CAGR (2022-2027): 7.8%

2. Pulsating Demand: Cardiovascular Diseases Fueling Market Expansion

The active implantable medical devices market is set to experience substantial growth, propelled by an escalating number of cardiovascular diseases (CVD). CVD encompasses conditions affecting the heart or blood vessels, often linked to factors like atherosclerosis and an increased risk of blood clots. Active implantable medical devices play a crucial role in regulating or monitoring irregular heartbeats, particularly in individuals with specific heart rhythm issues or heart failure. The surge in the geriatric population further contributes to the demand for these devices, as highlighted in a report by the American College of Cardiology.

• Key Driver
  • Increasing prevalence of cardiovascular diseases
  • Cardiovascular risk factors expected to rise from 2025 to 2060

3. Industry Titans: Major Players in the Market

Major players wield significant influence in shaping the dynamics and growth trajectory of the active implantable medical devices market. These key industry players include Abbott Laboratories, Boston Scientific Corporation, LivaNova Plc., Medtronic Plc., Sonova Holding AG, and several others.

• Major Players
  • Abbott Laboratories
  • Boston Scientific Corporation
  • LivaNova Plc.
  • Medtronic Plc.
  • Sonova Holding AG

4. Innovation at the Heart: Trending Product Innovations

Innovation takes center stage as a key trend in the active implantable medical devices market. Leading companies are strategically investing in the development of innovative products to not only sustain but enhance their market positions. A noteworthy example is the development of the first transitory pacemaker by researchers from Northwestern and George Washington University, featuring wireless, battery-free, and totally implanted pacing capabilities that naturally dissolve when no longer needed.

• Innovative Product
  • First transitory pacemaker
  • Wireless, battery-free, and implanted
  • Automatically dissolves in the body when no longer required

5. Market Segmentation: Navigating Diverse Applications

The global active implantable medical devices market unfolds across various segments, providing a nuanced understanding of its diverse applications.

• Market Segmentation
  • By Product
    • Cardiac Pacemakers
    • Implantable Cardioverter Defibrillators (ICD)
    • Nerve Simulators
    • Cochlear Implants
    • Ventricular Assist Devices
  • By Application
    • Cardiovascular
    • Neurological
    • Hearing Impairment
    • Other Applications
  • By End-User
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centres

6. Regional Dynamics: North America at the Forefront

In 2022, North America took the lead as the largest region in the active implantable medical devices market. Looking ahead, North America is poised to maintain its prominence, emerging as the fastest-growing region during the forecast period.

• Regional Dynamics
  • Largest region in 2022: North America
  • Fastest-growing region: North America (forecasted)

View More On The Active Implantable Medical Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/active-implantable-medical-devices-global-market-report

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The Active Implantable Medical Devices Global Market Report 2023  provides a comprehensive overview on the active implantable medical devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the active implantable medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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