How is the Active Implantable Medical Devices Market Poised for Growth: Trends and Opportunities Through 2034
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What is the Predicted Annual Growth Rate of the Active Implantable Medical Devices Market Over the Coming Decade?
The active implantable medical devices market has grown strongly. It is projected to grow from $26.19 billion in 2024 to $28.2 billion in 2025, with a CAGR of 7.7%. Historical growth was fueled by economic expansion in emerging markets, rising healthcare expenditure, increased prevalence of cardiovascular diseases, and growth in healthcare infrastructure.
The active implantable medical devices market is set for strong growth, expected to reach $40.3 billion by 2029, with a CAGR of 9.3%. This growth is driven by an aging population, government support, and the rising burden of neurological diseases. Major trends include the launch of new active implantable devices, partnerships and collaborations, the integration of wireless technology for charging devices, and the incorporation of artificial intelligence to enhance product offerings and market competitiveness.
Which Factors Are Enhancing the Growth of the active implantable medical devices Market?
The increasing prevalence of cardiovascular diseases is expected to fuel the growth of the active implantable medical devices market. Cardiovascular diseases, which affect the heart and blood vessels, are rising, particularly among the aging population. According to the American College of Cardiology, cardiovascular risk factors like hypertension and diabetes are expected to increase significantly from 2025 to 2060. This rise in cardiovascular conditions is expected to drive the demand for implantable medical devices used to regulate heart conditions.
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What Are the Major Players Making an Impact in the Active Implantable Medical Devices Market’s Growth?
Major companies operating in the active implantable medical devices market include:
• Medtronic PLC_x000D_
• Boston Scientific Corporation_x000D_
• Cochlear Limited_x000D_
• Abbott Laboratories_x000D_
• Sonova Holding AG_x000D_
Which Upcoming Trends Are Set to Influence the Active Implantable Medical Devices Market’s Path Forward?
Leading companies in the active implantable medical device market are focusing on product innovations, such as Polyether Ether Ketone (PEEK) cranial implants, to gain a competitive edge. PEEK cranial implants are advanced medical devices used for reconstructing cranial defects. For instance, in April 2022, CureTech, an Oman-based medical manufacturing company, launched its Polyether Ether Ketone (PEEK) cranial implant. PEEK is a high-performance thermoplastic polymer valued for its biocompatibility, radiolucency, and mechanical properties that closely resemble natural bone. It is widely used in orthopedic applications, including spinal fusion, joint replacement, and trauma surgery.
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Which Key Segments of the Active Implantable Medical Devices Market Are Poised for Growth and Innovation?
The active implantable medical devices market covered in this report is segmented –
1) By Product Type: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (ICD), Nerve Simulators, Cochlear Implants, Ventricular Assist Devices, Other Products
2) By Application: Cardiovascular, Neurological, Hearing Impairment, Other Applications
3) By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Cardiac Pacemakers: Single Chamber Pacemakers, Dual Chamber Pacemakers, Biventricular Pacemakers
2) By Implantable Cardioverter Defibrillators (ICD): Transvenous ICDs, Subcutaneous ICDs
3) By Nerve Stimulators: Spinal Cord Stimulators, Peripheral Nerve Stimulators, Deep Brain Stimulators
4) By Cochlear Implants: Single-Electrode Cochlear Implants, Multichannel Cochlear Implants
5) By Ventricular Assist Devices: Left Ventricular Assist Devices (LVAD), Right Ventricular Assist Devices (RVAD), Bi-Ventricular Assist Devices (BiVAD)
6) By Other Products: Neurostimulators for Pain Management, Implantable Drug Delivery Systems, Implantable Blood Pressure Monitors
What Regions Are Steering Growth in the Active Implantable Medical Devices Sector?
North America was the largest region in the active implantable medical devices market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the active implantable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Active Implantable Medical Devices Market Classified and Defined in Market Analysis?
An active implantable medical device (AIMD) is a medical device that is completely or partially implanted into the human body for diagnostic or therapeutic reasons. Active implantable medical devices are designed to remain in place.
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