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

The Business Research Company’s active implantable medical devices market report forecasts the active implantable medical devices market size to grow to $33.65 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Active Implantable Medical Devices Market Size Forecast
The global active implantable medical devices market is expected to grow from $22.95 billion in 2022 to $24.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global active implantable medical devices market size is expected to grow to $33.65 billion in 2027 at a CAGR of 7.8%.

North America held the largest active implantable medical devices market share and was the fastest-growing region in 2022.

Key Active Implantable Medical Devices Market Driver ­– Increase In The Number Of Cardiovascular Diseases
According to a report published in August 2022 by the American College of Cardiology, a non-profit medical association based in the United States, cardiovascular risk factors are expected to rise from 2025 to 2060, with diabetes leading the way (a 39.3% increase to 55 million), followed by dyslipidemia (a 27.6% increase to 126 million), hypertension (a 25.1% increase to 162 million), and obesity (18.3% to 126 million). Stroke (33.8% to 15 million) and heart failure (33.4% to 13 million) had the highest expected increases in cardiovascular disease rates, followed by ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million), according to the researchers. As a result, the rise in cardiovascular diseases is fueling the growth of active implantable medical devices.

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Key Active Implantable Medical Devices Market Trend – Product Innovations
To maintain their market position, major market participants are developing innovative products. For example, in June 2021, Northwestern University and George Washington University, a US-based nationally chartered private research university, developed the first transitory pacemaker – a wireless, battery-free, completely implanted pacing device that vanishes when no longer needed. The thin, flexible, and lightweight device can be used in patients who need temporary pacing after cardiac surgery or while waiting for a permanent pacemaker. All pacemaker components are biocompatible and will dissolve into the body’s biofluids without the need for surgical extraction over the course of five to seven weeks. The device wirelessly gathers energy from an external, remote antenna using near-field communication protocols. This eliminates the need for bulky batteries as well as brittle hardware like wires (or leads).

Active Implantable Medical Devices Market Segment
1) By Product: Cardiac Pacemakers, Implantable Cardioverter Defibrillators (Icd), Nerve Simulators, Cochlear Implants, Ventricular Assist Devices
2) By Application: Cardiovascular, Neurological, Hearing Impairment, Other Applications
3) By End-User: Hospitals, Speciality Clinics, Ambulatory Surgical Centres

Active Implantable Medical Devices Market Major Players and Strategies
Major players in the active implantable medical devices market are Abbott Laboratories, Boston Scientific Corporation, LivaNova Plc., Medtronic Plc., Sonova Holding AG, MED-EL Medical Electronics, Zhejiang Nurotron Biotechnology Co. Ltd., Abiomed Inc., Axonics Inc., NeuroPace Inc., NEVRO Corp., MEDICO S.R.L., Berlin Heals Holding AG, Allergan Inc., and MicroPort Scientific Corporation.

Integer Holdings Corporation, a medical device manufacturer based in the United States, acquired Oscor, Inc. for an undisclosed sum in December 2021. The acquisition of Oscor is expected to improve Integer’s ability to serve its clients by expanding its product offering in steerable sheaths, cardiac and neurostimulation leads, and adding low-cost production capacity to support growth. Oscor, Inc. is a medical device manufacturer based in the United States that produces venous access systems, diagnostic catheters, and implantable devices.

The Active Implantable Medical Devices Global Market Report 2023 covers regional data on active implantable medical devices market size, active implantable medical devices market trends and drivers, opportunities, strategies, and active implantable medical devices market competitor 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.

A medical device that is completely or partially implanted into the human body for diagnostic or therapeutic purposes is referred to as an active implantable medical device (AIMD). Active implantable medical devices are intended to be permanent.

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