Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 30.17 Billion | USD 56.40 Billion | 7.2% | 2024 |
The global active implantable medical devices market size was worth around USD 30.17 Billion in 2024 and is predicted to grow to around USD 56.40 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.2% between 2025 and 2034. The report analyzes the active implantable medical devices market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the active implantable medical devices market.
An Active Implantable Medical Device (AIMD) is a medical device that is implanted entirely or partially into the human body for therapeutic or diagnostic reasons and is meant to stay there. Neurostimulators, cochlear implants, ventricular assist systems & devices, infusion pumps, defibrillators, and pacemakers, are all examples of AIMDs.
Implantable medical devices are the type of medical devices that are partially or totally inserted into the human body with the help of medical intervention and are dedicated to remaining there after the procedure. They can support the damaged part, can replace the missing part of the human body or also modify the important function of the body.
Rising demand for active implantable medical devices is boosting the market growth
The need for active implantable devices has increased as the number of disorders and diseases has increased. These devices aid in the support or replacement of any injured bodily organs, as well as the enhancement and treatment of normal body functions. One of the most crucial aspects of patient care is an active implanted medical device. One of the key drivers of global active implantable medical device market growth is the increasing senior population. The functioning of numerous organs of the human body gradually deteriorates with age.
As a result, for movement and other help, humans must rely on a variety of medical gadgets. As a result, implantable devices are in high demand. Adults are affected by chronic ailments such as heart disease and arthritis, among others. One of the most frequent joint disorders in the United States is osteoarthritis (OA). It's also known as degenerative joint disease, and it affects the hands, hips, and knees the most. As a result of the country's rising elderly population, demand for orthopedic implants and reconstructive joint replacement is predicted to rise. All these factors are fostering market growth.
Device-related concerns to hinder the market growth.
Device-related concerns, such as network security and device failure, may impede market expansion. For instance, introducing a device into the human body may elicit an immune system from the surrounding tissues, resulting in performance deterioration, making long-term usage of these devices problematic. In addition to this, factors like less developed healthcare infrastructure in undeveloped countries, high cost of implants, and less awareness of medical devices in rural areas are restraining the market growth.
Advancements in technology in the field of medical devices to boost the market during the forecast period.
Implantable medical devices are attracting more attention than ever before. Recently, the prospect of long-term and secure implantation in the human body without hazardous product release or device destruction by bodily fluids has appeared. Strengthening their portfolios and investing in technical improvements are two strategies used by device makers to increase revenue. Continuous advancements in electrode, packaging, microelectronics, and biomedical signal processing technology have fueled the development of active implantable medical devices (AIMDs) that transmit data and power through wireless telemetry. In addition to this, producers of AIMDs are making an investment in improving hydrolysis resistance, strength, implant stability, and radiolucency in MRIs, CT scans, & X-rays and the effects of ionizing radiation without imaging aberrations. All such factors are likely to create several opportunities for the global active implantable medical devices market growth during the forecast period.
Strict regulatory controls for medical devices to pose major challenge for the market growth
Active Implantable Medical Devices (AIMDs) are one of the most high-risk device types, requiring stringent regulatory oversight before reaching global markets. Both active implantable medical devices and their accessories are categorized as Class III, requiring the strictest regulatory control. Pre- and post-market, AIMDs are subject to stringent effective regulation. The MDR's regulatory requirements also apply to any accessories that are required for the device to function properly, including software programs, refill kits, programmers, leads, implant kits, controllers, and battery packs. Such strict regulations for AIMD pose a major challenge for the market expansion.
Report Attributes | Report Details |
---|---|
Report Name | Active Implantable Medical Devices Market |
Market Size in 2024 | USD 30.17 Billion |
Market Forecast in 2034 | USD 56.40 Billion |
Growth Rate | CAGR of 7.2% |
Number of Pages | 180 |
Key Companies Covered | Cardinal Health Inc., C. R. Bard Inc., Boston Scientific Corporation, Biotronik SE, Co. KG, Abbott Laboratories, LivaNova PLC, Johnson and Johnson, Integra LifeSciences Holdings Corporation, Globus Medical Inc., CONMED Corporation, and others. |
Segments Covered | By Product, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global active implantable medical devices market is divided based on product, application, end-user, and region. By product, the global market is segregated into ventricular assist devices, cochlear implants, nerve stimulators, implantable cardioverter defibrillators (ICD), and cardiac pacemakers. Based on the application, the market is split into hearing impairment, neurological, cardiovascular, and others. The end-user segment is classified into ambulatory surgical centers, specialty clinics, and hospitals.
Active Implantable Medical Devices Market: Regional Landscape
North America is expected to hold the largest share of the global active implantable medical devices market, and this is expected to continue during the forecast period. The expanding demand for neurological and cardiovascular problems, as well as a rising focus on the development of sophisticated and novel products, are expected to propel the North American market forward in the approaching years. Furthermore, rising healthcare expenditures and increased consumer awareness of the availability of effective treatments are expected to fuel market expansion in the near future. In addition, Asia Pacific is expected to increase at a steady pace over the projection period. Increasing elderly populations and the rising frequency of chronic diseases are two key factors that are expected to propel the Asia Pacific market.
Active Implantable Medical Devices Market: Competitive Landscape
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the active implantable medical devices market on a global and regional basis.
The predominant players that are successfully functioning in the global active implantable medical devices market are:
By Product
By Application
By End User
By Region
North America
FrequentlyAsked Questions
The global active implantable medical devices market is expected to grow due to rising prevalence of chronic diseases, technological advancements in implantable devices, an aging population, increasing demand for minimally invasive surgeries, and supportive government regulations.
According to a study, the global active implantable medical devices market size was worth around USD 30.17 Billion in 2024 and is expected to reach USD 56.40 Billion by 2034.
The global active implantable medical devices market is expected to grow at a CAGR of 7.2% during the forecast period.
North America is expected to dominate the active implantable medical devices market over the forecast period.
Leading players in the global active implantable medical devices market include Cardinal Health Inc., C. R. Bard Inc., Boston Scientific Corporation, Biotronik SE, Co. KG, Abbott Laboratories, LivaNova PLC, Johnson and Johnson, Integra LifeSciences Holdings Corporation, Globus Medical Inc., CONMED Corporation, among others.
The report explores crucial aspects of the active implantable medical devices market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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