Special Offering :
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
The term Implant is used for the devices that replace or support biological structure. Implantable medical devices or tissues are placed inside or on the surface of the body for the replacement of missing biological structure or are used to provide support to the biological structure. Some Implantable devices are made up of metal, plastic ceramic or other materials and some are made from skin, bones or other body tissues. These devices can be placed permanently or temporally and they help in monitoring and treating clinical disorders According to the article published in 2016 by National Institute of Aging, worldwide 8.5 per cent of people (617 Million) are aged 65 or above. An Aging World: 2015 this percentage is projected to jump to nearly 17 percent of the world's population by 2050 (1.6 billion).
According to the published data by WHO in 2015, approximately one in nine people is aged 60 years or above. Studies say that longer life may lead to increased health concerns and disability in later years. An increase in the proportion of the aged group is associated with an increase in the prevalence of ill health. Owing to this there would be need for new treatments, implantable medical devices and other medical procedures.
Hence, this could be one of the major leading factors for market growth of implantable medical devices. The key factors driving the growth of the market are growing incidences of cardiovascular diseases, technological advancements, growing acceptance of medical implants, improvement in healthcare infrastructure, and growth in the number of geriatric population. Based on Country, Europe Implantable Medical Devices market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant Country in the Europe Implantable Medical Devices market in 2015. France and Russia would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Implantable Medical Devices market. Key companies profiled in the report include Abbott Laboratories., Boston Scientific Corporation, Conmed Corporation, Johnson & Johnson, Medtronic Plc, Smith And Nephew Plc, Stryker Corporation, C.R. Bard, Inc., Cardinal health, Inc. and Globus Medical, Inc.