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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. The advancements in heart valves, ventricular assist devices and implantable monitors in cardiovascular implants are being witnessed in following years. For Children, Evolution of cochlear implant technology resulted in enhanced hearing, speech and cost-effectiveness.
According to IEEE Engineering in Medicine and Biology Society, there has been a rise in shorter hospital stays owing to the adoption of technological medical monitors and implantable devices. Technological advancements in the field of implantation could be a significant saving in terms of lives and cost. Hence, it could lead to the growth of the implantable medical devices market. 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, LAMEA Implantable Medical Devices market is segmented into Brazil, ARGENTINA, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Brazil remained the dominant Country in the LAMEA Implantable Medical Devices market in 2015. UAE and Saudi Arabia 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.