Active Implantable Medical Devices (AIMD) Market - Forecasts from 2018 to 2023
The global Active Implantable Medical Devices (AIMD) market was valued at US$20.204 billion in 2017, and is expected to register a CAGR of 7.12% to reach the value of US$30.520 billion in 2023. As per The Active Implantable Medical Device (AIMD) Directive, Active Implantable Medical Device is “any active medical device which is intended to be totally or partially introduced, surgically or medically, into the human body or by medical intervention into a natural orifice, and which is intended to remain after the procedure”. Implantable pacemaker, cochlear implants, ventricular assist devices, neurostimulators are some of the active implantable medical devices. Active implantable medical devices fall into highest risk categories of medical devices listing of the U.S. Food & Drug Administration (FDA). The growth in the market may be attributed to the rising prevalence of the cardiovascular and neurological disorders across the globe. Rising investments and funds by the companies to develop technologically advanced products will also boost the market for AIMD during the given forecast period. However, strict regulatory policies regarding the AIMD and high cost of the devices may restrain the market growth during the given time frame.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global Active Implantable Medical Devices (AIMD) market value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Active Implantable Medical Devices (AIMD) market.
Major industry players profiled as part of the report are William Demant Holding A/S, Medtronic and Cochlear Ltd. among others.
Implantable Cardiac Pacemakers
Ventricular assist devices
Hospitals and Clinics
Ambulatory Surgical Centers
Middle East and Africa
Boston Scientific Corporation
BIOTRONIK SE & Co. KG
Advanced Bionics AG
William Demant Holding A/S