The implantable medical devices are man-made devices that are placed inside or on the surface of the body to replace a missing biological structure or to support a damaged biological structure and to enhance an existing biological structure. The implantable medical devices are helping many patients to improve their quality of life through surgical procedures The implants can be used in different body parts for numerous applications such as pacemakers, orthopedics, cardiovascular stents, neural prosthetics or drug delivery system, and defibrillators.. The surface of implantable medical devices is made up of biomedical materials such as titanium, silicone, or some other material depending upon the desired compatibility and application. Implantable medical devices can be removed when they are no longer needed or they can be placed permanently.
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Strong healthcare infrastructure and technological advancements are responsible for the growth of North America
Regional segmentation of implantable medical devices market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, Africa, and Middle East. North America dominates in the implantable medical devices market owing to the factors such as strong healthcare infrastructure, supportive reimbursement, rising geriatric population, awareness about medical assistance, technological advancements, and high purchasing power. Lack of alternative treatments for many chronic disorders and injuries are also helping the growth of implantable medical devices market in North America. Increase in investment by government for healthcare sector, unmet medical needs, huge population base, are the major factors that might fuel the growth of the implantable medical devices market in Asia-Pacific.
Orthopedic implants segment holds the largest market share in implantable medical devices market
The global implantable medical devices market is segmented by material, by product, and by region
On the basis of material, implantable medical devices market is segmented into
• Metallic
• Ceramic
• Polymers
• Natural
On the basis of product type, implantable medical devices market is segmented into
• Orthopedic Implants
• Dental Implants
• Breast Implants
• Cardiovascular Implants
• Intraocular lens
• Others
On the basis of end user, the implantable medical devices market is segmented into
• Hospitals
• Ambulatory Surgical Centers
• Others
Key Players: Abbott Laboratories, Boston scientific Corporation, Johnson & Johnson, Dentsply Sirona, Medtronic plc, Smith & Nephew plc, Stryker Corporation, Terumo Corporation, and Zimmer Biomet Holdings.
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