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Implantable Medical Devices Market Size

  • Report ID: 6094
  • Published Date: May 30, 2024
  • Report Format: PDF, PPT

Implantable Medical Devices Market Size

Implantable Medical Devices Market size was over USD 190 Billion in 2023 and is poised to reach USD 427 Billion by the end of 2036, growing at around 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of implantable medical devices is evaluated at USD 7 Billion.

This boost is anticipated by the slated demand for disease detection, early diagnosis, and technological advancements in disease management services, which can not only help cure it but prevent any mishap as well. According to the American Cancer Society, in 2022 more than 20 million cases of cancer were diagnosed newly, and about 9.7 million people have died globally due to this disease.

Implantable Medical Devices Market
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Author Credits:  Radhika Pawar


  • Report ID: 6094
  • Published Date: May 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the implantable medical devices market was over USD 190 billion.

The market size for the implantable medical devices market is projected to cross USD 427 billion by the end of 2036 expanding at a CAGR of 7% during the forecast period i.e., between 2024-2036.

The major players in the market are Abbott, Boston Scientific Corporation, Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew plc, Becton, Dickinson, and Company, LivaNova, Edwards Lifesciences, Globus Medical, Inc., and others.

In terms of product, the cardiovascular segment is anticipated to account for the largest market share of 31% during 2024-2036.

The North American implantable medical devices sector is poised to hold the highest share of 43% by 2036.
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