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The Europe implantable medical devices market is currently witnessing strong growth. Medical implants are devices intended to deliver medication, replace missing body parts, monitor body functions and support organs and tissues. They are generally made using body tissues, metal, plastic and ceramics. As these devices are biocompatible and resistant against corrosion, they are widely used for orthopedics, pacemakers, cardiovascular stents, defibrillators, neural prosthetics and drug delivery systems. At present, cardiac defibrillators, coronary stents, hip implants, interocular lenses and insulin pumps are some of the widely used implantable medical devices in Europe.
The growing prevalence of chronic diseases, in confluence with the increasing geriatric population, represents one of the key factors bolstering the market growth in Europe. Apart from this, the rising inclination towards improving physical appearances is escalating the demand for cosmetic surgeries, which, in turn, is positively influencing the market growth. Moreover, with developments in microelectronics and biotechnology, several advanced implantable medical devices are available in the market. Furthermore, these devices reduce hospitalization time and enable fast recovery, which is anticipated to strengthen the market growth in the coming years. Looking forward, IMARC Group expects the market to exhibit moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe implantable medical devices market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, product, material and end user.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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