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The GCC implantable medical devices market is currently witnessing strong growth. Implantable medical devices are placed inside the body using surgical procedures to replace damaged body organs. These devices are also used to deliver medications, support organs and monitor health conditions. At present, the growing prevalence of chronic diseases is escalating the demand for these devices in the GCC region as they help improve the quality of life of patients suffering from these conditions.
Improving healthcare infrastructure, in confluence with the rising number of road accidents, represents one of the key factors bolstering the implantable medical devices market growth in the GCC region. Moreover, inflating disposable incomes and the growing focus on maintaining physical appearances are positively influencing the demand for cosmetic surgeries in the region. This trend, along with the increasing trend of medical and cosmetic tourism, is contributing to the market growth. Apart from this, advancements in 3D-printing technology and the utilization of biomaterials for manufacturing implantable medical devices are also stimulating the market growth. Furthermore, the introduction of smart implantable devices that can transmit data via the internet for remote monitoring of patients is anticipated to drive the market in the coming years. On account of these factors, the market is expected to continue its strong growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC 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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