India Implantable Medical Devices Market to Reach US$ 182.1 Billion by 2032, Spurred by Increasing Prevalence of Chronic Diseases

September 30, 2022 | Healthcare

The latest report by IMARC Group, titled “India Implantable Medical Devices Market Report by Product (Orthopedic Implants, Dental Implants, Facial Implants, Breast Implants, Cardiovascular Implants, and Others), Material (Polymers, Metals, Ceramics, Biologics), End User (Hospitals, Ambulatory Surgery Centers (ASCs), Clinics), and Region 2024-2032,” finds that the India implantable medical devices market size reached US$ 109.2 Billion in 2023. Implantable medical devices are employed for diagnostic and therapeutic purposes, such as replacing damaged body organs and monitoring the functions of different organs and tissues. Some commonly implantable medical devices include contraceptive intra-uterine devices (IUDs), artificial joints, breast implants, and bone, muscle, and joint fusion hardware, and implanted vascular access devices. They are used in patients with poor peripheral venous access or who require frequent vein access for treatments like chemotherapy. These devices are implanted into the body through surgical procedures and can be removed later as per the requirement. They are generally made using ceramics, metals, body tissues, and plastics that help enhance the quality of the patient’s life. Nowadays, the growing incidences of chronic diseases and the rising awareness about healthcare devices are positively influencing the demand for implantable medical devices in India.

India Implantable Medical Devices Market Trends:

The market is primarily driven by the increasing prevalence of chronic diseases among individuals. In addition, the growing geriatric population, which is more susceptible to critical medical ailments, is contributing to market growth. Moreover, the rising awareness regarding the accessibility of implantable devices and the availability of advanced healthcare infrastructure represents another major growth-inducing factor. Apart from this, various technological advancements and the extensive integration of modern technologies in the healthcare sector are providing a positive thrust to market growth. Along with this, professionals are widely adopting miniaturized implantable medical devices. This, coupled with the increasing number of cosmetic surgeries due to the rising preference for maintaining an aesthetic appearance among the masses, is augmenting the market growth. Other factors, including rapid urbanization, inflating disposable income levels of the masses, extensive research and development (R&D) activities conducted by key players, and rising investments by private and public firms to upgrade the existing healthcare infrastructure, are also creating a positive market outlook across the country. Looking forward, IMARC Group expects the market value to reach US$ 182.1 Billion by 2032, exhibiting a CAGR of 5.7% during the forecast period (2024-2032).

Market Summary:

  • Based on the product, the market has been classified into orthopedic, dental, facial, breast, cardiovascular, and other implants.
  • On the basis of the material, the market has been segmented into polymers, metals, ceramics, and biologics.
  • Based on the end user, the market has been divided into hospitals, ambulatory surgery centers (ASCs), and clinics.
  • On the geographical front, the market has been divided into North India, West and Central India, South India, and East India.
  • The competitive landscape of the market has been examined in the report, with detailed profiles of key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Material, End User, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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India Implantable Medical Devices Market to Reach US$ 182.1 Billion by 2032, Spurred by Increasing Prevalence of Chronic Diseases
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