Market Overview:
The global implantable medical devices market reached a value of US$ 103.3 Billion in 2019. Medical implants are devices that are used to replace or act as a fraction for a particular body part or for the whole biological structure. Every year thousands of people enhance the quality of their lives by going through surgical procedures that involve the fixing or removal of implantable medical devices. At present, implants are used for various parts of the body for different functions such as orthopedics, pacemakers, cardiovascular stents, defibrillators, neural prosthetics or drug delivery system. Implants are introduced either completely or partially via surgical or medical methods into the human body. The device can be implanted permanently or temporarily, depending upon the need and can be removed later on. There has been an increase in the number of age-related diseases with concurrent rise in the life-span of people. This has further increased the demand of various life prolonging medical aids such as new treatments, implants, prostheses, and long-term pharmaceutical usage. Implantable devices are made up of various types of materials such as tissues, metals, bones, plastics, skin, ceramics, etc.
Catalyzed by a strong growth of consumers’ inclination towards body aesthetics and physical appearance, cosmetic surgeries are becoming increasingly common, driving the demand of implantable medical devices. Moreover, advancing technological innovations that enable an individual to enhance his/her beauty such as dental implants, pectoral implants, deltoid implants, thigh augmentation, breast implants, cochlear implants, etc. have further added to the rising demand of these devices. Additionally, rising occurrence of chronic diseases such as heart failures, arthritis, motor, sensory or cognitive modality, etc. that require various types of implants to sustain the life of a patient are also creating a positive impact on the growth of the market. Moreover, an increase in the geriatric population across both developed and developing regions has resulted in a rising prevalence of various chronic diseases which is further propelling the demand of these products. Looking forward, the market value is projected to reach US$ 151.5 Billion by 2025, exhibiting a CAGR of 6.6% during 2020-2025.
Market Summary:
- Based on the product type, the market has been segmented into orthopedic implants, dental implants, facial implants, breast implants, cardiovascular implants and others.
- Based on the material, the market has been segmented into polymers, metals, ceramics and biologics.
- Based on the end-user, the market has been segmented into hospitals, ambulatory surgery centers and clinics.
- Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. North America currently represents the largest market.
- The competitive landscape of the market has also been examined with some of the key players being Abbott Laboratories, Biotronik, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc., Conmed Corporation, Globus Medical, Inc., Integra Lifesciences Holdings Corporation, Johnson & Johnson, LivaNova PLC, Medtronic plc, Nuvasive, Inc., Smith & Nephew Plc, St. Jude Medical, Inc., Institut Straumann AG., Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.
This report provides a deep insight into the global implantable medical devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the implantable medical devices industry in any manner.
Key Questions Answered in This Report:
The global implantable medical devices market was worth around US$ 103.3 Billion in 2019.
The spread of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of several countries have halted the operations of numerous industries. It has also disrupted the supply chain of the implantable medical devices industry.
According to the estimates by IMARC Group, the global implantable medical devices market will exhibit moderate growth during the next five years.
The demand for implantable medical devices is escalating on account of the rising prevalence of chronic diseases, such as heart failures, arthritis, and motor, sensory or cognitive modality, that require different types of implants to sustain the life of the patient.
One of the major trends in the market is the rising preference for cosmetic surgeries among individuals to enhance their physical appearance.
On the basis of the product, the market has been segmented into the orthopedic, dental, facial, breast, cardiovascular and other implants.
Based on the material, the market has been categorized into polymers, metals, ceramics and biologics.
The market has been analyzed on the basis of the end user into hospitals, ambulatory surgery centers (ASCs) and clinics.
On the geographical front, the market has been segregated into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Leading industry players are Abbott Laboratories, Biotronik, Inc., Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc., CONMED Corporation, Globus Medical, Inc., Integra Lifesciences Holdings Corporation, Johnson & Johnson Services, Inc., LivaNova PLC, Medtronic plc, Nuvasive, Inc., Smith & Nephew Plc, St. Jude Medical, Inc., Institut Straumann AG, Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Implantable Medical Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product
5.4 Market Breakup by Material
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Key Price Indicators
5.11.2 Price Structure
5.11.3 Margin Analysis
6 Market Breakup by Product
6.1 Orthopedic Implants
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dental Implants
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Facial Implants
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Breast Implants
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Cardiovascular Implants
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Material
7.1 Polymers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metals
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Ceramics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Biologics
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End-User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ambulatory Surgery Centers (ASCs)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Clinics
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Abbott Laboratories
11.3.2 Biotronik
11.3.3 Boston Scientific Corporation
11.3.4 C. R. Bard, Inc.
11.3.5 Cardinal Health, Inc.
11.3.6 Conmed Corporation
11.3.7 Globus Medical, Inc.
11.3.8 Integra Lifesciences Holdings Corporation
11.3.9 Johnson & Johnson
11.3.10 LivaNova PLC
11.3.11 Medtronic plc
11.3.12 Nuvasive, Inc.
11.3.13 Smith & Nephew Plc
11.3.14 St. Jude Medical, Inc.
11.3.15 Institut Straumann AG.
11.3.16 Stryker Corporation
11.3.17 Wright Medical Group N.V.
11.3.18 Zimmer Biomet Holdings, Inc.
List of Figures
Figure 1: Global: Implantable Medical Devices Market: Major Drivers and Challenges
Figure 2: Global: Implantable Medical Devices Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Implantable Medical Devices Market: Breakup by Product (in %), 2019
Figure 4: Global: Implantable Medical Devices Market: Breakup by Material (in %), 2019
Figure 5: Global: Implantable Medical Devices Market: Breakup by End-User (in %), 2019
Figure 6: Global: Implantable Medical Devices Market: Breakup by Region (in %), 2019
Figure 7: Global: Implantable Medical Devices Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Implantable Medical Devices Industry: SWOT Analysis
Figure 9: Global: Implantable Medical Devices Industry: Value Chain Analysis
Figure 10: Global: Implantable Medical Devices Industry: Porter’s Five Forces Analysis
Figure 11: Global: Implantable Medical Devices (Orthopedic Implants) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Implantable Medical Devices (Orthopedic Implants) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Implantable Medical Devices (Dental Implants) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Implantable Medical Devices (Dental Implants) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Implantable Medical Devices (Facial Implants) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Implantable Medical Devices (Facial Implants) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Implantable Medical Devices (Breast Implants) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Implantable Medical Devices (Breast Implants) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Implantable Medical Devices (Cardiovascular Implants) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Implantable Medical Devices (Cardiovascular Implants) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Implantable Medical Devices (Other Product Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Implantable Medical Devices (Other Product Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Implantable Medical Devices (Polymer Based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Implantable Medical Devices (Polymer Based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Implantable Medical Devices (Metal Based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Implantable Medical Devices (Metal Based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Implantable Medical Devices (Ceramics Based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Implantable Medical Devices (Ceramics Based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Implantable Medical Devices (Biologics Based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Implantable Medical Devices (Biologics Based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Implantable Medical Devices Market (in Hospitals): Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Implantable Medical Devices Market Forecast (in Hospitals): Sales Value (in Million US$), 2020-2025
Figure 33: Global: Implantable Medical Devices Market (in Ambulatory Surgery Centers): Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Implantable Medical Devices Market Forecast (in Ambulatory Surgery Centers): Sales Value (in Million US$), 2020-2025
Figure 35: Global: Implantable Medical Devices Market (in Clinics): Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Implantable Medical Devices Market Forecast (in Clinics): Sales Value (in Million US$), 2020-2025
Figure 37: North America: Implantable Medical Devices Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: North America: Implantable Medical Devices Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Europe: Implantable Medical Devices Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Europe: Implantable Medical Devices Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Asia Pacific: Implantable Medical Devices Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Asia Pacific: Implantable Medical Devices Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Middle East and Africa: Implantable Medical Devices Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Middle East and Africa: Implantable Medical Devices Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Latin America: Implantable Medical Devices Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Latin America: Implantable Medical Devices Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Implantable Medical Devices Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Implantable Medical Devices Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Implantable Medical Devices Market Forecast: Breakup by Product (in Million US$), 2020-2025
Table 3: Global: Implantable Medical Devices Market Forecast: Breakup by Material (in Million US$), 2020-2025
Table 4: Global: Implantable Medical Devices Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 5: Global: Implantable Medical Devices Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Implantable Medical Devices Manufacturing: Raw Material Requirements
Table 7: Global: Implantable Medical Devices Market: Competitive Structure
Table 8: Global: Implantable Medical Devices Market: Key Players