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The India implantable medical devices market is currently witnessing strong growth. Implantable medical devices are utilized for diagnostic and therapeutic purposes, such as replacing damaged body organs and monitoring the functions of different organs and tissues. These devices are introduced in the body through surgical procedures and can be removed later as per the patient’s requirement. They are generally made using body tissues, ceramics, metals and plastics and help improve the quality of the patient’s life. At present, the growing incidences of chronic diseases and the increasing awareness about healthcare devices are positively influencing the demand for implantable medical devices in India.
One of the key factors escalating the demand for implantable medical devices in India include inflating disposable incomes, along with the improving healthcare infrastructure. Apart from this, the rising geriatric population, which is more vulnerable to health disorders, is contributing to the market growth. Furthermore, increasing awareness about cosmetic surgeries is positively influencing the demand for these devices in the country. Moreover, the Government of India has approved a number of new implantable medical devices, which, in turn, 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 India 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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