Europe Implantable Medical Devices Market Forecast Till 2026
According to the latest report by IMARC Group, titled “Europe Implantable Medical Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to grow at a CAGR of 6.3% during 2021-2026. Medical implants refer to devices that deliver medication, monitor body functions, support organs and tissues, etc. They are usually produced using metal, ceramics, body tissues, plastic, etc. Implantable medical devices are resistant to corrosion and are biocompatible. Consequently, they are widely used for pacemakers, drug delivery systems, orthopedics, cardiovascular stents, neural prosthetics, etc. Some of the most commonly used implantable medical devices include coronary stents, interocular lenses, cardiac defibrillators, hip implants, insulin pumps, etc.
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The rising prevalence of chronic diseases and the growing geriatric population are primarily driving the Europe implantable medical devices market. Furthermore, the increasing consumer consciousness towards physical appearances is augmenting the use of implantable medical devices in cosmetic surgeries. Additionally, continuous innovations across the microelectronics and biotechnology sectors have induced the need for advanced implantable medical devices. Moreover, the growing prominence of non- or minimally-invasive surgeries is also propelling the adoption of implantable devices to enable fast recovery and minimize hospitalization time. All of the above-mentioned factors are further expected to drive the European market for implantable medical devices in the coming years. Looking forward, IMARC Group expects the market to continue its robust growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the europe implantable medical devices market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Market Segmentation:
Breakup by Product:
- Facial Implants
- Breast Implants
- Cardiovascular Implants
- Others
Breakup by Material:
- Polymers
- Metals
- Ceramics
- Biologics
Breakup by End User:
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Clinics
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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