According to FutureWise analysis the market for active implantable devices is expected to register a CAGR of 6.70% from 2025-2033.
An active implantable device is medical device which intends to be totally or partially introduced, medically or surgically, into the human body. Common examples of implantable medical devices include pacemakers, breast implants, cochlear implants, intraocular lenses, artificial joints, other cardiac implants, and intrauterine contraceptive devices. They are placed into the human body either permanently or temporarily to support functions performed by specific organs or tissues, deliver medicines or monitor physiological activities. Some implants are prosthetics that mimics the original body parts and intend to replace them. These devices could be designed using exogenous materials or human tissues, such as plastics, ceramics, and metals.
With increased prevalence of chronic, age-related health conditions, fast growth in medical device is observed globally. Cloud computing, artificial intelligence and the Internet of Things (IoT) are some of the new technologies which have contributed significantly to the advancement in medical device industry. The designing of an implantable device is initiated with information gathering from three significant participants: the patient, the medical staff and the engineer. The medical doctor is a user, a researcher and a reviewer of a medical device. The main factor is that a physicians need to know how to implant, where, when, and why to implant. The increase necessity for effective safer and faster device is a significant driving factor contributing to the growth of this market.
FutureWise Market Research has published a report that provides an insightful analysis of Active Implantable Device Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Active Implantable Device Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.