According to the latest report by IMARC Group, titled “India Implantable Medical Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to grow at a CAGR of around 8% during 2021-2026. Medical implants, or implantable medical devices, represent the artificial devices that are used for supporting or replacing damaged body organs. They include orthopedics, pacemakers, cardiovascular stents, defibrillators, neural prosthetics, etc. Implantable medical devices are introduced either wholly or partially via medical or surgical methods into the human body. They can be implanted permanently or temporarily, depending upon the medical needs. Implantable medical devices are typically manufactured utilizing skin, bones, metals, tissues, ceramics, plastics, etc. They are used in hospitals, Ambulatory Surgery Centers (ASCs), clinics, etc.
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The growing prevalence of heart disorders, arthritis, sensory or cognitive modality, etc., which require several types of implants to sustain the life of the patient, is one of the primary factors driving the India implantable medical devices market. Besides this, the expanding geriatric population, who are more susceptible to various chronic ailments, including diabetes, cancer, hypertension, etc., is acting as another significant growth-inducing factor. Moreover, the elevating consumer consciousness towards physical appearances is propelling the demand for cosmetic surgeries, which is further catalyzing the market growth. Apart from this, numerous R&D activities in the microelectronics and biotechnology sectors aimed at developing advanced implant variants are projected to fuel the India implantable medical devices market over the forecasted period. Looking forward, IMARC Group expects the market to continue its robust growth during the forecast period (2021-2026).
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Competitive Landscape with Key Players:
The competitive landscape of the india 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:
- Orthopedic Implants
- Dental Implants
- 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 Region:
- North India
- West and Central India
- South India
- East India
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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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