Europe Active Implantable Medical Devices Market Report by Product, By Application, Regional Outlook, Application Potent

The study analyses Europe active implantable medical devices market based on product, end-users, and geography. Active implantable medical devices market by product is segmented into implantable cardioverter defibrillators, ventricular assist devices, implantable heart monitors/insertable

An active implantable medical devices are the devices that are placed inside patient’s body during a medical procedure, such as surgery, and is designed to stay there after the procedure. Examples of an active implantable devices include implantable cardiac defibrillators (ICDs), cardiac pacemakers, coronary stents, implantable insulin pumps, and many others. Used for a variety of treatments in several specialized fields, these devices represent a profitable and significant segment of the healthcare industry. 

Market Dynamic - Europe Active Implantable Medical Devices Market

Europe active implantable medical devices market held the second position in the global market and is likely to continue during the forecast period. The countries such as the UK, Germany, France, Spain, and Italy have dominated the market in the past few years.  The major driving factor behind the market growth is rapid growth in the European medical instrument or device and healthcare market. Furthermore, factors such as increasing investments and funds for highly developed technological products, the rising burden of cardiovascular diseases, increasing number of injuries and accidents, growing number of organ failures and regular and high orthopedic and osteoarthritis injuries in elderly population are also contributing to the European market. 

COVID 19 Impact on Europe Active Implantable Medical Devices Market Report

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the active implantable medical devices market. In addition, complete analysis of changes on active implantable medical devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on regional economies, international trade, business investments, GDP and marketing strategies of key players present in the market. 

Europe Active Implantable Medical Devices Market Segmental Overview

The study analyses Europe active implantable medical devices market based on product, end-users and geography. 

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Active Implantable Medical Devices Market by Product

Active implantable medical devices market by product is segmented into implantable cardioverter defibrillators, ventricular assist devices, implantable heart monitors/insertable loop recorders, neurostimulators, and implantable hearing devices. The implantable cardioverter defibrillators segment is projected to witness high growth during the estimated timeframe. The implantable cardioverter defibrillators segment is further bifurcated into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators. These devices are battery-powered device located under the skin that keeps track of patient’s heart rate. They are useful in preventing sudden death in patients with known, sustained ventricular fibrillation or tachycardia. These devices also play an important role in preventing cardiac arrest in high-risk patients with life-threatening ventricular arrhythmias. 

Active Implantable Medical Devices Market by End Users

By end users, the market is segmented into hospitals, ambulatory centers, cardiac centers, dental clinics, and others. An increasing adoption of active implantable medical devices in hospitals, cardiac centres, dental clinics and many others to improve treatment quality and safety of the patients is major driving factor behind the growth of end users segment. 

Active Implantable Medical Devices Market Key Players

The major key players of market includes Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, BIOTRONIK SE Co. KG, LivaNova PLC, Cochlear Limited, MED-EL, Sonova Holding AG, William Demant Holding A/S, Nurotron Biotechnology Co., Ltd, Zimmer Biomet, Smith Nephew, Straumann AG, Stryker, Dentsply Sirona, Allergan Inc, Microport Scientific Corporation and CONMED Corporation among others.

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