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Soaring Incidence of Neurological Disorders Driving Expansion of Active Implantable Medical Devices

Posté le: Sep-30-2021 | vue (175) fois | Word Count article: 368 |

The global active implantable medical devices market is set to exhibit huge expansion in the coming years, as per the estimates of the market research firm, P&S Intelligence.
The market is being driven by the growing incidence of cardiovascular diseases and neurological disorders, booming geriatric population, rapid technological advancements, surging healthcare expenditure, and exhaustive research and development (R&D) being conducted in the domain. Additionally, the emergence of subcutaneous implantable cardioverter defibrillators is creating immense growth opportunities in the market.

As per the World Health Organization (WHO), nearly 17.5 million people died across the world because of cardiovascular diseases in 2012, and this number is predicted to rise to 23.3 million by 2030. Besides, the growing occurrence of various neurological diseases such as Alzheimer’s disease, epilepsy, depression, fecal incontinence, and Parkinson’s disease, is also driving the market expansion. These disorders occur due to the improper functioning of the central nervous system.

As per the Alzheimer’s Association, in the U.S., nearly 5.3 million people in the age bracket- 65 years and above- were diagnosed with Alzheimer’s disease in 2015, and this number will grow to 7.1 million by 2025 and around 13.8 million by 2050. Furthermore, nearly 7 million to 10 million suffer from Parkinson’s disease globally, as per the observations of the Parkinson’s Disease Foundation (PDF). Similarly, nearly 60,000 new cases of Parkinson’s disease are recorded every year in the U.S.

Apart from the aforementioned factors, the burgeoning requirement for neurostimulators is also fueling the growth of the active implantable medical devices market. Depending on product, the market is divided into implantable cardioverter defibrillators, neurostimulators, implantable cardiac pacemakers, implantable hearing devices, ventricular assist devices, and implantable heart monitors/insertable loop recorders categories. Amongst these, the implantable cardioverter defibrillators category dominated the market in 2016, because of the high incidence of cardiovascular diseases and the huge demand for compliance for technologically advanced systems.

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The implantable cardioverter defibrillators category is further divided into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators. Between these, the transvenous implantable cardioverter defibrillator sub-category, that included the biventricular implantable cardioverter defibrillators, single-chamber implantable cardioverter defibrillators, and dual-chamber implantable cardioverter defibrillators divisions, led the market, under the product segment, in the years gone by. The neurostimulators category is predicted to demonstrate the fastest growth in the market, under this segment, in the coming years.

Source de l'article : Incidence of Neurological Disorders Driving Expansion of Active Implantable Medical Devices _1078.aspx

auteur ressource :
P&S Intelligence
International: +1-347-960-6455

Mots-clés : Active Implantable Medical Devices Market, Active Implantable Medical Devices Market Share, Active Implantable Medical Device,

Catégorie : D'affaires : PR

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