North America Implantable Medical Devices Market Forecast to 2030
North America Implantable Medical Devices Market Forecast to 2030 – Regional Analysis – By Implant Type (Active Implant and Passive Implant), Product Type (Diagnostics and Treatment), Material Type (Metallic, Ceramic, and Polymers), Application (Orthopedic Implants, Cardiovascular Implants, Breast Implants, Brain Implants, and Others), and End Users (Hospitals, Specialty Clinics, ASCs, and Others)
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Description
Growing Use of 3D Printing Technology Devices Fuel the North America Implantable Medical Devices Market
3D printing technology has been used in implantable medical devices because of its high precision, complex structure, and high material utilization advantages. The 3D printing technology is used when the shape of the implantable medical devices is complex and often difficult to process. 3D printing technology can produce implantable medical devices with any complex shape without considering processing problems and solve complex implantable medical devices’ design and manufacturing problems. Long-term medical solutions for breast implants, implantable cardioverter-defibrillators, pacemakers, and dentures are possible with the help of 3D printing technology. One of the most recent advancements in orthopedic implant technology is 3D printing. With the rapid advancement of technology in the medical field, smart implants embedded with sensors and 3D printing can completely replace traditional implants in use; the ability to create custom implants for individual patients has added benefits during treatment. 3D-printed implants could even reduce the number of surgeries required for a given condition; for example, glaucoma stents 3D printed from a dissolvable polymer could eliminate the follow-up surgery for removing the titanium devices, which are commonly used. Therefore, the growing use of 3D printing technology is expected to propel the growth of the market in the coming years.
North America Implantable Medical Devices Market Overview
The North America Implantable Medical Devices Market is segmented into the US, Canada, and Mexico. North America is expected to hold a significant share of the global market during the forecast period due to the increasing prevalence of neurological diseases, cardiovascular diseases (CVD), breast cancer, technological advancement, and high spending on research and development. The rising geriatric population prone to neurological diseases is expected to offer lucrative opportunities for market growth in the region during the forecast period.
North America Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Million)
North America Implantable Medical Devices Market Segmentation
The North America implantable medical devices market is segmented into implant type, product type, material type, application, end user and country.
Based on implant type, the North America implantable medical devices market is bifurcated into active implant & passive implant. The passive implant segment held a larger share of the North America implantable medical devices market in 2022.
Based on product type, the North America implantable medical devices market is bifurcated into diagnostic & treatment. The treatment segment held a larger share of the North America implantable medical devices market in 2022.
Based on material type, the North America implantable medical devices market is segmented into metallic, ceramic, and polymers. The metallic segment held the largest share of the North America implantable medical devices market in 2022.
Based on application, the North America implantable medical devices market is segmented into dental implants, orthopedic implants, cardiovascular implants, breast implants, brain implants, and others. The orthopedic implants segment held the largest share of the North America implantable medical devices market in 2022.
Based on end user, the North America implantable medical devices market is segmented into hospitals, specialty clinics, ASCs, and others. The hospitals segment held the largest share of the North America implantable medical devices market in 2022.
Based on country, the North America implantable medical devices market is segmented into the US, Canada, and Mexico. The US dominated the North America implantable medical devices market in 2022.
Abbott Laboratories, Boston Scientific Corp, Dentsply Sirona Inc, Johnson & Johnson, Medtronic Plc, Institut Straumann AG, Smith & Nephew Plc, Biotronik SE & Co KG, LivaNova Plc, and MED-EL Elektromedizin Gerate Gesellschaft mbH are some of the leading companies operating in the North America implantable medical devices market.
Summary Info
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According to the Research Team’ research, the North America implantable medical devices market was valued at US$ 30,170.24 million in 2022 and is expected to reach US$ 52,330.44 million by 2030, registering a CAGR of 7.1% from 2022 to 2030. Growing areas of application of implantable medical devices and rising cases of spinal cord injury attributed to the North America implantable medical devices market expansion.
Medical implants are devices positioned inside the body. The implantable medical devices are used to replace missing body parts, deliver medication, monitor body functions, or support organs and tissues. Implantable medical devices are important to healthcare as they completely increase patients’ safety and quality of life. Many implantable medical devices monitor blood pressure and irregular heartbeat, which help alert medical specialists for signs of criticality and direct individuals toward appropriate care. A few widely used implants are pacemakers, defibrillators, cardiovascular stents, neural prosthetics, and drug delivery systems. According to an article titled “Bone Health 2022,” osteoporosis causes over 8.9 million fractures every year, leading to an osteoporotic fracture every 3 seconds worldwide. Patients suffering bone fractures in different body parts require implants that will enable a function like that of the natural bone they are replacing. Joint diseases (rheumatoid arthritis and osteoarthritis) also require surgical intervention with hip and knee replacement implants. Biomaterial implants are used to fix fractures or replace parts of the body. For most of these implant cases, either metal or polymer biomaterials are preferred for their similar functional capacity to the original bone material. Moreover, according to the WHO, nervous disorders contribute to ~6.3% of the global disease burden. Also, according to the same source, nervous disorders are one of the leading causes of death worldwide. They cause 13.2% of deaths in developed countries and 16.8% in low- and middle-income countries. High mortality and disease burden necessitate the clinical urgency for integrating long-term solutions. Furthermore, growing awareness regarding the tremendous burden of neurological disorders has increased the demand for neurostimulators. As per World Cancer Research Fund International, breast cancer is the most common cancer in women in developed and developing countries. In 2020, there were more than 2.2 million new breast cancer cases in women. As per the Breast Cancer Research Foundation, it is projected that in 2023, in the US, ~297,000 women are likely to be diagnosed with breast cancer, making it the most common type of cancer in American women. Breast implants are medical devices that are implanted under the breast tissue or chest muscle to boost breast size (augmentation) or replace breast tissue removed due to cancer. Therefore, the rising application of medical implant devices in breast cancer, neurological disorders, and osteoporosis drives the growth of the implantable medical device market.
On the contrary, post-surgical complications hampers the North America implantable medical devices market.
Based on implant type, the North America implantable medical devices market is bifurcated into active implant & passive implant. The passive implant segment held 56.2% share of North America implantable medical devices market in 2022, amassing US$ 16,964.2 million. It is projected to garner US$ 28,606.9 million by 2030 to expand at 6.7% CAGR during 2022-2030.
Based on treatment, the North America implantable medical devices market is bifurcated into diagnostic & treatment. The treatment segment held 82.2% share of North America implantable medical devices market in 2022, amassing US$ 24,802.5 million. It is projected to garner US$ 43,882.4 million by 2030 to expand at 7.4% CAGR during 2022-2030.
Based on material type, the North America implantable medical devices market is segmented into metallic, ceramic, and polymers. The metallic segment held 55.6% share of North America implantable medical devices market in 2022, amassing US$ 16,770.6 million. It is projected to garner US$ 29,131.0 million by 2030 to expand at 7.1% CAGR during 2022-2030.
Based on application, the North America implantable medical devices market is segmented into dental implants, orthopedic implants, cardiovascular implants, breast implants, brain implants, and others. The orthopedic implants segment held 45.4% share of North America implantable medical devices market in 2022, amassing US$ 13,688.3 million. It is projected to garner US$ 24,031.3 million by 2030 to expand at 7.3% CAGR during 2022-2030.
Based on end user, the North America implantable medical devices market is segmented into hospitals, specialty clinics, ASCs, and others. The hospitals segment held 55.6% share of North America implantable medical devices market in 2022, amassing US$ 16769.27 million. It is projected to garner US$ 29181.36 million by 2030 to expand at 7.2% CAGR during 2022-2030.
Based on country, the North America implantable medical devices market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.2% share of North America implantable medical devices market in 2022. It was assessed at US$ 24,788.22 million in 2022 and is likely to hit US$ 43,146.1 million by 2030, exhibiting a CAGR of 7.2% during 2022-2030.
Key players operating in the North America implantable medical devices market Abbott Laboratories, Boston Scientific Corp, Dentsply Sirona Inc, Johnson & Johnson, Medtronic Plc, Institut Straumann AG, Smith & Nephew Plc, Biotronik SE & Co KG, LivaNova Plc, and MED-EL Elektromedizin Gerate Gesellschaft mbH, among others.
In Aug-2021, Johnson & Johnson Medical Devices Companies announced that DePuy Synthes, The Orthopaedics Company of Johnson & Johnson, introduced the INHANCE Shoulder System, a first-to-market, fully integrated shoulder arthroplasty system. The system is designed with an intuitive stemless-first surgical approach that aligns with how surgeons approach patient care. The INHANCE Shoulder System is the first shoulder system to offer surgeons the ability to seamlessly transition from stemless to stemmed implants during surgical procedures.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America implantable medical devices market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Implantable Medical Devices Market – Key Industry Dynamics
4.1 Key Market Drivers:
4.1.1 Growing Areas of Application of Implantable Medical Devices
4.1.2 Rising Cases of Spinal Cord Injury
4.2 Market Restraints
4.2.1 Post-Surgical Complications
4.3 Market Opportunities
4.3.1 Growing Adoption and Approvals of Smart Implants
4.4 Future Trends
4.4.1 Growing Use of 3D Printing Technology
4.5 Impact Analysis:
5. Implantable Medical Devices Market – North America Market Analysis
5.1 North America Implantable Medical Devices Market Revenue (US$ Mn), 2022 – 2030
6. North America Implantable Medical Devices Market – Revenue and Forecast to 2030 – by Implant Type
6.1 Overview
6.2 North America Implantable Medical Devices Market Revenue Share, by Implant Type 2022 & 2030 (%)
6.3 Active Implant
6.3.1 Overview
6.3.2 Active Implant: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Passive Implant
6.4.1 Overview
6.4.2 Passive Implant: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
7. North America Implantable Medical Devices Market – Revenue and Forecast to 2030 – by Product Type
7.1 Overview
7.2 North America Implantable Medical Devices Market Revenue Share, by Product Type 2022 & 2030 (%)
7.3 Diagnostic
7.3.1 Overview
7.3.2 Diagnostic: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Treatment
7.4.1 Overview
7.4.2 Treatment: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Implantable Medical Devices Market – Revenue and Forecast to 2030 – by Material Type
8.1 Overview
8.2 North America Implantable Medical Devices Market Revenue Share, by Material Type 2022 & 2030 (%)
8.3 Metallic
8.3.1 Overview
8.3.2 Metallic: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Ceramic
8.4.1 Overview
8.4.2 Ceramic: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Polymer
8.5.1 Overview
8.5.2 Polymer: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Implantable Medical Devices Market – Revenue and Forecast to 2030 – by Application
9.1 Overview
9.2 North America Implantable Medical Devices Market Revenue Share, by Application 2022 & 2030 (%)
9.3 Dental Implants
9.3.1 Overview
9.3.2 Dental Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Orthopedic Implants
9.4.1 Overview
9.4.2 Orthopedic Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Cardiovascular Implants
9.5.1 Overview
9.5.2 Cardiovascular Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Breast Implants
9.6.1 Overview
9.6.2 Breast Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Brain Implants
9.7.1 Overview
9.7.2 Brain Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Implantable Medical Devices Market – Revenue and Forecast to 2030 – by End Users
10.1 Overview
10.2 North America Implantable Medical Devices Market Revenue Share, by End User 2022 & 2030 (%)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
10.4 Specialty Clinics
10.4.1 Overview
10.4.2 Specialty Clinics: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
10.5 ASCs
10.5.1 Overview
10.5.2 ASCs: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
11. North America Implantable Medical Devices Market – Country Analysis
11.1 North America Implantable Medical Devices Market, Revenue and Forecast To 2030
11.1.1 Overview
11.1.1.1 North America Implantable Medical Devices Market, by Country
11.1.1.2 US
11.1.1.2.1 Overview
11.1.1.2.2 US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.2.3 US Implantable Medical Devices Market, by Implant Type
11.1.1.2.4 US Implantable Medical Devices Market, by Product Type
11.1.1.2.5 US Implantable Medical Devices Market, by Material Type
11.1.1.2.6 US Implantable Medical Devices Market, by Application
11.1.1.2.7 US Implantable Medical Devices Market, by End Users
11.1.1.3 Canada
11.1.1.3.1 Overview
11.1.1.3.2 Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.3.3 Canada Implantable Medical Devices Market, by Implant Type
11.1.1.3.4 Canada Implantable Medical Devices Market, by Product Type
11.1.1.3.5 Canada Implantable Medical Devices Market, by Material Type
11.1.1.3.6 Canada Implantable Medical Devices Market, by Application
11.1.1.3.7 Canada Implantable Medical Devices Market, by End Users
11.1.1.4 Mexico
11.1.1.4.1 Overview
11.1.1.4.2 Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn)
11.1.1.4.3 Mexico Implantable Medical Devices Market, by Implant Type
11.1.1.4.4 Mexico Implantable Medical Devices Market, by Product Type
11.1.1.4.5 Mexico Implantable Medical Devices Market, by Material Type
11.1.1.4.6 Mexico Implantable Medical Devices Market, by Application
11.1.1.4.7 Mexico Implantable Medical Devices Market, by End Users
12. Implantable Medical Devices Market Industry Landscape
12.1 Overview
12.2 Growth Strategies in the North America Implantable Medical Devices Market
12.3 Inorganic Growth Strategies
12.3.1 Overview
12.4 Organic Growth Strategies
12.4.1 Overview
13. Company Profiles
13.1 Abbott Laboratories
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Boston Scientific Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Dentsply Sirona Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Johnson & Johnson
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Medtronic Plc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Institut Straumann AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Smith & Nephew Plc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 BIOTRONIK SE & Co KG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 LivaNova Plc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 MED-EL Elektromedizin Gerate Gesellschaft mbH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About Us
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Implantable Medical Devices Market Segmentation
Table 2. US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Implant Type
Table 3. US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 4. US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Material Type
Table 5. US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 6. US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – End Users
Table 7. Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Implant Type
Table 8. Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 9. Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Material Type
Table 10. Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 11. Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – End Users
Table 12. Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Implant Type
Table 13. Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 14. Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Material Type
Table 15. Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – Application
Table 16. Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 17. Recent Inorganic Growth Strategies in the North America Implantable Medical Devices Market
Table 18. Recent Organic Growth Strategies in the North America Implantable Medical Devices Market
Table 19. Glossary of Terms, North America Implantable Medical Devices Market
LIST OF FIGURES
Figure 1. North America Implantable Medical Devices Market Segmentation, By Country
Figure 2. North America Implantable Medical Devices Market – Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America Implantable Medical Devices Market Revenue (US$ Mn), 2022 – 2030
Figure 5. North America Implantable Medical Devices Market Revenue Share, by Implant Type 2022 & 2030 (%)
Figure 6. Active Implant: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Passive Implant: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. North America Implantable Medical Devices Market Revenue Share, by Product Type 2022 & 2030 (%)
Figure 9. Diagnostic: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Treatment: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. North America Implantable Medical Devices Market Revenue Share, by Material Type 2022 & 2030 (%)
Figure 12. Metallic: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Ceramic: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Polymer: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. North America Implantable Medical Devices Market Revenue Share, by Application 2022 & 2030 (%)
Figure 16. Dental Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Orthopedic Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Cardiovascular Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Breast Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Brain Implants: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. North America Implantable Medical Devices Market Revenue Share, by End User 2022 & 2030 (%)
Figure 23. Hospitals: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Specialty Clinics: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. ASCs: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Others: North America Implantable Medical Devices Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. North America Implantable Medical Devices Market , 2022 ($Mn)
Figure 28. North America Implantable Medical Devices Market , By Key Countries, 2022 And 2030 (%)
Figure 29. US Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn)
Figure 30. Canada Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn)
Figure 31. Mexico Implantable Medical Devices Market Revenue and Forecast to 2030 (US$ Mn)
Figure 32. Growth Strategies in the North America Implantable Medical Devices Market
The List of Companies – North America Implantable Medical Devices Market
1. Abbott Laboratories
2. Boston Scientific Corp
3. Dentsply Sirona Inc
4. Johnson & Johnson
5. Medtronic Plc
6. Institut Straumann AG
7. Smith & Nephew Plc
8. BIOTRONIK SE & Co KG
9. LivaNova Plc
10. MED-EL Elektromedizin Gerate Gesellschaft mbH
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