Global Implantable Pulse Generators Market Witnessing Enormous Growth By Cyberonics, Inc.; Boston Scientific Corporation; Dextronix,CorMedix,NeuroPace,ReShape Lifesciences,Stimwave & Others
Global implantable pulse generators market is expected to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the advancements in technology and modernization of product offerings, resulting in usage of ceramics as an alternative to metals as they provide better compatibility in patients.
The implantable pulse generators research report also details the information about the global market status, competition landscape, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. While developing this implantable pulse generators market report competitive analysis has been done for the major players in the market, which supports businesses take better moves for enhancing their product and sales. The market is projected to be the fastest-growing market during the forecast period from 2019 to 2026. It comes with several charts, graphs, and graphics to make it an interesting read.
Few of the major competitors currently working in the implantable pulse generators market are Abbott; Medtronic; NeuroSigma, Inc.; Nevro Corp.; Synapse Biomedical Inc.; Cyberonics, Inc.; Boston Scientific Corporation; Dextronix, Inc.; CorMedix Inc.; NeuroPace, Inc.; ReShape Lifesciences, Inc.; Stimwave LLC; IntraPace, Inc.; Integer Holdings Corporation; Impulse Dynamics; Heraeus Holding; Inspire Medical Systems, Inc.; Nuvectra; SPR Therapeutics; Valtronic and
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Market Drivers
Increasing rate of chronic diseases globally is one of the major factors driving the growth of the market
Higher effectiveness of therapy systems with the adoption in usage of these medical devices is expected to positively affect the growth of the market
Ease of installation of these implants resulting in shorter operating is expected to drive the market growth
Market Restraint
Requirement of replacement surgeries of these implantable medical devices whether to replace the whole device or the batteries after a certain period of time; this factor is expected to restrain the market growth
Segmentation: Global Implantable Pulse Generators Market
By Product Type
Implantable Cardiac Pacemakers
Implantable Defibrillators
Cochlear Implants
Implantable Nerve Stimulators (FES)
Limb Function Stimulation
Bladder Stimulators
Sphincter Stimulators
Diaphragm Stimulators
Analgesia
Implantable Infusion Pumps
Implantable Active Monitoring Devices
By Application
Neurovascular Diseases
Cardiovascular Diseases
Orthopedic
By End-Users
Hospitals
Ambulatory Surgical Centers
Home Care Settings
Clinics
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Key Developments in the Market:
In March 2019, Impulse Dynamics announced that they had received US FDA approval for their implantable pulse generator, “Optimizer Smart System”. This approval will help the company in providing an effective CCM therapy delivering medical device in heart failure patients who cannot undergo CRT.
In October 2018, Heraeus Holding announced that its business division Heraeus Medical Components had agreed to acquire Evergreen Medical Technologies along with their subsidiary PhysioTest. This acquisition will enable Heraeus to provide a wider level of product offerings and enhance its production capabilities of medical devices particularly in the neuromodulation segment.
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Competitive Analysis: Global Implantable Pulse Generators Market
Global implantable pulse generators market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of implantable pulse generators market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global implantable pulse generators market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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