Middle East And Africa Active Implantable Medical Devices Comprehensive Industry Forecast Report 2021
Middle East And Africa Active Implantable Medical Devices Market By Product (Implantable Cardioverter Defibrillators (Transvenous & Subcutaneous), Cardiac Pacemaker, Ventricular Assist Device, Neurostimulator, Implantable Hearing Devices)
(EMAILWIRE.COM, January 24, 2018 ) The Active Implantable Medical Device (AIMD) Directive 90/385/EEC defines an active implantable medical device as "any active medical device which is intended to be totally or partially introduced, surgically or medically, into the human body or by medical intervention into a natural orifice, and which is intended to remain after the procedure". The Middle East and Africa Active Implantable Medical Devices market is anticipated to grow at a 7.061% CAGR from 2016 to 2021 and it is estimated that the Middle East and Africa market was valued at USD 1.66 billion in 2016 and is expected to reach USD 2.33 billion by 2021.
As one of the highest risk categories of device, they are subject to severe regulatory controls both pre- and post-market. The regulatory controls set out in the AIMD Directive also apply to any accessories that are used to enable the device to operate as intended, for examples leads, programmers, controllers, battery packs, software applications, implant kits and refill kits.
Read more insights at https://www.marketdataforecast.com/market-reports/middle-east-and-africa-active-implantable-medical-devices-market-5036/
The demand for active implantable medical devices is rising due to increase in the prevalence of cardiovascular diseases and increase in the incidences of neurological disorders. Cardiovascular disease is the leading cause of premature death around the world. Implantable cardioverter defibrillators and implantable cardiac pacemakers are the main medical devices used for the treatment of different cardiovascular conditions. High prevalence of cardiovascular diseases depicts an increase in the demand for these devices.
Factors such as advancement in technological, increase in the prevalence of cardiovascular diseases, rise in the healthcare expenditures by patients and increase in the research and development activities are the major factors driving the growth of the Middle East and Africa active implantable medical devices market. However, the high cost of implantable medical devices and unfavorable reimbursement guidelines pose crucial challenge thereby limiting the adoption of active implantable medical devices solutions.
Get free sample report at https://www.marketdataforecast.com/market-reports/middle-east-and-africa-active-implantable-medical-devices-market-5036/request-sample
The Middle East and Africa market for Active Implantable Medical Devices market is segmented into Product and Region. On the basis of Product, it is segmented into Implantable Cardioverter Defibrillators (Transvenous & Subcutaneous), Cardiac Pacemaker, Ventricular Assist Device, Neurostimulator and Implantable Hearing Devices. Cardioverter defibrillators held the largest share in the active implantable medical devices market in 2016, due to the increase in the prevalence of cardiovascular diseases and high compliance for technologically advanced products. Transvenous implantable cardioverter desfibrillator which is further segmented into biventricular implantable cardioverter defibrillators, dual-chamber implantable cardioverter defibrillators.
Single-chamber implantable cardioverter defibrillators held the largest share in this market segment followed by subcutaneous implantable cardioverter defibrillators. The neurostimulators market is anticipated to witness the highest growth rate during the forecast period. The demand for neurostimulators, especially deep brain stimulators is growing significantly across the globe. An increase in the prevalence of chronic pain, such as neuropathic pain, pain due to diabetes, arthritis pain and pain from injury has increased the demand for neurostimulators significantly.
On the basis of geography, the market is analyzed under various regions namely Middle East and Africa. The fragmented healthcare industry and high operating margins in emerging economies make them attractive to investors when compared to developed economies. Manufacturing medical devices products in the developing regions tend to decrease the overall cost of manufacturing, thus reducing the cost of the product without altering the quality.
Some of the key players dominating the active implantable medical devices market include 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 and Nurotron Biotechnology Co. Ltd.
Scope of the Report
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Product along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the region-wise market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
As one of the highest risk categories of device, they are subject to severe regulatory controls both pre- and post-market. The regulatory controls set out in the AIMD Directive also apply to any accessories that are used to enable the device to operate as intended, for examples leads, programmers, controllers, battery packs, software applications, implant kits and refill kits.
Read more insights at https://www.marketdataforecast.com/market-reports/middle-east-and-africa-active-implantable-medical-devices-market-5036/
The demand for active implantable medical devices is rising due to increase in the prevalence of cardiovascular diseases and increase in the incidences of neurological disorders. Cardiovascular disease is the leading cause of premature death around the world. Implantable cardioverter defibrillators and implantable cardiac pacemakers are the main medical devices used for the treatment of different cardiovascular conditions. High prevalence of cardiovascular diseases depicts an increase in the demand for these devices.
Factors such as advancement in technological, increase in the prevalence of cardiovascular diseases, rise in the healthcare expenditures by patients and increase in the research and development activities are the major factors driving the growth of the Middle East and Africa active implantable medical devices market. However, the high cost of implantable medical devices and unfavorable reimbursement guidelines pose crucial challenge thereby limiting the adoption of active implantable medical devices solutions.
Get free sample report at https://www.marketdataforecast.com/market-reports/middle-east-and-africa-active-implantable-medical-devices-market-5036/request-sample
The Middle East and Africa market for Active Implantable Medical Devices market is segmented into Product and Region. On the basis of Product, it is segmented into Implantable Cardioverter Defibrillators (Transvenous & Subcutaneous), Cardiac Pacemaker, Ventricular Assist Device, Neurostimulator and Implantable Hearing Devices. Cardioverter defibrillators held the largest share in the active implantable medical devices market in 2016, due to the increase in the prevalence of cardiovascular diseases and high compliance for technologically advanced products. Transvenous implantable cardioverter desfibrillator which is further segmented into biventricular implantable cardioverter defibrillators, dual-chamber implantable cardioverter defibrillators.
Single-chamber implantable cardioverter defibrillators held the largest share in this market segment followed by subcutaneous implantable cardioverter defibrillators. The neurostimulators market is anticipated to witness the highest growth rate during the forecast period. The demand for neurostimulators, especially deep brain stimulators is growing significantly across the globe. An increase in the prevalence of chronic pain, such as neuropathic pain, pain due to diabetes, arthritis pain and pain from injury has increased the demand for neurostimulators significantly.
On the basis of geography, the market is analyzed under various regions namely Middle East and Africa. The fragmented healthcare industry and high operating margins in emerging economies make them attractive to investors when compared to developed economies. Manufacturing medical devices products in the developing regions tend to decrease the overall cost of manufacturing, thus reducing the cost of the product without altering the quality.
Some of the key players dominating the active implantable medical devices market include 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 and Nurotron Biotechnology Co. Ltd.
Scope of the Report
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Product along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the region-wise market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results