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Active Implantable Medical Devices Market Forecasts Healthy Growth in Next 5 Years - Scalar Market Research

What Are the Majors Factors for Growth of Global Active Implantable Medical Devices Market in near future?

Posted: Thursday, June 01, 2017 at 9:15 AM CDT

Chicago, IL -- (SBWire) -- 06/01/2017 --According to the report, "Active Implantable Medical Devices Market, by Product (Implantable Cardioverter Defibrillators (Transvenous & Subcutaneous), Cardiac Pacemaker, Ventricular Assist Device, Neurostimulator, Implantable Hearing Devices) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for the automated guided vehicles (AGV) is set to grow at a steady rate during the forecast period, due to the technological advancements.

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The Active Implantable Medical Device 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.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The global market is driven by Growth in this market can be attributed to factors such as growth in aging population, increasing prevalence of cardiovascular and neurological diseases, investments and funds to develop technologically advanced products, expanded applications of neurostimulators, and favorable reimbursement scenario for ENT procedures in developed countries.

2. However, unfavorable healthcare reforms in the U.S., issues related to the use of implantable medical devices, and the high cost of cardiac and neurostimulators implantable devices may hinder the growth of this market to a certain extent during the forecast period.

3. Growth opportunities in the emerging markets and the development of subcutaneous implantable cardioverter defibrillators offer significant growth opportunities in this market.

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