India Implantable Medical Devices Market Size, Share and Overview 2023-2028

 

According to IMARC Group, the India implantable medical devices market size reached US$ 102.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 151.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

The report has segmented the market by Industry trends, share, size, growth, opportunity and forecast.

Request to Get the Sample Report: https://www.imarcgroup.com/india-implantable-medical-devices-market/requestsample

Factors Affecting the Growth of the India Implantable Medical Devices Industry:

·         Government Policies and Healthcare Infrastructure Development:

The growth of the India Implantable Medical Devices market is significantly influenced by government policies promoting healthcare advancements and infrastructure development. The Indian government's initiatives to improve healthcare facilities and increase public health expenditure directly impact the market. Additionally, schemes like Ayushman Bharat and the National Health Protection Scheme aim to provide affordable healthcare, thereby increasing access to advanced medical treatments, including implantable devices. The efforts to enhance healthcare infrastructure, particularly in rural and semi-urban areas, create a conducive environment for the market's expansion, as improved facilities naturally lead to an increased demand for high-quality medical devices.

·         Rising Prevalence of Chronic Diseases and Aging Population:

Another key factor affecting the growth of the India Implantable Medical Devices market is the rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, and orthopedic disorders. The aging population in India, which is more prone to such health issues, also contributes to the growing demand for implantable medical devices. As life expectancy increases, there is a corresponding rise in age-related ailments, necessitating advanced medical interventions. This demographic shift creates a steady demand for devices like pacemakers, stents, and orthopedic implants, driving market growth.

·         Technological Advancements and Increased Healthcare Awareness:

The market is also driven by technological advancements in implantable medical devices, which are increasing their efficacy and safety. Innovations in materials, design, and functionality of devices are making them more appealing to both medical professionals and patients. Furthermore, there is a growing awareness about healthcare and the availability of advanced treatments among the Indian population. Increased education and access to information about health and wellness are leading more people to opt for advanced medical procedures, including those involving implantable devices, thus fueling the market growth.

India Implantable Medical Devices Market Report Segmentation:

Breakup by Product:

·         Orthopedic Implants

·         Dental Implants

·         Facial Implants

·         Breast Implants

·         Cardiovascular Implants 

·         Others

Orthopedic Implants represented the largest segment by Product due to the high prevalence of orthopedic conditions and the increasing aging population in India.

Breakup by Material:

·         Polymers

·         Metals

·         Ceramics

·         Biologics

Metals represented the largest segment by Material because of their durability, biocompatibility, and widespread use in various implantable devices.

Breakup by End User:

·         Hospitals

·         Ambulatory Surgery Centers (ASCs)

·         Clinics

Hospitals represented the largest segment by End User, as they are the primary healthcare facilities equipped for complex surgical procedures involving implantable medical devices.

Breakup by Insights:

·         North India

·         West and Central India

·         South India

·         East India

North India emerged as the largest region, likely due to higher healthcare infrastructure development and population density in this region.

Competitive Landscape:

The competitive landscape of the India implantable medical devices market has been studied in the report with the detailed profiles of the key players operating in the market.

 

India Implantable Medical Devices Market Trends:

The increasing prevalence of chronic diseases, such as cardiovascular disorders and diabetes, is elevating the demand for long-term medical solutions, including implantable devices. Moreover, advancements in medical technologies have enhanced the safety and efficacy of these devices, boosting patient and physician confidence in their use. Additionally, India's growing elderly population, who are more prone to ailments requiring implantable devices, significantly contributes to the market expansion. Furthermore, the improving healthcare infrastructure in India, along with rising income levels, is making these advanced medical solutions more accessible to a broader segment of the population.

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures:  https://www.imarcgroup.com/request?type=report&id=2821&flag=C

Other Key Points Covered in the Report:

·         COVID-19 Impact

·         Porters Five Forces Analysis

·         Value Chain Analysis

·         Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

 

About Us

 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163