About Implantable Pulse Generator
The rising frequency of numerous medical disorders and diseases has prompted the development of new medical technology. The implantable pulse generator is one such device that has moved healthcare providers' attention to a new age of disease treatment. A battery, circuitry, can, antenna, reed switch, and connectors are all included in an implanted pulse generator (IPG). When the gadget is implanted in the body, it electrically stimulates the nervous system, blocking or stimulating various nerve impulses throughout the body. This technology holds promise as a treatment for hypertension, back pain, diabetes, and obesity, among other medical issues. In circumstances where drugs are either causing side effects or are wholly ineffective, an implanted pulse generator can be employed. In addition, the pharmaceutical dosage was reduced while the negative effects were kept to a minimum. Other aspects that have mainly contributed to greater market expansion of implantable pulse generators throughout the anticipated period include dyskinesia and better motor symptoms for a considerably longer period of time.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.5% |
Mergers and acquisitions, strategic collaborations, and product range expansions are among these companies' important long-term sustainability strategies for maintaining profit margins. In addition, several startup businesses have entered this attractive market to take advantage of the implantable pulse generator market's prospects. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Implantable Pulse Generator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dextronix, Inc. (United States), St. Jude Medical, Inc. (United States), Medtronic, Inc. (Ireland), Abbott (United States), Boston Scientific Corporation (United States), Synapse Biomedical, Inc. (United States), Nevro Corporation (United States), Neurosigma, Inc. (United States), Neuropace, Inc. (United States) and Cyberonics, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BioControl Medical (Isreal).
Segmentation Overview
AMA Research has segmented the market of Global Implantable Pulse Generator market by 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 and Implantable active monitoring devices), Application (Neurovascular Diseases, Cardiovascular Diseases and Orthopedic) and Region.
On the basis of geography, the market of Implantable Pulse Generator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Implantable Pulse Generator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing popularity due to improved technology and The Surging demand for the better clinical performance
Market Growth Drivers:
The growing cases of the chronic disorders including neurological and cardiovascular disorders, The rising demand for innovative alternate therapies and The increasing patient awareness
Challenges:
The Concern related to the stringent government regulations
Restraints:
The rise in need for replacement surgeries for these implantable medical devices, whether to replace the batteries or the whole device after a certain period
Opportunities:
The growing demand from the developing countries across the globe, The rising number of manufacturers launching new and innovative IPG devices and The increase in the geriatric population with cardiac problems
On 10th June 2021, Medtronic plc, the global leader in medical technology, today announced it has received U.S. Food and Drug Administration (FDA) approval for Vanta™, a high-performance recharge-free implantable neurostimulator (INS) with a device that can be optimized up to 11 years. At comparable settings, the Vanta neurostimulator offers nearly twice the device life as competitive primary cell devices.
Key Target Audience
Implantable Pulse Generator Manufacturers, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.