MRI Safe Implantable Device Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

MRI safe implantable devices are the implant which are inert in the exposure of Magnetic resonance. Some implants fails and provides unneccessary reaction during magnetic resonance imaging procedure. Specially in geriatric patients the implants are implanted due to the organ degeneration. MRI safe implants are safer to use during the MRI procedure.

MARKET SCOPE

The "Global MRI Safe Implantable Device Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the MRI Safe Implantable Device market with detailed market segmentation by drug class and distribution channel. The report provides key statistics on the market status of the leading MRI Safe Implantable Device market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on magnetic field strenght the market is segmented as, high field MRI, low to mid field MRI, very high field MRI, and ultra high field MRI.
  
•   Based on product type the market is segmented as, pacemakers, deep brain stimulaton system, spinal cord stimulators, implantable cardioverter defibrilators, orthopedic implants, insulin pumps, vascular access catheters, and coil filters stent grafts.
  
•   Based on procedure type the market is segmented as, cardiovascular procedures, orthopedic procedures, and other procedures.
  
•   Based on end user the market is segmented as, hospitals, ambulatory surgical centers, clinics, and others.
  

MARKET DYNAMICS

Drivers:

•   Rising prevalence of organ degeneration and chronic disorders.
  
•   Increasing the geriatric population.
  
•   Extensive R&D efforts by medical device companies to develop MRI safe implants is expected to fuel the market growth.
  

Restraints:

•   Whereas, high cost of MRI safe implants is expected to restrain market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The MRI Safe Implantable Device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the MRI Safe Implantable Device market in these regions.

IMPACT OF COVID-19 ON MRI SAFE IMPLANTABLE DEVICE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the MRI Safe Implantable Device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from MRI Safe Implantable Device market are anticipated to lucrative growth opportunities in the future with the rising demand for MRI Safe Implantable Device in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the MRI Safe Implantable Device market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   MEDTRONIC PLC
  
•   ZIMMER HOLDINGS INC.
  
•   ABBOTT LABORATORIES
  
•   COCHLEAR LTD.
  
•   BIOTRONIK
  
•   BOSTON SCIENTIFIC CORPORATION
  
•   ST. JUDE MEDICAL INC
  
•   SMITHS MEDICAL
  
•   ABBVIE, INC.
  
•   TRI VASCULAR
  
•   STRYKER CORPORATION
  
•   SMITH AND NEPHEW PLC
  
•   JOHNSON AND JOHNSON.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

MRI Safe Implantable Device Report Scope