Global Passive Implantable Medical Devices Market Growth 2025-2031

The global Passive Implantable Medical Devices market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

A passive implantable medical device refers to a medical device that is implanted inside the body or outside the body and does not require an external power source or battery to function properly. Such medical devices often rely on natural processes such as biology, physics, or chemical reactions to achieve their therapeutic, monitoring, or support functions. Passive implantable medical devices are often used for purposes such as monitoring physiological parameters, providing drug delivery, improving biological function, or promoting tissue healing.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

LP Information, Inc. (LPI) ' newest research report, the “Passive Implantable Medical Devices Industry Forecast” looks at past sales and reviews total world Passive Implantable Medical Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Passive Implantable Medical Devices sales for 2025 through 2031. With Passive Implantable Medical Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passive Implantable Medical Devices industry.

This Insight Report provides a comprehensive analysis of the global Passive Implantable Medical Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Passive Implantable Medical Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Passive Implantable Medical Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passive Implantable Medical Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Passive Implantable Medical Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Passive Implantable Medical Devices market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Passive Implantable Cardiac Pacemaker
Drug Releasing Implants
Passive Implantable Sensor
Implantable Joint Prosthesis
Other

Segmentation by Application:
Hospital
Clinic
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Edwards Lifesciences
Medtronic
Abbott
Boston Scientific Corporation
LivaNova
Symetis
Jenavalve Technology
Cryolife
TTK Healthcare Limited
Colibri Heart Valve
Lepu Medical Technology
Braile Biomédica
Micro Interventional
Fresenius Medical Care
Cochlear
Baxter
Terumo
Syncardia

Key Questions Addressed in this Report

What is the 10-year outlook for the global Passive Implantable Medical Devices market?

What factors are driving Passive Implantable Medical Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Passive Implantable Medical Devices market opportunities vary by end market size?

How does Passive Implantable Medical Devices break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.