The global active implantable medical device market is growing at a significant rate, due to the mounting occurrence of cardiovascular diseases and neurological disorders, and extended applications of neurostimulators.

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Development of inventive, easy-to-use implantable cardiovascular products with augmented longevity and enlargement of technologically innovative implantable hearing devices are the trends in the active implantable medical device market.

Mounting occurrence of cardiovascular diseases, extended applications of neurostimulators, mounting occurrence of neurological disorders, expanding geriatric population, and savings and assets to develop technologically innovative products are the primary growth drivers for active implantable medical device market.

North America is the largest active implantable medical device market as in the region the geriatric population is increasing, and mounting growth of technologically innovative products.

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Asia-Pacific is observed to witness the fastest growth in the market, due to the mounting occurrence of neurological disorders and cardiovascular diseases and less strict regulations.

Abbott Laboratories, Boston Scientific Corporation, Nurotron Biotechnology Co. Ltd, Medtronic PLC, Med-EL, Biotronik Se & Co., Kg, Sonova Holding AG, Cochlear Limited, William Demant Holding A/S, and Livanova PLC are the key players offering the active implantable medical device.

Source: VynZ Research