Transparency Market Research Report Added "Implantable Medical Devices Market" to its database.
Albany, NY -- (SBWIRE) -- 11/09/2015 -- A new Transparency Market Research report states that the global implantable medical devices market in the U.S. stood at US$25.2 bn in 2012 and is predicted to reach US$33.6 bn by 2019. It is expected to expand at a CAGR of 4.1% from 2013 to 2019. The title of the report is "Implantable Medical Devices Market - U.S. Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018".
Browse the full Implantable Medical Devices Market (Reconstructive Joint Replacement, Spinal Implants, Cardiovascular Implants, Dental Implants, Intraocular Lens And Breast Implants) - U.S. Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018 report at http://www.transparencymarketresearch.com/implantable-medical-devices-market.html
According to the report, implantable devices are primarily implanted in older patients. Cosmetic implantation procedures are amongst the most promising procedures in the market for implantable medical devices in the U.S. These procedures are being highly demanded owing to the changing standard of living of the younger population residing in the U.S. Dental implants also have a huge demand in the U.S. owing to procedures such as smile reconstruction, tooth replacement, fixing cavities, and permanent denture implantation.
As per the report, the absence of substitute treatments for several injuries and chronic disorders is amongst the key factors fuelling the market for implantable medical devices in the U.S. These devices are being highly demanded in developing economies owing to growing incorporation of technological advancements into the existing healthcare scenario. In addition, the growing geriatric population and change in standards of living are also amongst the prime factors augmenting the demand for implantable medical devices in the U.S. On the other hand, medical implantable devices are predicted to experience a substantial challenge owing to the tight control posed by insurance providers on the payment involved in implant procedures. However, this challenge can be overcome by reducing the total costs involved in the treatments by using medical implants. This could have a positive impact on the growth of the market for implantable medical devices in the U.S.
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On the basis of procedure, the market is segmented into cardiovascular procedures, orthopedic procedures, and other procedures. On the basis of product, the market is segmented into orthopedic implants, dental implants, cardiovascular implants, breast implants, intraocular lens, and other implants. Orthopedic implants include spinal implants and reconstructive joint replacement. Amongst these, in terms of growth opportunities and market value, the orthopedic implants segment is predicted to remain the biggest segment in the forthcoming years.
As per the report, the prime players operating in the implantable medical devices market in the U.S. include Abbott Laboratories, Allergan Incorporated, American Medical Systems Holdings, Bard (CR) Incorporated, Biomet Incorporated, Codman & Shurtleff, Conor Medsystems, DePuy, Edwards Lifesciences Corporation, Endo Pharmaceuticals Holdings Incorporated, Ethicon, Gore (WL) & Associates Incorporated, Medtronic Incorporated, Merck & Company Incorporated, Oncura, Orthofix International NV, Porex Surgical, Smith & Nephew plc, St. Jude Medical Incorporated, Synthes Incorporated, Thoratec Corporation, and Wright Medical Group Incorporated, among others.
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The market is segmented into the following categories:
U.S. implantable medical devices market, product segmentation
Reconstructive joint replacement
U.S. implantable medical devices market, by procedures
About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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