IMARC Group, a leading market research company, has recently releases report titled “United States Implantable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Future Prospects.” The study provides a detailed analysis of the industry, including the United States implantable medical devices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is the forecast for the United States implantable medical devices market?
The United States implantable medical devices market is expected to grow at a CAGR of around 5% during 2021-2026.
What is the implantable medical devices?
Implantable medical devices are replacement and support devices that improve the functioning of existing body organs and treat defects in the human body. They are made up of skin, tissue, bones, plastic, ceramic, and natural material. Implantable medical devices are placed inside the body, permanently or temporarily, during medical procedures and surgery to hold it there even after the procedure is over. Nowadays, cardiac pacemakers, defibrillators, coronary stents, hip implants and implantable insulin pumps are some of the commonly used implantable medical devices.
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Market Trends and Opportunities:
The United States implantable medical devices market is primarily driven by the growing geriatric population who needs orthopedic implant surgeries. The increasing prevalence of cardiovascular and chronic diseases due to sedentary lifestyles and changing dietary patterns are also propelling the market growth. Besides this, governments of various nations are extensively investing in improving the healthcare infrastructure of the country. They are also facilitating favorable reimbursement scenarios for implantable and life-changing procedures.
Furthermore, various research and development (R&D) activities have led to the introduction of patient-specific implants, such as knee arthroplasty, using 3D technology and sculptural CAD. These technological advancements are expected to impact the market growth in the near future.
Key Market Segmentation:
The report has segmented the United States implantable medical devices market on the basis of product, material, end user and region.
Breakup by Product:
- Orthopedic Implants
- Dental Implants
- Facial Implants
- Breast Implants
- Cardiovascular Implants
- Others
Breakup by Material:
- Polymers
- Metals
- Ceramics
- Biologics
Breakup by End User:
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Clinics
Breakup by Region:
- Northeast
- Midwest
- South
- West
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