Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report has been published by Transparency Market Research, titled "Implantable Medical Devices Market - U.S. Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018". TMR, a market intelligence company based in the U.S., says in its report that the implantable medical devices market was valued at US$25,277.8 million in 2012 and is expected to reach US$33,600 million by 2019, expanding at a CAGR of 4.1% from 2013 to 2019. According to this TMR report, paucity of alternative treatments for most protracted injuries and disorders is one of the key factors responsible for the significant growth of the implantable medical devices market. Additionally, the report also provides comprehensive analysis of the segments of the market in light of 2011 statistics, as the base year for market size calculations and estimation between 2012 and 2018.
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As per the TMR report, the U.S. implantable medical devices market is segregated into cardiovascular implants, orthopedic implants, and others such as intraocular lens, breast, and dental implants market. The orthopedic implants market is branched into the categories of orthopedic implantation procedures and orthopedic implants. This report includes the approximate revenues in 2010 and 2011 and prognoses for these primary segments between 2012 and 2018. Similarly, meticulous analysis is performed for the segments of intraocular implants, cardiovascular implants, and breast implants. These elements, combined with key recommendations from industry experts, would aid market players old and new alike in formulating beneficial corporate strategies.
The application of implantable medical devices is predicted to stay high in burgeoning economies as an outcome of ongoing technological updation. According to this report, the coming generation of implantable devices has heightened the prospects for the markets for orthopedic, cardiovascular, and other implants. Orthopedic implants are predicted to emerge as the biggest implantable devices segment in the near future.
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The key players operating in the market for implantable medical devices are Alcon, American Medical Systems Holdings, Abbott Laboratories, Bard (CR) Incorporated, Bausch & Lomb Incorporated, Boston Scientific Corporation, Codman & Shurtleff, Conor Medsystems, Davol, Allergan Incorporated, DePuy, Edwards Lifesciences Corporation, Ethicon, Biomet Incorporated, General Electric Company, Gore & Associates Incorporated, Johnson & Johnson, Intelect Medical, Medtronic Incorporated, Merck & Company Incorporated, Mentor Worldwide, Novartis AG, Orthofix International NV, Oncura, Osteotech, Porex Surgical, Orthovita, Sadra Medical, Sorin SpA, St. Jude Medical Incorporated, Smith & Nephew plc, Stryker Corporation, Thoratec Corporation, Synthes Incorporated, Wright Medical Group Incorporated, Tornier NV, Zimmer Holdings Incorporated, and Endo Pharmaceuticals Holdings Incorporated.
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