Implant market to reach $73.9B by 2018

Editor's Note

A new survey shows the US implantable device market is expected to reach $73.9 billion by 2018, the January 6 Becker’s Spine Review reports.

Among the survey findings:

• The market was valued at $43.1 billion in 2011.
• An increasing aging population, number of chronic degenerative diseases, and healthcare expenditures are driving market growth.
• Orthopedic implants will dominate the market, and reconstructive joint replacements will have the fastest growth.
• The high price of implants and tough reimbursement policies may hinder growth.

The implantable medical device market is segmented into cardiovascular, orthopedic, and other procedures.

The U.S. implantable medical devices market is expected to hit $73.9 billion by 2018, according to a Transparency Market Research report. Here are six observations: 1. The market will likely continue to grow at a compound annual growth rate of 8 percent through 2018. 2. In 2011, the market was valued at $43.1 billion.