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Global implantable medical devices market to be worth nearly $54.3B by 2025: 4 market observations Featured

Written by  Megan Wood | Friday, 27 January 2017 21:31
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The global implantable medical devices market will likely grow at a compound annual growth rate of 5.4 percent through 2025, according to a Research and Markets report.

Here are four observations:

 

1. The market is set to reach $54.28 billion by 2025.

 

2. The market will experience a boost in 3-D printing in various medical areas.

 

3. Utilization of integrated circuits for next-generation medical devices and use of biocompatible silicone will spur market growth.

 

4. Some market players include Warsaw, Ind.-based Zimmer Biomet, Kalamazoo, Mich.-based Stryker Corp., Dublin, Ireland-based Medtronic and Raynham, Mass.-based DePuy Synthes.

 

More articles on devices:
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Johnson & Johnson orthopedic sales hit $9.3B in 2016 — 5 things to know
OrthAlign's Direct Anterior Approach HipAlign will be 1st handheld device of its kind to hit the market: 5 details to consider

 

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