Demand for implantable medical devices in the United States is projected to increase 7.7 percent annually to $52 billion in 2015, according to a new Freedonia report.
The study, which analyzes the $36 billion U.S. implantable medical device, projects orthopedic implants to be one of the fastest growing and remain the largest segment.
Pacing devices are expected to lead gains among cardiovascular implants. Neurostimulators and drug implants are also expected to see strong growth.
Medical implant sales will face challenges presented by attempts from payors to tighten control over maximum payment for implantations, but the study indicates the cost-savings opportunities presented through the use of implants will help with growth, according a news release on the Freedonia report.
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