The North America Implantable Medical Devices Market would witness market growth of 6.2% CAGR during the forecast period (2016 - 2022). The term Implant is used for the devices that replace or support biological structure. Implantable medical devices or tissues are placed inside or on the surface of the body for the replacement of missing biological structure or are used to provide support to the biological structure. Some Implantable devices are made up of metal, plastic ceramic or other materials and some are made from skin, bones or other body tissues. These devices can be placed permanently or temporally and they help in monitoring and treating clinical disorders. Estimates shows that Knee replacement surgeries have grown in the age group of 45-64 over the last decade and half of knee replacements are now in people under 65. According to the American Associations of Hip and Knee Surgeons (AAHKS), “arthritis of the knee and hip is more common in the population, there estimates shows that there may be need for 500,000 hip replacement and 3,000,000 knee replacements each year by the year 2030”. According to the World Health Organization (WHO), “in the United States the average age of a patient who receives a total hip replacement (THR) is just under 68 years of age”.
The key factors driving the growth of the market are growing incidences of cardiovascular diseases, technological advancements, growing acceptance of medical implants, improvement in healthcare infrastructure, and growth in the number of geriatric population.
Based on Country, North America Implantable Medical Devices market is segmented into US, Canada, Mexico and Rest of North America. US remained the dominant Country in the North America Implantable Medical Devices market in 2015. Canada would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Implantable Medical Devices market. Key companies profiled in the report include Abbott Laboratories., Boston Scientific Corporation, Conmed Corporation, Johnson & Johnson, Medtronic Plc, Smith And Nephew Plc, Stryker Corporation, C.R. Bard, Inc., Cardinal health, Inc. and Globus Medical, Inc.
Market Segmentation:
By Material Type
By Product
By Country
Company Profiled
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