Implantable Medical Devices Market - U.S. Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018 A new Transparency Market Research report states that the U.S implantable medical devices market stood at US$43.1 bn in 2011 and is predicted to reach US$73.9 bn by 2018. It is predicted to expand at a CAGR of 8.0% from 2012 to 2018. The title of the report is “Implantable Medical Devices Market - U.S. Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 2018.� Medical implant devices are specially manufactured to be used as a replacement to broken or missing pieces in the human body. They are also used as support devices that help bones and tissues regrow after an injury. This is unlike a medical transplant, where surgical procedure is applied to replace an organ with another, natural organ. In the case of implantable medical devices, the implanted organs are artificial and there are even cases where the implant is not intended to stay inside the body beyond a certain point.
The U.S. implantable medical devices market is on its way to reach a value of US$33.6 bn by the end of 2019, exhibiting a CAGR of 4.10% within a forecast period from 2013 to 2019. Poised at US$25.2 bn in 2012, the U.S. implantable medical devices market could reach US$33.6 bn by 2019. Demand for Implants Increases Hand in Hand with Rising Geriatric Demographic The primary reason one would need to avail surgical assistance and install implants would be the loss of an organ due to damage or age-related deterioration. The key drivers of the U.S. implantable medical devices market will therefore be factors that increase the number of patients that will need implant devices. The expansion of the geriatric demographic has long been a major contributor to the revenue of various healthcare-related industries, including the U.S. implantable medical devices market. The baby boomer era is slowly drawing to a close, which is increasing the percentage of elderly people around the world. Meanwhile, the cosmetic implant devices market continues to show a rapid growth rate thanks to the improving standards of living among upper- and middle-class society; a larger percentage of the youth can now afford cosmetic implants. Another segment of the U.S. implantable medical devices market that is experiencing a major upswing is dental implants. Permanent denture