Increasing Prevalence of Chronic Disorders and Adoption of 3D Printing In Developing Implantable Medical Devices to Boost Growth of US Implantable Medical Devices
The
US implantable medical devices market is driven by several factors such as increasing
prevalence of chronic disorders. According to the American Heart Association 2019
Heart Disease and Stroke Statistics, around 5.3 million people in the U.S.
suffer from atrial fibrillation and around 795,000 people have a new or
recurrent stroke annually. Examples of
implantable devices include, cardiac pacemakers, implantable cardiac
defibrillators, coronary stents, hip implants, interocular lenses, and
implantable insulin pumps.
Implants
and stents are two of the newest medical products available. While implantable
cardiac pacemakers and implantable stents are the latest offerings in the
medical field, cardiac stents have been around for a number of years. Stents
are used to control abnormal heart rhythm, which can result in heart failure or
even death in some cases. The demand for stents is expected to increase, owing
to high prevalence of cardiovascular diseases. Cardiovascular
diseases are the leading cause of death in Germany, causing a total of
approximately 40% of all deaths. The market in Germany is also witnessing
increasing adoption of 3D printing in developing implantable medical devices.
For instance, in April 2020, SLM Solutions, a Germany-based metal 3D printing company,
entered into a strategic partnership with Canwell Medical, a medical device
manufacturer based in China, for the development of 3D printed surgical
implants.
Defibrillators
and implantable defibrillators are in high demand in US
implantable medical devices market for use in the treatment and
management of medical conditions such as heart disease and arrhythmia.
Defibrillators are used for stimulation of heart during emergency operations
and cardiac arrest. These devices help to improve the overall function and
safety of surgery for those suffering from these medical conditions. Before
selecting a medical device, it is important that patients discuss the
implantable components and their expected benefits with their surgeons and
cardiologists.
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