Increasing Prevalence of Chronic Disorders and Adoption of 3D Printing In Developing Implantable Medical Devices to Boost Growth of US Implantable Medical Devices

 

U.S. 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.


Location: India

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