IMPLANTABLE MEDICAL DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Technological advancements in cardiac implant to drive the implantable medical devices market

New technology in the implantable medical devices with various benefits is the major factor driving the growth of the market. For instance, novel technology of patient specific implants using 3D technology and sculptural CAD, have numerous benefits over off-the-implants. Development of next generation devices, upsurge in regulatory approval for clinical trials, rise in neurological disorders in geriatric population, and improved clinical outcome are some of the other important factors that is helping in fuelling the growth of implantable medical devices market. The demand of implantable medical devices also increasing due to lack of alternative treatments for many severe disorders and injuries. The ability of implantable medical devices to reduce the treatment cost for many chronic disorders is expected to enhance the growth of implantable medical devices market.  However, the implantable medical devices market restraints due to the price pressure from insurance providers and government as they have tighten control over implantation costs.