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Implantable Medical Devices


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US demand to increase 7.7% annually through 2015
US demand for implantable medical devices will increase 7.7 percent annually to $52 billion in 2015. These products have benefited from technological advances, and growth is expected to be strong over the forecast period. Next generation devices have increased confidence in orthopedic, cardiovascular and other implants. Demand will also benefit from the lack of alternative treatments for many chronic disorders and injuries. Over the long term, sales for medical implants will be challenged by tightening control by insurance providers over maximum payment for implantations. However, the ability of medical implants to reduce overall treatment cost for many conditions, including osteoarthritis and chronic heart failure, will work in favor of growth for these products.

Orthopedic products to dominate medical implants
Orthopedic implants will remain the largest implantable device segment, both in market value and growth opportunities. US demand for orthopedic implants is forecast to increase 8.8 percent annually to $29.4 billion in 2015, spurred by technological advances and safety enhancements. It will also reflect the growing prevalence of degenerative musculoskeletal disorders, and lifestyle changes that place people at risk for sports and exercise injuries. Improved orthopedic product designs allow less invasive surgeries. At the same time, as products become more durable and longlived, demand will come from an enlarged patient base for new surgeries rather than for replacements. Also challenging this segment over the long term will be advances in pharmaceutical alternatives to treat arthritic conditions. However, the segment will benefit from the high rate of insurance coverage for orthopedic implants, combined with a stable and well-funded medical delivery system.

CRT devices to benefit cardiovascular implants segment
Cardiovascular implants have strong potential to reduce the overall treatment cost for heart disease, and at the same time contribute significantly to improved quality of life. Demand for these devices is expected to expand 5.1 percent yearly to $14.6 billion in 2015. Pacing devices will realize greatest sales, largely due to growth in cardiac resynchronization therapy (CRT). A focus on developing products that reduce mortality and improve patient outcomes has resulted in greater pricing flexibility in an increasingly cost-conscious health care environment. Demand for cardiovascular stents and related devices will follow pacing devices. Fastest growth will be in structural implants, as technological advances in heart valves, ventricularassist devices and implantable monitors encourage greater use.

Wide range of other implants to spur growth
Neurostimulators will continue to represent substantial sales, favorably building on existing applications in neurodegenerative disorders and penetrating indications involving psychiatric disorders. Drug implants will experience greatest growth, with brachytherapy in particular demonstrating rapidly changing applications to treat a wider array of cancers. Ophthalmic implants, for which applications are also extending, will experience significant demand.


PRESS RELEASE

US Demand for Implantable Medical Devices to Reach $52 Billion in 2015

US demand for implantable medical devices is forecast to increase 7.7 percent annually to $52 billion in 2015, benefiting from technological advances and the development of next generation devices that should increase patient and provider confidence in implant products. Demand will also benefit from the lack of alternative treatments for many chronic disorders and injuries. Over the long term, sales for medical implants will be challenged as insurance providers tighten control over implantation costs. However, the ability of medical implants to reduce overall treatment cost for many conditions, including osteoarthritis and chronic heart failure, will work in favor of growth for these products. These and other trends are presented in Implantable Medical Devices, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

Orthopedic implants will remain the largest implantable device segment in market value. US demand for orthopedic implants is forecast to increase 8.8 percent annually to $29.4 billion in 2015, spurred by technological improvements and safety enhancements. Advances will also reflect the growing prevalence of degenerative musculoskeletal disorders and lifestyle changes that place people at risk for sports and exercise injuries. At the same time, as products become more durable and long-lived, demand will increasingly come from an enlarged patient base for new surgeries rather than for replacements. Also challenging this segment over the long term will be advances in pharmaceutical alternatives to treat arthritic conditions. However, the segment will benefit from a strong base of insurance approvals for orthopedic implants, as well as a stable and well-funded medical delivery system and product designs that allow for less invasive surgeries.

Cardiovascular implants have strong potential to reduce the overall treatment cost for heart disease, and at the same time contribute significantly to improved quality of life. Demand for these devices is expected to expand 5.1 percent annually to $14.6 billion in 2015. Pacing devices will realize the greatest sales gains, largely due to growth in cardiac resynchronization therapy (CRT). A focus on developing new generations of pacing devices that reduce mortality and improve patient outcomes has resulted in greater pricing flexibility in an increasingly cost-conscious health care environment. Demand for cardiovascular stents and related devices will be similar to that of demand for pacing devices. The fastest growth will be in structural implants, as technological advances in heart valves, ventricular-assist devices and implantable monitors will encourage greater use.

  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table IMPLANTABLE MEDICAL DEVICE DEMAND (million dollars)
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Outlook
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)*
    • Demographic Patterns
      • Table POPULATION BY AGE GROUP (million persons)
    • Health Care Trends
      • Health Insurance
        • Table HEALTH INSURANCE COVERAGE OF THE US POPULATION (million enrollees)
      • Medical Conditions
        • Table ACUTE CONDITIONS BY TYPE (million conditions)
        • Table CHRONIC CONDITIONS BY TYPE (million conditions)
        • Table CARDIOVASCULAR CONDITIONS BY TYPE (million conditions)
        • Table ORTHOPEDIC CONDITIONS BY TYPE (million conditions)
      • National Health Expenditures
        • Table NATIONAL HEALTH EXPENDITURES BY TYPE (billion dollars)
      • Medical Providers
        • Table MEDICAL PROVIDERS BY TYPE
      • Patient Activity
        • Table PATIENT ACTIVITY BY TYPE & VOLUME
    • Implant Procedures
      • Table MEDICAL IMPLANT PROCEDURES BY TYPE (thousand)
      • Orthopedic Procedures
      • Cardiovascular Procedures
      • Other Implant Procedures
    • Regulatory Considerations
    • Historical Market Trends
      • Table IMPLANTABLE MEDICAL DEVICES -- HISTORICAL MARKET, 2000-2010
    • Pricing Trends
    • US Trade
      • Table US TRADE IN IMPLANTABLE MEDICAL DEVICES (million dollars)
    • International Markets
    • Product Overview
      • Table IMPLANTABLE MEDICAL DEVICE DEMAND BY PRODUCT GROUP (million dollars)
  • ORTHOPEDIC IMPLANTS
    • General
      • Table ORTHOPEDIC IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
    • Reconstructive Joint Replacements
      • Table RECONSTRUCTIVE JOINT REPLACEMENTS DEMAND BY TYPE (million dollars)
      • Knee Replacements
        • Table RECONSTRUCTIVE KNEE REPLACEMENTS DEMAND BY TYPE (million dollars)
      • Hip Replacement Implants
        • Table RECONSTRUCTIVE HIP REPLACEMENTS DEMAND BY TYPE (million dollars)
      • Other Reconstructive Joint Replacements
        • Table OTHER RECONSTRUCTIVE JOINT REPLACEMENTS DEMAND BY PRODUCT GROUP (million dollars)
    • Spinal Implants
      • Table SPINAL IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Thoracolumbar Implants
        • Table THORACOLUMBULAR IMPLANTS DEMAND BY APPLICATION (million dollars)
      • Intervertebral Spacers
        • Table INTERVERTEBRAL SPACERS DEMAND BY TYPE (million dollars)
      • Motion Preservation Devices
        • Table MOTION PRESERVATION DEVICE DEMAND (million dollars)
      • Cervical Implants
        • Table CERVICAL IMPLANTS DEMAND BY APPLICATION (million dollars)
      • Implantable Spinal Stimulators
        • Table IMPLANTABLE SPINAL STIMULATORS DEMAND (million dollars)
    • Orthobiologics
      • Table ORTHOBIOLOGICS DEMAND BY PRODUCT GROUP (million dollars)
      • Hyaluronic Acid
        • Table HYALURONIC ACID DEMAND (million dollars)
      • Bone Substitutes
        • Table BONE SUBSTITUTES DEMAND (million dollars)
      • Bone Growth Factors
        • Table BONE GROWTH FACTORS DEMAND (million dollars)
      • Bone Cement
        • Table BONE CEMENT DEMAND (million dollars)
      • Tissue Implants
        • Table TISSUE IMPLANTS DEMAND (million dollars)
    • Trauma Implants
      • Table TRAUMA IMPLANT DEVICE DEMAND BY PRODUCT GROUP (million dollars)
      • Internal Fixation Devices
        • Table INTERNAL FIXATION DEVICE DEMAND BY APPLICATION (million dollars)
      • Craniomaxillofacial Implants
        • Table CRANIOMAXILLOFACIAL IMPLANTS DEMAND (million dollars)
      • Implantable Trauma Stimulators
        • Table IMPLANTABLE TRAUMA STIMULATORS DEMAND (million dollars)
    • Dental & Other Implants
      • Table DENTAL & OTHER IMPLANTS DEMAND (million dollars)
  • CARDIOVASCULAR IMPLANTS
    • General
      • Table CARDIOVASCULAR IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
    • Pacing Devices
      • Table PACING DEVICES BY PRODUCT GROUP (million dollars)
      • Cardiac Resynchronization Therapy Devices (CRTs)
        • Table CARDIAC RESYNCHRONIZATION THERAPY DEVICES (CRT) DEMAND
      • Implantable Cardioverter Defibrillators (ICDs)
        • Table IMPLANTABLE CARDIOVERTER DEFIBRILLATORS (ICD) DEMAND BY TYPE (million dollars)
      • Implantable Cardiac Pacemakers (ICPs)
        • Table IMPLANTABLE CARDIAC PACEMAKERS (ICP) DEMAND BY TYPE
      • Pacing Accessories
        • Table PACING ACCESSORIES DEMAND BY PRODUCT GROUP (million dollars)
    • Cardiac Stents & Related Implants
      • Table CARDIAC STENTS & RELATED IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Coronary Stents
        • Table CORONARY STENTS DEMAND BY TYPE (million dollars)
        • Table DRUG-ELUTING STENT DEMAND
        • Table BARE-METAL CORONARY STENTS DEMAND
      • Peripheral Stents
        • Table PERIPHERAL STENTS DEMAND BY PRODUCT GROUP (million dollars)
        • Table ENDOVASCULAR STENT GRAFTS DEMAND
        • Table RENAL & RELATED STENTS DEMAND
        • Table FEMORAL & RELATED STENTS DEMAND
        • Table CAROTID STENTS DEMAND
      • Stent-Related Implants
        • Table STENT-RELATED IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
        • Table SYNTHETIC GRAFTS DEMAND
        • Table VENA CAVA FILTERS DEMAND
    • Structural Cardiac Implants
      • Table STRUCTURAL CARDIAC IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Heart Valves & Accessories
        • Table HEART VALVES & RELATED ACCESSORIES DEMAND BY TYPE (million dollars)
      • Ventricular-Assist Devices
        • Table VENTRICULAR-ASSIST DEVICES (VAD) DEMAND (million dollars)
      • Implantable Heart Monitors
        • Table IMPLANTABLE HEART MONITORS DEMAND (million dollars)
  • OTHER MEDICAL IMPLANTS
    • General
      • Table OTHER IMPLANTABLE MEDICAL DEVICE DEMAND BY PRODUCT GROUP (million dollars)
    • Neurological Stimulators
      • Table IMPLANTABLE NEUROLOGICAL STIMULATORS DEMAND (million dollars)
    • Ophthalmic Implants
      • Table OPHTHALMIC IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Intraocular Lenses
      • Glaucoma & Other Lenses
    • Gynecological Devices
      • Table GYNECOLOGICAL IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Soft Tissue Repair
      • Intrauterine Devices
    • Drug Implants
      • Table DRUG IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Hormonal Implants
      • Brachytherapy Products
      • Implantable Drug Pumps
    • Otolaryngeal Implants
      • Table OTOLARYNGEAL IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Cochlear Implants
      • Airway & Esophageal Stents
      • Other Otolaryngeal Implants
    • Cosmetic Implants
      • Table COSMETIC IMPLANTS DEMAND BY TYPE (million dollars)
      • Breast Implants
      • Other Cosmetic Implants
    • Gastroenterological Implants
      • Table GASTROENTEROLOGICAL IMPLANTS DEMAND BY PRODUCT GROUP (million dollars)
      • Gastric Bands
      • Biliary Stents
      • Other Gastroenterological Implants
    • Urological Implants
      • Table UROLOGICAL IMPLANTS DEMAND BY TYPE (million dollars)
      • Penile & Testicular Implants
      • Other Urological Devices
    • All Other Implantable Medical Devices
      • Table ALL OTHER IMPLANTABLE MEDICAL DEVICES (million dollars)
  • INDUSTRY STRUCTURE
    • General
      • Table US IMPLANTABLE MEDICAL DEVICES SALES BY COMPANY, 2010 (million dollars)
    • Market Share
    • Competitive Strategies
    • Mergers & Acquisitions
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Licensing & Related Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Research & Development
    • Marketing & Distribution
    • Manufacturing
    • Company Profiles
      • Abbott Laboratories
      • Allergan Incorporated
      • Bard (CR) Incorporated
      • Bausch & Lomb Incorporated
      • Biomet Incorporated
      • Boston Scientific Corporation
      • Edwards Lifesciences Corporation
      • Endo Pharmaceuticals Holdings Incorporated
      • General Electric Company
      • Gore (WL) & Associates Incorporated
      • Johnson & Johnson
      • Medtronic Incorporated
      • Merck & Company Incorporated
      • Novartis AG
      • Orthofix International NV
      • Smith & Nephew plc
      • Sorin SpA
      • St. Jude Medical Incorporated
      • Stryker Corporation
      • Synthes Incorporated
      • Thoratec Corporation
      • Tornier NV
      • Wright Medical Group Incorporated
      • Zimmer Holdings Incorporated
    • Other Companies Mentioned in Study

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