After more than 50 years of using silicone rubber in medical implants, the number of applications for the material’s use in both short- and long-term implantable medical devices just keeps growing. With its long track record of biocompatibility, medical-grade silicone is being used in a range of implantable devices with critical functions, such as defibrillators, heart pumps and surgical reconstructive components.
Transparency Market Research estimates that sales by U.S. manufacturers in the global implantable medical devices market will reach $73.9 billion by 2018, for a compound annual growth rate of 8% from 2012 to 2019.
The firm studied U.S. manufacturers of implantable devices in the following categories.
- Orthopedic implants
- Reconstructive joint replacement
- Spinal implants
- Cardiovascular implants
- Dental implants
- Intraocular lens
- Breast implants
- Other implants
“Amongst these, on the basis of market value and growth opportunity, orthopedic implants will lead the market in the forecast horizon.” Transparency Market Research reports.
