Cardiac implant devices is valued $30,539million in the year 2017 and is expected to grow at a CAGR of 12.5% from 2018-2023.
The orthotic devices market is estimated to grow at a CAGR of 5.25% during the forecast period 2018-2023. The Asia-Pacific orthotic devices market is forecast to grow at a CAGR of 8.14%, which can be mainly attributed to the technological advances in bulk manufacturing of OTC orthotics.
The global cardiology surgical & interventional cardiology device market is expected to show a high growth rate exceeding 8% over the period 2014 to 2020.
The Foot and Ankle Device market is poised to grow in a strong manner during the forecast period of 2014-2020. The demand will increase due to growing geriatric population who is most prone to foot and ankle related disorders.
The American region holds the largest market share and growth in the Bariatric devices Market and is anticipated to reach $1.9 billion by 2023 at a CAGR of 8.2%.
According to a recent report UltraShape is recognized as a best body-contouring treatment as it painlessly and permanently destroys fat in the abdominal area where fat is most resistant to diet and exercise. The global market for body contouring devices will continue to evolve over next years due to growing obesity rates, increased aesthetic consciousness, and consumer awareness of procedures and introduction of non-invasive procedures.
In Asia, the population above 65 years of age is expected to touch 440 million by 2020. The incidence of fractures is more prevalent in the geriatric population due to increase in bone related disorders in the old age. The rise in demand for treatment of fractures will provide strong impetus to the bone growth stimulator market in the region.
The 3D-Printed insoles is going to change the market dynamics with its ability to make the entire manufacturing process relatively easier and hassle free with a solid growth rate of 30.36% during the forecast period.