LeAnne Smith
Despite initial concerns that the passing of the Affordable Care Act would inhibit growth of the spinal implant market, the additional 30 million patients receiving coverage have helped the market continue to grow.
The reimbursement for this procedure has declined significantly over the years as it has reached its maturity. However, there are over 20.5 million Americans 40 years old and older who are affected by cataracts, so a need remains.
Driven by an aging population and an expanding pool of younger patients, bone-graft substitutes are a $2.5 billion market, which should continue to rise as a result of minimally invasive procedures.
Bariatric surgery has experienced a 16-fold growth in the U.S. within the last 15 years. Reimbursement for gastric band placement and gastric band removal/replacement -- the main types of bariatric procedures -- will increase by 4.5 percent and 6.8 percent respectively in 2014.
Knee replacements now account for over $6 billion in global sales annually, and this number is expected to grow as the population ages and improved accuracy makes younger patients candidates for therapies.
In 2011, total revenue from hip implants in the U.S. was approximately $2.8 billion, and it's projected to grow to $3.3 billion by 2016. The growing use of these implants makes the category an important focus for healthcare organizations that are trying to manage their costs.
Hernia repair is a fairly common procedure, with over one million surgeries performed in the U.S. each year. But reimbursement for hernia repair surgeries is on the decline, which makes securing the best price for surgical mesh a must.