Medical device industry
Many millions of people worldwide rely on medical implants or devices to help improve their health and quality of life affected by disease, trauma or congenital disease. For example, cardiac pace makers are implanted in patients with problems of cardiac rhythm management. Similarly, implants based on synthetic polymers are used in orthopedics, urology, and reconstruction surgery. Devices such as cardiac pace makers require continuous performance over a long period of time, and the materials used to fabricate such devices need to have the biocompatibility and biostability along with mechanical durability for optimum device performance.
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The global medical device industry is a multi-billion dollar industry, with the end device market in 2006 estimated to be in excess of £89 billion per annum.