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Many of us old enough to recall the 1970s TV show "The Six Million Dollar Man," know it was about a guy severely injured in a plane crash who was subsequently "rebuilt" in a high-tech, clandestine medical procedure costing six million dollars.
Back then it was practically all fiction, but today cardiac implants, joint replacements and other "bionic" limbs and devices are readily available. And according to a recent survey they're increasingly popular - particularly with baby boomers. This is infact, an increasingly exciting prospect in the Health Care industry.
ChangeWave's survey of 148 doctors involved with "bionic" devices, looked at current and future demand trend for joint replacements, cardiac implants and other types of body repair and correction medical products. In 2008, it is estimated that joint repair/replacement devices will have the largest growth.
In the coming 12-24 months, there are various breakthroughs expected, with Joint Repair/Replacement Devices (31%), along with Prosthetic Limbs (30%) heading the list of devices most likely to experience technology breakthroughs going forward. Dental Implants (25%), Vision Correction Devices (23%) and Back/ Spine Repair & Replacement solutions (21%) are also in the picture right now.