Microelectronic Medical Implants Market is expected to grow at steady pace at the CAGR of 7.8% by 2022

Market Highlights:

It has been noted that global microelectronic medical implants market is growing at rapid pace and is expected to grow at steady pace at the CAGR of 7.8%. Globally there is huge demand for Microelectronic medical implants in various regions. The market for microelectronic medical implants has been on rise over the past many years. Even though microelectronic medical implants are used in life science and medical research for centuries, the intensity of innovation has not died down.

Currently, there is wide range of microelectronic products available that are used in medical device in the market. The rapid advances in electronics and sensors, information technology and telecommunications have led to the advancement of microelectronic medical implants. The technologies that are enabling innovations today, have created opportunities for growth of these devices in coming future.

Major Key Players:

  • Abiomed Inc (U.S)
  • Biomet Inc. (U.S)
  • Cyberonics Inc.(U.S)
  • Envoy Medical (U.S)
  • Medtronic Inc (Ireland)
  • Microsemi Corporation.(U.S)
  • Neuropace Inc. (U.S)
  • Retina Implant AG (Germany)
  • Jude Medical Inc.(U.S)
  • Worldheart Corporation. (U.S)

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Furthermore, astounding advancement in microelectronics, packaging, electrode technology, and biomedical signal processing, dynamic implantable therapeutic devices have formed into cutting edge frameworks, utilizing wireless telemetry for transmission of information and sometimes power. Neuroengineering, the use of building procedures to comprehend, repair, supplant, upgrade, or exploit the properties of neural systems, is a topic that is at present creating impressive enthusiasm for the research community.

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: “The global microelectronic medical implants market is growing at the CAGR of around 9.1% and is expected to reach approximately USD 36.8 billion by the end of the forecast period 2016-2022. Neurostimulators market is the largest segment of microelectronic medical implants by product. The high growth of this market is mainly attributed to factors such as; increasing demand for the advancement in the technology for focusing on nanotechnology and life science research. For instance, developments in nano-materials engineering is strongly dependent on how precisely these particles can be seen in the relevant structures and how they change during a process. This puts serious demands on tailored analytical tools ranging from imaging, microscopy, tomography and spectroscopy with highest spatial resolution. Growing research and developments activities in several application areas in which these devices are potentially used has shoot up the growth of the market.”

Test the market data and market information presented in more than 50 market data tables and figures spread over 80 pages of the project report. Go through the in-depth table of content (TOC) & market synopsis on “Global Microelectronic medical implants Market Research Report -Forecast till 2022.”

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Regional analysis

As per Market Research Future analysis, the global microelectronic medical implants market has grown tremendously in Asia-Pacific, North America, Europe and Middle East & Africa region. Geographically, North America holds the largest share of more than 43% of microelectronic medical implants market and is expected to be the leading market during 2016-2022. North America holds the largest share of more than 43% of microelectronic medical implants market and is expected to be the leading market during 2016-2022. North America market for microelectronic medical implants is growing due to increasing investment in research and development in these region by the governments. Moreover high frequency of cardiac diseases and favorable government policies is further influencing the market in the region. Furthermore, new development in semiconductors industry in the developed countries has derived the growth of this market.

After North America region, Europe market is the second largest market in the global microelectronic medical implants market. Increasing focus on R&D in nanotechnology and life sciences industries coupled with large federal and corporate funding serves as a significant driver for this region.  Whereas Asia Pacific region is expected to be the fastest growing market due to developing countries taking initiatives in the advancement of  microelectronic medical implants.

Segments:       

Global microelectronic medical implants market has been segmented on the basis of product which comprises neurostimulators, drug infusion pumps and others. On the basis of application, the market is segmented into pacemakers, defibrillators, neurostimulators, spinal fusion stimulators, implantable drug pumps, hearing implants, eye implants, ocular implants and others.

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Brief TOC

1      Introduction

1.1    Definition

1.2    Scope of Study

1.3    Research Objective

1.4    Assumptions & Limitations

1.5    Market Structure:

2      Research Methodology

2.1    Research Process

2.2    Primary Research

2.3    Secondary Research

3      Market Dynamics

3.1    Drivers

3.2    Restraints

3.3    Opportunities

3.4    Challenges

3.5    Macroeconomic Indicators

Continued…

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