Global microelectronic medical implants market is expected to witness remarkable growth over the forecast period due to increasing incidences of cardiac disorders, epilepsy and Parkinson’s disease.
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Microelectronic Medical Implants Market Analysis, Size, Segment To 2022 by Grand View Research, Inc.
1. Microelectronic Medical Implants Market Analysis By
Product (Neurostimulators and Drug Infusion Pumps)
Application (Spinal Fusion Stimulators, Pacemakers,
Hearing Implants, Eye Implants) and Segment Forecasts To
2022
Global microelectronic medical implants market is expected to witness remarkable
growth over the forecast period due to increasing incidences of cardiac disorders,
epilepsy and Parkinson’s disease. Medical implants of microelectronic components
are induced in patient’s body to achieve desired physiological response. Enhanced
safety and higher efficiency rate are expected to further drive the market demand
for these devices. Pipeline products awaiting approval by the regulatory authority
may further enhance the market opportunities for microelectronic implants market.
2. For More Information on "Microelectronic Medical Implants Market
Research Reports" visit - http://www.grandviewresearch.com/industry-
analysis/microelectronic-medical-implants-market
The microelectronic medical implants market is segmented on the basis of products
as neurostimulators and drug infusion pumps. Neurostimulators are based on
pacemakers and are used in various implants such as deep brain stimulator, drug
delivery, spinal cord stimulators, pain management implants, brain monitors, vagus
nerve stimulators and cochlear stimulators. Neurostimulators such as hearing
implants and implantable drug pumps are expected to gain larger market share over
the forecast period.
On the other hand, drug infusion pumps, manufactured through sensors on chip
technology, miniaturization of mechanical components and circuitry of medical
devices are expected to gain significant market growth in the near future.
3. The pumps inject fluid into patient’s circulatory system as they produce quite high
but controlled pressures. The pressures are controlled by machines or manually by
patients also but it avoids the problem of tampering by patients as the devices
display only a small subset of features. Microelectronic medical implants are found
in pacemakers, spinal infusion stimulators, hearing implants and eye implants.
North America held the highest share pertaining to factors such as high incidences
of cardiac diseases and favorable government policies. European market is
expected to witness a higher market growth owing to increasing geriatric
population base. Rise in disposable income and high prevalence of cardiac
disorders in India and China may speed up the growth of microelectronics market
in Asia pacific region.
Some prominent players in microelectronics medical implants market are Abiomed
Inc., Cyberonics Inc., Worldheart Corporation, Biomet Inc., Retina Implant AG,
Medtronic Inc., St. Jude Medical Inc., Neuropace Inc., Sound Tec Inc. and Envoy
Medical. Companies are adopting advanced patient monitoring techniques to
improve maintenance of health records and better patient management.
4. There exists tremendous opportunities for those industry players who are striving
to develop extensive techniques using less power and offering wide area of
operations.
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