Micro-Electronic Medical Implants Market Estimated to Flourish by 2027 | Medtronic, Abbott, Zimmer Biomet, BIOTRONIK, NeuroPace, Sonova, LivaNova and Cochlear

Rising incidence of cardiovascular, neurological and hearing disorders is driving the market for micro-electronic medical implants over the forecast period.

Micro-Electronic Medical Implants Market is expected to reach US$ 59,561.4 Mn in 2027 from US$ 27,461.2 in 2018. The market is estimated to grow with a CAGR of 9.4% from 2019-2027. The report highlights the trends prevalent in the global micro-electronic medical implants market and the factors driving the market along with those that act as deterrents to its growth.

The micro-electronic medical implants market by product is segmented into pacemakers & defibrillators, neurostimulators, implantable drug pumps, cochlear implants, ocular implants, retinal implants, and others. In 2018, the pacemakers and defibrillators segment held a largest market share of 32.0% of the micro-electronic medical implants market, by product. This segment is also expected to dominate the market in 2027 due to the increasing incidence of cardiovascular diseases and rise in cardiac-implant procedures. On the other hand, the cochlear implants segment is anticipated to witness the fastest growth rate of 10.1% during the forecast period, 2019 to 2027 owing to the rising demand of products and technological development in hearing aids and implant technology.

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The increasing technological advancements have opened more opportunities of developing new and innovative medical implant devices with advanced electrical properties that can improve diagnosis and treatment of previously intractable conditions such as, cardiovascular diseases, neurological disorders, hearing disorders and others. Medical implantable devices like pacemakers, cochlear implants, ventricular assist devices, spinal cord stimulators and others, are used to treat these conditions.

Major Players Included in this report are as follows:

1. Medtronic
2. Abbott (St. Jude Medical, Inc.)
3. Boston Scientific Corporation
4. Zimmer Biomet
5. BIOTRONIK, Inc.
6. NeuroPace, Inc.
7. Sonova
8. LivaNova PLC
9. Cochlear, Ltd.
10. ABIOMED

Micro-Electronic Medical Implants Market: Competitive Landscape-

Analysts have thoroughly evaluated the competitive landscape in the Micro-Electronic Medical Implants Market. The report includes the study of key players in the Micro-Electronic Medical Implants Market. It also outlines the strategic initiatives companies have taken in recent years to keep pace with increasing competition. It also includes an assessment of the financial perspectives of these companies, their research and development plans, and their future business strategies.

Micro-Electronic Medical Implants Market: Drivers and Restraints-

The comprehensive market assessment of Micro-Electronic Medical Implants contains a complete explanation of the controls available on the market. Analysts have studied investment in research and development, the impact of changing economies, and consumer behaviour to determine the factors that will drive the market in general. In addition, analysts have attempted to take into account changes in manufacturing and industrial operations that determine product sales in the Micro-Electronic Medical Implants Market.

The report segments the global micro-electronic medical implants market as follows:

Global Micro-Electronic Medical Implants Market - By Product

Pacemakers & Defibrillators
Neurostimulators
Implantable Drug Pumps
Cochlear Implants
Ocular Implants
Retinal Implants
Others

Global Micro-Electronic Medical Implants Market - By Technology

Radiofrequency
Sensors
Others

Global Micro-Electronic Medical Implants Market - By Material

Metals
Titanium
Stainless Steel
Platinum
Gold Brazed Alloys
Other Metals
Polymers
Ceramics

Global Micro-Electronic Medical Implants Market - By Application

Cardiology
Neurology
Ophthalmology
Oncology
Others

Global Micro-Electronic Medical Implants Market - By End User

Hospitals and Clinics
Ambulatory Surgical Centers
Others

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Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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The Insight partners,
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Website: www.theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.