Micro-Electronic Medical Implants Market and COVID-19 Impact Analysis By Medtronic, Abbott (St. Jude Medical, Inc.), Boston Scientific Corporation, Zimmer Biomet, BIOTRONIK, NeuroPace, Sonova, LivaNova Cochlear, and ABIOMED among others.

The Insight Partners analysts forecast the latest report on “Global Micro-Electronic Medical Implants Market (Covid-19) Impact and Analysis by 2027”, according to report; The Micro-Electronic Medical Implants Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Micro-Electronic Medical Implants Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Micro-Electronic Medical Implants Market.

The global micro-electronic medical implants market is expected to reach US$ 59,561.4 Mn in 2027 from US$ 27,461.2 Mn in 2018. The market is estimated to grow with a CAGR of 9.4% from 2019-2027.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Micro-Electronic Medical Implants Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology

The reports cover key developments in the Micro-Electronic Medical Implants Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

Some of the Major Market Players Are:

• Medtronic
• Abbott (St. Jude Medical, Inc.)
• Boston Scientific Corporation
• Zimmer Biomet
• BIOTRONIK, Inc.
• NeuroPace, Inc.
• Sonova
• LivaNova PLC
• Cochlear, Ltd.
• ABIOMED

The report analyses factors affecting the Micro-Electronic Medical Implants Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Micro-Electronic Medical Implants Market in these regions.

Moreover, the report entails the estimate and analysis for the Micro-Electronic Medical Implants Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Micro-Electronic Medical Implants Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

Strategic Insights

Product approvals and agreements were observed as the most adopted strategy in global micro-electronic medical implants industry. Few of the recent product key developments are listed below:

2019: BIOTRONIK announced FDA approval of the Acticor and Rivacor high-voltage cardiac rhythm management (CRM) device families for treatment of patients with cardiac arrhythmias. The six new tachycardia solutions include Rivacor VR-T, Rivacor DR-T, Rivacor HF-T QP, Acticor DX, Acticor CRT-DX Bipolar and Acticor CRT-DX.

2018: Medtronic received United States Food and Drug Administration (FDA) approval for its HVAD System. HVAD System is the smallest commercially available left ventricular assist device (LVAD) for patients with advanced heart failure. It is the only LVAD approved in the U.S. for implant via thoracotomy.

2017: Cochlear Ltd announced its strategic collaboration with Sensorion a biotech company. The collaboration will evaluate therapeutic approaches using SENS-401 in combination with cochlear implants. This collaboration has the potential to be transformational for both partners, as well as for patients suffering from hearing loss

MICRO-ELECTRONIC MEDICAL IMPLANTS – MARKET SEGMENTATION

By Product

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

By Technology

• Radiofrequency
• Sensors
• Others

By Material

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

By Application

• Cardiology
• Neurology
• Ophthalmology
• Oncology
• Others

By End User

• Hospitals and Clinics
• Ambulatory Surgical Centres
• Others

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Micro-Electronic Medical Implants Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Micro-Electronic Medical Implants Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Micro-Electronic Medical Implants Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Market Insights

Increasing burden of cardiovascular, neurological and hearing diseases is expected to boost the market growth over the years

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. In 2017, according to the World health organization, the increasing prevalence of cardiovascular diseases is the major cause of death all over the world. Moreover, it was mentioned that 17.9 million people across the globe died due to cardiovascular diseases in 2016. Furthermore, rising neurological disorders like Alzheimer’s disease, Parkinson’s disease, epilepsy and others, drive the demand for microelectronic medical implants. According to the Alzheimer's Association in 2017, around 44 million people have Alzheimer’s or other related dementia worldwide. According the World Health Organization (WHO), nearly 466 million people have disabling hearing loss worldwide, in 2018. It also predicted that by 2050, over 900 million people will suffer from disabling hearing loss. Thus, such high prevalence of cardiovascular diseases, neurological disorders and hearing disorders globally is anticipated to lead the market growth in the coming years.

Major Features of Micro-Electronic Medical Implants Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Micro-Electronic Medical Implants market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Micro-Electronic Medical Implants market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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