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Microelectronic Medical Implants Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

10-27-2023 12:07 PM CET | Health & Medicine

Press release from: Orion Market Research

Microelectronic Medical Implants Market Share, Trends, Future

The global microelectronic medical implants market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). Cardiac implants such as pacemakers use microelectronics to regulate the heart's rhythm, while implantable cardioverter defibrillators (ICDs) detect and treat life-threatening arrhythmias. Deep brain stimulation (DBS) implants use microelectronics to deliver electrical stimulation to specific brain areas, which can be used to treat conditions such as Parkinson's disease and essential tremor. Spinal cord stimulators aid in managing chronic pain and spinal cord injuries, and cochlear implants provide hearing to individuals with severe hearing loss.

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Furthermore, microelectronics are used in insulin pumps to deliver insulin for individuals with diabetes, while implantable drug reservoirs release medication directly to a specific site. Lastly, microelectronic retinal implants are being developed to restore vision to individuals with retinal degenerative diseases. Furthermore, the market's growth is attributed to product development. The CoE can develop biosensors specifically suited for a range of medical uses, such as glucose monitoring, ongoing health monitoring, and early diseases diagnosis. By offering durable, high-quality solutions, these products can help the market for microelectronic medical implants expand. For instance, in January 2023, Intricon, launched a new Biosensors Center of Excellence (CoE). The new CoE provides a vertically integrated business unit that is solely focused on biosensor device knowledge and capabilities on introducing Biosensor gadgets to the medical industry.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product
o By Technology
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Boston Scientific Corp., Cochlear Ltd., Crunchbase, Envoy Medical Corp., LivaNova PLC, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Microelectronic Medical Implants Market Report Segment

By Product

• Pacemakers & Defibrillators
• Neurostimulators
• Implantable Drug Delivery Devices
• Spinal Fusion Stimulators
• Cochlear Implants
• Others(Retinal Implants)

By Technology

• Radiofrequency
• Sensors
• Others (Battery and Power Technologies)

A full report of Microelectronic Medical Implants Market available @ https://www.omrglobal.com/industry-reports/microelectronic-medical-implants-market

Global Microelectronic Medical Implants Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Alleima AB
• Boston Scientific Corp.
• Cochlear Ltd.
• Crunchbase
• Envoy Medical Corp.
• Intricon Corp.
• LivaNova PLC
• Medtronic Prt. ltd.
• Microchip Technology Inc.
• Vivani Medical Inc.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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