Market Research Future published a research report on Microelectronic Medical Implants Market Research Report - Global Forecast To 2022 Report gives a clear picture of current market scenario which includes past and estimated future market size. The report provides detail information and strategies of top key players in the industry. The report also gives a broad study about different markets segments and regions.
is expected to grow at a CAGR of 9.1% over the forecast period of 2018-2022, reveals a research report published by Market Research Future (MRFR). The market has observed rapid growth on account of rising prevalence of cardiac disorders such as cardiac arrest, heart failure, artery diseases, stroke. Such cardiac diseases accelerate the demand for medical implants such as Pacemakers, Defibrillators, and Neurostimulators which positively impact the market growth. Growth in incidences of other chronic diseases such as epilepsy and Parkinson's disease also add to market growth.
The global microelectronic medical implants market has been segmented based on product and application. By product, the market has been segmented into neurostimulators, drug infusion pumps, and others. By application, the market has been segmented into pacemakers, defibrillators, neurostimulators, spinal fusion stimulators, implantable drug pumps, hearing implants, eye implants, ocular implants and others.
The key markets of the global microelectronic medical implants market include North America, Europe, Asia Pacific and the Middle East & Africa. North America accounts for the largest share of the market owing to favorable government policies and growing incidences of cardiac diseases in the region and is expected to grow at a CAGR of 8.7% over the forecast period. Europe follows North America closely and is expected to grow at a CAGR of 8.9% over the forecast period. Asia Pacific is slated to emerge as the fastest growing market owing to the growing healthcare sector and increased medical expenditure in the region. Moreover, the region has a large patient pool which provides growth opportunities in the future.
The global microelectronic medical implants market is highly competitive and is characterized by the presence of many established players. The key players functioning in the market include Abiomed Inc, Cyberonics Inc., Medtronic Inc., Neuropace Inc., St. Jude Medical Inc., Biomet Inc., Envoy Medical, Microsemi Corporation., Retina Implant AG, Worldheart Corporation and others. The key players are implementing various strategies such as partnership, mergers, acquisition, product launches to sustain their position in the market.
Get Microelectronic Medical Implants Market Information, by Product (Neurostimulators, Drug Infusion Pumps), by Application (Pacemakers, Defibrillators, Neurostimulators, Spinal Fusion Stimulators, Implantable Drug Pumps) - Forecast till 2022 @
In April 2018, Chinese orthopedic implant maker AK Medical Holdings Limited acquired JRI Orthopedics Limited, a UK-based orthopedic supplier. The acquisition is a long-term growth initiative and will help the company expand its product portfolio.
In July 2018, a technology group SCHOTT and Primoceler joined forces to produce vacuum-tight, ultra-miniature electronic and optical devices with superior reliability.
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