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.
Browse the full report description of “Microelectronic Medical Implants Market Size, Share & Trends Analysis Report by Product (Pacemakers & Defibrillators, Neurostimulators, Implantable Drug Delivery Devices, Spinal Fusion Stimulators, Cochlear Implants, and Others), and by Technology (Radiofrequency, Sensors, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/microelectronic-medical-implants-market
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
By Technology
Global Microelectronic Medical Implants Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/microelectronic-medical-implants-market