Global Microelectronic Medical Implants Market Growth 2023-2029

Global Microelectronic Medical Implants Market Growth 2023-2029

Microelectronic medical implant is any sort of medical device that involves microelectronic components and is placed inside the body of the patient to achieve the desired physiological response. The microelectronic medical implants market has come a long way since the introduction of the first pacemaker in the 1970s.

Some of the major products such as neurostimulators have derived their technology directly from that of pacemakers. Other devices such as drug infusion pumps have been developed on sensors-on-chip technology and miniaturization of mechanical components and circuitry of Medical Devices.

LPI (LP Information)' newest research report, the “Microelectronic Medical Implants Industry Forecast” looks at past sales and reviews total world Microelectronic Medical Implants sales in 2022, providing a comprehensive analysis by region and market sector of projected Microelectronic Medical Implants sales for 2023 through 2029. With Microelectronic Medical Implants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microelectronic Medical Implants industry.

This Insight Report provides a comprehensive analysis of the global Microelectronic Medical Implants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microelectronic Medical Implants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Microelectronic Medical Implants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microelectronic Medical Implants and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microelectronic Medical Implants.

The global Microelectronic Medical Implants market size is projected to grow from US$ 35060 million in 2022 to US$ 54610 million in 2029; it is expected to grow at a CAGR of 54610 from 2023 to 2029.

Market competition is not intense. Medtronic, St. Jude Medical (Abbott), Boston Scientific, Cochlear, Biotronik, Sorin, Abiomed and MED-EL, etc. are the leaders of the industry, with about 73% market shares.

North America is the largest consumption place, with a consumption market share nearly 47%. Following North America, Europe is the second largest consumption place with the consumption market share of 29%.

This report presents a comprehensive overview, market shares, and growth opportunities of Microelectronic Medical Implants market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Cardiac Implants

Neurostimulators

Implantable Infusion Pumps

Cochlear Implants

Others

Segmentation by application

Pain Management

Cardiac Rhythm Management

Parkinson’s Disease

ENT

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Medtronic

St. Jude Medical (Abbott)

Boston Scientific

Cochlear

Biotronik

Sorin

Abiomed

MED-EL

Nevro

Sonova

Zimmer Biomet

Codman & Shurtleff (J&J)

Lepu

Key Questions Addressed in this Report

What is the 10-year outlook for the global Microelectronic Medical Implants market?

What factors are driving Microelectronic Medical Implants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Microelectronic Medical Implants market opportunities vary by end market size?

How does Microelectronic Medical Implants break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.