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Microelectronic Medical Implants: Products, Technologies & Opportunities 2024-2029

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    Report

  • 130 Pages
  • July 2024
  • Region: Global
  • BCC Research
  • ID: 5988330
Description Jump to:

The Microelectronic Medical Implants Market was valued at USD 49 Billion in 2024 and is forecast to reach USD 85.1 Billion by 2029, growing at a CAGR of 11.70%.

Report Scope

This report analyzes the trends in the global and regional markets for microelectronic medical implants with data from 2023, estimates from 2024, and projections of compound annual growth rates (CAGRs) for the forecast period of 2024 to 2029. This report also analyzes the competitive environment, including the market shares of leading companies, the regulatory scenario, and the drivers, restraints and opportunities in the market.

The market in this report is segmented into product types and applications. Product types include pacemakers, defibrillators, neurostimulators, hearing implants, ocular implants, and others. Applications includes cardiology, neurology, audiology, ophthalmology, and others.

The market is segmented into four regions: North America, Europe, Asia-Pacific and Rest of the World (RoW). The regional analysis include coverage of the markets in the U.S., Germany, the U.K., France, Japan, China, and India. The market value is estimated for 2023, with forecasts for 2024 and 2029.

The report’s goals are to:

  • Analyze main implant types and applications.
  • Analyze global market size and segmentation.
  • Understand market constraints and drivers.
  • Provide detailed market forecasts up to 2029.
  • Assess market shares, competitiveness, and industry structure.
  • Identify potential long-term impacts on the microelectronic implant industry

The Report Includes

  • 64 data tables and 30 additional tables
  • An overview of the global market for microelectronic medical implants
  • Analysis of global market trends, featuring historical revenue data for 2021-2023, estimated figures for 2024, forecasts for 2029, and projected CAGRs through 2029
  • Evaluation of the current market size and revenue growth prospects, along with market share analysis by product type, application, and geographic region
  • Discussion of innovations, technological advances, and product launches
  • Analysis of the industry’s regulatory framework and policies
  • A look at the product pipeline
  • Discussion of ESG practices of companies in the industry, and the ESG challenges facing them
  • Analysis of the leading companies’ market shares, proprietary technologies, and strategic alliances
  • Evaluation of key patents
  • Profiles of the leading players, including Abbott, Cochlear Ltd., LivaNova, Medtronic and NEVRO

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
Chapter 2 Market Overview
  • Porter’s Five Forces Analysis
    • Bargaining Power of Buyers
    • Bargaining Power of Suppliers
    • Potential for New Entrants
    • Threat of Substitutes
    • Competitiveness in the Industry
Chapter 3 Market Dynamics
  • Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
Chapter 4 Regulatory and Reimbursement Landscape
  • Regulatory Scenario
  • United States
  • European Union
  • Asia-Pacific
  • Reimbursement Landscape
Chapter 5 Emerging Technologies
  • Overview
Chapter 6 Market Segmentation Analysis
  • Market for Microelectronic Medical Implants, by Product Type
    • Global Market Forecast
    • Pacemakers
    • Defibrillators
    • Neurostimulators
    • Hearing Implants
    • Ocular Implants
    • Other Implants
  • Market for Microelectronic Medical Implants, by Application
    • Global Market Forecast
    • Cardiology
    • Neurology
    • Audiology
    • Ophthalmology
    • Other Applications
  • Global Market for Microelectronic Medical Implants, by Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World
Chapter 7 Competitive Intelligence
  • Competitive Landscape
Chapter 8 Sustainability in the Microelectronic Medical Implant Industry: An ESG Perspective
  • Introduction to ESG
  • Sustainability in the Industry
  • Environmental Impact
  • Social Responsibility
  • Governance
Chapter 9 Appendix
  • Methodology
  • Abbreviations
  • Sources
  • Company Profiles
  • Abbott
  • Biotronik
  • Boston Scientific Corp.
  • Cochlear Ltd.
  • Inspire Medical Systems Inc.
  • Livanova Plc
  • Medtronic
  • Microport Scientific Corp.
  • Neuropace Inc.
  • Nevro Corp.
List of Tables
Summary Table: Global Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 1: Porter’s Five Forces Analysis: Microelectronic Medical Implants Market
Table 2: Global Population Growth, by Age Group, Through 2050
Table 3: Global Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 4: Global Market for Pacemakers, by Region, Through 2029
Table 5: Global Market for Defibrillators, by Region, Through 2029
Table 6: Global Market for Neurostimulators, by Region, Through 2029
Table 7: Global Market for Hearing Implants, by Region, Through 2029
Table 8: Global Market for Ocular Implants, by Region, Through 2029
Table 9: Global Market for Other Implants, by Region, Through 2029
Table 10: Global Market for Microelectronic Medical Implants, by Application, Through 2029
Table 11: Global Market for Microelectronic Medical Implants in Cardiology, by Region, Through 2029
Table 12: Global Market for Microelectronic Medical Implants in Neurology, by Region, Through 2029
Table 13: Percentage of Global Population with Hearing Loss and its Severity, 2021
Table 14: Global Market for Microelectronic Medical Implants in Audiology, by Region, Through 2029
Table 15: Global Market for Microelectronic Medical Implants in Ophthalmology, by Region, Through 2029
Table 16: Global Market for Microelectronic Medical Implants in Other Applications, by Region, Through 2029
Table 17: Global Market for Microelectronic Medical Implants, by Region, Through 2029
Table 18: North American Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 19: North American Market for Microelectronic Medical Implants, by Application, Through 2029
Table 20: North American Market for Microelectronic Medical Implants, by Country, Through 2029
Table 21: U.S. Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 22: U.S. Market for Microelectronic Medical Implants, by Application, Through 2029
Table 23: Canadian Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 24: Canadian Market for Microelectronic Medical Implants, by Application, Through 2029
Table 25: Mexican Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 26: Mexican Market for Microelectronic Medical Implants, by Application, Through 2029
Table 27: European Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 28: European Market for Microelectronic Medical Implants, by Application, Through 2029
Table 29: European Market for Microelectronic Medical Implants, by Country, Through 2029
Table 30: German Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 31: German Market for Microelectronic Medical Implants, by Application, Through 2029
Table 32: U.K. Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 33: U.K. Market for Microelectronic Medical Implants, by Application, Through 2029
Table 34: French Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 35: French Market for Microelectronic Medical Implants, by Application, Through 2029
Table 36: Rest of Europe Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 37: Rest of Europe Market for Microelectronic Medical Implants, by Application, Through 2029
Table 38: Asia-Pacific Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 39: Asia-Pacific Market for Microelectronic Medical Implants, by Application, Through 2029
Table 40: Asia-Pacific Market for Microelectronic Medical Implants, by Country, Through 2029
Table 41: Chinese Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 42: Chinese Market for Microelectronic Medical Implants, by Application, Through 2029
Table 43: Japanese Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 44: Japanese Market for Microelectronic Medical Implants, by Application, Through 2029
Table 45: Indian Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 46: Indian Market for Microelectronic Medical Implants, by Application, Through 2029
Table 47: Rest of Asia-Pacific Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 48: Rest of Asia-Pacific Market for Microelectronic Medical Implants, by Application, Through 2029
Table 49: RoW Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 50: RoW Market for Microelectronic Medical Implants, by Application, Through 2029
Table 51: RoW Market for Microelectronic Medical Implants, by Sub-Region, Through 2029
Table 52: South American Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 53: South American Market for Microelectronic Medical Implants, by Application, Through 2029
Table 54: MEA Market for Microelectronic Medical Implants, by Product Type, Through 2029
Table 55: MEA Market for Microelectronic Medical Implants, by Application, Through 2029
Table 56: Abbreviations Used in this Report
Table 57: Report Sources
Table 58: Abbott: Company Snapshot
Table 59: Abbott: Financial Performance, FY 2022 and 2023
Table 60: Abbott: Key Developments, 2024
Table 61: Abbott: Key Developments, 2024
Table 62: Biotronik: Company Snapshot
Table 63: Biotronik: Product Portfolio
Table 64: Biotronik: Key Developments, 2024
Table 65: Boston Scientific Corp.: Company Snapshot
Table 66: Boston Scientific Corp.: Financial Performance, FY 2022 and 2023
Table 67: Boston Scientific Corp.: Product Portfolio
Table 68: Boston Scientific Corp.: Key Developments, 2024
Table 69: Cochlear Ltd.: Company Snapshot
Table 70: Cochlear Ltd.: Financial Performance, FY 2022 and 2023
Table 71: Cochlear Ltd.: Product Portfolio
Table 72: Cochlear Ltd.: Key Developments, 2024
Table 73: Inspire Medical Systems Inc.: Company Snapshot
Table 74: Inspire Medical Systems Inc.: Financial Performance, FY 2022 and 2023
Table 75: Inspire Medical Systems Inc.: Product Portfolio
Table 76: LivaNova PLC: Company Snapshot
Table 77: LivaNova PLC: Financial Performance, FY 2022 and 2023
Table 78: LivaNova PLC: Product Portfolio
Table 79: Medtronic: Company Snapshot
Table 80: Medtronic: Financial Performance, FY 2022 and 2023
Table 81: Medtronic: Product Portfolio
Table 82: Medtronic: Key Developments, 2024
Table 83: Microport Scientific Corp.: Company Snapshot
Table 84: Microport Scientific Corp.: Financial Performance, FY 2022 and 2023
Table 85: Microport Scientific Corp.: Product Portfolio
Table 86: Microport Scientific Corp.: Key Developments, 2024
Table 87: NeuroPace Inc.: Company Snapshot
Table 88: NeuroPace Inc.: Financial Performance, FY 2022 and 2023
Table 89: NeuroPace Inc.: Product Portfolio
Table 90: NEVRO CORP.: Company Snapshot
Table 91: NEVRO CORP.: Financial Performance, FY 2022 and 2023
Table 92: NEVRO CORP.: Product Portfolio
Table 93: NEVRO CORP.: Key Developments, 2023

List of Figures
Summary Figure: Global Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 1: Microelectronic Medical Implants: Market Dynamics
Figure 2: Share of Population 65 and Older in G7 Countries, 2021
Figure 3: Global Shares of Population 65 and Older, by Region, 2016 and 2050
Figure 4: Global Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 5: Global Market Shares of Pacemakers, by Region, 2023
Figure 6: Global Market Shares of Defibrillators, by Region, 2023
Figure 7: Global Market Shares of Neurostimulators, by Region, 2023
Figure 8: Global Market Shares of Hearing Implants, by Region, 2023
Figure 9: Global Market Shares of Ocular Implants, by Region, 2023
Figure 10: Global Market Shares of Other Implants, by Region, 2023
Figure 11: Global Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 12: Global Market Shares of Microelectronic Medical Implants in Cardiology, by Region, 2023
Figure 13: Global Market Shares of Microelectronic Medical Implants in Neurology, by Region, 2023
Figure 14: Global Market Shares of Microelectronic Medical Implants in Audiology, by Region, 2023
Figure 15: Global Market Shares of Microelectronic Medical Implants in Ophthalmology, by Region, 2023
Figure 16: Global Market Shares of Microelectronic Medical Implants in Other Applications, by Region, 2023
Figure 17: Global Market for Microelectronic Medical Implants, by Region, 2021-2029
Figure 18: North American Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 19: North American Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 20: North American Market Shares of Microelectronic Medical Implants, by Country, 2023
Figure 21: U.S. Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 22: U.S. Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 23: Canadian Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 24: Canadian Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 25: Mexican Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 26: Mexican Market for Microelectronic Medical Implants, by Application, Through 2029
Figure 27: European Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 28: European Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 29: European Market Shares of Microelectronic Medical Implants, by Country, 2023
Figure 30: German Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 31: German Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 32: U.K. Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 33: U.K. Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 34: French Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 35: French Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 36: Rest of Europe Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 37: Rest of Europe Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 38: Asia-Pacific Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 39: Asia-Pacific Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 40: Asia-Pacific Market Shares of Microelectronic Medical Implants, by Country, 2023
Figure 41: Chinese Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 42: Chinese Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 43: Japanese Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 44: Japanese Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 45: Indian Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 46: Indian Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 47: Rest of Asia-Pacific Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 48: Rest of Asia-Pacific Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 49: RoW Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 50: RoW Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 51: RoW Market Shares of Microelectronic Medical Implants, by Sub-Region, 2023
Figure 52: South American Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 53: South American Market for Microelectronic Medical Implants, by Application, Through 2029
Figure 54: MEA Market for Microelectronic Medical Implants, by Product Type, 2021-2029
Figure 55: MEA Market for Microelectronic Medical Implants, by Application, 2021-2029
Figure 56: Global Market Shares of Microelectronic Medical Implants, by Company, 2023
Figure 57: Pillars of ESG
Figure 58: Advantages of ESG for Companies
Figure 59: Level of ESG Adoption Across Industries, 2021 and 2022
Figure 60: Abbott: Revenue Shares, by Business Unit, FY 2023
Figure 61: Abbott: Revenue Shares, by Country/Region, FY 2023
Figure 62: Boston Scientific Corp.: Revenue Shares, by Business Unit, FY 2023
Figure 63: Boston Scientific Corp.: Revenue Shares, by Country/Region, FY 2023
Figure 64: Cochlear Ltd.: Revenue Shares, by Business Unit, FY 2023
Figure 65: Cochlear Ltd.: Revenue Shares, by Country/Region, FY 2023
Figure 66: Inspire Medical Systems Inc.: Revenue Shares, by Country/Region, FY 2023
Figure 67: LivaNova PLC: Revenue Shares, by Business Unit, FY 2023
Figure 68: LivaNova PLC: Revenue Shares, by Country/Region, FY 2023
Figure 69: Medtronic: Revenue Shares, by Business Unit, FY 2023
Figure 70: Medtronic: Revenue Shares, by Country/Region, FY 2023
Figure 71: Microport Scientific Corp.: Revenue Shares, by Business Unit, FY 2023
Figure 72: Microport Scientific Corp.: Revenue Shares, by Country/Region, FY 2023
Figure 73: NEVRO CORP.: Revenue Shares, by Country/Region, FY 2023

Executive Summary

The pacemaker became the first type of microelectronic medical implant in 1958, when the first pacemaker implantation was performed in Sweden. R&D is focused on helping individuals with weak or failing hearts live longer, fuller lives. Other implanted cardiac devices include defibrillators, loop recorders, heart assist devices, and heart replacements.

Since the 1970s, the microelectronic implant industry has significantly advanced, with devices like neurostimulators directly derived from pacemakers. The development of complex sensors-on-a-chip and the shrinking of mechanical components enabled the creation of implanted medicine infusion pumps. Neurostimulators, implantable devices that stimulate neuronal activity, are increasingly being utilized for neurological reasons, including treating urge incontinence and preventing epileptic convulsions, despite their initial purpose of pain relief. Implanted therapeutic devices, including middle ear implants, hearing-like implants for the deaf, medicine infusion pumps, and bone growth stimulators, have been developed, with some markets legalizing eye implants for specific types of blindness. The industry's product cycle often lags behind the state of the art in technology due to the long clinical testing and clearance process for new medical devices.

Companies Mentioned

  • Abbott
  • Biotronik
  • Boston Scientific Corp.
  • Cochlear Ltd.
  • Inspire Medical Systems Inc.
  • Livanova Plc
  • Medtronic
  • Microport Scientific Corp.
  • Neuropace Inc.
  • Nevro Corp.

Table Information

Report AttributeDetails
No. of Pages130
PublishedJuly 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 49 Billion
Forecasted Market Value ( USD ) by 2029 $ 85.1 Billion
Compound Annual Growth Rate11.7%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Microelectronic Medical Implants Market

Microelectronic Medical Implants are medical devices that are implanted into the body to provide a range of therapeutic and diagnostic functions. These devices are typically powered by a battery and are designed to be minimally invasive, allowing them to be implanted without the need for major surgery. Examples of microelectronic medical implants include pacemakers, implantable cardioverter defibrillators (ICDs), cochlear implants, and deep brain stimulators. These devices are used to treat a variety of conditions, including heart arrhythmias, hearing loss, and Parkinson's disease. The microelectronic medical implants market is expected to grow in the coming years due to advances in technology and the increasing prevalence of chronic diseases. The market is also driven by the increasing demand for minimally invasive treatments and the growing demand for home healthcare solutions. Some of the major companies in the microelectronic medical implants market include Medtronic, Abbott, Boston Scientific, St. Jude Medical, Cochlear, and Biotronik. Show Less Read more

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