The global microelectronic medical implants market size is anticipated to reach USD 50.18 billion by 2030, registering a 6.6% from 2024 to 2030. Increasing prevalence of cardiac disorders, epilepsy, and Parkinson’s disease, growing regulatory approvals for new devices and equipment, rising geriatric population, and introduction of new products are key factors driving market growth.
Regulatory authorities such as U.S. FDA have approved several new products and devices to be used by end users, most of which are equipped with new and innovative technologies that cater to varied consumer demands. These technologies also increase the ease of use of these products. For instance, in July 2017, Cochlear Ltd. introduced to the market a cochlear implant sound processor for iPhone. The U.S. FDA approved this innovation in June 2017.
Increasing prevalence of diseases such as epilepsy, cardiac disorders, and Parkinson’s disease have upped the sales of microelectronic electronic implants such as defibrillators, pacemakers, and neurostimulators. As per WHO, approximately 50 million people have epilepsy, globally, making it one of the most common neurological disorders. The condition can be treated using neurostimulators that prevent seizures.
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Regulatory authorities such as U.S. FDA have approved several new products and devices to be used by end users, most of which are equipped with new and innovative technologies that cater to varied consumer demands. These technologies also increase the ease of use of these products. For instance, in July 2017, Cochlear Ltd. introduced to the market a cochlear implant sound processor for iPhone. The U.S. FDA approved this innovation in June 2017.
Increasing prevalence of diseases such as epilepsy, cardiac disorders, and Parkinson’s disease have upped the sales of microelectronic electronic implants such as defibrillators, pacemakers, and neurostimulators. As per WHO, approximately 50 million people have epilepsy, globally, making it one of the most common neurological disorders. The condition can be treated using neurostimulators that prevent seizures.
Microelectronic Medical Implants Market Report Highlights
- The pacemakers & defibrillators segment accounted for the largest market share of 34.3% in 2023 owing to increasing incidence of cardiac diseases and rising geriatric population.
- The Radiofrequency (RF) technology segment accounted for the largest market share in 2023. RF technology is used in wireless implants to communicate with the circuitry outside the body.
- North America microelectronic medical implants market dominated the market in 2023. The widespread use of advanced medical technology is attributing to the market growth in the region.
The leading players in the Microelectronic Medical Implants market include:
- Zimmer Biomet
- Cochlear Ltd.
- Medtronic
- Abbott
- ZOLL Medical Corporation
- Boston Scientific Corporation
- LivaNova PLC
- Biotronik
- Schiller
- Koninklijke Philips N.V.
- Johnson & Johnson Vision
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Microelectronic Medical Implants Market Variables, Trends, & Scope
Chapter 4. Microelectronic Medical Implants Market: Product Estimates & Trend Analysis
Chapter 5. Microelectronic Medical Implants Market: Technology Estimates & Trend Analysis
Chapter 6. Microelectronic Medical Implants Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Microelectronic Medical Implants market include:- Zimmer Biomet
- Cochlear Ltd.
- Medtronic
- Abbott
- ZOLL Medical Corporation
- Boston Scientific Corporation
- LivaNova PLC
- Biotronik
- Schiller
- Koninklijke Philips N.V.
- Johnson & Johnson Vision
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 32.35 Billion |
| Forecasted Market Value ( USD | $ 50.18 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
