Market Overview:
The global microelectronic medical implants market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in implantable devices. By type, the cochlear implants segment is expected to account for the largest share of the global microelectronic medical implants market in 2018. This segment is also projected to grow at a high CAGR during the forecast period. By application, pain management is expected to be the largest segment of the global microelectronic medical implants market in 2018.
Product Definition:
Microelectronic medical implants are devices that are implanted into the body to help treat a medical condition. They can include things like pacemakers, defibrillators, and insulin pumps. Microelectronic medical implants are important because they can help people with chronic health conditions live normal lives.
Cochlear Implants:
Cochlear implants are medical devices that help the physically disabled to hear. These implants consist of a battery-powered device and a miniature speaker that is surgically inserted into the Cochlea, which is the organ of hearing in humans and other animals. The implant helps in restoring sound perception capabilities in patients suffering from severe to mild hearing loss due to age, noise exposure or disease such as sensorineural deafness (NID).
Neurostimulators:
Neurostimulators are medical devices that are used to stimulate or modulate the electrical activity of the brain. They may also be used for shoring up temporarily damaged nerve circuits. Neurostimulators can be either invasive or non-invasive and they fall under two broad categories, Transcranial Electrical Stimulation (TCES) and Deep Brain Stimulation (DBS).
Application Insights:
The pain management segment dominated the global market in 2017. This can be attributed to an increasing number of patients suffering from chronic pain disorders and rising usage of invasive and non-invasive procedures for treating these conditions. For instance, according to the American Academy of Pain Management, around 20 million Americans aged 18 years or above suffered from chronic pain in 2015. Furthermore, as per the National Institute on Drug Abuse (NIDA), more than 17 million people in America suffer from drug abuse or dependence disorder causing severe physical dependency requiring medical intervention to overcome this condition. These factors are anticipated to contribute towards a significant growth rate during the forecast period for this application segment.
The cardiac rhythm management segment is expected register a high CAGR over the forecast period owing to an increase in patient admissions for syncope (fainting) and cardiac arrest across various regions including Europe.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising prevalence of hearing impairment, and increasing awareness about advanced technologies. Moreover, growing target population base with high disposable income is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and economic development in emerging countries like China and India. In addition, rising prevalence of chronic diseases requiring long-term treatment will further boost revenue generation capacity in this region during the forecast years from 2018 to 2030 timeframe.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The demand for minimally invasive surgeries is increasing due to various factors such as shorter hospital stays, lesser pain, and quicker recovery times. This is driving the demand for microelectronic medical implants as they are used in these surgeries.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is leading to an increase in the number of age-related diseases such as cancer, Alzheimer's disease, and heart diseases. This is boosting the demand for microelectronic medical implants as they are used in the treatment of these diseases.
- Technological advancements: The technological advancements in implantable devices are helping to improve their performance and safety profiles. This is resulting in an increase in their adoption rates worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Microelectronic Medical Implants Market Research Report
By Type
Cochlear Implants, Neurostimulators, Implantable Infusion Pumps, Cochlear Implants, Other
By Application
Pain Management, Cardiac Rhythm Management, Parkinson’s Disease, ENT, Other
By Companies
Medtronic, Abbott, Boston Scientific, Cochlear, Biotronik, Sorin, Abiomed, MED-EL, Nevro, Sonova, Zimmer Biomet, Codman & Shurtleff (J&J), Lepu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Microelectronic Medical Implants Market Report Segments:
The global Microelectronic Medical Implants market is segmented on the basis of:
Types
Cochlear Implants, Neurostimulators, Implantable Infusion Pumps, Cochlear Implants, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pain Management, Cardiac Rhythm Management, Parkinson’s Disease, ENT, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Abbott
- Boston Scientific
- Cochlear
- Biotronik
- Sorin
- Abiomed
- MED-EL
- Nevro
- Sonova
- Zimmer Biomet
- Codman & Shurtleff (J&J)
- Lepu
Highlights of The Microelectronic Medical Implants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cochlear Implants
- Neurostimulators
- Implantable Infusion Pumps
- Cochlear Implants
- Other
- By Application:
- Pain Management
- Cardiac Rhythm Management
- Parkinson’s Disease
- ENT
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microelectronic Medical Implants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microelectronic medical implants are devices that are inserted under the skin to monitor and treat health conditions. They can include sensors that measure heart rate, blood pressure, temperature, and other vital signs; pacemakers; defibrillators; and other medical devices.
Some of the major companies in the microelectronic medical implants market are Medtronic, Abbott, Boston Scientific, Cochlear, Biotronik, Sorin, Abiomed, MED-EL, Nevro, Sonova, Zimmer Biomet, Codman & Shurtleff (J&J), Lepu.
The microelectronic medical implants market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microelectronic Medical Implants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microelectronic Medical Implants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microelectronic Medical Implants Market - Supply Chain
4.5. Global Microelectronic Medical Implants Market Forecast
4.5.1. Microelectronic Medical Implants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microelectronic Medical Implants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microelectronic Medical Implants Market Absolute $ Opportunity
5. Global Microelectronic Medical Implants Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microelectronic Medical Implants Market Size and Volume Forecast by Type
5.3.1. Cochlear Implants
5.3.2. Neurostimulators
5.3.3. Implantable Infusion Pumps
5.3.4. Cochlear Implants
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microelectronic Medical Implants Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microelectronic Medical Implants Market Size and Volume Forecast by Application
6.3.1. Pain Management
6.3.2. Cardiac Rhythm Management
6.3.3. Parkinsons Disease
6.3.4. ENT
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microelectronic Medical Implants Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microelectronic Medical Implants Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microelectronic Medical Implants Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microelectronic Medical Implants Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microelectronic Medical Implants Demand Share Forecast, 2019-2026
9. North America Microelectronic Medical Implants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microelectronic Medical Implants Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microelectronic Medical Implants Market Size and Volume Forecast by Application
9.4.1. Pain Management
9.4.2. Cardiac Rhythm Management
9.4.3. Parkinsons Disease
9.4.4. ENT
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microelectronic Medical Implants Market Size and Volume Forecast by Type
9.7.1. Cochlear Implants
9.7.2. Neurostimulators
9.7.3. Implantable Infusion Pumps
9.7.4. Cochlear Implants
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microelectronic Medical Implants Demand Share Forecast, 2019-2026
10. Latin America Microelectronic Medical Implants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microelectronic Medical Implants Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microelectronic Medical Implants Market Size and Volume Forecast by Application
10.4.1. Pain Management
10.4.2. Cardiac Rhythm Management
10.4.3. Parkinsons Disease
10.4.4. ENT
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microelectronic Medical Implants Market Size and Volume Forecast by Type
10.7.1. Cochlear Implants
10.7.2. Neurostimulators
10.7.3. Implantable Infusion Pumps
10.7.4. Cochlear Implants
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microelectronic Medical Implants Demand Share Forecast, 2019-2026
11. Europe Microelectronic Medical Implants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microelectronic Medical Implants Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microelectronic Medical Implants Market Size and Volume Forecast by Application
11.4.1. Pain Management
11.4.2. Cardiac Rhythm Management
11.4.3. Parkinsons Disease
11.4.4. ENT
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microelectronic Medical Implants Market Size and Volume Forecast y Type
11.7.1. Cochlear Implants
11.7.2. Neurostimulators
11.7.3. Implantable Infusion Pumps
11.7.4. Cochlear Implants
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microelectronic Medical Implants Demand Share, 2019-2026
12. Asia Pacific Microelectronic Medical Implants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microelectronic Medical Implants Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microelectronic Medical Implants Market Size and Volume Forecast by Application
12.4.1. Pain Management
12.4.2. Cardiac Rhythm Management
12.4.3. Parkinsons Disease
12.4.4. ENT
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microelectronic Medical Implants Market Size and Volume Forecast by Type
12.7.1. Cochlear Implants
12.7.2. Neurostimulators
12.7.3. Implantable Infusion Pumps
12.7.4. Cochlear Implants
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microelectronic Medical Implants Demand Share, 2019-2026
13. Middle East & Africa Microelectronic Medical Implants Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microelectronic Medical Implants Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microelectronic Medical Implants Market Size and Volume Forecast by Application
13.4.1. Pain Management
13.4.2. Cardiac Rhythm Management
13.4.3. Parkinsons Disease
13.4.4. ENT
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microelectronic Medical Implants Market Size and Volume Forecast by Type
13.7.1. Cochlear Implants
13.7.2. Neurostimulators
13.7.3. Implantable Infusion Pumps
13.7.4. Cochlear Implants
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microelectronic Medical Implants Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microelectronic Medical Implants Market: Market Share Analysis
14.2. Microelectronic Medical Implants Distributors and Customers
14.3. Microelectronic Medical Implants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Abbott
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boston Scientific
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cochlear
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Biotronik
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sorin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Abiomed
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MED-EL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nevro
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sonova
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zimmer Biomet
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Codman & Shurtleff (J&J)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lepu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
