Market Overview:
The global micro-electronic medical implants market is expected to grow at a CAGR of 9.5% 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. Based on type, the global micro-electronic medical implants market is segmented into metallic material, polymer material, and ceramic material. The metallic material segment is expected to account for the largest share of the global micro-electronic medical implants market in 2018. This segment is further divided into stainless steel and titanium alloy segments. The titanium alloy segment is projected to grow at a higher CAGR than the stainless steel segment during the forecast period from 2018 to 2030 owing to its superior properties such as light weight and high strength as compared with other metals used for manufacturing implantable devices. Based on application, the global micro-electronic medical implants market is classified into cardiology, neurology, ophthalmology, orthopedics & trauma surgery,, general surgery,, urology,, gynecology & obstetrics,. Cardiology held majority share of this application category in 2017 due high incidence rates of cardiovascular diseases across all regions globally. However,. Neurology would register highest CAGR over next 10 years due increase incidences neurological disorders across globe.
Product Definition:
Micro-electronic medical implants are small devices that are inserted into the body to perform a specific function, such as monitoring or regulating a bodily process. They can be used to treat conditions such as diabetes, heart disease, and epilepsy. Micro-electronic medical implants are important because they allow doctors to monitor and treat patients' conditions without invasive surgery.
Metallic Material:
Metallic material is used in micro-electronic medical implants to form the outermost layer of a device. It has several properties such as biocompatibility, corrosion resistance, and high strength which make it suitable for use in medical devices. The metallic materials are further segmented into two broad categories namely pure metals and alloys containing metals. Pure metal includes titanium, stainless steel among others while alloys include aluminum bronzes and copper bronzes among others.
Polymer Material:
Polymer material is used in micro-electronic medical implants to create devices with more durability, biocompatibility and flexibility. Micro-electronic medical implants are small electronic devices or components that are used in the diagnosis or treatment of various diseases. Polymer materials have wide applications as they can be molded into different shapes and sizes which makes them suitable for manufacturing micro sized electronic components such as sensors, transducers, actuators & switches.
Application Insights:
The cardiology segment dominated the global market in 2017. This can be attributed to the growing prevalence of cardiac disorders and increasing demand for pacemakers. According to a study published in NCBI, around 50 million people suffer from some form of arrhythmia globally, which causes approximately 1.0% of all deaths occurring due to cardiovascular diseases (CVDs). Moreover, as per another study conducted by NCBI, around 597kilohertz (kHz) radiofrequency catheter ablation is one of the most popular minimally invasive procedures used for treatment of arrhythmias among patients suffering from atrial fibrillation or flutter. The aforementioned factors are expected to drive growth over the forecast period.
Neurology is anticipated to witness lucrative growth during the forecast period owing to an increase in neurological disorders coupled with rising adoption rateof micro-electronic medical implants worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing R&D investments by private as well as public sectors, high healthcare spending, and favorable reimbursement policies for advanced devices. In addition, presence of key companies such as Stryker Corporation; Zimmer Biomet Holdings Inc.; and Johnson & Johnson Services India Pvt. Ltd.
Asia Pacific is anticipated to be one of the fastest-growing regions during the same period owing to improving economic conditions especially in developing countries such as China and India that have a large geriatric population base with various chronic diseases requiring long term treatment options like micro-electronic medical implants that require surgical intervention for proper functioning of body systems.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Micro-electronic medical implants are ideally suited for use in minimally invasive surgeries as they are small in size and can be easily inserted through small incisions.
- Growing prevalence of chronic diseases: The global prevalence of chronic diseases such as heart disease, stroke, diabetes, and cancer is increasing rapidly due to changing lifestyles and aging populations. These conditions often require long-term treatment with drugs or devices that can be monitored or controlled using micro-electronic medical implants. As the number of people suffering from chronic diseases continues to rise, the demand for micro-electronic medical implants will also increase significantly in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro-Electronic Medical Implants Market Research Report
By Type
Metallic Material, Polymer Material, Ceramic Material
By Application
Cardiology, Neurology, Opht
By Companies
Sonova, Neuropace, Abbott, Medtronic, Cochlear, Livanova, Abiomed, Boston Scientific, Biotronik, Zimmer Biomet
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Micro-Electronic Medical Implants Market Report Segments:
The global Micro-Electronic Medical Implants market is segmented on the basis of:
Types
Metallic Material, Polymer Material, Ceramic Material
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
Cardiology, Neurology, Opht
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:
- Sonova
- Neuropace
- Abbott
- Medtronic
- Cochlear
- Livanova
- Abiomed
- Boston Scientific
- Biotronik
- Zimmer Biomet
Highlights of The Micro-Electronic 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:
- Metallic Material
- Polymer Material
- Ceramic Material
- By Application:
- Cardiology
- Neurology
- Opht
- 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 Micro-Electronic 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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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?
Micro-electronic medical implants are devices that are inserted under the skin and used to monitor vital signs, such as heart rate and blood pressure. They can also be used to send electrical impulses to nerves in order to control prosthetic limbs or other medical devices.
Some of the key players operating in the micro-electronic medical implants market are Sonova, Neuropace, Abbott, Medtronic, Cochlear, Livanova, Abiomed, Boston Scientific, Biotronik, Zimmer Biomet.
The micro-electronic medical implants market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro-Electronic 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. Micro-Electronic 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. Micro-Electronic Medical Implants Market - Supply Chain
4.5. Global Micro-Electronic Medical Implants Market Forecast
4.5.1. Micro-Electronic Medical Implants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro-Electronic Medical Implants Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro-Electronic Medical Implants Market Absolute $ Opportunity
5. Global Micro-Electronic 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. Micro-Electronic Medical Implants Market Size and Volume Forecast by Type
5.3.1. Metallic Material
5.3.2. Polymer Material
5.3.3. Ceramic Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro-Electronic 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. Micro-Electronic Medical Implants Market Size and Volume Forecast by Application
6.3.1. Cardiology
6.3.2. Neurology
6.3.3. Opht
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro-Electronic 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. Micro-Electronic 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 Micro-Electronic 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. Micro-Electronic 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 Micro-Electronic Medical Implants Demand Share Forecast, 2019-2029
9. North America Micro-Electronic 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 Micro-Electronic 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 Micro-Electronic Medical Implants Market Size and Volume Forecast by Application
9.4.1. Cardiology
9.4.2. Neurology
9.4.3. Opht
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro-Electronic Medical Implants Market Size and Volume Forecast by Type
9.7.1. Metallic Material
9.7.2. Polymer Material
9.7.3. Ceramic Material
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 Micro-Electronic Medical Implants Demand Share Forecast, 2019-2029
10. Latin America Micro-Electronic 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 Micro-Electronic 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 Micro-Electronic Medical Implants Market Size and Volume Forecast by Application
10.4.1. Cardiology
10.4.2. Neurology
10.4.3. Opht
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro-Electronic Medical Implants Market Size and Volume Forecast by Type
10.7.1. Metallic Material
10.7.2. Polymer Material
10.7.3. Ceramic Material
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 Micro-Electronic Medical Implants Demand Share Forecast, 2019-2029
11. Europe Micro-Electronic 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 Micro-Electronic 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 Micro-Electronic Medical Implants Market Size and Volume Forecast by Application
11.4.1. Cardiology
11.4.2. Neurology
11.4.3. Opht
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro-Electronic Medical Implants Market Size and Volume Forecast by Type
11.7.1. Metallic Material
11.7.2. Polymer Material
11.7.3. Ceramic Material
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 Micro-Electronic Medical Implants Demand Share, 2019-2029
12. Asia Pacific Micro-Electronic 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 Micro-Electronic 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 Micro-Electronic Medical Implants Market Size and Volume Forecast by Application
12.4.1. Cardiology
12.4.2. Neurology
12.4.3. Opht
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro-Electronic Medical Implants Market Size and Volume Forecast by Type
12.7.1. Metallic Material
12.7.2. Polymer Material
12.7.3. Ceramic Material
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 Micro-Electronic Medical Implants Demand Share, 2019-2029
13. Middle East & Africa Micro-Electronic 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 Micro-Electronic 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 Micro-Electronic Medical Implants Market Size and Volume Forecast by Application
13.4.1. Cardiology
13.4.2. Neurology
13.4.3. Opht
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro-Electronic Medical Implants Market Size and Volume Forecast by Type
13.7.1. Metallic Material
13.7.2. Polymer Material
13.7.3. Ceramic Material
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 Micro-Electronic Medical Implants Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Micro-Electronic Medical Implants Market: Market Share Analysis
14.2. Micro-Electronic Medical Implants Distributors and Customers
14.3. Micro-Electronic Medical Implants Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sonova
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Neuropace
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Abbott
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medtronic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cochlear
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Livanova
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. Boston Scientific
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Biotronik
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zimmer Biomet
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
