Microelectronic medical implants market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). The market’s growth is attributed to increasing prevalence of neurological disorders across the globe. The results show that one major factor is the rising incidence of neurological disorders. The need for efficient treatments such as neurostimulators rises in addition to the burden of the aforementioned diseases. According to the National Institute of Health, in May 2023, neurological disorders are highly prevalent, accounting for 9 million deaths and 42.2% of disability-adjusted life years worldwide. The five most common neurological causes of disability-adjusted life years were stroke (42.2%), headaches (migraine, 16.3%), dementias (10.4%), meningitis (7.9%) and epilepsy (4.9%). In addition, inherited neurometabolic diseases, which comprise more than 1,400 different genetic diseases, have an incidence of between 1 in 800 to 1 in 2,500 newborns.
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The global microelectronic medical implants market is segmented on the product, and technology. Based on the product, the market is sub-segmented into pacemakers & defibrillators, neurostimulators, implantable drug delivery devices, spinal fusion stimulators, cochlear implants, and others. Furthermore, based on the technology, the market is sub-segmented into radiofrequency, sensors, and others. The pacemakers & defibrillators subcategory is expected to capture a significant portion of the market share within the absorber product. This is attributed to the increasing elderly population and rising incidence of heart diseases. Heart obstruction and bradycardia are frequent ailments involving a patient can utilize a pacemaker.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Microelectronic Medical Implants Market by Product
- Pacemakers & Defibrillators
- Neurostimulators
- Implantable Drug Delivery Devices
- Spinal Fusion Stimulators
- Cochlear Implants
- Ocular Implants
- Others(Retinal Implants)
Global Microelectronic Medical Implants Market by Product
- Radiofrequency
- Sensors
- Others (Battery and Power Technologies)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Alleima AB
- Boston Scientific Corp.
- Cochlear Ltd.
- Crunchbase
- Envoy Medical Corp.
- Intricon Corp.
- LivaNova PLC
- Medtronic Prt. ltd.
- Microchip Technology Inc.
- Vivani Medical Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global microelectronic medical implants market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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