The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s microelectronic medical implants market report forecasts the microelectronic medical implants market size to grow to $58.56 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Microelectronic Medical Implants Market Report 2023 – https://www.thebusinessresearchcompany.com/report/microelectronic-medical-implants-global-market-report

Microelectronic Medical Implants Market Size Forecast
The global microelectronic medical implants market is expected to grow from $37.62 billion in 2022 to $41.28 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global microelectronic medical implants market size is expected to grow to $58.56 billion in 2027 at a CAGR of 9.1%.

North America held the largest microelectronic medical implants market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Microelectronic Medical Implants Market Driver ­– Rise In The Prevalence Of Hearing Impairments
For example, the World Health Organization (WHO), a Switzerland-based intergovernmental organisation responsible for global health leadership, predicts that by 2050, approximately 2.5 billion people will have some degree of hearing loss, with at least 700 million requiring hearing rehabilitation. As a result, the growing prevalence of hearing impairments is propelling the microelectronic medical implant market forward.

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Key Microelectronic Medical Implants Market Trend – Technological Advancement
Major players in the microelectronic medical implants market are developing advanced technologies to strengthen their market position. For example, Medtronic Plc., an Ireland-based provider of medical technology, services, and solutions, will launch the Adaptix Interbody System based on Titan nanoLOCK surface technology in October 2020. The Adaptix Interbody System, modelled after the veteran Capstone Spinal System, is the first navigated Titanium implant with improved features for increased strength, subsidence resistance, data-backed bone growth, and ease of insertion.

Microelectronic Medical Implants Market Segment
1) By Product: Neurostimulators, Drug Infusion Pumps, Pacemakers, Defibrillators, Spinal Fusion Stimulators, Implantable Drug Pumps, Hearing Implants, Eye Implants, Ocular Implants, Other Products
2) By Technology: Radiofrequency, Sensors, Other Technologies
3) By Material: Metals, Titanium, Stainless Steel, Platinum, Gold Brazed Alloys, Polymers, Ceramics, Other Materials
4) By Application: Cardiology, Neurology, Ophthalmology, Oncology, Other Applications
5) By End-Users: Hospitals And Clinics, Ambulatory Surgical Centres

Microelectronic Medical Implants Market Major Players and Strategies
Major players in the microelectronic medical implants market are Abiomed Inc., Cyberonics Inc., Medtronic Inc., Neuropace Inc., Abbott Laboratories, Zoll Medical Corporation, Biotronik Inc., Cochlear Ltd., Envoy Medical Corporation, Microsemi Corporation, Zimmer Biomet, World heart Corporation, Schiller Americas Inc., Koninklijke Philips N.V., St. Jude Medical Inc., and Xenco Medical.

Medtronic Plc., an Ireland-based medical technology, services, and solutions company, acquired Intersect ENT in May 2021 for an undisclosed sum. Medtronic now has access to PROPEL and SINUVA, two distinct bioabsorbable, steroid-eluting implants for sinus patients, thanks to the acquisition of Intersect ENT. This acquisition aligns with Medtronic’s strong commitment to strategic portfolio management and capital deployment rigorous methods to increase the company’s weighted average market growth rate by carefully deploying resources to support innovation in rapidly expanding areas. Intersect ENT is a medical technology company based in the United States that is dedicated to improving the treatment of ear, nose, and throat conditions.

The Microelectronic Medical Implants Global Market Report 2023 covers regional data on microelectronic medical implants market size, microelectronic medical implants market trends and drivers, opportunities, strategies, and microelectronic medical implants market competitor analysis. The countries covered in the microelectronic medical implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Microelectronic medical implants are devices that create electronic components using extremely small and microscopic elements. These are used to monitor, diagnose, and treat a wide range of medical problems.

View More Reports Related To The Microelectronic Medical Implants Market –
Medical Composites Global Market Report 2023
Hearing Implants Global Market Report 2023
Medical Electronics Global Market Report 2023

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