The global market of microelectronic medical implants is growing at a rapid pace. The global Microelectronic Medical Implants market is growing at the CAGR of around 9.1% for the forecasted period. The major factors that are influencing the market for microelectronic medical implants are increasing advancement in field of healthcare, increasing demand for nano technology in the field of life science and healthcare and increasing innovation in capsule endoscopy. A portion of the prominent trends that the market is witnessing incorporate rise in medical implant equipment with technology advancement, rising prevalence of cardiovascular issue, epilepsy are driving the market.
Key Players for Microelectronic Medical Implants Market:
Some of the key players in this market are: Abiomed Inc, Biomet Inc., Cyberonics Inc., Envoy Medical, Medtronic Inc., Microsemi Corporation., Neuropace Inc., Retina Implant AG, St. Jude Medical Inc., Worldheart Corporation. and others
Segments:
Global microelectronic medical implants market has been segmented on the basis of product which comprises neurostimulators, drug infusion pumps and others. On the basis of application, the market is segmented into pacemakers, defibrillators, neurostimulators, spinal fusion stimulators, implantable drug pumps, hearing implants, eye implants, ocular implants and others.