{"id":356085,"date":"2019-04-16T11:55:04","date_gmt":"2019-04-16T11:55:04","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=356085"},"modified":"2019-04-16T11:55:04","modified_gmt":"2019-04-16T11:55:04","slug":"microelectronic-medical-implants-market-is-set-for-rapid-growth-to-reach-value-of-around-usd-595614-million-by-2027-key-players-medtronic-abbott-biotronik-neuropace-sonova-livanova","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/microelectronic-medical-implants-market-is-set-for-rapid-growth-to-reach-value-of-around-usd-595614-million-by-2027-key-players-medtronic-abbott-biotronik-neuropace-sonova-livanova_356085.html","title":{"rendered":"Micro-Electronic Medical Implants Market Is Set for Rapid Growth, To Reach Value of Around USD 59,561.4 Million By 2027. Key players – Medtronic, Abbott, BIOTRONIK, NeuroPace, Sonova, LivaNova"},"content":{"rendered":"
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“The List of Companies<\/p>\n

Medtronic
\nAbbott (St. Jude Medical, Inc.)
\nBoston Scientific Corporation
\nZimmer Biomet
\nBIOTRONIK, Inc.
\nNeuroPace, Inc.
\nSonova
\nLivaNova PLC
\nCochlear, Ltd.
\nABIOMED”<\/div>\n<\/div>\n<\/div>\n

According to a new market research study titled \u2018Micro-Electronic Medical Implants Market – The market is estimated to grow with a CAGR of 9.4% from 2019-2027. The report highlights the trends prevalent in the global micro-electronic medical implants market and the factors driving the market along with those that act as deterrents to its growth.<\/div>\n

The micro-electronic medical implants market by product is segmented into pacemakers & defibrillators, neurostimulators, implantable drug pumps, cochlear implants, ocular implants, retinal implants, and others. In 2018, the pacemakers and defibrillators segment held a largest market share of 32.0% of the micro-electronic medical implants market, by product. This segment is also expected to dominate the market in 2027 due to the increasing incidence of cardiovascular diseases and rise in cardiac-implant procedures. On the other hand, the cochlear implants segment is anticipated to witness the fastest growth rate of 10.1% during the forecast period, 2019 to 2027 owing to the rising demand of products and technological development in hearing aids and implant technology.<\/p>\n

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Some of the prominent players operating in micro-electronic medical implants market are Medtronic, Abbott (St. Jude Medical, Inc.), Boston Scientific Corporation, Zimmer Biomet, BIOTRONIK, Inc., NeuroPace, Inc., Sonova, LivaNova PLC, Cochlear, Ltd., and ABIOMED among others. The market players are focused towards bringing new and innovative products and services to sustain their position in the market. For instance, in 2018, Medtronic received United States Food and Drug Administration (FDA) approval for its HVAD System. HVAD System is the smallest commercially available left ventricular assist device (LVAD) for patients with advanced heart failure. It is the only LVAD approved in the U.S. for implant via thoracotomy. The developments performed by the companies are helping the market to grow in the coming years.<\/p>\n

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Get Sample Copy of Research @<\/strong> https:\/\/www.theinsightpartners.com\/sample\/TIPHE100001242\/<\/a> <\/strong><\/p>\n

<\/strong><\/p>\n

Product Insights<\/strong><\/p>\n

The micro-electronic medical implants market by product is segmented into pacemakers & defibrillators, neurostimulators, implantable drug pumps, cochlear implants, ocular implants, retinal implants, and others. In 2018, the pacemakers and defibrillators segment held a largest market share of 32.0% of the micro-electronic medical implants market, by product. This segment is also expected to dominate the market in 2027 due to the increasing incidence of cardiovascular diseases and rise in cardiac-implant procedures. On the other hand, the cochlear implants segment is anticipated to witness the fastest growth rate of 10.1% during the forecast period, 2019 to 2027 owing to the rising demand of products and technological development in hearing aids and implant technology.<\/p>\n

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Technology Insights<\/strong><\/p>\n

The global micro-electronic medical implants market on the basis of technology is segmented into radiofrequency, sensors and others. The radiofrequency segment is expected to dominate the market as this technology is primarily used in majority of the wireless implants to transmit signals to and fro outside the body. Moreover, the RF technology also helps researchers and clinicians to easily monitor the abnormalities in body as well as capture physiological data. Additionally, the similar segment is also expected to witness the fastest growth in the global micro-electronic medical implants market witnessing a CAGR of 9.8% from 2019-2027 over the forecast years.<\/p>\n

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Material Insights<\/strong><\/p>\n

The global micro-electronic medical implants market based on material is segmented into metals, polymers and ceramics. In 2018, the metals segment held a largest market share of 64.3% of the micro-electronic medical implants market, by material. This segment is also expected to dominate the market in 2027 as metals and metal alloys are the most preferred material used to construct micro-electronic medical implants due to their properties corrosion resistance, radiopacity, and several other electrical properties. The segment is also likely to witness the fast growth exhibiting a robust CAGR of 9.7% in the coming years.<\/p>\n

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Application Insights<\/strong><\/p>\n

In 2018, the cardiology segment held a largest market share of 41.1% of the micro-electronic medical implants market, by application. This segment is also expected to dominate the market in 2027 due to the increasing adoption of pacemakers, implantable heart pumps, cardioverter defibrillators. Moreover, the increasing incidence of cardiovascular diseases are also expected to be responsible for the dominant share of the market in the coming years.<\/p>\n

 <\/strong><\/p>\n

Get 10% Free Customization on Purchase @ https:\/\/www.theinsightpartners.com\/buy\/TIPHE100001242\/<\/a><\/strong><\/p>\n

 <\/strong><\/p>\n

About US:<\/strong><\/p>\n

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Automotive, Electronics and Chemical industries.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> The Insight Partners<\/a>
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Email:<\/strong> Send Email<\/a>
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Website:<\/strong> https:\/\/www.theinsightpartners.com\/reports\/microelectronic-medical-implants-market<\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

“The List of Companies Medtronic Abbott (St. Jude Medical, Inc.) Boston Scientific Corporation Zimmer Biomet BIOTRONIK, Inc. NeuroPace, Inc. Sonova LivaNova PLC Cochlear, Ltd. ABIOMED” According to a new market research study titled \u2018Micro-Electronic Medical Implants Market – The market … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-356085","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/356085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=356085"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/356085\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=356085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=356085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=356085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}