Global Microelectronic Medical Implants Market Outlook 2022

Microelectronic medical implant is any sort of medical device that involves microelectronic components and is placed inside the body of the patient to achieve the desired physiological response. The microelectronic medical implants market has come a long way since the introduction of the first pacemaker in the 1970s.
Some of the major products such as neurostimulators have derived their technology directly from that of pacemakers. Other devices such as drug infusion pumps have been developed on sensors-on-chip technology and miniaturization of mechanical components and circuitry of Medical Devices.
Market competition is not intense. Medtronic, St. Jude Medical (Abbott), Boston Scientific, Cochlear, Biotronik, Sorin, Abiomed and MED-EL, etc. are the leaders of the industry, with about 73% market shares.
North America is the largest consumption place, with a consumption market share nearly 47%. Following North America, Europe is the second largest consumption place with the consumption market share of 29%.

The global Microelectronic Medical Implants market was valued at US$ 33140 million in 2020 and is expected to reach US$ 51710 million by the end of 2027, growing at a CAGR of 6.3% during 2021-2027.
This report focuses on Microelectronic Medical Implants volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Microelectronic Medical Implants market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Microelectronic Medical Implants Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type
Cardiac Implants
Neurostimulators
Implantable Infusion Pumps
Cochlear Implants
Others


Segment by Application
Pain Management
Cardiac Rhythm Management
Parkinson’s Disease
ENT
Others


By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E


By Company
Medtronic
St. Jude Medical (Abbott)
Boston Scientific
Cochlear
Biotronik
Sorin
Abiomed
MED-EL
Nevro
Sonova
Zimmer Biomet
Codman & Shurtleff (J&J)
Lepu