Market Revenue Microelectronic Medical Implants Market | Page 2

The successful implementation of implantable medical devices consists of numerous problems faced during its
operations. These problems are associated with viability, bidirectional data communication speeds, power
supply and lower noise ratio. Other challenges faced during its operation are less efficient power delivery for
the recording, and less safe stimulation technique in order to prevent nerve damage and electrode damage. The
major emphasis is on neural recording and stimulation techniques that are appropriate for fabrication methods
in advanced silicon processes and biotelemetry methods, implemented for power and data transfer, alongside
substantial focus on techniques deployed for radio inductive coupling.
Numerous applications are associated with the use of microelectronics medical implants similar to orthopedics,
pacemakers, CVD stents, implantable cardioverter defibrillator (ICD), neuro-prosthetics and drug delivery
system. Subsequently, longer life span in humans for the current scenarios has led to increasingly occurring age-
related disorders. Due to which the requirement for latest treatments methodologies, medical implants, neuro-
prostheses and longer pharmaceutical usage has seen major growth over past few years. Joint diseases
treatment are primes example for the varying demands for medical treatment with use of advanced electronic
devices.
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A major emphasis for creating next generation of pacing devices to minimize mortality and enhance treatment
outcomes has led to higher costing flexibility in a growing cost-efficient healthcare sector. It is expected that
devices belonging to microelectronic medical implants such as cardiovascular stents are witnessing similar
growth rate as per the pacing devices.
Though, substantial demand for structural implants due to technological advancement in heart valves,
ventricular assist devices and display monitors, is attributed to the rising preference by healthcare professional
in recent years. Orthopedic implant is largest consumable device segment in the supply chain. Progress of
microelectronic medical implants market in near future is also associated with the increasing incidences of
degenerative musculoskeletal diseases and varying lifestyle due to sports and exercise injuries.
The microelectronic medical implants Industry is divided into regional market segment such as North America,
Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to
encouraging government reforms, rising approvals from number of government agencies and increasing
occurrence of cardiac diseases.
Asia-Pacific’s market is predicted to hold higher share in the microelectronic medical implant market with
massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific