26 February, 2019: Medical
Implant Market Research Report Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors,
Competitive Situation, Top Manufacturers and Upcoming Trends. Medical Implant
Market report split global into several key Regions which mainly includes
Market Overview, Table of Content, List of Figures and Applications. Medical Implant Market Growing at Higher
CAGR Rate in 2019-2024.
The global medical implant
market is subject to witness a substantial growth due to the increasing
prevalence of disorders like epilepsy, cardiac disorders, and Parkinson’s
disease. Factors driving the growth of medical implants market include growing
geriatric population, rising approval rate for the use of latest advanced
electronic devices in healthcare sector, and advent of advanced technologies
for healthcare.
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Prevalence of cardiac diseases is considered as one of
the prominent factors responsible for high-end demand for medical implants.
Globally, the medical implant market is estimated to grow at a substantial CAGR
in the forecast period, providing numerous opportunities for market players to
invest in research and development in the medical implants market.
Cardiovascular diseases (CVDs) and coronary heart disease
are considered as one of the common causes of death across the globe, thereby
augmenting market demand for medical implants, in the recent years.
Additionally, recent technological advancement and development of enhanced
medical implants to treat various diseases is expected to drive the market
growth in forecast period.
Shifting trend towards adoption of implantable medical
devices for treatment of a wide range of health conditions is anticipated to
fuel market expansion in near future. Growing preference towards to adoption of
implantable medical devices by healthcare professional, doctors and physicians
for diagnosis purposes is anticipated to foster market growth further.
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The neuro-stimulation is considered as one of the fastest
growing segment in the medical implant market with substantial revenue
generation in the last couple of years. Growing popularity of the
neuro-stimulation marker segment is attributed to the factors such as
increasing patient awareness, recent technological advancements, growing
neurological disorders, ever-increasing geriatric population,
cost-effectiveness, and growing FDA approvals for clinical trials.
Additionally, production of enhanced implantable neuro stimulation devices, and
improved clinical outcomes is expected to drive growth of neuro-stimulation
market segment over the forecast period as well.
Asia-Pacific’s market is predicted to hold higher share
with massive growth in forecast period. Countries such as India, China and
Japan are leading the Asia-Pacific market with increase in the number of
healthcare facilities and significant investment by leading industry players
considering potential growth opportunities in the region. The key players in
the microelectronic medical implant market are Zimmer Biomet Holdings Inc.,
Cochlear Co., Medtronic plc, Abbott Laboratories Ltd., Boston Scientific Co.,
and Philips N.V.
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