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Microelectronic medical implants to grow 12% CAGR until 2012

Posted: 17 Jun 2011 ?? ?Print Version ?Bookmark and Share

Keywords:microelectronic? medical implants? market growth?

According to MarketResearch.com's report "Microelectronic Medical Implants: Products, Technologies & Opportunities," the microelectronic medical implant market is seen to continuously grow until 2012 with a CAGR of 12 percent.

The global market for microelectronic medical implants was worth an estimated $11.7 billion in 2006. The market was projected to grow to $12.6 billion in 2007 and is now seen to reach $22.1 billion in 2012 at a CAGR of 11.9 percent from 2007 to 2012.

Cardiac implants were by far the largest market segment in 2006, accounting for more than three-quarters of total implant sales. Neurostimulators were the second largest market segment, with about 9 percent of the market, followed by accessories such as leads and electrodes, with a 7 percent market share.

However, the market for neurostimulators is projected to grow over twice as fast as the market for cardiac implants from 2007 to 2012, that is, at a CAGR of 20 percent vs. 10 percent respectively.

The report is both a survey of products in the marketplace and a preview of things to come. The goal of the report is to examine market opportunities for the microelectronic medical implant industry and the technologies that make possible the more advanced products that are rapidly coming into being.





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