Driving factor such as, increasing burden of cardiovascular diseases, neurological disorders & hearing disorders, increasing technological advancements, and large pool of geriatric population. However, high costs of the products and procedures and high rates of product recalls are likely to hinder the market growth. Additionally, the future trends such as product innovations is likely to increase the growth of the microelectronic medical implants market in the forecasted period. In developed and maturing markets, major micro-electronic medical implants companies are seeking for market growth by developing novel products. Growing demand for high quality healthcare services and products poses a need for rapid product innovations. Hence, over the years, companies are developing new products in order to meet the rising healthcare needs.
