October, 2024
The rising prevalence of epilepsy, cardiac disorders, Parkinson's disease along with a growing geriatric population is driving growth in the microelectronic medical implants market. Currently approximately 50 million people in the world have epilepsy, out of which over 40 million or 80% live in developing countries. In developing countries 80-90% of people with epilepsy do not receive appropriate treatment. In up to 70% of people with epilepsy, it responds to treatment. However, this issue isn’t restricted to emerging economies. Around 90,000 people are diagnosed with Parkinson's disease every year in the US.
Increasing incidence of cardiovascular diseases like coronary artery disease and stroke is necessitating the use of advanced implants such as pacemakers and defibrillators. 5% of the global people will have at least one seizure in their lives. To combat these healthcare problems, the growing number of regulatory approvals for new devices and launch of new products are playing key roles which further expanding the market globally. The need for healthcare is rising in established economies as well. In 2020, stroke accounted for approximately 1 of every 21 deaths in the United States. According to 2021 US data, most of the adult Out of Hospital Cardiac Arrests (OHCA) occur at a home or residence. It was estimated to be 73.4%.
Technological advancement in healthcare devices is notable, devices based on RF technology and neurostimulators are witnessing rapid growth globally. Also, increasing recognition and benefits of neurostimulation therapy are driving the markets growth further.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form
URL TO BE USED AS REFERENCE LINK:
Placeholder content for this accordion, which is intended to demonstrate the .accordion-flush class. This is the first item's
accordion body.
Placeholder content for this accordion, which is intended to demonstrate the .accordion-flush class. This is the second item's
accordion body. Let's imagine this being filled with some actual content.
Placeholder content for this accordion, which is intended to demonstrate the .accordion-flush class. This is the third
item's accordion body. Nothing more exciting happening here in terms of content, but just filling up the space to make it look, at least at
first glance, a bit more representative of how this would look in a real-world application.
Do you still any question?
Feel free to contact us anytime using our contact form or visit our FAQ page.
Your contact to the Infographics Newsroom
