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Microelectronic Medical Implants Market Size To Represent 9.1% CAGR Till 2022 | Industry Share, Dynamics, Emerging Trends, Profile and Key Players

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rahul kumar
Microelectronic Medical Implants Market Size To Represent 9.1% CAGR Till 2022 | Industry Share, Dynamics, Emerging Trends, Profile and Key Players

Jul 18, 2019 (AB Digital via COMTEX) -- The global Microelectronic Medical Implants Market size will grow at a CAGR of 9.1% over the forecast period of 2018-2022, reveals a research report published by Market Research Future (MRFR).

Such cardiac diseases accelerate the demand for medical implants such as Pacemakers, Defibrillators, and Neurostimulators which positively impact the microelectronic medical implants market growth.

Other driving factors include increased expenditure on medical facilities, rising government support and investment from crucial players on R activities which leads to innovation of novel products.

FDA imposes stringent regulations on approval of such devices which makes clearance a tedious and lengthy process and is a key hindrance to the growth of the market.

Other restraining factors include high costs associated with them and failure of such medical implants.

Microelectronic Medical Implants Market Segmentation:

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