Microelectronic medical implants utilize integrated circuits (ICs) and microelectromechanical systems (MEMS) to cause physiological reactions in the body. They are designed to detect or diagnose bodily abnormalities and send electric signals to correct them as soon as they identify any disturbance. Microelectronics significantly enhances medical devices by reducing the size and power requirements of the sensors, actuators, cameras, and microprocessors used in surgical tools and patient care. Implantable medical devices offer solutions for diagnosing and monitoring various health conditions.
According to BCC Research, the global market for microelectronic medical implants will soar from $49.0 billion in 2024 to an impressive $85.1 billion by 2029! This represents a remarkable CAGR of 11.7% over the forecast period (2024-2029).