Global Medical Electronics Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.2 % from 2018 to 2025. In 2017, the global market valuation was USD 5.4 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Increased preferences for minimally invasive operations will encourage market growth in medical electronics during the analytical period. In minimally invasive surgeries, adoption of medical electronic devices, such as patient monitors and other diagnostic equipment is high. Minimally invasive operations are safe, patient-friendly, and economical. This means that these techniques are used in various healthcare industries that have a positive effect on medical device demand. In addition, the rules implied on medical electronic device manufacturers ensure superior quality of upgraded medical instruments, which further enhances their application in surgical procedure and intensifies the industries ' growth in the foreseeable future.
The industry growth over coming years is triggered by technological progress in the field of medical electronic devices. Key players in the industry are constantly concentrating on the integration of advanced technology in devices for precise and effective diagnosis and treatment. In addition, the government implements several decisions in emerging economies, such as reductions in prices of medical electronic devices. These decisions have a positive effect on resolving the affordability problems on demand for medical electronic devices.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global medical electronics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical electronics market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Component Insights: On the basis of component, global medical electronics market has been segmented into sensors, MCUs/MPUs, displays, memory devices, batteries. Medical electronics market for batteries is expected to witness high growth in forecast period. A major factor accelerating battery growth on the medical electronics market is increased demand for high-power portable medical equipment, such as cardiac monitors, air monitoring and implantable devices. The number of battery powered medical appliances is proliferating as most medical devices are computerized for better diagnostics and monitoring. Unforeseen failure or depletion of the battery can prevent the unit from working properly and prevent lifesaving therapy from being delivered. There is therefore an enormous demand for safe and reliable medical device batteries.
By Application Insights: On the basis of application, global medical electronics market has been segmented into patient monitoring, diagnostic imaging, medical implants. Among which patient monitoring segment is expected to witness high growth in forecast period. The market growth over the forecast period will be driven by factors such as ease of access to wireless surveillance devices and the increased incidence of lifestyle and chronic disease. A range of growth opportunities for players in the market are also expected to provide increasing demand for patient monitoring equipment in non-hospital settings.
The medical electronics market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In 2018, the Americas represented the largest share of the world's medical electronics market. The growth of the market in the Americas is driven by such factors as the increase in geriatric population, the presence of advanced healthcare infrastructure and high health care expenditures. In terms of technological developments, increased healthcare expenditure as a percentage of the total GDP, and the integration of health information technologies in primary care, the Medical Electronics market has seen enormous growth. The Asia Pacific medical electronics market is expected to experience profitable growth in the period predicted by the growing geriatric population vulnerable to chronic diseases and infections. Increasing use of electronic medical devices used for diagnostic and treating chronic diseases has reduced mortality rates that are good for the growth of industry. Moreover, governmental efforts to ensure the availability of high-performance medical electronic devices in developing countries, such as China, encourage regional growth in the next few years.
Global Medical Electronics Market Size, Share Analysis by Region 2018.
Global Medical Electronics Market Study Objective
1. To forecast the market size of medical electronics market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of medical electronics market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of medical electronics market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of medical electronics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the medical electronics market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Analog Devices, Texas Instrument, TE Connectivity, Medtronics Plc., ST Microelectronics, NXP Semiconductors, Maxim Integrated Products, ON Semiconductor, Renesas Electronics Corporation, Microchip Technology, Tekscan, Monebo, Cirtec Medical, First Sensor, Sensirion, Innovative Sensor Technology, Keller America, and Merit Medical Systems are some of the key players in the market of medical electronics.
Global Medical Electronics Market Study Report Offer You!
The global medical electronics market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online