The medical electronics market,
in terms of value, is estimated to grow at a CAGR of 5.4% between 2016 and
2022. The market for medical electronics is expected to reach USD 4.41 Billion
by 2022.
The factors
driving the medical electronics market are rising ageing population and growing
lifestyle diseases; rising demand for personalized, easy to use, and advanced
healthcare devices; and increasing adoption of wearable electronics.
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Non-invasive product market is expected to hold the largest share
of the medical electronics market by 2022
The market
for non-invasive products accounted for the largest share in 2015. It is
expected to grow at a high CAGR between 2016 and 2022. The players of the
medical electronics market are concentrating on manufacturing portable ECG
devices which can be used at home by cardiac patients. ECG devices are used for
cardiac treatment, and various products are being designed to provide the ease
of usage to patients.
APAC expected to grow at the highest CAGR during forecast period
The market
in APAC is expected to grow at the highest CAGR between 2016 and 2022. The
increasing population with respiratory diseases such as sleep apnea and the
aging population are the major drivers for the medical electronics market in
APAC region. The medical electronics market in APAC is set to grow because of
technological advancements and increased awareness amongst population. The APAC
is the fastest-growing region in terms of technological advancement, healthcare
infrastructure, and so on.
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The report
also profiles the most promising players in the medical electronics market. The
key players in the medical electronics market are Philips Healthcare
(Netherlands), Siemens Healthcare (Germany),Medtronic Plc. (Ireland), Analog
Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), STMicroelectronics
N.V. (Switzerland), GE Healthcare, Inc. (U.S),and Texas Instruments (U.S).
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