According to
the new market research report "Medical Electronics Market by Component
(Sensors, MCUs/MPUs, Displays, Memory Devices, Batteries), Application (Patient
Monitoring, Diagnostic Imaging, Medical Implants), Product (Invasive,
Non-Invasive), and Region - Global Forecast to 2025", published by
MarketsandMarkets™, the Medical Electronics Market is estimated to be
worth USD 5.1 billion in 2019 and is expected to
reach USD 6.6 billion by 2025, at a CAGR of 4.6%
from 2019 to 2025.
Ask for PDF
Brochure:
The rapid
growth of the medical electronics market can be attributed to the rising
incidents of chronic diseases; increasing adoption of medical imaging,
monitoring, and implantable devices; rising expenditure on healthcare across
the world; and a growing elderly population. Increasing demand for early
disease diagnosis and widening scope of clinical applications, technological
advancements in diagnostic imaging modalities, and rising investments, funds,
and grants by public-private organizations are some of the other factors
driving the growth of this market.
Medical
electronics market for batteries to hold the largest share during the forecast
period
Increasing
demand for high power portable medical devices, such as cardiac monitors,
respiratory monitors, hemodynamic monitors, and implantable devices, is the
major factor accelerating the growth of batteries in the medical electronics
industry. As most of the medical devices are being computerized for better
diagnosis and monitoring, the number of battery-powered medical devices is
growing rapidly. Unexpected failure or depletion of the battery can stop the
device from functioning properly, preventing it from delivering a lifesaving
therapy. Therefore, there is a huge demand for safe and reliable batteries for
medical devices.
Non-invasive
medical devices are expected to hold the largest market share from 2019 to
2025
Factors such
as the rising government subsidies on medical devices, increasing adoption of
IoT-based medical devices, surging demand for digital radiography systems, and
growing use of flat-panel detectors (FPDs) contribute to the augmented demand
for non-invasive products in the medical electronics market.
Patient
monitoring application held the largest share of the medical electronics market
in between 2019 and 2025
Factors such
as the easy availability of wireless monitoring devices and the rising
incidence of lifestyle and chronic diseases are expected to drive market growth
during the forecast period. The growing demand for patient monitoring devices
in non-hospital settings is also expected to provide a range of growth
opportunities for players in the market. The integration of patient monitoring
technologies in smartphones and wireless devices is a critical trend for
patient care, resulting in increasing adoption of patient remote monitoring
systems, mobile cardiac telemetry devices, mobile personal digital assistant
(PDA) systems, ambulatory wireless EEG recorders, and ambulatory event
monitors.
Americas
expected to hold the largest share of the medical electronics market during the
forecast period
The Americas
accounted for the largest share of the global medical electronics market in
2018. Factors such as the rise in the geriatric population, presence of
advanced healthcare infrastructure, and high healthcare expenditure are
supporting the growth of the medical electronics market in the Americas. The
medical electronics market has seen tremendous growth in terms of technological
advancements, increased healthcare expenditure as a percentage of total GDP,
and integration of health information technology (IT) into primary care. The
region is home to a few of the leading medical devices and medical electronics
companies in the world, such as Johnson & Johnson (US), General Electric
(US), Baxter, Medtronic (US), and Cardinal Health Inc. (US), offering medical
electronics. The region provides an ideal environment for innovation, which has
facilitated massive advancements in medical technology.
Browse in-depth
TOC on "Medical Electronics Market"
175 – Tables
69 – Figures
254 – Pages
Request
Sample Pages of the Report:
The report
profiles key players, including Analog Devices (US), Texas Instrument (US), TE
Connectivity (Switzerland), Medtronics Plc (Ireland), ST Microelectronics (Switzerland), NXP Semiconductors (Netherlands), (US), Maxim Integrated Products (US), ON
Semiconductor (US), Renesas Electronics Corporation (Japan),
Microchip Technology (US), Tekscan, (US), Monebo (US), Cirtec Medical (US),
First Sensor (Germany), Sensirion (Switzerland), Innovative Sensor Technology (Switzerland), Keller America (US), and Merit Medical
Systems (US).
No comments:
Post a Comment