The Medical Electronics Market with Covid-19 Impact Analysis is expected to reach USD 8.8 billion by 2026 from USD 6.3 billion in 2021, at a CAGR of 6.9% during 2021-2026 period.
The rapid growth of
the global medical electronics market is attributed to the some of the driving
factors such as the aging population and increasing life expectancy ,
increasing adoption of IoT-based smart medical devices, escalating demand for
portable medical devices and wearable electronics, growing use of radiation
therapy in diagnosis and treatment of diseases and existing favorable healthcare
reforms and financial assistance by governments for senior citizens.
Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104528355
Sensors to hold largest market share during forecast period in
the medical electronics market
Sensors
accounted for the largest market size for different components in the medical
electronics market. The reduction in the size of sensors and the adoption of
MEMS technology has opened new application areas for sensors, thereby surging
the demand for these sensors. The market for flow sensors is projected to grow
at the significant rate during the forecast period owing to the rising demand
for ventilators, respiratory systems, and other life support systems due to
COVID-19.
Minimally invasive medical devices is expected to witness the
highest growth rate during the period 2021 and 2026
The
minimally invasive medical devices are expected to show the highest growth rate
during the forecast period. Minimally invasive medical devices have transformed
surgical procedures by reducing the size of the incision, shortening or
eliminating hospital stays, and improving recovery time and overall outcome of
the patients. Minimally invasive procedures involve the use of laparoscopic,
endoscopic, or catheter-based solutions, which are becoming more common.
Inquiry before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=104528355
Americas to hold largest share of medical electronics market
during forecast period
The Americas holds
the largest share in the global medical electronics market. The major factors
driving market growth include the increasing adoption of connected medical
devices, the growing use of technologically advanced medical imaging devices,
the rising influence of disruptive technologies such as IoT and AI in the
healthcare sector. 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.
No comments:
Post a Comment