Medical Electronics Market – Global Industry Analysis and Forecast (2018-2026)
Medical Electronics Market is expected to reach US$ 4.2 Billion by 2026 at a CAGR of 5% during the forecast period. Medical electronics deals with the electronics components and equipment used for medical applications.
Standard of living, alertness towards healthier lifestyle and adoption of wearable electronics devices in medical application are driving growth for medical electronics market. In addition to this, it is the increasing use of telemetry and remote monitoring devices in medical application that is expected to grow medical electronics market in the forecast period of 2018-2026. Strict regulatory process for product approval and high maintenance cost are limiting the growth for medical electronics market acting as major restraints for the overall market.
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Medical electronics market is segmented by component, product type, application and region. By component, medical electronics market is segmented into memory devices, displaysmicroprocessors/microcontrollers, sensors and batteries. The component batteries for healthcare application is expected to grow at a high rate during the current forecast period owing to increasing demand of wireless medical device, which have a long battery life. High density batteries in wearable medical devices are further driving the growth for medical electronics market.
Based on the product type, medical electronics market is segmented mainly segmented into invasive and non-invasive. Invasive product type includes pacemakers, implantable loop recorders, spinal cord stimulators, gastric electric stimulators and endoscopes. Non-Invasive is subdivided into imaging devices and monitoring devices. Monitoring devices are expected to grow at the highest rate owing to increasing demand in patient monitoring devices as well as monitoring of patients in ambulatory care center and home care center.
By application medical electronics market segmented into monitoring, treatment and diagnosis. Monitoring application is expected to grow at a high rate owing to increasing adoption of telemetry and remote monitoring devices for patient monitoring applications. Monitoring devices provides the capability of monitoring patient health from long distance.
North America is expected hold the largest market share in a medical electronics market owing to improved healthcare infrastructure in this region. Technological advancement in the medical technology is driving the growth in medical electronics market in North America. Technological innovation and technological portability with other medical equipment are some of the other factors boosting growth of medical electronics market.
Some of the major key players for medical electronics market include Texas instruments, Angiotech Pharmaceuticals, Carestream Health, Allengers Medical, and Maxim Integrated are providing medical electronics services and contributing into the growth of medical electronics market.
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Scope of the report for Medical electronics market:
Medical electronics market, by component
• Memory Devices
• Displays
• Microprocessors/Microcontrollers
• Sensors
• Batteries
Medical electronics market, by product type
• Invasive
• Non-Invasive
Medical electronics market, by application
• Monitoring
• Treatment
• Diagnosis
Medical electronics market, by geography
• North America
• Europe
• APAC
• Latin America
Key players, Medical Electronics Market
• Texas instruments
• Boston Scientific,
• Olympus,
• On Semiconductor,
• Angiotech Pharmaceuticals,
• Carestream health,
• Allengers Medical
• Maxim Integrated.
• GE Healthcare,
• Phillips,
• Siemens,
• Medtronic,
• 3M,
• Fujifilm,
• Hitachi,
• Samsung
• Toshiba.
Browse Full Report with Facts and Figures of Medical Electronics Market Report at: https://www.maximizemarketresearch.com/market-report/medical-electronics-market/13747/
MAJOR TOC OF THE REPORT
Chapter One: Medical Electronics Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Medical Electronics Market Competition, by Players
Chapter Four: Global Medical Electronics Market Size by Regions
Chapter Five: North America Medical Electronics Revenue by Countries
Chapter Six: Europe Medical Electronics Revenue by Countries
Chapter Seven: Asia-Pacific Medical Electronics Revenue by Countries
Chapter Eight: South America Medical Electronics Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Medical Electronics by Countries
Chapter Ten: Global Medical Electronics Market Segment by Type
Chapter Eleven: Global Medical Electronics Market Segment by Application
Chapter Twelve: Global Medical Electronics Market Size Forecast (2019-2026)
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