Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 5.81 Billion

Market Size (2029)

USD 8.80 Billion

CAGR (2024-2029)

7.24%

Fastest Growing Segment

Therapeutics

Largest Market

North America

Market Overview

Global Medical Electronics Market was valued at USD 5.81 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.24% through 2029. Medical electronics encompasses the design, implementation, and utilization of electrical devices and equipment for various medical applications, including study, examination, diagnosis, treatment, assistance, and care. In the field of medicine, electronic devices are rapidly being integrated for therapy, diagnosis, and rehabilitation, playing a crucial role in delivering enhanced patient services. Medical electronics, as a subset of electronics, focuses on the utilization of medical equipment and instruments in applications such as research, diagnosis, therapy, anesthetic control, surgery, and heart monitoring. The discipline of medical electronics engineering combines principles and methodologies from medicine, environmental science, and engineering. Semiconductors have emerged as a fundamental component in medical electronics equipment, enabling cost-effective solutions and expanding the accessibility of these devices. With remote health data availability, precise billing mechanisms, improved healthcare quality, and enhanced accuracy in output, patient information can be easily updated and managed.

Key Market Drivers

Increasing Geriatric Population

The increasing geriatric population around the world has spurred a remarkable surge in the demand for medical electronics, revolutionizing healthcare. This demographic shift, driven by longer life expectancies and declining birth rates, presents unique challenges and opportunities for the healthcare industry. As individuals age, they often require more frequent and specialized medical attention. Medical electronics, a broad category encompassing devices such as pacemakers, insulin pumps, wearable health monitors, and telemedicine equipment, have become indispensable tools in addressing the evolving healthcare needs of the elderly.

One of the primary reasons for the escalating demand for medical electronics among the geriatric population is the need for continuous monitoring and management of chronic health conditions. These devices empower seniors to maintain their independence and quality of life by offering real-time health data to both patients and healthcare providers. For instance, wearable devices can track vital signs, detect irregularities, and transmit this information remotely, enabling timely interventions and reducing hospitalizations.

Moreover, medical electronics facilitate telemedicine, allowing seniors to access medical consultations and advice from the comfort of their homes. This not only improves access to care but also reduces the burden on healthcare infrastructure. Additionally, innovations in medical electronics are enhancing early disease detection and prevention, which is crucial in managing age-related illnesses. The expanding geriatric population is reshaping the healthcare landscape and driving the need for innovative medical electronics. These technologies are pivotal in enhancing the quality of life for older adults, ensuring they receive timely medical attention, and alleviating the strain on healthcare systems. As the elderly population continues to grow, the demand for advanced medical electronics is expected to remain on a steadfast upward trajectory.

Rising Application of Imaging Devices

The burgeoning application of imaging devices in modern healthcare has ignited a significant surge in the demand for medical electronics. Imaging technologies such as magnetic resonance imaging (MRI), computed tomography (CT) scans, ultrasound, and digital X-ray have transformed medical diagnostics and treatment planning. These advanced imaging tools offer precise, non-invasive insights into the human body, aiding in the detection, diagnosis, and monitoring of various medical conditions.

As medical imaging continues to play an increasingly pivotal role in healthcare, the demand for medical electronics has skyrocketed. These electronic components are the backbone of imaging systems, responsible for capturing, processing, and transmitting the intricate data that medical professionals rely on for accurate diagnoses and treatment decisions.

Furthermore, the integration of artificial intelligence (AI) and machine learning algorithms with imaging devices has further fueled the demand for medical electronics. AI-driven image analysis can expedite the interpretation of complex medical images, improving diagnostic accuracy and efficiency. This synergy between medical electronics and AI not only enhances patient care but also has the potential to reduce healthcare costs by streamlining processes and reducing the need for repeated imaging.

Increasing Burden of Chronic and Infectious Diseases

The rising burden of chronic and infectious diseases worldwide has catalyzed an unprecedented demand for medical electronics, revolutionizing healthcare delivery and patient management. Chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders, along with recurring outbreaks of infectious diseases like the COVID-19 pandemic, have placed immense pressure on healthcare systems. Medical electronics have emerged as indispensable tools in tackling these mounting challenges.

For individuals suffering from chronic ailments, medical electronics have provided a lifeline. Devices like insulin pumps, continuous glucose monitors, and cardiac pacemakers offer precise, real-time monitoring and management of these conditions. This not only improves patients' quality of life but also reduces the risk of complications, hospitalizations, and healthcare costs.

In the case of infectious diseases, medical electronics have played a crucial role in early detection and monitoring. Rapid diagnostic tests, PCR machines, and portable monitoring devices have enabled healthcare providers to swiftly identify infections, track their progression, and manage treatment regimens effectively. Furthermore, contact tracing and quarantine enforcement have been significantly enhanced through electronic tools and apps.

Growing Adoption of Technologically Advanced Medical Electronics

The growing adoption of technologically advanced medical electronics is reshaping the healthcare landscape, propelling a substantial increase in the demand for these cutting-edge devices. In an era marked by rapid technological innovation, medical electronics are at the forefront of transforming patient care and medical diagnostics. Advanced medical electronics, including robotic surgical systems, precision-guided instruments, and real-time monitoring devices, have significantly improved the precision and safety of surgical interventions. These technologies enable healthcare professionals to perform intricate surgeries with higher accuracy and reduced patient recovery times. The integration of artificial intelligence (AI) and machine learning into medical electronics has revolutionized diagnostics and patient management. AI-powered diagnostic tools can rapidly analyze vast amounts of medical data, leading to quicker and more accurate disease detection. This not only enhances patient outcomes but also streamlines the diagnostic process, reducing healthcare costs. The growing adoption of technologically advanced medical electronics is revolutionizing healthcare by improving patient care, diagnostics, and accessibility. As technology continues to evolve, the demand for innovative medical electronics is poised to escalate, driving ongoing advancements in the field and enhancing the overall quality of healthcare delivery.


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Key Market Challenges

Ramped up Regulatory Scrutiny

The ramped-up regulatory scrutiny in the field of medical electronics has introduced both challenges and opportunities, affecting the demand for these devices. While stringent regulations are essential to ensure patient safety and the efficacy of medical electronics, they can also act as a double-edged sword by potentially impeding innovation and market growth.

One significant impact of increased regulatory scrutiny is the prolonged time and higher costs associated with getting medical electronics to market. Manufacturers must navigate a complex web of regulations and standards to gain approval for their devices. This can result in longer development timelines and increased expenses, which can hinder smaller companies with limited resources from entering the market. Consequently, some innovative solutions might be delayed or never reach commercialization due to regulatory burdens.

Moreover, the requirement for rigorous testing and documentation can deter investment in research and development. Companies may be hesitant to invest in cutting-edge technologies if they anticipate an arduous and uncertain regulatory approval process. This can stifle innovation and limit the diversity of medical electronics available to healthcare providers and patients.

On the positive side, heightened regulatory scrutiny can enhance the overall quality and safety of medical electronics. Patients and healthcare professionals can have greater confidence in the reliability and effectiveness of these devices. Furthermore, a robust regulatory framework can help prevent the proliferation of subpar or potentially harmful medical electronics in the market.

High Cost and Maintenance

The high cost and maintenance requirements associated with medical electronics have presented significant hurdles that can hamper their widespread adoption and demand within the healthcare sector. While these devices offer cutting-edge technology and transformative capabilities, their financial implications have become a significant consideration for healthcare providers and institutions. Many advanced medical electronic devices, such as MRI machines, robotic surgical systems, and high-resolution imaging equipment, come with substantial price tags. These expenses are often beyond the means of smaller healthcare facilities and resource-constrained regions, limiting their access to state-of-the-art technology. Moreover, even well-established hospitals and healthcare providers must carefully weigh the return on investment before acquiring expensive medical electronics.

Maintenance costs further compound the financial burden. High-end medical electronics require specialized technicians for installation, regular servicing, and calibration. These ongoing maintenance expenses can strain healthcare budgets, especially when multiple complex devices are in use. Additionally, the downtime during maintenance can disrupt patient care and schedules.

The need for staff training is another cost factor. Healthcare professionals must be trained to operate and troubleshoot these intricate devices effectively. Training programs require resources and time, adding to the overall cost of integrating medical electronics into healthcare practices.

Key Market Trends

Rising Demand for Medical Electronics for Healthcare Automation And Digitalization

Hospitals worldwide are increasingly implementing automation in various routine activities, such as the admission process, emergency room operations, and drug supply, due to the growing demand from patients. The utilization of electronic devices in the treatment of Noncommunicable Diseases (NCDs) is on the rise. According to the World Health Organization (WHO), NCDs contribute to 41 million deaths annually, accounting for 74% of all global deaths.

Furthermore, the expanded use of imaging devices in screening, therapy, and intervention is a significant driver of market demand. The escalating number of clinical trials for medical devices is accelerating the development of new products. In the United States, the Food and Drug Administration (FDA) has approved groundbreaking technologies, such as FLASH therapy and radio ablation (CRA) systems, for the treatment of refractory Ventricular Tachycardia (VT), leveraging automation and digitalization in the healthcare industry.

Additionally, the increasing digitalization will enhance laboratory productivity and enable better integration of diagnostic test results into clinical decision-making. Medical electronics systems are extensively utilized in pharmaceutical and biotechnology companies for cell and gene analysis, drug development, and Deoxyribonucleic Acid (DNA) structural analysis. Companies are actively developing algorithms to extract and analyze large volumes of clinical data. These factors are anticipated to drive market growth throughout the forecast period.

Development of New Applications for Medical Devices

Medical devices are being used in new and innovative ways, revolutionizing healthcare and presenting exciting opportunities for market growth. For instance, these devices are not only monitoring patients at home but also enabling remote patient care, allowing healthcare professionals to provide timely and efficient support from a distance. This means that individuals can receive necessary medical attention and guidance without the need for physical visits, especially beneficial for those who live in remote areas or have limited mobility.

Moreover, advanced medical devices have reached new heights in precision drug delivery. By targeting specific areas of the body with accuracy, these devices maximize treatment efficacy while minimizing side effects. This level of precision opens up possibilities for personalized medicine, where treatments can be tailored to an individual's unique needs and condition.

The continuous evolution and application of medical devices are reshaping the landscape of healthcare, bringing about enhanced patient outcomes and improved quality of life. With ongoing advancements in technology and the increasing integration of artificial intelligence, medical devices are poised to play an even more significant role in the future of healthcare, offering new solutions and possibilities for improved diagnostics, treatment, and patient care.

Segmental Insights

Product Type Insights

Based on the product type, the Therapeutics segment emerged as the leading segment in 2023. This can be attributed to the rising prevalence of chronic diseases and the surging healthcare expenditure, which has significantly fuelled the demand for various medical electronics. These include pacemakers, implantable devices, respiratory care devices, and robotics, among others, that are being used across the globe. Specifically, cardiovascular diseases, respiratory diseases, and neurological disorders have emerged as the top contributors to the growth of the medical electronics market. According to the World Health Organization (WHO), cardiovascular diseases alone account for approximately 32% of global deaths, making them the leading cause of mortality worldwide.

This increasing demand for medical electronics is driven by the need for advanced and innovative technologies that can assist in the diagnosis, treatment, and management of these diseases. As a result, the medical electronics industry is witnessing significant advancements in terms of research, development, and adoption of cutting-edge technologies. In conclusion, the Therapeutics segment has emerged as the frontrunner in the medical electronics market due to the rising prevalence of chronic diseases and the need for advanced healthcare solutions. With cardiovascular diseases, respiratory diseases, and neurological disorders being the major contributors, the demand for medical electronics is expected to continue its upward trajectory in the coming years.


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Regional Insights

North America, comprising the United States and Canada, stands out as the largest and most influential market for medical electronics. This dominance can be attributed to several key factors. The region has a high prevalence of chronic diseases, which drives the demand for advanced medical electronic devices and solutions. The aging population in North America necessitates the availability of cutting-edge medical technologies to address their evolving healthcare needs. The region exhibits a remarkable adoption rate of medical electronics, with healthcare facilities and practitioners embracing these innovative tools to enhance patient care and outcomes.

Europe has the second largest market for medical electronics. The region boasts a sophisticated healthcare infrastructure and a strong emphasis on research and development in the medical field. This, coupled with the rising healthcare expenditure and increasing awareness about technological advancements, fuels the demand for medical electronics in Europe.

In the Asia Pacific region, witness a rapidly growing market for medical electronics. Factors such as the expanding population, rising disposable income, and the increasing burden of chronic diseases contribute to the surging demand for advanced medical devices and solutions. Additionally, governments in countries like China, Japan, and South Korea are actively promoting the adoption of medical electronics to improve healthcare accessibility and quality. Overall, the global market for medical electronics presents immense opportunities for innovation and growth, driven by the diverse healthcare needs and technological advancements across different regions.

Recent Developments

  • In April 2023, Compal Electronics, a leading Taiwanese electronics firm, revealed its venture into the development of cutting-edge therapeutic medical devices. The company has introduced a novel radiofrequency ablation (RFA) system designed for percutaneous and intraoperative coagulation and ablation of soft tissue. This system is engineered to facilitate partial or complete ablation of non-resectable liver lesions. Additionally, Compal has introduced a Bilevel ventilator specifically tailored for managing chronic obstructive pulmonary disease (COPD) and respiratory insufficiency arising from central and/or mixed apneas.

Key Market Players

  • Medtronic plc
  • General Electric Company
  • Siemens Healthineers AG
  • Koninklijke Philips N.V.
  • Abbott Laboratories, Inc.
  • Becton, Dickinson and Company
  • Fujifilm Holdings Corporation
  • Johnson & Johnson
  • Hitachi, Ltd.
  • Canon Medical Systems Corporation

 

 By Product Type

By End User

By Region

  • Therapeutics
  • Diagnostics
  • Hospital
  • Ambulatory Surgical Centre
  • Clinics
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Medical Electronics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Medical Electronics Market, By Product Type:

o   Therapeutics

o   Diagnostics

  • Medical Electronics Market, By End User:

o   Hospital

o   Ambulatory Surgical Centre

o   Clinics

o   Others

  • Medical Electronics Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Medical Electronics Market.

Available Customizations:

Global Medical Electronics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Medical Electronics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Medical Electronics Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type (Therapeutics and Diagnostics)

5.2.2.    By End User (Hospital, Ambulatory Surgical Centre, Clinic and Others)

5.2.3.    By Region

5.2.4.    By Company (2023)

5.3.  Market Map

6.    North America Medical Electronics Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type

6.2.2.    By End User

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Medical Electronics Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Product Type

6.3.1.2.2.            By End User

6.3.2.    Canada Medical Electronics Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Product Type

6.3.2.2.2.            By End User

6.3.3.    Mexico Medical Electronics Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Product Type

6.3.3.2.2.            By End User

7.    Europe Medical Electronics Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By End User

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Medical Electronics Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Product Type

7.3.1.2.2.            By End User

7.3.2.    United Kingdom Medical Electronics Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Product Type

7.3.2.2.2.            By End User

7.3.3.    Italy Medical Electronics Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.            By Product Type

7.3.3.2.2.            By End User

7.3.4.    France Medical Electronics Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Product Type

7.3.4.2.2.            By End User

7.3.5.    Spain Medical Electronics Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Product Type

7.3.5.2.2.            By End User

8.    Asia-Pacific Medical Electronics Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By End User

8.2.3.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Medical Electronics Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Product Type

8.3.1.2.2.            By End User

8.3.2.    India Medical Electronics Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Product Type

8.3.2.2.2.            By End User

8.3.3.    Japan Medical Electronics Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Product Type

8.3.3.2.2.            By End User

8.3.4.    South Korea Medical Electronics Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.            By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.            By Product Type

8.3.4.2.2.            By End User

8.3.5.    Australia Medical Electronics Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.            By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.            By Product Type

8.3.5.2.2.            By End User

9.    South America Medical Electronics Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By End User

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Medical Electronics Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Product Type

9.3.1.2.2.            By End User

9.3.2.    Argentina Medical Electronics Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Product Type

9.3.2.2.2.            By End User

9.3.3.    Colombia Medical Electronics Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Product Type

9.3.3.2.2.            By End User

10.  Middle East and Africa Medical Electronics Market Outlook

10.1.            Market Size & Forecast         

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Product Type

10.2.2. By End User

10.2.3. By Country

10.3.            MEA: Country Analysis

10.3.1. South Africa Medical Electronics Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product Type

10.3.1.2.2.         By End User

10.3.2. Saudi Arabia Medical Electronics Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product Type

10.3.2.2.2.         By End User

10.3.3. UAE Medical Electronics Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product Type

10.3.3.2.2.         By End User

11.  Market Dynamics

11.1.            Drivers

11.2.            Challenges

12.  Market Trends & Developments

12.1.            Merger & Acquisition (If Any)

12.2.            Product Launches (If Any)

12.3.            Recent Developments

13.  Porters Five Forces Analysis

13.1.            Competition in the Industry

13.2.            Potential of New Entrants

13.3.            Power of Suppliers

13.4.            Power of Customers

13.5.            Threat of Substitute Products

14.  Competitive Landscape

14.1.            Medtronic plc

14.1.1. Business Overview

14.1.2. Company Snapshot

14.1.3. Products & Services

14.1.4. Financials (As Reported)

14.1.5. Recent Developments

14.1.6. Key Personnel Details

14.1.7. SWOT Analysis

14.2.            General Electric Company

14.3.            Siemens Healthineers AG

14.4.            Koninklijke Philips N.V.

14.5.            Abbott Laboratories, Inc.

14.6.            Becton, Dickinson and Company

14.7.            Fujifilm Holdings Corporation

14.8.            Johnson & Johnson

14.9.            Hitachi, Ltd.

14.10.         Canon Medical Systems Corporation

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Medical Electronics Market was estimated to be USD 5.81 Billion in 2023.

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The therapeutics segment stands as the driving force in the global medical electronics market. This growth can be attributed to the increasing demand for Therapeutics devices, which play a vital role in diagnosing and treating various medical conditions.

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The Medical Electronics Market in North America emerged as the dominant region in the industry in 2023. This can be attributed to several key factors, including the soaring healthcare costs, the steady rise in income levels, and the widespread acceptance of state-of-the-art medical electronic equipment in the region.

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Increasing Geriatric Population, Rising Application of Imaging Devices, Increasing Burden of Chronic and Infectious Diseases are the major drivers for the Global Medical Electronics Market.

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Sakshi Bajaal

Business Consultant
Press Release

Medical Electronics Market to Grow with a CAGR of 7.24% through 2029

Apr, 2024

Rising application of imaging devices and increasing burden of chronic and infectious diseases is expected to drive the Global Medical Electronics Market growth in the forecast period, 2025-2029.