Global medical electronics market is anticipated
to witness significant growth during forecast period owing to increasing demand
for advanced healthcare facilities and growing geriatric population across the
globe. Medical electronics refer to those electrical equipment and devices
which are used for medical purposes such as examination, diagnosis, treatment
and assistance. Rising healthcare awareness and technological advancements are further
expected to boost the growth of global medical electronics market. Moreover,
rising number of lifestyle diseases and favorable regulatory policies for the
expansion of medical electronics industry are further anticipated to positively
influence global medical electronics market through 2024.
Global medical electronics market can be
segmented based on product type and end-user. Based on the product type, the
market can be bifurcated into diagnostics and therapeutic. Diagnostics product
type includes patient monitoring devices, PET/CT devices, MRI scanners,
ultrasound devices, X-ray devices and CT Scanners. Diagnostics segment is
expected to acquire major share due to increasing awareness regarding benefits
of early diagnosis. Therapeutic segment is another major segment which includes
pacemaker, implantable cardioverter-defibrillators, implantable loop recorders,
spinal cord stimulators, surgical robots and respiratory care devices. This
segment is expected to witness positive growth on account of increasing
prevalence of cardiovascular and neurological devices. In terms of end user,
the market can be segmented into hospital, ambulatory surgical centers, clinics
and others. Hospital segment acquired the majority share in global medical
electronics market as the hospitals covered under the public healthcare system
are equipped with advanced medical devices which is promoting the growth of medical
electronics in this sector.
Regionally, the market for medical electronics
is gaining traction and expanding to various regions including Asia-Pacific,
North America, Europe, South America and Middle East & Africa. North
America is leading global medical electronics market owing to improved
healthcare infrastructure and surging demand for medical electronics in the
region.
The major players operating in global
medical electronics market include Philips
Healthcare Pvt. Ltd., GE Healthcare Pvt. Ltd, Siemens AG, Medtronic Plc., Baxter
International Inc., etc. Major companies are developing advanced
technologies and launching new products in order to stay competitive in the
market. Other competitive strategies include mergers & acquisitions and new
product developments. GE Healthcare and Wipro inked partnership in order to attain
effective management, resource mobilization, and higher growth.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of global medical
electronics market.
- To classify and forecast global medical electronics
market based on product type, end-user and regional distribution.
- To identify drivers and challenges for global medical electronics
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global medical electronics
market.
- To conduct pricing analysis for global medical electronics market.
- To identify and analyze the profile of leading players operating in
the global medical electronics market.
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Some of the leading players in global medical electronics market
are Philips Healthcare Pvt.
Ltd., GE Healthcare Pvt. Ltd, Siemens AG, Medtronic Plc., Baxter International
Inc., etc.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufacturers,
distribution channels and presence of all major players across the globe.
TechSci
Research calculated the market size of global medical electronics market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Original device manufacturers (ODMs)
- System integrators
- Research organizations and consulting
companies
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
medical electronics
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers and
partners, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, global medical
electronics market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Product Type:
- Therapeutic
- Pacemaker
- Implantable
Cardioverter-Defibrillators
- Implantable Loop Recorders
- Spinal Cord Stimulators
- Surgical Robots
- Respiratory Care Devices
- Diagnostics
- Patient Monitoring Devices
- PET/CT Devices
- MRI Scanners
- Ultrasound Devices
- X-rays Devices
- CT Scanners
- Market, By End-User:
- Hospital
- Ambulatory surgical centers
- Clinics
- Others
- Market, By
Region:
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Europe
- United Kingdom
- France
- Spain
- Germany
- Italy
- North America
- United States
- Mexico
- Canada
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Israel
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company Profiles: Detailed analysis of the major companies
present in global medical electronics market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according the 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).
It 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 sales@techsciresearch.com