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Medical Electronics Market by Component, Application, Product, and by Geography - Global Forecast to 2022

Medical Electronics Market: Global Forecast until 2022

  • September 2016
  • 212 pages
  • ID: 4194699
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"The overall medical electronics market to grow at an important rate"

The overall medical electronics market is forecasted to reach ~$4.4B by 2022, increasing at a compound annual growth rate (CAGR) of 5.40 percent between 2016 and 2022. The medical electronics market is anticipated to grow quickly owing to Elements such as growing ageing population and increasing lifestyle diseases; increasing demand for personalized, easy to use, and advanced healthcare devices; and growing adoption of wearable electronics. The main restraint that acts as barrier for the rise of medical electronics market includes stringent regulatory process for product approval and high maintenance and refurbishment costs. The medical electronics market is highly affected by the legislation and initiatives including rising clinical trial requirements for recent products from the governments and regulatory authorities. Over the years, the medical device approval guidelines and regulations across the globe have become more stringent to minimize errors combined with medical devices.

'Monitoring application is anticipated to increase at the maximal level rate during the outlook period'

The medical electronics market has been split on the basis of application into diagnostics and monitoring, Monitoring devices market is anticipated to rise at the highest level rate as a result of the growing use of patient monitoring devices in outpatient care departments, ambulatory care centers, and home care settings. Elements such as rising market uptake rates of the portable medical devices which are used in home healthcare establishments and an growing trend towards remote patient monitoring are also anticipated to contribute to the increase of the medical electronics market for patient monitoring applications in the next years.

"North America (NA) held the biggest market share in the medical electronics market during 2015"

Among all the geographic regions, North America continent is considered to be the biggest market for medical electronics. The industry in North America (NA) for medical electronics is influenced by several Elements such as improved health care infrastructure and growing demand for medical electronics in the area. Additionally, technological improvements in medical device technology have propelled the increase of the market in North America continent. Furthermore, the increasing demand for medical electronics in home treatment and the presence of well-structured distribution channels in the territory are aiding market increase.

The sector in Asia-Pacific is anticipated to grow at the maximal rate during the outlook. The greater utilization of medical devices in different clinical diagnosis, monitoring and therapeutic procedures is predicted to push the adoption of medical electronics among healthcare providers in the Asia-Pacific regions.

The breakup of primaries conducted during the market research has been depicted below.

By Company Type: Tier1 Companies - 50.0 percent, Tier 2 Companies - 33.0 percent, and Tier 3 Companies - 17.0 percent

By Designation: C-level Executives- 34.0 percent, Directors - 33.0 percent, and Others- 33.0 percent

By area: North america (NA)- 50%, Europe- 33.0 percent, and Asia-Pacific- 17.0 percent

The top players in the medical electronics market are Philips Healthcare (Philips's subsidiary), Siemens Healthcare, Medtronic Plc., Analog Devices (NASDAQ:ADI), NXP Semiconductors (NASDAQ:NXPI), STMicroelectronics (NYSE:STM), GE Healthcare, Incorporated,and Texas Instruments

Scope of the Report

The scope of this report includes the medical electronics market based on component, product variety, application and area. The medical electronics market based on component has been further broken down into sensor, battery, memory chips, displays and microcontrollers. The study has been split on the basis of application into monitoring and diagnosis. Equivalently, product class has been further divided into invasive and non invasive. The medical electronics report on the basis of geography has been divided into north america, Europe (EU), Asia-Pac, and the Rest of the globe.

Principal benefits of buying the market research:

- This business report includes the industry statistics pertaining to components, product, application, and territory together with their size of market.

- The porter's Five forces scheme has been exploited along with the value chain study to offer a detailed insight into the medical electronics market.

- Main drivers, market restraints, and alternatives for the medical electronics market have been precised in this industry report.

- Figures of segmentation, study, and estimate for the industries on the basis of components, product, application, and area have been organized to give an global view of the medical electronics market.

- An exhaustive competitive analysis includes top players, complete study, and ranking of main actors.

The available customizations for the analysis can offer further country-wise segmentation of the medical electronics market in terms of value importance, further breakdown of the sector can be provided, and profiling of any additional firms in the market research.

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