The Booming Medical Electronics Industry Worldwide – A Comprehensive Overview

Akio Komatsu
Published on May 26, 2023

The recent report on the Medical Electronics Market released by Markntel Advisor is a dedicated collection of information driven by research, unbiased opinions, articulate information, and data focusing on the varying aspects of the industry and the global market affecting the industry. The report consists of articulate information organized and prepared by expert researchers after deeply investigating the gathered data, putting the profit of shareholders as the major goal.  The study focuses on providing an overview of the industry bifurcated into every minute section, compiling all the major information causing the fluctuations in the market.

The Study Period of the Report

  • Historical period: 2018 – 2021
  • Base Year: 2022
  • Forecasting period: 2023 – 2028

The report gathers data from all the primary and secondary sources, of all the fluctuations in the industry during the historical period. These fluctuations include market trends global trends, sales reports, consumer response, manufacturing reports, profit and sales reports, and more. Through these data being studied in the base year, which also includes the information of the market till the base year, the researchers predict the flow of the industry in the forecasting period, depending on historical market data.

The Following Questions and Answer Are Addressed in The Report:

  • What are the key industry drivers and trends, and how is the market structured?
  • How is the market divided into segments, and how big is each one?
  • Which segments and geographies provide the most opportunities for expansion?
  • What are the players' competitive landscape and market positioning?

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Dynamic of the Medical Electronics Industry

To cover all major points of the research, the study of the Medical Electronics Market proposes to cover all the major concerning points of the market growth into four sections. Growth Drivers and Market Trends are fueling industrial growth and Market restraint, which could hinder the market expansion along with possible solutions, the challenges the shareholder or the market is likely to face in coming times depending on various factors, and finally, the growth opportunity emerging from various consumer trend, governmental initiatives, new launches, etc to provide the stakeholder with tools to propel in the industry.

Market Geographical Dividation – In terms of the Geographical front, the Medical Electronics market is bifurcated across the region: -

  • North America
  • South America
  • Europe
  • The Middle East and Africa
  • Asia-Pacific

Through the regional analysis section, the report aims to provide an overview and forecast of the market depending on different regional, cultural, regulatory, political, economic, social, technological, and other differences and variations in the industry, including the presence and absence of major market players, consumers, manufacturing sites and more.

Industry Driving Factor: Many Countries across the globe such as US, Germany, France, Japan, etc., had high healthcare spending during the past few years. As per Centre for Disease Control and Prevention, the healthcare expenditure of the US reached approximately USD3,453 billion in 2019 from USD2,658 billion. Along with this, Germany has highest level of current healthcare expenditure among European Union (EU) Members valued at approximately USD493 billion in 2020, followed by France which healthcare expenditure of almost USD320 billion. Moreover, the growing investment in the healthcare industry by the countries such as the US, Germany, Japan, etc., has increased the number of medical facilities owing to which the demand for medical electronic has risen, which consequently is driving the demand for medical electronic components such as sensors, microcontrollers, and power supplies.

Possible Restraints of Market: Medical devices such as blood glucose monitors, insulin pumps, pulse oximeters, etc., are now getting more compact, due to which there is limited space to integrate electronic components. Owing to this, medical electronic component manufacturers need to create smaller components to enhance the complexity of manufacturing processes & simultaneously leading to increased production costs. Moreover, the development of miniaturized electric components requires significant investment research, which restricts the entry of small & medium players in the market.

Analysis of Medical Electronics Industry Top Leader

The research report covers all the key details and developments in the Medical Electronics market focusing on the key market players. The market is moderately fragmented, with numerous players holding insignificant market shares, to affect the market dynamics individually. In addition, the report focuses on detailed information about the companies, including company profiles, components, services offered, financial information, key developments, and more. The market players covered in this research report are: -

  •  Analog Devices
  • Infineon Technologies AG
  • STMicroelectronics
  • NXP Semiconductors
  • Texas Instruments Inc.
  • ON Semiconductor Corporation
  • Microchip Technology
  • Japan Semiconductor Corporation
  • AMS
  • Renesas Electronics Corporation
  • TE Connectivity
  • TDK Corporation
  • Vishay Intertechnology
  • Sensirion AG
  • Others

The research report covers all the key details and developments in the Medical Electronics market focusing on the key market players.

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Complete Market Segmentation Study

The market is broadly fragmented and spreads across disparate bifurcations. The report aims to define study and predict the graph of each bifurcation and present the information, trends, and advancement affecting the segments and sub-segments flow to help the shareholder navigate and deeply investigate the flow of the industry to its minute details. Prominent demographic, regional, psychographic, and behavioral information about business segments in the market is targeted to help companies decide which traits to include to satisfy their demands. Segmental Division of the Medical Electronics Market.

Major Segment Sections Covered in the Report: -

By Device Type

  • Insulin Pumps for Diabetes Monitoring
  • Pulse oximeter
  • Continuous Glucose Monitoring
  • Portable Insulin Injection Pen
  • Blood Pressure Monitors
  • Heart Rate Monitors
  • ECG Monitors (Holters)
  • Respiratory Therapy Management
  • Scanners (Computer Tomography)
  • MRI
  • Ultrasound
  • X-Ray
  • Hemodialysis and Peritoneal Dialysis Machines
  • Implantable Cardioverter Defibrillator
  • Rechargeable Wearable Device
  • Hearing Implants
  • Others (Sleep Monitors, Smart Bandage, etc.)

By Component

  • Sensors,
    • Temperature Sensors,
    • Pressure Sensors,
    • Blood Glucose Sensors,
    • Blood Oxygen Sensors,
    • ECG Sensors,
    • Image Sensors,
    • Motion Sensors,
    • Heart rate Sensors,
    • Others (Position Sensors, Piezo Film Sensors, etc.),
  • Batteries,
    • Lithium-ion batteries,
    • Nickel-metal hydride batteries,
    • Zinc-carbon batteries,
    • Others (Nickel-cadmium batteries, Silver-zinc batteries, Alkaline batteries, etc.),
  • Memory Chips,
    • Flash Memory,
    • Synchronous dynamic random-access memory (SDRAM)
    • Ferroelectric RAM (FRAM)
    • Erasable programmable read-only memory (EPROM)
    • Electrically erasable programmable read-only memory (EEPROM)
    • Others (magnetic memory, optical memory, etc.)
  • Displays
    • TFT LCD Displays
    • OLED Displays
    • LED Displays
  • Microprocessors/Microcontrollers
    • Microprocessor Units
    • Microcontrollers Units
    • Application-Specific Integrated Circuits
    • Field-Programmable Gate Arrays

By End-User Product

  • Diagnostic Imaging Devices
    • MRI Scanners
    • X-Ray Scanners
    • CT Scanners
    • Ultrasound Scanners
    • Nuclear Imaging Systems
      • PET Scanners
      • SPECT Scanners
    • Endoscopy
  • Patient Monitoring Devices
    • Cardiac Monitors
      • ECG/EKG Monitors
      • Heart Rate Monitors
      • Doppler Fetal Monitors
      • Multipara Monitors
      • Digital Thermometers
    • Respiratory Monitors
      • Pulse Oximeters
      • Continuous Positive Airway Pressure (CPAP) Devices
      • Sleep Apnea Monitors
      • Anesthesia Monitors
    • Hemodynamic Monitors
      • Blood Pressure Monitors
      • Blood Glucose Monitors
      • Blood Gas Monitors
    • Medical Implantable Devices
      • Pacemakers
      • Spinal Cord Stimulators
      • Gastric Electric Stimulators
      • Implantable Loop Recorders
    • Ventilators and RGM Equipment
    • Other Devices (Patient Position Monitor, Coagulation monitors, etc.)

By Medical Device Classification

  • Class I
  • Class II
  • Class III

Customize Your Report:

The Medical Electronics report can be tailored to the client’s specific needs for specific locations or countries. Furthermore, with Markntel Advisors, the client is free to request customization to further tailor the report to their preferences. Researchers at Markntel Advisors aim to filter the report in the best interest of the stakeholder, to make it simplified, systematic, and navigation-wise smooth. 

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