MarkNtel Advisors has thoughtfully curated the Global Medical Electronics Market Research Report, taking into account our client's distinct needs. Our research offers a thorough examination of the present regional and global market conditions. This report on industry analysis extensively encompasses market dynamics, limitations, and their potential consequences on future market requirements, presenting a comprehensive overview of the sector.
What is the projected growth rate of the Global Medical Electronics Market during the forecast period?
The Global Medical Electronics market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.
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Global Medical Electronics Market Key Driver:
Rising Healthcare Expenditures to Influence the Growth - 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.
Segmentation Analysis of Global Medical Electronics Market:
The report has segmented the market into the following categories:
-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.)
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Competitive Landscape with Key Player:
Analog Devices, Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Texas Instruments Inc., ON Semiconductor Corporation, Microchip Technology, Japan Semiconductor Corporation AMS, Renesas Electronics Corporation, Others.
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