Medical Electronics Market

Medical Electronics Market

The Medical Electronics Market will witness a faster growth over the coming years. The accelerating geriatric population and growing life expectancy, rising adoption of IoT-based medical devices, and surging demand for portable medical devices are some of the major factors fuelling the market growth.

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Medical Electronics Market Dynamics

The augmenting adoption of IoT-based smart medical instruments, surging demand for compact medical devices and wearable electronics and strategic initiatives by the government, such as financial allowances are some of the major factors fuelling the growth of the medical electronics market. As per the medical electronics market analysis, the Healthcare expenditure is directly related with the ageing population, better living standards, and accelerating per capita income. Medical expenses incurred by the people above 60 years are higher than the age group of 15-30 years. Advancements in the overall healthcare budget has resulted in a better access to medical equipment and encouraged the medical electronics producers to disburse on Research and Development activities.

However, the strict norms and trade policies associated with electronic medical devices are hindering the medical electronics market size.

Application Segment Analysis

The Medical imaging segment is predicted to witness a remarkable surge over the forecast period. The growing incidences of neurological, cancer and cardiac, and musculoskeletal complications; the rising recognition and advancement in treatment; and an accelerating number of diagnostic procedures have bolstered the market growth. Moreover, the better healthcare system in developing nations and the introduction of low-cost, advanced technology in imaging systems with several applications will propel the medical electronics market share.

Market Segmentation

Medical Electronics Market by Component

• Sensors

• Batteries

• Displays

• MPUs/MCUs

• Memory Chips

Medical Electronics Market by End-User Products

• Diagnostic and imaging devices

• Patient monitoring devices

• Medical implantable devices

• Ventilators and RGM equipment

Medical Electronics Market by Application

• Medical imaging

• Clinical, diagnostic, and therapeutics

• Patient monitoring

• Flow measurement

• Cardiology

• Other

Medical Electronics Market by Medical Procedure

• Non-invasive

• Minimally invasive

• Invasive

Medical Electronics Market by Medical Device Classification

• Class I

• Class II

• Class III

Medical Electronics Market by Region:

• Asia Pacific

o China

o Japan

o India

o Rest of APAC

• North America

o United States of America

o Canada

• Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

• RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

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