Global medical electronics market was valued over $ 73 billion in 2018 and is projected to grow at a CAGR of around 8% to reach $ 113 billion by 2024

Thursday, May 9, 2019 General News
Email Print This Page Comment bookmark
Font : A-A+

NEW YORK, May 8, 2019 /PRNewswire/ -- Global Medical Electronics Market By Product Type (Therapeutic and Diagnostics), By End-user (Hospital, Ambulatory Surgical Center, Clinic & Others), By Region (North America, Europe, Asia-Pacific & Others), Competition, Forecast & Opportunities, 2024 Read the full report: Global medical electronics market was valued over $ 73 billion in 2018 and is projected to grow at a CAGR of around 8% to reach

$ 113 billion by 2024 on account of 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, CT Scanners and others.Diagnostics segment acquires the majority share in the market owing to increasing awareness regarding benefits of early diagnosis.Therapeutic segment is anticipated to witness the fastest growth in global medical electronics market on account of increasing prevalence of cardiovascular and neurological diseases.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, North America, Europe, Asia-Pacific, 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 Johnson & Johnson Services, Inc., GE Healthcare Pvt. Ltd, Philips 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: 2014-2017Base Year: 2018Estimated Year: 2019Forecast Period: 2020–2024Objective 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.Some of the leading players in global medical electronics market are Johnson & Johnson Services, Inc., GE Healthcare Pvt. Ltd, Philips Healthcare Pvt. Ltd., Siemens AG, Medtronic Plc., Baxter International Inc., etc.The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst analyzed the manufacturers, distribution channels and presence of all major players across the globe.The analyst 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. The analyst 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 the analyst.Key Target Audience:• Original device manufacturers (ODMs)• Government bodies such as regulating authorities and policy makers• Organizations, forums and alliances related to medical electronics• Market research and consulting firmsThe 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:o DiagnosticsPatient Monitoring DevicesPET/CT DevicesMRI ScannersUltrasound DevicesX-rays DevicesCT ScannersOthers (Hemodynamic Monitors, Cardiac Monitors, etc.)o TherapeuticPacemakerImplantable Cardioverter-DefibrillatorsImplantable Loop RecordersSpinal Cord StimulatorsSurgical RobotsRespiratory Care DevicesOthers (Endoscopes, Neurostimulation devices, etc.)• Market, By End-User:o Hospitalo Ambulatory surgical centerso Clinicso Others• Market, By Region:o North AmericaUnited StatesCanadaMexicoo EuropeGermanyUnited KingdomFranceSpainItalyo Asia-PacificChinaJapanIndiaAustraliaSouth Koreao South AmericaBrazilArgentinaColombiao Middle East & AfricaSaudi ArabiaUAESouth AfricaIranCompetitive LandscapeCompany Profiles: Detailed analysis of the major companies present in global medical electronics market.Available Customizations:With the given market data, we 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).Read the full report: About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: US: (339)-368-6001 Intl: +1 339-368-6001

Cision View original content:

SOURCE Reportlinker

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store