Medical Electronics Market Report: Trends, Forecast and Competitive Analysis to 2030

Medical Electronics Market Report: Trends, Forecast and Competitive Analysis to 2030

Medical Electronics Trends and Forecast

The future of the global medical electronics market looks promising with opportunities in the medical imaging, clinical, diagnostic, and therapeutics, patient monitoring, flow measurement, and cardiology markets. The global medical electronics market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are aging population and prolonged life expectancy, transforming healthcare expenditure and the dynamic healthcare environment, and surging interest in portable healthcare devices and wearable electronics.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Medical Electronics by Segment

The study includes a forecast for the global medical electronics by medical procedure, component, end use industry, application, and region.

Medical Electronics Market by Medical Procedure [Shipment Analysis by Value from 2018 to 2030]:

• Non-Invasive
• Minimally Invasive
• Invasive

Medical Electronics Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Sensors
• Batteries
• Displays
• MPUs/MCUs
• Memory Chips

Medical Electronics Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Diagnostic and Imaging Devices
• Patient Monitoring Devices
• Medical Implantable Devices
• Ventilators and Rgm Equipment

Medical Electronics Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Medical Imaging
• Clinical, Diagnostic, and Therapeutics
• Patient Monitoring
• Flow Measurement
• Cardiology
• Others

Medical Electronics Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medical Electronics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical electronics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical electronics companies profiled in this report include-

• Analog Devices
• Texas Instruments
• Te Connectivity
• Medtronic
• St Microelectronics

Medical Electronics Market Insights

Lucintel forecasts that minimally invasive is expected to witness highest growth over the forecast period due to decreasing the extent of the incision, cutting down on or avoiding hospital stays, and enhancing the patients' overall recovery.

North America is expected to witness highest growth over the forecast period due to increasing use of cutting-edge diagnostic imaging techniques, growing number of hospitals and diagnostic imaging facilities.

Features of the Global Medical Electronics Market

Market Size Estimates: Medical electronics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medical electronics market size by various segments, such as by medical procedure, component, end use industry, application and region in terms of ($B).

Regional Analysis: Medical electronics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different medical procedure, component, end use industry, application, and regions for the medical electronics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical electronics market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the medical electronics market size?

Answer: The global medical electronics market is expected to reach an estimated $8.9 billion by 2030.

Q.2 What is the growth forecast for medical electronics market?

Answer: The global medical electronics market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the medical electronics market?

Answer: The major drivers for this market are aging population and prolonged life expectancy, transforming healthcare expenditure and the dynamic healthcare environment, and surging interest in portable healthcare devices and wearable electronics.

Q4. What are the major segments for medical electronics market?

Answer: The future of the medical electronics market looks promising with opportunities in the medical imaging, clinical, diagnostic, and therapeutics, patient monitoring, flow measurement, and cardiology markets.

Q5. Who are the key Medical Electronics Market companies?

Answer: Some of the key medical electronics companies are as follows:

• Analog Devices
• Texas Instruments
• TE Connectivity
• Medtronic
• ST Microelectronics

Q6. Which medical electronics market segment will be the largest in future?

Answer: Lucintel forecasts that minimally invasive is expected to witness highest growth over the forecast period due to decreasing the extent of the incision, cutting down on or avoiding hospital stays, and enhancing the patients' overall recovery.

Q7. In medical electronics market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to increasing use of cutting-edge diagnostic imaging techniques, growing number of hospitals and diagnostic imaging facilities.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the medical electronics market by medical procedure (non-invasive, minimally invasive, and invasive) ,component (sensors, batteries, displays,MPUs/MCUs, and memory chips) , end use industry (diagnostic and imaging devices, patient monitoring devices, medical implantable devices, and ventilators and RGM equipment) , application (medical imaging, clinical, diagnostic, and therapeutics, patient monitoring, flow measurement, cardiology, and others) , and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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