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Medical Electronics Market to Witness Huge Growth by 2024 | Leading Key Players: Phillips, Siemens AG, GE Healthcare, Maxim Integrated

01-07-2019 11:11 AM CET | Health & Medicine

Press release from: Global Market Insights

Medical Electronics Market

Medical Electronics Market

The Medical Electronics Market size is set to exceed USD 148 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Increasing number of healthcare practitioners and rising number of community healthcare centers along with increasing adoption of better technologies for diagnosis and treatment will propel medical electronics market demand. Increasing technological advancement will drive medical electronics market growth over the forecast period. Furthermore, growing disposable income levels in developing economies along with introduction of innovative products will surge industry expansion.

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Surgical robots are widely used by surgeon for medical procedures ranging from bladder reconstruction to open heart surgeries. Lucrative return on investment and ability to save considerable time compared to conventional methods will fuel increasing surgical robots demand over the forecast period.

Respiratory care devices will witness significant revenue growth owing to increasing geriatric population and increasing prevalence of COPD, Asthma and other respiratory diseases. Technological advances aimed at developing more efficient and cost effective respiratory care devices will further propel the market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Philips Healthcare SL
• GE Healthcare
• Maxim Integrated
• Carestream
• Allengers Medical Systems Ltd.
• Toshiba Corporation St. Jude Medical
• Boston Scientific
• Olympus Corporation of the Americas
• ON Semiconductor
• Renesas Electronics Medtronic
• FUJIFILM Medical Systems U.S.A., Inc.
• Hitachi High-Technologies Corporation
• Samsung Electronics

Hospitals are adopting innovative medical electronic devices to provide improved healthcare facilities to the patients. Rising healthcare cost and growing disposable income levels will spur business growth over the forecast years.

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U.S. medical electronics market will witness significant growth owing to favorable regulatory scenario and presence of leading regional business players. Growing disposable income and rising adoption of technologically advanced products will stimulate business growth over the forecast period.

Domestic medical devices companies such as Siemens, Baxter General Electric, and Philips dominates the Russian medical electronics market. Favorable business environment and increasing adoption of technologically advanced products will fuel industry expansion over the forecast years.

Medical Electronics Market, by Product
• Therapeutic
• Pacemakers
• Implantable Cardioverter-Defibrillators
• Implantable Loop Recorders
• Spinal Cord Stimulators
• Surgical Robots
• Respiratory Care Devices

• Diagnostics
• Patient Monitoring Devices
• PET/CT Devices
• MRI Scanners
• Ultrasound Devices
• X-rays Devices
• CT Scanners

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

Global Market Insights, Inc.
4 North Main Street
Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:sales@gminsights.com

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