Medical Electronics Market Share Trends Analysis Growth | Top Companies: Philips, Siemens, GE Healthcare, Maxim Integrated, Carestream

Medical Electronics Market size was valued around USD 60 billion in 2016 with expectations to witness 12% CAGR from 2017 to 2024 according to new research report by Global Market Insights.
Healthcare service providers are opting for innovative medical technologies to improve healthcare delivery. Growing demand to collect, integrate and analyse healthcare data will reduce overall healthcare cost and improve operational efficiency.

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Increasing adoption of minimally invasive surgeries is an emerging trend over the latest years. Surgical robots enable surgeons to perform extremely precise operations through very small incisions. Such medical interventions are performed for orthopaedic, cardiothoracic, vascular, urological, and neurological procedures and other specialties.

Advances in technology and favorable regulations will act as the growth rendering factors for medical electronics market. Presence of friendly regulations will encourage local manufacturers to compete with international players using the uniform rules and regulations.

Diagnostics account for over 60% of medical electronics market share in 2016. Rise in awareness for preventive healthcare check-ups, diagnostic tests coupled with adoption of novel electronics for disease diagnosis will stimulate industry growth over the forecast period.

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Therapeutic also held significant revenue share and is anticipated to witness considerable growth over the forecast years. Growing geriatric population, increasing chronic disease prevalence, soaring number of smokers and rising industrial pollution will fuel business growth.

Ambulatory surgical centers deliver specialized care and treat patients at a reduced healthcare cost. It is highly regulated segment which ensures the safety and efficacy of the medical procedures. For instance, the rates of nosocomial infections in ambulatory surgical centers are far less than in hospitals.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
 Philips,
 Siemens
 GE Healthcare
 Maxim Integrated
 Carestream
 Allengers Medical Systems Ltd.
 Toshiba
 Boston Scientific
 ON Semiconductor
 Angiotech Pharmaceuticals



Hospital are striving to gain operational efficiencies to cub the overall healthcare cost. It utilizes innovative medical electronic devices to offer quality service at a reasonable cost. Furthermore, competition among the hospitals is continuously increasing for providing better quality services at low prices. These factors are predicted to stimulate steady business growth over the coming years.

U.S. Medical Electronics Market accounted for over 90% of regional revenue in 2016, owing to early technology adoption and regional presence of major established players. Rising healthcare expenditure and extensive coverage under the Affordable Care Act will stimulate forecast growth. Introduction of new innovative products to address various disease conditions will also fuel regional expansion.

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Germany medical electronics market held the largest regional revenue share in 2016. Presence of favorable import policies and growing trend towards use of technologically advanced product will stimulate the industry growth over the forecast years.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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