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Technology Evolution on Medical Electronics Market| Top Player: Philips Healthcare SL, GE Healthcare, Maxim Integrated, Carestream

03-01-2019 01:29 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc

Medical Electronics Market

Medical Electronics Market

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

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. 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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/284

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. 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.

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.

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

Recently in 2017, Mackenzie Health, a renowned healthcare service provider based in Canada, had collaborated with Epic systems corporation, a U.S. based software developing firm, to introduce a new end-to-end electronic medical record system in Canada. The innovative tool assists medical practitioners in the decision-making process and facilitates speedy access of medical health records, in addition to providing improved medication safety and minimizing error occurrences related to closed loop medication administration & bar code authentication. This medical system is the first of its kind launched across the country and is predicted to have a sizable impact on U.S. medical electronics industry, which apparently held more than 90% of the overall revenue share in 2016.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/284

The competitive landscape of medical electronics market has witnessed numerous M&As since the last few years. In fact, recently, Becton, Dickinson and Company, a leading player across medical technology industry, has declared the acquisition of Caesarea Medical Electronics, a key Israel based player across infusion pump systems industry. The acquisition will help the former expand its infusion pumps product portfolio, thereby facilitating the firm to strengthen its position across medical electronics market.

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.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/medical-electronics-market

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.

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