How The Market Developments Impact The Overall Medical Electronics Market? Key Players: Philips Healthcare SL, GE Healthcare, Maxim Integrated, Carestream, Allengers Medical Systems Ltd.

The Medical Electronics Market is set to exceed USD 169 billion by 2025; according to a new research report by Global Market Insights. Availability of medical equipment and devices on lease will escalate its demand among healthcare professionals thereby positively influencing the industry growth. Most of the medical electronics available in market are expensive due to integration of advanced technology. Hospitals, diagnostic centers and individual medical practitioners are reluctant to buy them due the huge investment required, and it takes good amount of time to recover the cost. The direct purchase cost of technologically advanced medical devices is high, and the cost of entire healthcare setup can rise steeply. In contrast, leased equipment are considered as tax-deductible and cost deductions are certain to reduce net medical electronic devices cost that positively impacts the industry growth.

Rising adoption of technologically advanced medical electronic devices in emerging economies such as India and China will significantly boost the industry growth during the analysis period. Although the medical electronic devices are expensive, several government initiatives and favorable FDI policies will trigger the adoption of these devices among the healthcare professionals. However, stringent regulations enforced on the companies involved in manufacturing of medical electronic devices will restrain the industry growth in the forthcoming years.

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In contrast, leased equipment are considered as tax-deductible and cost deductions are certain to reduce net medical electronic devices cost that positively impacts the industry growth. Rising adoption of technologically advanced medical electronic devices in emerging economies such as India and China will significantly boost the industry growth during the analysis period. Although the medical electronic devices are expensive, several government initiatives and favorable FDI policies will trigger the adoption of these devices among the healthcare professionals. However, stringent regulations enforced on the companies involved in manufacturing of medical electronic devices will restrain the industry growth in the forthcoming years.

Respiratory care devices segment was valued over USD 6 billion in 2018 and is expected to have considerable revenue size during the forecast timeframe. Growth can be attributed to the increasing prevalence of respiratory diseases such as COPD and asthma. According to Global Asthma Network, asthma kills around 1000 people everyday globally that surges the demand for respiratory care devices thereby propelling segmental growth in foreseeable future.

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

Clinics segment will experience 13.2% growth during the forecast timeframe. Considerable segmental growth will be as a result of high adoption rate for medical electronic equipment due to the advent of innovative and cost-effective devices. For instance, ultrasound equipment typically designed for hospitals are now being deployed at clinics. The portable ultrasound machine cost less than full sized equipment. Cost containment pressure from regulatory authorities is driving innovation aimed at introducing cost effective devices with improved performance that will boost the segment growth.

Hospitals segment accounted for 45.5% in 2018 and is anticipated to have significant revenue share during the forecast timeframe. Growing prevalence of cardiovascular diseases and respiratory infections in geriatric population has raised the number of hospital admissions. Also, hospitals covered under public healthcare system in developed as well as developing countries are well-equipped with highly efficient medical electronic devices that should spur the segmental growth in forthcoming years.

Ambulatory surgical centres segment will grow at 13.1% during the analysis period owing to growing number of surgical procedures being performed in ambulatory surgical centres. Ambulatory surgical centres provide treatment at significant low cost than hospitals. The low cost is due to the high operational efficiency that helps in saving patient’s money. Moreover, ambulatory surgical centres provide specialized care and treat patients in a way that significantly increase patient satisfaction. Thus, above-mentioned advantages of ambulatory surgical centres are expected to boost segment growth over the forecast period.

North America medical electronics market dominated the industry with USD 32.9 billion in 2018 and is anticipated to show similar trend over the forthcoming years. Major factors driving the North America regional growth includes high healthcare expenditure, increased income levels and high adoption rates for advanced medical electronic equipments. Also, high patient awareness about the benefits of early diagnosis will boost the demand for medical electronics during the forecast period. Moreover, developed infrastructure coupled with the access of advanced diagnostics technologies will positively influence regional growth in upcoming years.

Germany medical electronics market accounted for 27.6% revenue share of Europe market. Technological integrations by the local players operational in medical electronics market have ensured country share. Additionally, the regulations raise entry barriers for the new industry player to establish themselves in Germany that is beneficial for the local players for earning sustainable profits. Furthermore, government plays an important role in framing regulations and trade policies that favor the demand for diagnostic and therapeutic devices possessing high accuracy and efficiency.

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Medical Electronics Market, By Product (USD Million, 000’ Units)

1 Therapeutic
2 Pacemakers
3 Implantable cardioverter-defibrillators
4 Neurostimulation devices
5 Surgical robots
6 Respiratory care devices

1 Diagnostics
2 Patient monitoring devices
3 PET/CT devices
4 MRI scanners
5 Ultrasound devices
6 X-ray devices
7 CT scanners

Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Medical electronics industry 3600 synopsis, 2014 - 2025
2.1.1. Product trends
2.1.2. End-use trends
2.1.3. Regional trends

Chapter 3. Medical Electronics Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Adopting convergence of technologies – Medical, IT and telecom
3.3.1.2. Increase in the push towards minimally invasive surgeries
3.3.1.3. Leasing of capital-intensive machines
3.3.1.4. Attractive policies for FDI
3.3.2. Industry pitfalls and challenges
3.3.2.1. Heightened regulatory scrutiny
3.3.2.2. New healthcare delivery models

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Data Tables

TABLE 1 Medical electronics industry 3600 synopsis, 2014 – 2025
TABLE 2 Medical electronics market, 2014-2025 (USD Million, 000’ Units)
TABLE 3 Medical electronics market, by product, 2014-2025 (USD Million, 000’ Units)
TABLE 4 Medical electronics market, by end-use 2014-2025 (USD Million, 000’ Units)
TABLE 5 Medical electronics market, by region, 2014-2025 (USD Million, 000’ Units)
TABLE 6 Industry impact forces
TABLE 7 Therapeutic market size, by region, 2014-2025 (USD Million, 000’ Units)
TABLE 8 Pacemakers market size, by region, 2014-2025 (USD Million, 000’ Units)
TABLE 9 Implantable Cardioverter-Defibrillators market size, by region, 2014-2025 (USD Million, 000’ Units)
TABLE 10 Neurostimulation devices market size, by region, 2014-2025 (USD Million, 000’ Units)

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