Medical Electronics Market 2029-2025: Analog Devices, Texas Instrument, TE Connectivity, Medtronics Plc, ST Microelectronics, NXPSemiconductors, Maxim Integrated Products, ON Semiconductor, Renesas Electronics Corporation and Others.
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The Medical Electronics Market is estimated to be worth USD 5.1 Billion in 2019 and is expected to reach USD 6.6 Billion by 2025, at a CAGR of 4.6% from 2019 to 2025 This report spread across 254 pages, profiling 10 companies and supported with 175 tables and 69 figures are now available in this research.
Top Companies Profiled in the Medical Electronics Market:
o Analog Devices (US)
o Texas Instrument (US)
o TE Connectivity (Switzerland)
o Medtronics Plc (Ireland)
o ST Microelectronics (Switzerland)
o NXPSemiconductors (Netherlands)
o Maxim Integrated Products (US)
o ON Semiconductor (US)
o Renesas Electronics Corporation (Japan)
o Microchip Technology (US)
o Tekscan (US)
o Monebo (US)
o Cirtec Medical (US)
o First Sensor (Germany)
o Sensirion (Switzerland)
o Innovative Sensor Technology (Switzerland)
o Keller America (US)
o Merit Medical Systems (US)
"The market for sensors estimated to grow at the highest CAGR during the forecast period"
Increasing demand for IoT-based medical devices, such as cardiac monitors, respiratory monitors, hemodynamic monitors, and implantable devices, is the major factor accelerating the medical sensor market growth. The market for medical sensors is propelled by substantial investments in R&D activities for the development of new advanced sensors, and the extensive uses of sensor technology in the diagnosis, prognostic treatments, and drug delivery.
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"The market for medical implants and endoscopy estimated to grow at highest CAGR during the forecast period"
The increasing use of high-resolution technologies in medical electronics, such as 3D systems, capsule endoscopy, and miniaturized endoscopic systems, is expected to offer substantial growth opportunities during the forecast period. Medical implants are used in the case of heart failure, cardiac arrhythmia, ventricular tachycardia, valvular heart disease, angina pectoris, and atherosclerosis.
"The market for invasive products estimated to grow at the highest CAGR during the forecast period"
Factors accelerating the invasive product market growth include the rising demand for implantable cardioverter defibrillators, pacemakers, implantable loop recorders, and endoscopes and an increasing number of training and awareness programs across the world to present the benefits of invasive devices. Technological advancements and breakthroughs in the field of endoscopy are expected to propel the growth of this segment during the forecast period.
Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 35 %, Tier 2 - 40%, and Tier 3 -25%
o By Designation: C-Level Executives - 57%,Directors - 29%, and Others - 14%
o By Region: Americas- 40%, Europe - 30%, APAC- 20%, and RoW - 10%
Competitive Landscape of Medical Electronics Market:
2 Market Ranking Analysis for Medical Electronics, 2018
3 Competitive Situations and Trends
4 Competitive Leadership Mapping, 2018
4.1 Visionary Leaders
4.2 Dynamic Differentiators
4.4 Emerging Companies
5 Competitive Benchmarking
5.1 Strength of Product Portfolio (25 Players)
5.2 Business Strategies Excellence (25 Players)
6 Recent Developments
6.1 Product Launches
6.2 Agreements, Partnerships, and Contracts/Collaborations
6.3 Mergers and Acquisitions
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This report covers the medical electronics market based on component, product, application, and region. The market based on component has been segmented into sensors, batteries, displays, microcontrollers, and memory devices. Based on application, the market has been segmented into patient monitoring, diagnostic radiology, and medical implants and endoscopy. Based onthe product, the market has been classified into non-invasive and invasive devices.
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