The Medical Electronics Market is projected to grow at a CAGR of 6.21% by 2025
Huge investments by many healthcare providers into advanced equipment and machinery have been increasing the adoption of medical electronics solutions among them, thus boosting the market growth. The rapid growth of medical tourism in countries like UAE, India and South Korea among other countries is also opening doors to immense growth opportunities for market players. Rising disposable incomes in many countries, coupled with support from governments in order to improve the affordability of better healthcare services among people, is increasing the inflow of investments by healthcare providers into ramping up their service offerings. This is driving the demand for medical electronics, thus augmenting the growth of the market. Furthermore, recent outbreak of COVID-19 and rising death tolls across the globe is anticipated to bolster the market growth over the projected period. The inability of governments to contain the spread despite their sincere efforts and lack of resources and cure-at-hand across healthcare institutions worldwide has led many companies to pour huge investments into advanced technologies and in designing solutions that can tackle situations like this. We expect these investments to favor market growth over the forecast period.
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The recent study on the medical electronics market covers an in-depth analysis of the market on the basis of product type, diagnostics, end-use industry, and geography. The report also covers the country-level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2020-2025. According to the report titled “Medical Electronics Market – Forecasts from 2020 to 2025”, the market is estimated to grow at a decent rate during the forecast period. The report has segmented the medical electronics market by product type(Implantable Cardioverter-Defibrillators, Neurostimulation Devices, Pacemakers, Respiratory Care Devices, and Surgical Robots),by diagnostics (CT Scanners, MRI Scanners, Patient Monitoring Devices, PET/CT Devices, Ultrasound Devices, and X-ray Devices), by end-use industry(Ambulatory Surgical Centers, clinics and hospitals), and by geography such as North America (USA, Canada, Mexico), South America(Brazil, Argentina, Others), Europe (United Kingdom,Germany, France, Others), Middle East and Africa (Saudi Arabia,UAE, Israel, Others), and Asia Pacific (Japan, China,India, Others).
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the medical electronics market.
Major industry players profiled as part of the report are Abbott, Boston Scientific, GE Healthcare, Medtronic, Siemens Healthcare, and Philips Healthcare among others.
The medical electronics market has been analyzed through the following segments:
By Product Type
• Implantable Cardioverter-Defibrillators
• Neurostimulation Devices
• Respiratory Care Devices
• Surgical Robots
• CT Scanners
• MRI Scanners
• Patient Monitoring Devices
• PET/CT Devices
• Ultrasound Devices
• X-ray Devices
• Ambulatory Surgical Centers
Middle East and Africa
• Saudi Arabia
Unique reasons to buy medical electronics market report-
1. In-depth analysis with sufficient data points and reference included.
2. Best possible insights in addition to detailed analysis on drivers and restraints.
3. Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
4. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
Scope of Research of the medical electronics market
1. The forecast period is from 2020 to 2025 with 2019 as the base year.
2. Leading industry trends and regulations, key business opportunities, drivers and restraints at the global and regional level
3. Strategies of the key players in analyzing the competitive benchmarking is provided in the report
4. Corporate profiles of leading players along with their financial profiles across regions can be provided on customization requests.
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