Medical Electronics Market Expected to Surpass 5,389.2 Million by 2026 with Major Players as Toshiba Medical Systems, Philips Healthcare, Medtronic, etc.

According to the current analysis of Reports and Data, the global Medical Electronics market was valued at USD 3,476.7 Million in 2018 and is expected to reach USD 5,389.2 Million by the year 2026, at a CAGR of 5.6 %. Factors such as the growing standard of living, increasing aging population, rising health awareness, and increasing adoption of wearable electronics are driving the growth of the medical electronics market. The growing importance of medical electronics for patient tracking and other monitoring activities is further expected to propel the growth of the medical electronics market.

Technological innovation and technological portability with other medical equipment are some of the other factors boosting the growth of the medical electronics market. Factors such as the growing standard of living, increasing aging population, rising health awareness, and increasing adoption of wearable electronics are also expected to positively impact the medical electronics market during the forecast period. Likewise, the growing importance of medical electronics for patient tracking and other monitoring activities is expected to spur the growth of the medical electronics market.

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Companies considered and profiled in this market study
FUJIFILM Medical Systems, Toshiba Medical Systems, Philips Healthcare, Medtronic, Analog Devices and Hitachi High Technologies Corporation among others

For the purpose of this study, Reports and Data have segmented the Medical Electronics market on the basis of type, product type, components, application, and region:

Medical Electronics Market, by Application (Revenue, USD Million; 2016–2026)
Imaging
Therapeutics
Patient Monitoring
Homecare/Handheld Products

Regional Outlook (Revenue in USD Million; 2016–2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Medical Electronics Market, by Type (Revenue, USD Million; 2016–2026)
Invasive
on-invasive

Medical Electronics Market, by Product Type (Revenue, USD Million; 2016–2026)
Therapeutic
Diagnostic
Others

Medical Electronics Market, by Components (Revenue, USD Million; 2016–2026)
Sensors
Batteries
Memory Devices
Displays
Microprocessors/Microcontrollers

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Medical Electronics Market, by End Use (Revenue, USD Million; 2016–2026)
Hospital
Ambulatory surgical centers
Clinics
Others

Further key findings from the report suggest

1. As of 2018, North America held the largest market share in the global medical electronics market. The market is driven by various factors such as improved healthcare infrastructure and increasing demand for medical electronics in the region.

2. The component batteries for healthcare application is expected to grow at a high rate during the current forecast period owing to the increasing demand for wireless medical device, which has long battery life. High-density batteries in wearable medical devices are further driving the growth for the medical electronics market.

3. Stringent regulatory process for product approval and high maintenance cost is likely to hinder the global medical electronics market growth during the forecast period

4. Based on application, patient monitoring segment is expected to witness lucrative growth at a CAGR of 5.2%. Adoption of telemetry and remote monitoring devices facilitate the monitoring of patients from long distances in the medical electronics market

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