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Medical Electronics Market Status, Emerging Trends, Demand, Revenue, Comprehensive Analysis And Segmentation || Major Player Are Analog Devices Inc., Texas Instruments Incorporated, STMicroelectronics, Mouser Electronics, Cypress Semiconductor Corporation
Medical Electronics Market
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The global medical electronics market report by the business research company identifies the rise in the geriatric population and increasing life expectancy to be a major growth driver for the medical electronics market. The geriatric population refers to the elderly population aged 65 and above. Medical electronics help the geriatric population by supporting their health care needs to live longer, healthier lives. For instance, in October 2021, according to the report shared by the World Health Organization, a Switzerland-based specialised agency of the United Nations, the share of the population aged 60 years and over increased from 1 billion in 2020 to 1.4 billion. And by 2050, the world's population of aged people 60 years and older will double (2.1 billion). The population aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
The global medical electronics market size is expected to grow from $73.82 billion in 2021 to $83.10 billion in 2022 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The market is expected to grow to $135.99 billion in 2026 at a CAGR of 13.1%.
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North America will be the largest region in the medical electronics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this medical electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the medical electronics market are Analog Devices Inc., Texas Instruments Incorporated, STMicroelectronics, Mouser Electronics, Cypress Semiconductor Corporation, Semiconductor Components Industries, Digi-Key Electronics.
The global medical electronics market is segmented -
1) By Component: Sensors, Batteries, Displays, MPUs or MCUs, Memory Chips
2) By Device Classification: Class I, Class II, Class III
3) By Medical Procedure: Non-Invasive, Minimally Invasive, Invasive
4) By Application: Medical Imaging, Clinical, Diagnostic, and Therapeutics, Patient Monitoring, Flow Measurement, Cardiology, Other Applications
5) By End User Products: Diagnostic and Imaging Devices, Patient Monitoring Devices, Medical Implantable Devices, Ventilators and RGM Equipment
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The Medical Electronics Market Report Contents Include
1. Executive Summary
2. Medical Electronics Market Characteristics
3. Medical Electronics Market Trends And Strategies
4. Medical Electronics Market - Macro Economic Scenario
5. Medical Electronics Market Size And Growth
....
27. Medical Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Electronics Market
29. Medical Electronics Market Future Outlook And Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the medical electronics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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