Press release
Medical Electronics Market to Reach USD 16.32 Billion by 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4066/medical-electronics-market.html
Market Statistics
• Market size (2024): USD 10.6 billion
• Forecast value (2030): USD 16.32 billion
• CAGR (2025-2030): 7.47 %
• Forecast period: 2025-2030
• Base year: 2024
• Total number of segments: (as listed on the source)
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Component Type
• Sensors
• Batteries
• Displays
• MCUs/MPUs
• Memory Chips
By Medical Device Type
• Diagnostic & Imaging Devices
• Patient Monitoring Devices
• Active Medical Implantable Devices
• Ventilators & RGM Equipment
• Surgical Robotic Systems
• Other Medical Devices
By Medical Procedure Type
• Non-Invasive
• Minimally Invasive
• Invasive
By Device Classification Type
• Class I
• Class II
• Class III
By Medical Facility Type
• Hospitals & Clinics
• Nursing Homes, Assisted Living Facilities, Long-Term Care Centers, and Home Care Settings
• Other Medical Facilities
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In the component type segmentation, the sensors segment is anticipated to grow at the fastest rate due to the increasing integration of advanced sensors in wearable health monitors, implantable devices, and diagnostic equipment. The expanding use of sensor technology to capture vital patient metrics for real-time monitoring and data analytics is enabling device manufacturers to innovate product offerings tailored to remote and continuous care models, creating opportunities for suppliers of high-precision sensor components.
Under medical device type, the patient monitoring devices segment is expected to maintain dominance throughout the forecast period. This is driven by the rising incidence of chronic diseases such as cardiovascular and respiratory conditions that require ongoing patient vital tracking, coupled with the shift to remote monitoring in telehealth frameworks. Manufacturers and service providers can leverage this trend by developing integrated monitoring solutions that support clinical decision-making across care settings.
Regional Insights
North America accounted for the largest share of the medical electronics market, supported by high healthcare expenditure, advanced medical infrastructure, and strong research and development capabilities. The presence of major key players and robust investments in healthcare technology adoption further reinforce the region's leadership, positioning it as a core focal point for suppliers and investors looking to capitalize on established and emerging opportunities.
Market Drivers
• Global rise in the elderly population requiring continuous monitoring and chronic disease management
• Growing adoption of telemedicine and remote patient monitoring solutions
• Technological advancements in medical device electronics
• Increasing healthcare awareness and expenditure
• Demand for enhanced diagnostic accuracy and real-time patient data
Top Companies in the Market
• Analog Devices, Inc.
• TE Connectivity
• Texas Instruments Incorporated
• NXP Semiconductors
• Samsung
• Semiconductor Components Industries, LLC
• LG Display Co., Ltd.
• AUO Corporation
• Ultralife Corporation
• Panasonic Holdings Corporation
FAQs
1.What market size is the global medical electronics market expected to achieve by 2030?
The global medical electronics market is expected to reach USD 16.32 billion by 2030 at a CAGR of 7.47 % from 2025 to 2030.
2.Which component type segment is growing the fastest in medical electronics?
The sensors segment is anticipated to grow at the fastest rate due to increased integration of advanced sensing in medical devices.
3.Why are patient monitoring devices dominant in the medical electronics market?
Patient monitoring devices are dominant because of rising chronic disease prevalence and expanded adoption in remote and clinical settings.
4.Which facility type holds the largest share in the market?
Hospitals & clinics held the largest share, reflecting ongoing investments in electronic medical technologies to enhance patient care.
5.Why does North America lead the medical electronics market?
North America leads due to advanced healthcare infrastructure, high expenditure on medical technologies, and strong R&D presence.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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