Exploring Medical Electronics Market Opportunity, Latest Trends, Demand, and Development By 2028- MarkNtel Advisors
According to Markntel Advisors Report, Medical Electronics Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Medical electronics
comprises electric components used in the diagnosis of medical conditions in a
patient. It incorporates microcontrollers, sensors, power supplies, memory
devices, etc. These electronic components are mainly driven by surging demand
for home & hospital patient monitoring devices & higher investment in
the expansion of medical infrastructure.
Global Medical Electronics
Market Research Report & Summary:
The Global Medical Electronics market is
projected to grow at a CAGR of around 7% during the forecast period, i.e.,
2023-28.
Time
Period Captured in the Report:
·
Historical
Years: 2018-21
·
Base
Years: 2022
·
Forecast
Years: 2023-28
Who are the Key Players Operating in
the Medical Electronics Market?
The top
companies of the Medical Electronics Market ruling the industry are:
Analog
Devices, Infineon Technologies AG, STMicroelectronics, NXP Semiconductors,
Texas Instruments Inc., ON Semiconductor Corporation, Microchip Technology,
Japan Semiconductor Corporation AMS, Renesas Electronics Corporation, Others
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What is Included in Medical
Electronics Market Segmentation?
The Medical Electronics Market explores the
industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
- By Component
- Sensors,
- Temperature Sensors,
- Pressure Sensors,
- Blood Glucose Sensors,
- Blood Oxygen Sensors,
- ECG Sensors,
- Image Sensors,
- Motion Sensors,
- Heart rate Sensors,
- Others (Position Sensors, Piezo Film Sensors, etc.),
- Batteries,
- Lithium-ion batteries,
- Nickel-metal hydride batteries,
- Zinc-carbon batteries,
- Others (Nickel-cadmium batteries, Silver-zinc batteries, Alkaline
batteries, etc.),
- Memory Chips,
- Flash Memory,
- Synchronous dynamic random-access memory (SDRAM)
- Ferroelectric RAM (FRAM)
- Erasable programmable read-only memory (EPROM)
- Electrically erasable programmable read-only memory (EEPROM)
- Others (magnetic memory, optical memory, etc.)
- Displays
- TFT LCD Displays
- OLED Displays
- LED Displays
- Microprocessors/Microcontrollers
- Microprocessor Units
- Microcontrollers Units
- Application-Specific Integrated Circuits
- Field-Programmable Gate Arrays
- By End-User Product
- Diagnostic Imaging Devices
- MRI Scanners
- X-Ray Scanners
- CT Scanners
- Ultrasound Scanners
- Nuclear Imaging Systems
- PET Scanners
- SPECT Scanners
- Endoscopy
- Patient Monitoring Devices
- Cardiac Monitors
- ECG/EKG Monitors
- Heart Rate Monitors
- Doppler Fetal Monitors
- Multipara Monitors
- Digital Thermometers
- Respiratory Monitors
- Pulse Oximeters
- Continuous Positive Airway Pressure (CPAP) Devices
- Sleep Apnea Monitors
- Anesthesia Monitors
- Hemodynamic Monitors
- Blood Pressure Monitors
- Blood Glucose Monitors
- Blood Gas Monitors
- Medical Implantable Devices
- Pacemakers
- Spinal Cord Stimulators
- Gastric Electric Stimulators
- Implantable Loop Recorders
- Ventilators and RGM Equipment
- Other Devices (Patient Position Monitor, Coagulation monitors,
etc.)
- By Medical Device Classification
- Class I
- Class II
- Class III
- By Region
- North America
- South America
- Europe
- The Middle East and Africa
- Asia-Pacific
Explore the Complete Medical Electronics Market Analysis Report – https://www.marknteladvisors.com/research-library/medical-electronics-market.html
Global Medical Electronics Market Dynamics:
Rising Healthcare Expenditures to Influence
the Growth - Many Countries across the globe such as US, Germany, France,
Japan, etc., had high healthcare spending during the past few years. As per
Centre for Disease Control and Prevention, the healthcare expenditure of the US
reached approximately USD3,453 billion in 2019 from USD2,658 billion. Along
with this, Germany has highest level of current healthcare expenditure among
European Union (EU) Members valued at approximately USD493 billion in 2020,
followed by France which healthcare expenditure of almost USD320 billion.
Moreover, the growing investment in the healthcare industry by the countries
such as the US, Germany, Japan, etc., has increased the number of medical
facilities owing to which the demand for medical electronic has risen, which
consequently is driving the demand for medical electronic components such as
sensors, microcontrollers, and power supplies.
As healthcare
expenditure is increasing, focus on improving patient outcomes is also surging
and medical devices play a critical role in providing these solutions, and the
demand for these devices is expected to increase in the coming years which
subsequently would support the growth of the medical electronics component
market..
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MarkNtel Advisors is a leading consulting, data
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quantitative research company, strive to deliver data to a substantial &
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institutions, governments, and individuals, among others.
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many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil,
and several others.
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