Medical Electronic Market Size, Share, Trends, Demand and Growth Forecast to 2023

24/apr/2018 12:45:34 Nasir Jones Contatta l'autore

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Medical electronic refer to a certain class of electronic instruments and equipments, especially for medical applications such as diagnosis, research, therapy, anesthesia control, surgery and cardiac control. Medical electronic devices are widely used in the health-related diagnosis by merging biology and medicine science with electronics theories, principal and practices.

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The global medical electronic market is driven by the number of factors. Increasing global population and growing lifestyle diseases has led to requirement of advanced and fast healthcare services which in turn increases adoption of electronics in the treatment procedure. Increasing urbanization and improving healthcare infrastructure, particularly in the developing countries of Asia Pacific, is expected to drive the growth of the market in double digit during the forecasted period. The medical electronics in the developed countries is driven by the growing adoption of radiation therapy in disease treatment & diagnosis.

The growing of medical technology in the healthcare industry, is expected to provide new market opportunities for advanced and sophisticated medical devices during the forecasted period. However, the stringent government rules and standards

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North America is by far the largest market for medical electronics followed by Europe and Asia Pacific. About 15% of the total GDP (gross domestic product) of North America consists of the healthcare and pharmaceutical industry. Asia-Pacific is the fast-growing market of medical electronics and the market is expected to grow in double digit during the forecasted period, in India and China. Moreover, the growing for capita income and rising demand for advanced healthcare services in this region is boosting the market of medical electronics.

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Some of the major competitors in the global medical electronics market are Analog Devices Inc., Philips NV, Siemens Ag, Texas Instruments, Tekscan, Inc., Renesas Electronics Corporation, On Semiconductor Corporation, GE Healthcare, Fairchild Semiconductor International, Inc., Cypress Semiconductor Corporation, STMicroelectronics NV and Maxim Integrated.

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