A recent report published by Infinium Global Research on medical electronics market provides in depth analysis of segments and sub-segments in global as well as regional markets of medical electronics market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of medical electronics over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical electronics market. According to report the global medical electronics market is projected to grow at a CAGR of 5.4% over the forecast period of 2018 - 2024.
Increasing adoption of minimally invasive surgeries is driving the growth of the medical electronics market. Additionally, factors such as demand for easy-to-use, personalized & advanced healthcare devices, changing lifestyle, and rising adoption of wearable electronics are expected to drive the medical electronics market. However, decline in efficiency of medical professionals, issues regarding cyber security where healthcare providers are subjected to security breaks, malware infections and lack of standard terminologies are the factors restraining the growth of the market. Moreover, increasing number of lifestyle diseases and expansion of healthcare facilities are anticipated to create greater opportunities for the key players in the medical electronics market.
The report on global medical electronics market covers segments such as component and application. The component segments include displays, batteries, memory devices, microprocessors/microcontrollers and sensors. On the basis of application the global medical electronics market is categorized into monitoring, treatment and diagnosis.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global medical electronics market such as, Fairchild Semiconductor International, Inc., Renesas Electronics Corporation, Philips Healthcare Pvt. Ltd., Maxim Integrated Products, Inc., Texas Instruments, Inc., Cypress Semiconductor Corporation, GE Healthcare Pvt. Ltd, Analog Devices, Inc., Siemens AG, and NXP Semiconductors N.V.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global medical electronics market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of medical electronics market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the medical electronics market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the medical electronics market to understand the present and future trends in this market and formulate their strategies accordingly.