Key Players' Impact on Global Medical Electronics Market Trends and Share: Forecast 2028 Analysis
MarkNtel Advisors has thoughtfully curated the Global Medical Electronics Market Research Report, taking into account our client's distinct needs. Our research offers a thorough examination of the present regional and global market conditions. This report on industry analysis extensively encompasses market dynamics, limitations, and their potential consequences on future market requirements, presenting a comprehensive overview of the sector.
What
is the projected growth rate of the Global Medical Electronics Market during
the forecast period?
The Global Medical Electronics market is
projected to grow at a CAGR of around 7% during the forecast period, i.e.,
2023-28.
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Global
Medical Electronics Market Key Driver:
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.
Segmentation
Analysis of Global Medical Electronics Market:
The
report has segmented the market into the following categories:
-By
Device Type
-Insulin Pumps for Diabetes Monitoring
-Pulse oximeter
-Continuous Glucose Monitoring
-Portable Insulin Injection Pen
-Blood Pressure Monitors
-Heart Rate Monitors
-ECG Monitors (Holters)
-Respiratory Therapy Management
-Scanners (Computer Tomography)
-MRI
-Ultrasound
-X-Ray
-Hemodialysis and Peritoneal Dialysis
Machines
-Implantable Cardioverter Defibrillator
-Rechargeable Wearable Device
-Hearing Implants
-Others (Sleep Monitors, Smart Bandage,
etc.)
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Competitive
Landscape with Key Player:
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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