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Global Medical Electronics Market Research Report: Forecast (2023-2028)

By Device Type (Insulin Pumps for Diabetes Monitoring, Blood Pressure Monitors, Heart Rate Monitors, ECG Monitors (Holters), Respiratory Therapy Management, Scanners (Computer Tomography), MRI, Ultras... ... graphy), MRI, Ultrasound, X-Ray, Hemodialysis and Peritoneal Dialysis Machines, Implantable Cardioverter Defibrillator, Rechargeable Wearable Device, Hearing Implants, Others (Sleep Monitors, Smart Bandage, etc.)), By Component (Sensors, Batteries, Memory Chips, Displays, Microprocessors/Microcontrollers), By End-User Product (Diagnostic Imaging Devices, Medical Implantable Devices, 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), By Company (Analog Devices, Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Texas Instruments Inc., ON Semiconductor Corporation, Microchip Technology, Japan Semiconductor Corporation AMS, Renesas Electronics Corporation, Others) Read more

Healthcare
May 2023
Pages 187
Report Format: PDF, Excel, PPT

Market Definition

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.

Market Insights & Analysis: Global Medical Electronics Market (2023-28)

The Global Medical Electronics market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28. Several chronic diseases have grown across the globe due to numerous factors such as sedentary lifestyles, aging population, genetic factors, and various other environmental factors such as pollution, exposure to toxins, climate change, etc. According to the World Health Organization (WHO), non-communicable diseases & chronic diseases accounted for 71% of all deaths globally in 2020, and it is estimated that by 2030, the number of deaths from chronic diseases would rise by around 17%. These chronic diseases lead to complications & fatal outcomes and are responsible for several death cases across the globe. For instance:

According to the Grattan Institute report, chronic disease accounted for almost 85% of the total burden of deaths in Australia in 2022.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	7%
Regions Covered	North America: The US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
	South America: Brazil, Rest of South America
	Middle East & Africa: The UAE, Saudi Arabia, Qatar, Kuwait, Turkey, South Africa, Rest of the Middle East & Africa
Key Companies Profiled	Analog Devices, Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Texas Instruments Inc., ON Semiconductor Corporation, Microchip Technology, Japan Semiconductor Corporation AMS, Renesas Electronics Corporation, Others
Unit Denominations	USD Million/Billion

Owing to this, chronic diseases such as cardiovascular disease, diabetes, cancer, and respiratory diseases require continuous monitoring & management. As a result, the demand for medical devices for monitoring and diagnosis purposes rose, the medical electronics such as sensors, microcontrollers, and wireless connectivity devices also witnessed a surge during the historical period. Moreover, in course of the pandemic, the demand for devices such as X-rays, CT scanners, Electrocardiograms, MRI machines, etc., upsurged for regular monitoring of the patients suffering from COVID-19.

In addition to this, the market has also witnessed a spark during the pandemic due to the need for remote monitoring of individuals suffering from chronic disease, as they avoided visiting hospitals concerning the rapid spread of the virus. Hence, this increased requirement for medical electronic components like high-performance sensors, Ics, and high-speed data converters. Furthermore, the encroachment in medical technology is leading to the development of new advanced medical devices that can monitor vital signs & detect early signs of medical problems. Henceforth, the development of new surgical & minimally invasive procedures is also influencing the advancement of specialized devices, thus supplementing the revenue growth of the market in the following years.

Global Medical Electronics Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Medical Electronics Market Trends & Insights
Global Medical Electronics Market Dynamics
1. Growth Drivers
2. Challenges
Global Medical Electronics Market Regulations & Policies
Global Medical Electronics Market Supply Chain Analysis
Global Medical Electronics Market Hotspots & Opportunities
Global Medical Devices Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Units (Thousand Units)
2. Market Share & Outlook
  1. By Device Type
    1. Insulin Pumps for Diabetes Monitoring
    2. Pulse oximeter
    3. Continuous Glucose Monitoring
    4. Portable Insulin Injection Pen
    5. Blood Pressure Monitors
    6. Heart Rate Monitors
    7. ECG Monitors (Holters)
    8. Respiratory Therapy Management
    9. Scanners (Computer Tomography)
    10. MRI
    11. Ultrasound
    12. X-Ray
    13. Hemodialysis and Peritoneal Dialysis Machines
    14. Implantable Cardioverter Defibrillator
    15. Rechargeable Wearable Device
    16. Hearing Implants
    17. Others (Sleep Monitors, Smart Bandage, etc.)
3. Medical Device Pricing Analysis, By Device Type
Global Medical Device Semi-Conductor Spending, By Medical Device Company, 2018-2028
1. Abbott
2. Align Technology
3. B. Braun
4. Baxter International
5. Bayer
6. Becton, Dickinson & Company
7. Boston Scientific
8. Canon
9. Cardinal Health
10. Cochlear Limited
11. Coloplast
12. Danaher
13. Draegerwerk
14. Edwards Lifesciences
15. Fresenius Medical
16. Fujifilm
17. Garmin
18. GE Healthcare
19. Getinge AB
20. Globus Medical
21. Hill-Rom Holdings Inc.
22. Hologic Inc.
23. Honeywell
24. Hoya Corp
25. Insulet Corporation
26. Intuitive Surgical
27. Johnson & Johnson
28. Medtronic
29. Mitsubishi
30. Novartis
31. Olympus
32. Omron
33. Owens & Minor Inc.
34. Panasonic
35. Philips Healthcare
36. ResMed Inc.
37. Roche
38. Siemens
39. Smith & Nephew
40. Suunto
41. Steris PLC
42. Straumann
43. Stryker
44. The Cooper Companies
45. ThermoFisher Scientific
46. Varian Medical Systems
47. Wright Medical Group N.V.
48. Zimmer Biomet
49. Conmed Corporation
Global Medical Electronics Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
2. Market Share & Outlook
  1. By Component
    1. Sensors,
      1. Temperature Sensors,
      2. Pressure Sensors,
      3. Blood Glucose Sensors,
      4. Blood Oxygen Sensors,
      5. ECG Sensors,
      6. Image Sensors,
      7. Motion Sensors,
      8. Heart rate Sensors,
      9. Others (Position Sensors, Piezo Film Sensors, etc.),
    2. Batteries,
      1. Lithium-ion batteries,
      2. Nickel-metal hydride batteries,
      3. Zinc-carbon batteries,
      4. Others (Nickel-cadmium batteries, Silver-zinc batteries, Alkaline batteries, etc.),
    3. Memory Chips,
      1. Flash Memory,
      2. Synchronous dynamic random-access memory (SDRAM)
      3. Ferroelectric RAM (FRAM)
      4. Erasable programmable read-only memory (EPROM)
      5. Electrically erasable programmable read-only memory (EEPROM)
      6. Others (magnetic memory, optical memory, etc.)
    4. Displays
      1. TFT LCD Displays
      2. OLED Displays
      3. LED Displays
    5. Microprocessors/Microcontrollers
      1. Microprocessor Units
      2. Microcontrollers Units
      3. Application-Specific Integrated Circuits
      4. Field-Programmable Gate Arrays
  2. By End-User Product
    1. Diagnostic Imaging Devices
      1. MRI Scanners
      2. X-Ray Scanners
      3. CT Scanners
      4. Ultrasound Scanners
      5. Nuclear Imaging Systems
        
        PET Scanners
        
        SPECT Scanners
      6. Endoscopy
    2. Patient Monitoring Devices
      1. Cardiac Monitors
        
        ECG/EKG Monitors
        
        Heart Rate Monitors
        
        Doppler Fetal Monitors
        
        Multipara Monitors
        
        Digital Thermometers
      2. Respiratory Monitors
        
        Pulse Oximeters
        
        Continuous Positive Airway Pressure (CPAP) Devices
        
        Sleep Apnea Monitors
        
        Anesthesia Monitors
      3. Hemodynamic Monitors
        
        Blood Pressure Monitors
        
        Blood Glucose Monitors
        
        Blood Gas Monitors
    3. Medical Implantable Devices
      1. Pacemakers
      2. Spinal Cord Stimulators
      3. Gastric Electric Stimulators
      4. Implantable Loop Recorders
    4. Ventilators and RGM Equipment
    5. Other Devices (Patient Position Monitor, Coagulation monitors, etc.)
  3. By Medical Device Classification
    1. Class I
    2. Class II
    3. Class III
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East and Africa
    5. Asia-Pacific
  5. By Company
    1. Competition Characteristics
    2. Market Share & Outlook
North America Medical Electronics Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
2. Market Share & Outlook
  1. By Component
  2. By End-User Product
  3. By Medical Device Classification
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
4. Canada Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
5. Mexico Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
South America Medical Electronics Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
2. Market Share & Outlook
  1. By Component
  2. By End-User Product
  3. By Medical Device Classification
  4. By Country
    1. Brazil
    2. Rest of South America
3. Brazil Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
4. Argentina Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
Europe Medical Electronics Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
2. Market Share & Outlook
  1. By Component
  2. By End-User Product
  3. By Medical Device Classification
  4. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of the Europe
3. The UK Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
4. Germany Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
5. France Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
6. Italy Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
7. Spain Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
The Middle East & Africa Medical Electronics Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
2. Market Share & Outlook
  1. By Component
  2. By End-User Product
  3. By Medical Device Classification
  4. By Country
    1. The UAE
    2. Saudi Arabia
    3. Qatar
    4. Kuwait
    5. Turkey
    6. South Africa
    7. Rest of the Middle East & Africa
3. The UAE Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
4. Saudi Arabia Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
5. Qatar Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
6. Kuwait Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
7. Turkey Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
8. South Africa Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
Asia-Pacific Medical Electronics Market Outlook, 2018-2028
1. Market Size & Outlook
  1. By Revenue (USD Million)
2. Market Share & Outlook
  1. By Component
  2. By End-User Product
  3. By Medical Device Classification
  4. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of the Asia-Pacific
3. China Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
4. India Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
5. Japan Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
6. South Korea Medical Electronics Market Outlook, 2018-2028
  1. Market Size & Outlook
    1. By Revenue (USD Million)
  2. Market Share & Outlook
    1. By Component
Global Medical Electronics Market Key Strategic Imperatives for Growth & Success
Competitive Benchmarking
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, SWOT Analysis, etc.)
  1. Analog Devices
  2. Infineon Technologies AG
  3. STMicroelectronics
  4. NXP Semiconductors
  5. Texas Instruments Inc.
  6. ON Semiconductor Corporation
  7. Microchip Technology
  8. Japan Semiconductor Corporation
  9. AMS
  10. Renesas Electronics Corporation
  11. TE Connectivity
  12. TDK Corporation
  13. Vishay Intertechnology
  14. Sensirion AG
  15. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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