Medical Electronics Market size was valued around USD 60 billion in 2016 with expectations to witness 12% CAGR from 2017 to 2024.
Sellbyville, DE -- (SBWIRE) -- 12/11/2018 -- Medical Electronics Market size is set to exceed USD 148 billion by 2024; according to a new research study published by Global Market Insights, Inc.
Increasing number of healthcare practitioners and rising number of community healthcare centers along with increasing adoption of better technologies for diagnosis and treatment will propel medical electronics market demand.
Increasing technological advancement will drive medical electronics market growth over the forecast period. Furthermore, growing disposable income levels in developing economies along with introduction of innovative products will surge industry expansion.
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Favorable regulatory policies for expansion of medical electronics industry and healthy reimbursement environment will propel business growth. However, high-cost associated with the medical electronics will impede industry expansion.
Surgical robots are widely used by surgeon for medical procedures ranging from bladder reconstruction to open heart surgeries. Lucrative return on investment and ability to save considerable time compared to conventional methods will fuel increasing surgical robots demand over the forecast period.
Respiratory care devices will witness significant revenue growth owing to increasing geriatric population and increasing prevalence of COPD, Asthma and other respiratory diseases. Technological advances aimed at developing more efficient and cost effective respiratory care devices will further propel the market growth.
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Hospitals are adopting innovative medical electronic devices to provide improved healthcare facilities to the patients. Rising healthcare cost and growing disposable income levels will spur business growth over the forecast years.
U.S. medical electronics market will witness significant growth owing to favorable regulatory scenario and presence of leading regional business players. Growing disposable income and rising adoption of technologically advanced products will stimulate business growth over the forecast period.
Domestic medical devices companies such as Siemens, Baxter General Electric, and Philips dominates the Russian medical electronics market. Favorable business environment and increasing adoption of technologically advanced products will fuel industry expansion over the forecast years.
Some of the prominent players in medical electronics industry include Phillips, Siemens AG, GE Healthcare, Maxim Integrated, Carestream Health, Allengers Medical. Industry players adopt strategies like new product development and collaborations with domestic players to strengthen their industry presence and expand their product portfolio.
Chapter 1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Breast imaging equipment industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
Chapter 3. Medical Electronics Market Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Technology landscape
3.4. Industry impact forces
3.4.1. Growth drivers
18.104.22.168. Government initiatives to improve healthcare access via insurance scheme
22.214.171.124. Adopting convergence of technologies - Medical, IT and telecom
126.96.36.199. Increase in the push towards minimally invasive surgeries
188.8.131.52. Leasing of capital intensive machines
184.108.40.206. Automation in diagnostic technology
220.127.116.11. Attractive policies for FDI
3.4.2. Industry pitfalls & challenges
18.104.22.168. Heightened regulatory scrutiny
22.214.171.124. New healthcare delivery model
3.5. Market entry analysis and regulatory landscape
3.5.3. Asia Pacific
3.6. Growth potential analysis
3.6.1. By Product
3.6.2. By End Use
3.7. Porter's analysis
3.8. Company landscape, 2016
3.8.1. Company share analysis
3.8.2. Business overview
3.8.3. Product landscape
3.8.4. Strategic dashboard
3.9. PESTEL analysis