With 12% CAGR Growth rate Medical Electronics Market surge to overtake $148 Bn by 2024
Sellbyville, DE -- (SBWIRE) -- 01/14/2019 -- The Medical Electronics Market 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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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Philips Healthcare SL
- GE Healthcare
- Maxim Integrated
- Allengers Medical Systems Ltd.
- Toshiba Corporation St. Jude Medical
- Boston Scientific
- Olympus Corporation of the Americas
- ON Semiconductor
- Renesas Electronics Medtronic
- FUJIFILM Medical Systems U.S.A., Inc.
- Hitachi High-Technologies Corporation
- Samsung Electronics
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.
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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.
Medical Electronics Market, by Product
- Implantable Cardioverter-Defibrillators
- Implantable Loop Recorders
- Spinal Cord Stimulators
- Surgical Robots
- Respiratory Care Devices
- Patient Monitoring Devices
- PET/CT Devices
- MRI Scanners
- Ultrasound Devices
- X-rays Devices
- CT Scanners