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Non-Invasive Product Market Is Expected to Hold the Largest Share of the Medical Electronics Market by 2022

The medical electronics market was valued at USD 3.01 Billion in 2015 and is expected to reach USD 4.41 Billion by 2022, growing at a CAGR of 5.4% between 2016 and 2022.

 

Seattle, WA -- (SBWIRE) -- 11/07/2016 -- The medical electronics market was valued at USD 3.01 Billion in 2015 and is expected to reach USD 4.41 Billion by 2022, at a CAGR of 5.4% during the forecast period. The base year used for this study is 2015 and the forecast period has been considered between 2016 and 2022. Factors such as rising ageing population and growing lifestyle diseases; rising demand for personalized, easy to use, and advanced healthcare devices; and increasing adoption of wearable electronics are driving the growth of the market.

PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=104528355

The factors driving the medical electronics market are rising ageing population and growing lifestyle diseases; rising demand for personalized, easy to use, and advanced healthcare devices; and increasing adoption of wearable electronics.

Non-invasive product market is expected to hold the largest share of the medical electronics market by 2022

The market for non-invasive products accounted for the largest share in 2015. It is expected to grow at a high CAGR between 2016 and 2022. The players of the medical electronics market are concentrating on manufacturing portable ECG devices which can be used at home by cardiac patients. ECG devices are used for cardiac treatment, and various products are being designed to provide the ease of usage to patients.

APAC expected to grow at the highest CAGR during forecast period

The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The increasing population with respiratory diseases such as sleep apnea and the aging population are the major drivers for the medical electronics market in APAC region. The medical electronics market in APAC is set to grow because of technological advancements and increased awareness amongst population. The APAC is the fastest-growing region in terms of technological advancement, healthcare infrastructure, and so on.

Report Details @ http://www.marketsandmarkets.com/Market-Reports/medical-electronics-market-104528355.html

The report also profiles the most promising players in the medical electronics market. The key players in the medical electronics market are Philips Healthcare (Netherlands), Siemens Healthcare (Germany),Medtronic Plc. (Ireland), Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), GE Healthcare, Inc. (U.S),and Texas Instruments (U.S).

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