Medical Electronics Market worth $6.6 billion by 2025

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MarketsandMarkets Presents

Medical Electronics Market worth 6.6 billion by
2025 Medical Electronics Market by Component
(Sensors, MCUs/MPUs, Displays, Memory Devices,
Batteries), Application (Patient Monitoring,
Diagnostic Imaging, Medical Implants), Product
(Invasive, Non-Invasive), and Region - Global
Forecast to 2025 https//www.marketsandmarkets.co
m/Market-Reports/medical-electronics-market-104528
355.html
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According to the new market research
report "Medical Electronics Market by Component
(Sensors, MCUs/MPUs, Displays, Memory Devices,
Batteries), Application (Patient Monitoring,
Diagnostic Imaging, Medical Implants), Product
(Invasive, Non-Invasive), and Region - Global
Forecast to 2025", published by
MarketsandMarkets, the Medical Electronics
Market is estimated to be worth USD 5.1
billion in 2019 and is expected to reach USD 6.6
billion by 2025, at a CAGR of 4.6 from 2019 to
2025. The rapid growth of the medical
electronics market can be attributed to the
rising incidents of chronic diseases increasing
adoption of medical imaging, monitoring, and
implantable devices rising expenditure on
healthcare across the world and a growing
elderly population. Increasing demand for early
disease diagnosis and widening scope of clinical
applications, technological advancements in
diagnostic imaging modalities, and rising
investments, funds, and grants by public-private
organizations are some of the other factors
driving the growth of this market. Browse 175
market data Tables and 69 Figures spread
through 256 Pages and in-depth TOC on "Medical
Electronics Market - Global Forecast to 2025"
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Medical electronics market for batteries to hold
the largest share during the forecast
period Increasing demand for high power portable
medical devices, such as cardiac monitors,
respiratory monitors, hemodynamic monitors, and
implantable devices, is the major factor
accelerating the growth of batteries in the
medical electronics industry. As most of the
medical devices are being computerized for better
diagnosis and monitoring, the number of
battery-powered medical devices is growing
rapidly. Unexpected failure or depletion of the
battery can stop the device from functioning
properly, preventing it from delivering a
lifesaving therapy. Therefore, there is a huge
demand for safe and reliable batteries for
medical devices. Ask PDF Brochure https//www.ma
rketsandmarkets.com/pdfdownloadNew.asp?id10452835
5 Non-invasive medical devices are expected to
hold the largest market share from 2019 to
2025 Factors such as the rising government
subsidies on medical devices, increasing adoption
of IoT-based medical devices, surging demand for
digital radiography systems, and growing use of
flat-panel detectors (FPDs) contribute to the
augmented demand for non-invasive products in the
medical electronics market.
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Patient monitoring application held the largest
share of the medical electronics market in
between 2019 and 2025 Factors such as the easy
availability of wireless monitoring devices and
the rising incidence of lifestyle and chronic
diseases are expected to drive market growth
during the forecast period. The growing demand
for patient monitoring devices in non-hospital
settings is also expected to provide a range of
growth opportunities for players in the market.
The integration of patient monitoring
technologies in smartphones and wireless devices
is a critical trend for patient care, resulting
in increasing adoption of patient remote
monitoring systems, mobile cardiac telemetry
devices, mobile personal digital assistant (PDA)
systems, ambulatory wireless EEG recorders, and
ambulatory event monitors. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id104528355 Americas expected to
hold the largest share of the medical electronics
market during the forecast period The Americas
accounted for the largest share of the global
medical electronics market in 2018. Factors such
as the rise in the geriatric population, presence
of advanced healthcare infrastructure, and high
healthcare expenditure are supporting the growth
of the medical electronics market in the
Americas. The medical electronics market has seen
tremendous growth in terms of technological
advancements, increased healthcare expenditure as
a percentage of total GDP, and integration of
health information technology (IT) into primary
care.
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The report profiles key players, including Analog
Devices (US), Texas Instrument (US), TE
Connectivity (Switzerland), Medtronics Plc
(Ireland), ST Microelectronics (Switzerland), NXP
Semiconductors (Netherlands), (US), Maxim
Integrated Products (US), ON Semiconductor (US),
Renesas Electronics Corporation (Japan),
Microchip Technology (US), Tekscan, (US), Monebo
(US), Cirtec Medical (US), First Sensor
(Germany), Sensirion (Switzerland), Innovative
Sensor Technology (Switzerland), Keller America
(US), and Merit Medical Systems (US).
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