Medical Electronics Market is expected to grow at a compound annual growth rate of 6.36% over the forecast period to reach US$61.937 billion by 2021, from US$42.402 billion in 2015. Medical Electronics help in patient diagnosis, monitoring patients over time and improving the quality of patient care. An increasing number of the lifestyle diseases, demand for advanced healthcare solutions and growing awareness about wellness are some of the key factors driving the growth of the market. Growing demand for personalized healthcare is also complementing the market demand for medical electronics solutions, as the monitored data so collected help in providing better care to patients. Asia Pacific region is expected to have a significant growth in this sector due to a rapid increase in population and improving healthcare infrastructure. Americas region is expected to dominate with the largest market share during the forecast period due to favorable government policies and early adoption of technologies.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and brief technological aspects of Medical Electronics. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Medical Electronics market has been segmented on the basis of Component and Application. Under component; Sensors, Display, Batteries, Memory devices and Microcontroller have been covered. By application, the market has been segmented into Diagnosis, Imaging, Monitoring, Therapeutics and Fitness &Wellness. Detailed comprehensive forecast with analysis has also been covered as part of this section.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation. Geographical regions covered as a part of this section are Americas, Europe Middle East and Africa and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Siemens, Maxim Integrated, STMicroelectronics, NXP Semiconductors, Cypress Semiconductor Corporation, GE Healthcare, ON Semiconductor Corporation, Texas Instruments and Renesas Electronics Corporation.
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