Medical Electronics Market Size, By Product, By End Use, Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023

Description

Medical Electronics Market will grow noticeably during 2023-2032 owing to the constant innovations in medical electronics that seek to improve patient lives. Moreover, an increasing adoption of wearable devices such as smartwatches, glasses, and rings with inbuilt patient monitoring capabilities for health detection, will positively influence the industry outlook in the coming future.

In addition, electronic medical devices are crucial for modern healthcare as they help healthcare professionals perform their duties more efficiently and reliably. The healthcare industry has requirements that promote the safe manufacture and operation of medical-grade devices to protect the safety and health of patients.

Besides, introduction of AI in healthcare is accelerating the potential of medical electronics market growth. AI has been proven effective in detecting diseases, diagnosing them precisely, and determining their severity. Clinicians are also increasingly using AI to create more comprehensive treatment programs, allowing patients to manage their problems more effectively.

Overall, the medical electronics industry is segmented in terms of product, end-use and region.

Based on the product, the diagnostics segment is slated to hold a considerable market share through 2032. Increasing awareness regarding the advantages of diagnostic devices given its early detection of diseases will drive the demand for more enhanced and accurate diagnostic devices.

Professionals use diagnostic medical equipment and supplies to measure and examine numerous elements of the patient health. The clinician can then recommend a suitable treatment strategy once a diagnosis has been made. Stethoscopes, Ophthalmoscopes, Sphygmomanometers, Otoscopes, Electrocardiographs, and thermometers are some of the commonly used diagnosis devices.

Considering the end-user, the hospital segment held a market share of over 43.5% in 2022 and is anticipated to grow considerably through 2032. The mounting use of electronic devices in hospitals for treating patients suffering from acute and chronic diseases will help the segment grow in the coming years. Clinics or public hospitals in developed and developing regions are well equipped with therapeutics and diagnostic products such as MRI scanners, ultrasound devices, X-rays, and others, making it a preferred choice for patients to get treated.

Regionally, the Asia Pacific medical electronics market held over USD 34 billion market share in 2022. Growing geriatric population bases, improving healthcare infrastructure, and favorable regulatory scenarios for medical modalities for superior patient care are key factors anticipated to positively influence regional growth in the coming future.

Product Code: 284

Chapter 1 Methodology & Scope

1.1 Methodology
1.2 Market scope & definitions
1.3 Base estimates and calculations
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 MEA
1.4 Forecast calculations
1.5 Data validation
1.6 COVID-19 impact analysis at global level
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Medical electronics industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 End-use trends
- 2.1.4 Regional trends

Chapter 3 Medical Electronics Industry Insights

3.1 Industry landscape
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing burden of chronic and infectious diseases
  - 3.2.1.2 Growing adoption of technologically advanced medical electronics
  - 3.2.1.3 Increasing preference towards minimally invasive surgeries
  - 3.2.1.4 Upsurge in leasing of capital-intensive machines & development of significant policies for foreign direct investment (FDI)
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Stringent regulatory scenario
  - 3.2.2.2 Lack of skilled healthcare professionals
3.3 Growth potential analysis
- 3.3.1 By product
- 3.3.2 By end-use
3.4 COVID- 19 impact analysis
3.5 Market entry analysis
- 3.5.1 U.S.
- 3.5.2 Europe
  - 3.5.2.1 Germany
  - 3.5.2.2 Italy
  - 3.5.2.3 Russia
- 3.5.3 Asia Pacific
  - 3.5.3.1 China
  - 3.5.3.2 India
  - 3.5.3.3 Japan
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape

4.1 Introduction
- 4.1.1 Abbott Laboratoriesc
- 4.1.2 GE Healthcare
- 4.1.3 Boston Scientific Corporation
4.2 Competitive dashboard, 2021
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Medical Electronics Market, By Product

5.1 Key product trends
5.2 Therapeutic
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.2.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.2.3 Pacemakers
  - 5.2.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.3.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.2.4 Implantable cardioverter-defibrillators
  - 5.2.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.4.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.2.5 Neurostimulation devices
  - 5.2.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.5.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.2.6 Surgical robots
  - 5.2.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.6.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.2.7 Respiratory care devices
  - 5.2.7.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.2.7.2 Market estimates and forecast, 2018 - 2032 (Units)
5.3 Diagnostics
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.3.3 Patient monitoring devices
  - 5.3.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.3.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.3.4 PET-CT devices
  - 5.3.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.4.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.3.5 MRI scanners
  - 5.3.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.5.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.3.6 Ultrasound devices
  - 5.3.6.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.6.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.3.7 X-rays devices
  - 5.3.7.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.7.2 Market estimates and forecast, 2018 - 2032 (Units)
- 5.3.8 CT scanners
  - 5.3.8.1 Market estimates and forecast, 2018 - 2032 (USD Million)
  - 5.3.8.2 Market estimates and forecast, 2018 - 2032 (Units)
5.4 Others
- 5.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.4.2 Market estimates and forecast, 2018 - 2032 (Units)

Chapter 6 Medical Electronics Market, By End-use

6.1 Key end-use trends
6.2 Hospital
- 6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.2.2 Market estimates and forecast, 2018 - 2032 (Units)
6.3 Ambulatory surgical centers
- 6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.3.2 Market estimates and forecast, 2018 - 2032 (Units)
6.4 Clinics
- 6.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.4.2 Market estimates and forecast, 2018 - 2032 (Units)
6.5 Others
- 6.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.5.2 Market estimates and forecast, 2018 - 2032 (Units)

Chapter 7 Medical Electronics Market, By Region

7.1 Key regional trends
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Poland
- 7.3.8 Austria
- 7.3.9 Slovakia
- 7.3.10 Switzerland
- 7.3.11 Czech Republic
- 7.3.12 Norway
- 7.3.13 Finland
- 7.3.14 Sweden
- 7.3.15 Denmark
- 7.3.16 Benelux
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Taiwan
- 7.4.7 Indonesia
- 7.4.8 Vietnam
- 7.4.9 Cambodia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
7.6 Middle East & Africa
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 UAE

Chapter 8 Company Profiles

8.1 Siemens Healthineers AG
8.2 Samsung Electronics Co. Ltd
8.3 General Electric Company (GE Healthcare)
8.4 Koninklijke Philips N.V
8.5 Boston Scientific Corporation
8.6 Abbott Laboratories
8.7 Allengers Medical
8.8 Medtronic plc
8.9 Carestream Health
8.10 Olympus Corp
8.11 Analog Devices, Inc. (Maxim Integrated)
8.12 Hitachi High Technologies Corporation
8.13 Fujifilm Holdings Corporation
8.14 Toshiba Medical Systems Corporation

Medical Electronics Market Size, By Product, By End Use, Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032