Dublin, May 13, 2019 (GLOBE NEWSWIRE) -- The "Global Medical Electronics Market By Product Type (Therapeutic & Diagnostics), By End-user (Hospital, Ambulatory Surgical Center, Clinic & Others), By Region (North America, Europe, Asia-Pacific & Others), Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The global medical electronics market was valued over $ 73 billion in 2018 and is projected to grow at a CAGR of around 8% to reach $ 113 billion by 2024, on account of the increasing demand for advanced healthcare facilities and growing geriatric population across the globe were analysed.
Medical electronics refer to those electrical equipment and devices which are used for medical purposes such as examination, diagnosis, treatment and assistance. Rising healthcare awareness and technological advancements are further expected to boost the growth of the global medical electronics market.
Moreover, rising number of lifestyle diseases and favorable regulatory policies for the expansion of the medical electronics industry are further anticipated to positively influence the global medical electronics market through 2024.
Market Segmentation
The global medical electronics market can be segmented based on product type, end-user and region
Based on the product type, the market can be bifurcated into diagnostics and therapeutic. Diagnostics product type includes patient monitoring devices, PET/CT devices, MRI scanners, ultrasound devices, X-ray devices, CT Scanners and others. The diagnostics segment acquires the majority share in the market, owing to increasing awareness regarding benefits of early diagnosis. The therapeutic segment is anticipated to witness the fastest growth in the global medical electronics market, on account of increasing prevalence of cardiovascular and neurological diseases.
In terms of end-user, the market can be segmented into hospital, ambulatory surgical centers, clinics and others. The hospital segment acquired the majority share in the global medical electronics market, as the hospitals covered under the public healthcare system are equipped with advanced medical devices, which is promoting the growth of medical electronics in this sector.
Regionally, the market for medical electronics is gaining traction and expanding to various regions including, North America, Europe, Asia-Pacific, South America and the Middle East & Africa. North America is leading the global medical electronics market, owing to improved healthcare infrastructure and the surging demand for medical electronics in the region.
The major players operating in the global medical electronics market include Johnson & Johnson Services, Inc., GE Healthcare Pvt. Ltd, Philips Healthcare Pvt. Ltd., Siemens AG, Medtronic Plc., Baxter International Inc., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new product developments. GE Healthcare and Wipro inked partnership in order to attain effective management, resource mobilization, and higher growth.
Some of the leading players in the global medical electronics market are Johnson & Johnson Services, Inc., GE Healthcare Pvt. Ltd, Philips Healthcare Pvt. Ltd., Siemens AG, Medtronic Plc., Baxter International Inc., etc.
Years Considered
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study
- To analyze and forecast the global medical electronics market size.
- To classify and forecast the global medical electronics market based on product type, end-user and regional distribution.
- To identify drivers and challenges for the global medical electronics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global medical electronics market.
- To conduct pricing analysis for the global medical electronics market.
- To identify and analyze the profile of leading players operating in the global medical electronics market.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Medical Electronics Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (Therapeutic & Diagnostics)
5.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
5.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
5.2.2. By End-user (Hospital, Ambulatory surgical centers, Clinics and Others)
5.2.3. By Region
5.2.4. By Company
5.3. Market Attractiveness Index
6. North America Medical Electronics Market Outlook
7. Europe Medical Electronics Market Outlook
8. Asia-Pacific Medical Electronics Market Outlook
9. South America Medical Electronics Market Outlook
10. MEA Medical Electronics Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Johnson & Johnson Services Inc.
13.2. Philips Healthcare Pvt. Ltd.
13.3. GE Healthcare Pvt. Ltd
13.4. Siemens AG
13.5. Medtronic PLC
13.6. Baxter International Inc.
13.7. Cardinal Health Inc.
13.8. Stryker Corporation
13.9. Fresenius Medical Care
13.10. Becton, Dickinson and Company
(Note: The companies list can be customized based on the client requirements)
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/mb0qsm
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.