Medical Electronics Market size worth USD 60 billion by 2023 (1)

1
Medical electronics market size worth USD 60
billion by 2023 growing at CAGR of over 5.5 from
2016 to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Medical Electronics
Market

• Asia Pacific medical electronics market is
  projected to witness significant growth owing to
  rapidly growing population, improving healthcare
  infrastructure as well as infrastructure in the
  developing countries such as India and China.
• North America is anticipate to be the largest
  market these electronic systems owing to
  supportive government regulations, favourable
  reimbursement policies, high healthcare
  expenditure, strong patient awareness and
  progressive healthcare technology.

3

• Application Analysis of Medical Electronics
  Market
• Health monitoring devices such as cardiac
  monitors as well as hemodynamic monitors are
  anticipated to experience surge due to its
  increasing applications in medical monitoring
  sector. Increasing consciousness about healthcare
  delivery systems along with rapidly growing
  population and escalating middle class income are
  expected to propel the industry growth over the
  forecast period.
• Factors such as lack of standard terminologies,
  decrease in productivity of medical
  professionals, issues related to violation of
  patient data security as well as significant
  learning difficulties are estimated to hamper the
  medical electronics market growth.
• Medical electronics offer various benefits such
  as increased output accuracy, improved quality of
  healthcare, remote health data availability, easy
  to update patient electronic records increased
  level of patient experience and precise billing
  mechanism. Next generation technologies namely
  bio-sensors embedded in drugs, wireless body
  networks, micro fluids nano electro mechanical
  systems and micro electro mechanical systems are
  forecast to provide potential growth
  opportunities.

4
Competitive Market Share of Medical Electronics
Market

• Major industry participants in medical
  electronics market share include GE Healthcare,
  Siemens AG, Texas Instruments Incorporated, Maxim
  Integrated, STMicroelectronics N.V., ON
  Semiconductor Corporation, Renesas Electronics
  Corporation and Freescale Semiconductor Inc.,
  Analog Devices, Angiotech Pharmaceuticals, Inc.,
  Fairchild Semiconductor International, Inc. and
  Cypress Semiconductor Corporation among others.

5

Browse Full Market Research Report On Medical
Electronics Market _at_ https//www.gminsights.com/i
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