Medical Electronics Market growth outlook with industry review and forecasts

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Medical Electronics Market to surpass 148 Bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Medical Electronics Market

• U.S. medical electronics market will witness
  significant growth owing to favorable regulatory
  scenario and presence of leading regional
  business players. Growing disposable income and
  rising adoption of technologically advanced
  products will stimulate business growth over the
  forecast period.
• Domestic medical devices companies such as
  Siemens, Baxter General Electric, and Philips
  dominates the Russian medical electronics market.
  Favorable business environment and increasing
  adoption of technologically advanced products
  will fuel industry expansion over the forecast
  years.
• Some of the prominent players in medical
  electronics industry include Phillips, Siemens
  AG, GE Healthcare, Maxim Integrated, Carestream
  Health, Allengers Medical. Industry players
  adopt strategies like new product development and
  collaborations with domestic players to
  strengthen their industry presence and expand
  their product portfolio.

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Continued...

• Favorable regulatory policies for expansion of
  medical electronics industry and healthy
  reimbursement environment will propel business
  growth. However, high-cost associated with the
  medical electronics will impede industry
  expansion.
• Surgical robots are widely used by surgeon for
  medical procedures ranging from bladder
  reconstruction to open heart surgeries. Lucrative
  return on investment and ability to save
  considerable time compared to conventional
  methods will fuel increasing surgical robots
  demand over the forecast period.
• Respiratory care devices will witness significant
  revenue growth owing to increasing geriatric
  population and increasing prevalence of COPD,
  Asthma and other respiratory diseases.
  Technological advances aimed at developing more
  efficient and cost effective respiratory care
  devices will further propel the market growth.

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Germany Medical Electronics Market Value, By
Therapeutics)

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360 Analysis

• Application Trends
• Hospital are striving to gain operational
  efficiencies to cub the overall healthcare cost.
  It utilizes innovative medical electronic devices
  to offer quality service at a reasonable cost.
  Furthermore, competition among the hospitals is
  continuously increasing for providing better
  quality services at low prices. These factors are
  predicted to stimulate steady business growth
  over the coming years.
• Regional Trends
• U.S. Medical Electronics Market accounted for
  over 90 of regional revenue in 2016, owing to
  early technology adoption and regional presence
  of major established players. Rising healthcare
  expenditure and extensive coverage under the
  Affordable Care Act will stimulate forecast
  growth. Introduction of new innovative products
  to address various disease conditions will also
  fuel regional expansion.
• Competitive Market Share
• Some of the leading companies in medical
  electronics market include GE Healthcare,
  Phillips, Siemens, Medtronic, 3M, Fujifilm,
  Hitachi, Samsung and Toshiba. Other notable
  players include Boston Scientific, Olympus, On
  Semiconductor, Angiotech Pharmaceuticals,
  Carestream Health, Allengers Medical and Maxim
  Integrated.

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