Overview


According to FutureWise analysis the market for medical electronics in 2023 is US$ 7.23 billion, and is expected to reach US$ 12.53 billion by 2031 at a CAGR of 7.12%.

The term "medical electronics" describes the use of electrical and computer technology for the creation of instruments and devices used in the diagnosis, observation, and management of medical diseases. The field of medical electronics is regarded as a specialist one that combines engineering with areas like clinical practise and biological sciences. Medical electronics are more advantageous than paper records. It also enhances the standard of patient care while allowing one to track information over time.

The increase in the elderly population and rising life expectancy are two key factors anticipated to propel the development of the medical electronics market during the projection period. The rapid use of diagnostic tools like CT scanners, X-ray machines, and ultrasound equipment in the detection of various illnesses and bone-related problems has traditionally been a major driver of market expansion. Additionally, growing research expenditures have enabled the integration of cutting-edge technologies like artificial intelligence (AI) with a variety of medical devices. Technology developments enable healthcare facilities to provide better patient care services, increase patient conveniences, and enhance patient encounters across the board. The demand for different medical electronics around the world is driving the market development for medical electronics due to the population's increasing demand for early illness diagnosis and treatment, as well as the growing acceptance of minimally intrusive procedures.

FutureWise Market Research has published a report that provides an insightful analysis of Medical Electronics Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Medical Electronics Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.

  • Texas Instrument 
  • TE Connectivity 
  • Medtronics Plc 
  • ST Microelectronics 
  • NXP Semiconductors 
  • Maxim Integrated Products 
  • ON Semiconductor 
  • Renesas Electronics Corporation 
  • Microchip Technology 
  • Tekscan
  • Monebo 
  • Cirtec Medical 
  • First Sensor 
  • Innovative Sensor Technology 
  • Keller America 
  • Biovision Technology 
  • Merit Medical Systems 

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent developments by key players in Medical Electronics Market:

  • In August 2022, The South Korean Ministry of Food and Drug Safety has given the go-ahead to VUNO, a company that develops medical artificial intelligence, for its portable ECG device, Hativ Pro., which analyses a user's heart rate and transmits this information via a connected smartphone application.
  • In February 2022, Shineco, Inc. has joined forces with Weifang Jianyi Medical Devices Co., Ltd., one of China's leading producers of medical equipment with its headquarters in Shandong Province, to jointly build and commercialise imaging systems including PET, PET-CT, and PET-MRI.

During the past few years, the medical electronics industry has grown significantly, propelled by a number of important factors. The growing need for advanced medical technology, which arises from healthcare providers' efforts to enhance patient outcomes and lower healthcare costs, is one of the main factors. Also, as older folks often need more medical care than younger individuals, an ageing population in many regions of the world is increasing demand for medical electronics equipment. The development of technology in the industry is another significant element propelling growth in the medical electronics market. Medical device makers are able to create increasingly complicated and advanced medical electronics devices as electronic and computer technology continue to advance. For instance, improvements in miniaturisation technology have made it possible to create smaller, more portable medical equipment that can be utilised in a broader variety of contexts.

The growth and development of the market for medical electronics might be hampered by a few obstacles and potential restrictions. One major issue is the high cost of creating and manufacturing medical electronics devices, which might make them expensive for some patients and healthcare professionals.

By Application

  • Medical imaging
  • Clinical, diagnostic, and therapeutics
  • Patient monitoring
  • Flow measurement
  • Cardiology
  • Others

By Component

  • Sensors
    • Temperature Sensors
    • Pressure Sensors
    • Blood Glucose Sensors
    • Blood Oxygen Sensors
    • Ecg Sensors
    • Image Sensors
    • Motion Sensors
    • Heart Rate Sensors
    • Touch Sensors
  • Batteries
    • Lithium-Ion (Li-Ion) Batteries
    • Lead Acid Batteries
    • Zinc Air Batteries
    • Others
      • Nickel-Cadmium (NI-CD) Batteries
      • Nickel-Metal Hydride (NIMH) Batteries
      • Alkaline-Manganese Batteries
  • Memory Devices
    • Flash Memory
    • SDRAM
    • EPROM
    • FRAM
  • Displays
    • Tft-Lcd Displays
    • OLED Displays
    • LED Displays
  • Microprocessors/Microcontrollers
    • Microprocessor Units
    • Microcontroller Units
    • Application-Specific Integrated Circuits
    • Field-Programmable Gate Arrays

By Product Type

  • Non-Invasive Products
    • Imaging Devices
      • MRI (Magnetic Resonance Imaging) Scanners
      • X-Ray Scanners
      • Computed Tomography (CT) Scanners
      • Ultrasound Scanners
      • Nuclear Imaging Systems
        • Positron Emission Tomography (Pet) Scanners
        • Single-Photon Emission Computed Tomography (Spect) Scanners
    • Monitoring Devices
      • Cardiac Monitors
        • Ecg/Ekg Monitors
        • Heart Rate Monitors
        • Doppler Fetal Monitors
      • Hemodynamic Monitors
        • Blood Pressure Monitors
        • Blood Glucose Monitors
        • Blood Gas Monitors
      • Respiratory Monitors
        • Pulse Oximeters
        • Continuous Positive Airway Pressure (Cpap)Devices
        • Sleep Apnea Monitors
        • Anesthesia Monitors
      • Multipara Monitors
      • Digital Thermometers
  • Invasive Products
    • Endoscopes
    • Pacemakers
    • Implantable Cardioverter Defibrillators
    • Implantable Loop Recorders
    • Spinal Cord Stimulators
    • Gastric Electric Stimulators

By Medical Device Classification

  • Class I
  • Class II
  • Class III

By End User Products

  • Diagnostic and imaging devices
  • Patient monitoring devices
  • Medical implantable devices
  • Ventilators and RGM equipment

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. A well-established healthcare infrastructure, a growing prevalence of chronic diseases among the population, a rising use of cutting-edge technology in healthcare systems, and high healthcare spending are just a few of the reasons why North America is predicted to dominate the market over the forecast period. Additionally, over the course of the projection period, market development is anticipated to be accelerated by rising technical breakthroughs in medical electronics and rising demand for minimally invasive therapies. Additionally, based on component; batteries hold a market share of 31.0% in 2022. By product type, non-invasive products hold market share of 62.8% in global market in 2022, followed by invasive registering a share of 37.2%.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Medical Electronics Market By Application, By Component, By Product Type, By Medical Device Classification, By End User Products and By Region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- Application launches, technological advancements, mergers and expansions

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Medical Electronics Market Variables, Trends and Scope

    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Medical Electronics Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Medical Electronics Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Medical Electronics Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Medical imaging
        2. Clinical, diagnostic, and therapeutics
        3. Patient monitoring
        4. Flow measurement
        5. Cardiology
        6. Others

  • 8.   Medical Electronics Market, By Component Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Sensors
         1.1. Temperature Sensors
         1.2. Pressure Sensors
         1.3. Blood Glucose Sensors
         1.4. Blood Oxygen Sensors
         1.5. Ecg Sensors
         1.6. Image Sensors
         1.7. Motion Sensors
         1.8. Heart Rate Sensors
         1.9. Touch Sensors
        2. Batteries
         2.1. Lithium-Ion (Li-Ion) Batteries
         2.2. Lead Acid Batteries
         2.3. Zinc Air Batteries
         2.4. Others
          2.4.1. Nickel-Cadmium (NI-CD) Batteries
          2.4.2. Nickel-Metal Hydride (NIMH) Batteries
          2.4.3. Alkaline-Manganese Batteries
        3. Memory Devices
         3.1. Flash Memory
         3.2. Sdram
         3.3. Eprom
         3.4. Fram
        4. Displays
         4.1. Tft-Lcd Displays
         4.2. OLED Displays
         4.3. LED Displays
        5. Microprocessors/Microcontrollers
         5.1. Microprocessor Units
         5.2. Microcontroller Units
         5.3. Application-Specific Integrated Circuits
         5.4. Field-Programmable Gate Arrays

  • 9.   Medical Electronics Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Non-Invasive Products
         1.1. Imaging Devices
          1.1.1. MRI (Magnetic Resonance Imaging) Scanners
          1.1.2. X-Ray Scanners
          1.1.3. Computed Tomography (CT) Scanners
          1.1.4. Ultrasound Scanners
          1.1.5. Nuclear Imaging Systems
           1.1.5.1. Positron Emission Tomography (Pet) Scanners
           1.1.5.2. Single-Photon Emission Computed Tomography (Spect) Scanners
         1.2. Monitoring Devices
          1.2.1. Cardiac Monitors
           1.2.1.1. Ecg/Ekg Monitors
           1.2.1.2. Heart Rate Monitors
           1.2.1.3. Doppler Fetal Monitors
          1.2.2. Hemodynamic Monitors
           1.2.2.1. Blood Pressure Monitors
           1.2.2.2. Blood Glucose Monitors
           1.2.2.3. Blood Gas Monitors
          1.2.3. Respiratory Monitors
           1.2.3.1. Pulse Oximeters
           1.2.3.2. Continuous Positive Airway Pressure (Cpap)Devices
           1.2.3.3. Sleep Apnea Monitors
           1.2.3.4. Anesthesia Monitors
          1.2.4. Multipara Monitors
          1.2.5. Digital Thermometers
        2. Invasive Products
         2.1. Endoscopes
         2.2. Pacemakers
         2.3. Implantable Cardioverter Defibrillators
         2.4. Implantable Loop Recorders
         2.5. Spinal Cord Stimulators
         2.6. Gastric Electric Stimulators

  • 10.   Medical Electronics Market, By Medical Device Classification Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Class I
        2. Class II
        3. Class III

  • 11.   Medical Electronics Market, By End User Products Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Diagnostic And Imaging Devices
        2. Patient Monitoring Devices
        3. Medical Implantable Devices
        4. Ventilators And RGM Equipment

  • 12.   North America Medical Electronics Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 13.   Latin America Medical Electronics Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 14.   Europe Medical Electronics Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 15.   Asia Pacific Medical Electronics Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 16.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 17.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 18.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)

    •   1. Texas Instrument 
         1.1. Company Overview
         1.2. Application Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. TE Connectivity 
         2.1. Company Overview
         2.2. Application Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Medtronics Plc 
         3.1. Company Overview
         3.2. Application Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. ST Microelectronics 
         4.1. Company Overview
         4.2. Application Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. NXP Semiconductors 
         5.1. Company Overview
         5.2. Application Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Maxim Integrated Products 
         6.1. Company Overview
         6.2. Application Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. ON Semiconductor 
         7.1. Company Overview
         7.2. Application Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Renesas Electronics Corporation 
         8.1. Company Overview
         8.2. Application Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Microchip Technology 
         9.1. Company Overview
         9.2. Application Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Tekscan
         10.1. Company Overview
         10.2. Application Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Monebo 
         11.1. Company Overview
         11.2. Application Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Cirtec Medical 
         12.1. Company Overview
         12.2. Application Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. First Sensor 
         13.1. Company Overview
         13.2. Application Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. Innovative Sensor Technology 
         14.1. Company Overview
         14.2. Application Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15. Keller America 
         15.1. Company Overview
         15.2. Application Portfolio
         15.3. SWOT Analysis
         15.4. Financial Overview
         15.5. Strategic Overview
        16. Biovision Technology 
         16.1. Company Overview
         16.2. Device Portfolio
         16.3. SWOT Analysis
         16.4. Financial Overview
         16.5. Strategic Overview
        17. Merit Medical Systems 
         17.1. Company Overview
         17.2. Device Portfolio
         17.3. SWOT Analysis
         17.4. Financial Overview
         17.5. Strategic Overview

  • 19.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 20.   FutureWise SME Key Takeaway Points for Client

Ask for Discount
Buy Now
Customize This Report
  • We Offer Special Discounts for start-ups, NGOs, and Educational & Research institutions.

Need Assistance

  • UK : +44 141 628 9353
  • US : +1 347 709 4931

What you get

  • Excel Dataset
  • Market Overview
  • Infographics
  • PowerPoint Presentation
  • PDF Report

What's included

  • Consumer Perception and Procurement
  • Market Data Forecast
  • Competitive Analysis
  • Risks and Opportunity Assessment
  • Market Trends and Dynamics
Partner

Our Clients

image0
image1
image2
image3
image4
image5
image6
image7
image8
image9
image10
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11