Medical Electronics Market, By Application (Therapeutics, Imaging, Handheld/Homecare Products, and Patient Monitoring), and By Geography (NA, EU, APAC, LATAM and MEA) Trends, & Forecast Analysis From 2020 2026
REPORT HIGHLIGHT
The medical electronics market was valued at USD 146.8 billion by 2019, growing with 8.51% CAGR during the forecast period, 2020-2026
Market Dynamics
Electronic devices are progressively used for diagnosis, therapy, and rehabilitation in the medical field. Medical electronics and electromechanical equipment have become essential for aiding patients with the best services. Usually referred to as a branch of electronics, in medical electronics the instruments and medical equipment are used for medical applications such as diagnosis, research, therapy, surgery, anesthesia control, and cardiac control. The engineering of medical electronics has integrated medicine as well as environmental science with theories & practices of engineering.
Medical science treats and cures all diseases by using specific and sophisticated equipment in medical electronics. Making use of medical electronics can have numerous benefits such as enhanced healthcare quality, accurate billing mechanism, availability of remote health data, rising levels of patient experience, easy updating patient records, and increase in output precision. The dominance of healthcare therapeutics and rising demand for imaging systems are some of the driving factors boosting the growth of the medical electronics market. Also, there is a significant increase in the consumption of respiratory care devices owing to the increasing ageing population, lifestyle changes, and high occurrence of respiratory diseases, which is anticipated to uplift the therapeutic segment. Moreover, the introduction of handheld and portable devices has also enhanced the progress of the industry. The demand for medical electronics is also expected to spur owing to the growing adoption of therapeutic equipment such as CPAP, CRM, and oxygen concentrators.
As per a study conducted in 2014 by the CDC, the total expenditure for healthcare in the U.S. alone was $3.0 trillion. The study also showed that a huge number of people also suffer from obstructive chronic pulmonary disease. Eventually, the burden of these diseases results in increased taxes, loss of productivity, and higher insurance rate. Thus, making use of medical electronics helps in quicker diagnosis & treatment.
Application Takeaway
Based on application the global industry is segmented into therapeutics, imaging, handheld/homecare products, and patient monitoring. Of these applications, the imaging segment dominated the global market in 2018 and is all set to grow exponentially during the forecast period. The imaging industry is espousing several diagnostic technologies in order to produce a visual picture of the internal human body for treatment and diagnosis purpose. As technology is advancing tremendously especially in the healthcare sector, market vendors are introducing improved imaging systems, which can provide information constrained to the area of examination.
Minister for Health and Maltese Physician, Chris Fearne invested $2.12 million in July 2016, to launch an angio suite. This angio suite technology was introduced mainly for the department of imaging at Mater Dei Hospital. This new technology enables cardiologists to view 3D images of arteries and vital organs. Angio suite can be also used for all body part diagnosis.
Along with imaging, the handheld/homecare products application is predicted to grow at a rapid pace in the projected timeframe. This segment will grow at the fastest rate owing to the trend of medical devices miniaturization. Handheld thermometers, glucometers, oximeters, and ultrasounds are gaining popularity in the homecare industry. The safe, inexpensive, and patient-friendly nature of these handheld products is contributing to its rising popularity. Moreover, the chronic nature of diseases and the high costs of hospitals makes these devices a better option for the elderly population. Also, the cost-effective nature of homecare products makes them feasible for patients in developing countries.
Regional Takeaway
Geographically, the global industry is divided into North America, Europe, Asia Pacific, LATAM, and MEA. North America ruled the market in 2018 and is projected to undergo its dominance throughout the forecast period. This dominance is majorly due to continuous innovations and the rapid pace of technology replacement. Also, the profit margin for electronics is greater as compared to other end-use industries in this region.
On the other hand, the Europe region is anticipated to be the second-fastest-growing region in the global industry. Also, Asia Pacific medical electronics market will create huge growth opportunities for the market players owing to the growing population and rising awareness about wellness amongst people in this region. For instance, Siemens targeted China, which is a developing economy in September 2015. In this developing economy, Siemens started companies namely another developing economy, China, where it started the companies Siemens Shenzhen Magnetic Resonance Ltd. and Siemens X-Ray Vacuum Technology Ltd. to capture the market.
Key Vendor Takeaway
Some of the prominent players of the global industry include Philips healthcare McKesson Corporation; FUJIFILM Medical Systems; Vucomp; Toshiba Medical Systems Corporation; Hitachi High Technologies Corporation Hologic, Inc.; iCAD, Inc., Siemens Healthcare; and EDDA Technology, Inc.
These players are adopting several strategies such as product development, mergers & acquisitions, partnerships, and collaborations to hold a strong position in the global industry. For instance, in July 2016, Linear Technology was acquired by Analog Devices acquired $14.8 billion. This acquisition gave Analog Devices access to the chipmaker technology.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
- Philips Healthcare
- McKesson Corporation
- FUJIFILM Medical Systems
- Vucomp
- Toshiba Medical Systems Corporation
- Hitachi High Technologies Corporation
- Hologic, Inc.
- iCAD, Inc.
- Siemens Healthcare
- EDDA Technology, Inc.
MARKET BY APPLICATION
- Therapeutics
- Imaging
- Handheld/Homecare Products
- Patient Monitoring
MARKET BY COMPONENT
- Memory Devices
- Displays
- Sensors
- Batteries
- Microcontrollers Microprocessors
MARKET BY PRODUCT TYPE
- Invasive
- Non-invasive
MARKET BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. MEDICAL ELECTRONICS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Application
2.1.2. Market Snippet by Component
2.1.3. Market Snippet by Product Type
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. MEDICAL ELECTRONICS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. MEDICAL ELECTRONICS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. MEDICAL ELECTRONICS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. MEDICAL ELECTRONICS MARKET – BY APPLICATION
6.1. Overview
6.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
6.2. Therapeutics
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Imaging
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Handheld/Homecare Products
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.5. Patient Monitoring
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. MEDICAL ELECTRONICS MARKET – BY COMPONENT
7.1. Overview
7.1.1. Segment Share Analysis, By Component, 2019 & 2026 (%)
7.2. Memory Devices
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Displays
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Sensors
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.5. Batteries
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.6. Microcontrollers Microprocessors
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. MEDICAL ELECTRONICS MARKET – BY PRODUCT TYPE
8.1. Overview
8.1.1. Segment Share Analysis, By Product Type, 2019 & 2026 (%)
8.2. Invasive
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Non-invasive
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. MEDICAL ELECTRONICS MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.2.4. North America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.2.5. North America Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
9.2.6. North America Market Size and Forecast, By Product Type, 2015 – 2026 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
9.3.6. Europe Market Size and Forecast, By Product Type, 2015 – 2026 (US$ Million)
9.3.7. Germany
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.8. Italy
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.9. United Kingdom
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.10. France
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.3.11. Rest of Europe
9.3.11.1. Overview
9.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By Product Type, 2015 – 2026 (US$ Million)
9.4.7. India
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.8. China
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.9. Japan
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.10. South Korea
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.4.11. Rest of APAC
9.4.11.1. Overview
9.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
9.5.6. Latin America Market Size and Forecast, By Product Type, 2015 – 2026 (US$ Million)
9.5.7. Brazil
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5.8. Mexico
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5.9. Argentina
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.5.10. Rest of LATAM
9.5.10.1. Overview
9.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
9.6.6. Middle East and Africa Market Size and Forecast, By Product Type, 2015 – 2026 (US$ Million)
9.6.7. Saudi Arabia
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9.6.8. United Arab Emirates
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Philips Healthcare
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Vucomp
10.3. Toshiba Medical Systems Corporation
10.4. Hitachi High Technologies Corporation
10.5. Hologic, Inc.
10.6. EDDA technology, Inc.
10.7. McKesson Corporation
10.8. FUJIFILM Medical Systems
10.9. Siemens Healthcare
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Medical Electronics market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Medical Electronics market, by Application 2015-2026 (USD Million)
TABLE Medical Electronics market: Component Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Component
TABLE Global Medical Electronics market, by Component 2015-2026 (USD Million)
TABLE Medical Electronics market: Product Type Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Product Type
TABLE Global Medical Electronics market, by Product Type 2015-2026 (USD Million)
TABLE Medical Electronics market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Medical Electronics market, by Region 2015-2026 (USD Million)
TABLE North America Medical Electronics market, by Country, 2015-2026 (USD Million)
TABLE North America Medical Electronics market, by Application, 2015-2026 (USD Million)
TABLE North America Medical Electronics market, by Component, 2015-2026 (USD Million)
TABLE North America Medical Electronics market, by Product Type, 2015-2026 (USD Million)
TABLE Europe Medical Electronics market, by Country, 2015-2026 (USD Million)
TABLE Europe Medical Electronics market, by Application, 2015-2026 (USD Million)
TABLE Europe Medical Electronics market, by Component, 2015-2026 (USD Million)
TABLE Europe Medical Electronics market, by Product Type, 2015-2026 (USD Million)
TABLE Asia Pacific Medical Electronics market, by Country, 2015-2026 (USD Million)
TABLE Asia Pacific Medical Electronics market, by Application, 2015-2026 (USD Million)
TABLE Asia Pacific Medical Electronics market, by Component, 2015-2026 (USD Million)
TABLE Asia Pacific Medical Electronics market, by Product Type, 2015-2026 (USD Million)
TABLE Latin America Medical Electronics market, by Country, 2015-2026 (USD Million)
TABLE Latin America Medical Electronics market, by Application, 2015-2026 (USD Million)
TABLE Latin America Medical Electronics market, by Component, 2015-2026 (USD Million)
TABLE Latin America Medical Electronics market, by Product Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Medical Electronics market, by Country, 2015-2026 (USD Million)
TABLE Middle East and Africa Medical Electronics market, by Component, 2015-2026 (USD Million)
TABLE Middle East and Africa Medical Electronics market, by Product Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Medical Electronics market, by Application, 2015-2026 (USD Million)
List of Figures
FIGURE Medical Electronics market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Application segment market share analysis, 2019 & 2026
FIGURE Application segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Therapeutics market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Imaging market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Handheld/Homecare Products market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Patient Monitoring market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Component segment market share analysis, 2019 & 2026
FIGURE Component segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Memory Devices market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Displays market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Sensors market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Batteries market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Microcontrollers Microprocessors market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Product Type segment market share analysis, 2019 & 2026
FIGURE Product Type segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Invasive market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Non-invasive market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Medical Electronics market share and leading players, 2018
FIGURE Europe Medical Electronics market share and leading players, 2018
FIGURE Asia Pacific Medical Electronics market share and leading players, 2018
FIGURE Latin America Medical Electronics market share and leading players, 2018
FIGURE Middle East and Africa Medical Electronics market share and leading players, 2018
FIGURE North America Medical Electronics market share analysis by Country, 2018
FIGURE U.S. Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Medical Electronics market share analysis by Country, 2018
FIGURE Germany Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Medical Electronics market share analysis by Country, 2018
FIGURE India Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Medical Electronics market share analysis by Country, 2018
FIGURE Brazil Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Medical Electronics market share analysis by Country, 2018
FIGURE Saudi Arabia Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Medical Electronics market size, forecast and trend analysis, 2015 to 2026 (USD Million)
