医療用電子機器の世界市場：用途別 (治療装置、イメージング、携帯型／家庭用機器、患者モニタリング)・地域別 - 市場動向と将来予測 (2020～2026年) (Covid-19発生後の改訂版)
Medical Electronics Market (COVID-19 Updated), By Application (Therapeutics, Imaging, Handheld/Homecare Products, and Patient Monitoring), and By Geography - Trends, & Forecast Analysis From 2020 - 2026
|医療用電子機器の世界市場：用途別 (治療装置、イメージング、携帯型／家庭用機器、患者モニタリング)・地域別 - 市場動向と将来予測 (2020～2026年) (Covid-19発生後の改訂版)|
発行: AnalystView Market Insights
ページ情報: 英文 195 Pages
The medical electronics market was valued at USD 146.8 billion by 2019, growing with 8.51% CAGR during the forecast period, 2020-2026
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.
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.
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
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
FUJIFILM Medical Systems
Toshiba Medical Systems Corporation
Hitachi High Technologies Corporation
EDDA Technology, Inc.
MARKET BY APPLICATION
MARKET BY COMPONENT
MARKET BY PRODUCT TYPE
MARKET BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA