Product Code: 3896
Title:
Global Medical Electronics Market By Product Type (Therapeutic and Diagnostics), By End-user (Hospital, Ambulatory Surgical Center, Clinic & Others), By Region (North America, Europe, Asia-Pacific & Others), Competition, Forecast & Opportunities, 2026.
Global medical electronics market stood at USD 71.93 billion in 2020 and is projected to grow at a steady rate of around 7.17% and reach USD 94.86 billion during the forecast period. This can be ascribed to the growing prevalence of chronic diseases such as cardiovascular diseases, diabetes, neurological disorders, respiratory disorders, among others. Additionally, the sudden outbreak and spread of pandemic COVID-19 has drastically increased the demand for various diagnostic procedures such as X-Ray and CT Scan thereby positively influencing the market growth through 2026. Furthermore, technological advancements and new product launches by major players operating in the market is expected to create lucrative opportunities for the market growth over the next few years.
Global medical electronics market is segmented based on product type and end-user. Based on the product type, the market can be bifurcated into diagnostics and therapeutics. Diagnostics product type includes patient monitoring devices, PET/CT devices, MRI scanners, ultrasound devices, X-ray devices, CT Scanners and others. The diagnostics segment acquires a market share of around 57.22% owing to increasing awareness regarding benefits of early diagnosis. While the therapeutic segment is anticipated to witness significant growth in the forecast period on account of increasing prevalence of cardiovascular and neurological diseases. This has in turn increased the demand for various devices including pacemakers, defibrillators, spinal cord stimulators, among others.
Regionally, the market for medical electronics is gaining traction and expanding to various regions including, North America, Europe, Asia-Pacific, South America and Middle East & Africa. North America is leading global medical electronics market owing to improved healthcare infrastructure and surging demand for medical electronics in the region.
The major players operating in global medical electronics market include Siemens Healthineers AG, Koninklijke Philips NV, Boston Scientific Corporation, Medtronic Plc., GE Healthcare Inc., Canon Inc., Johnson & Johnson, ZOLL Medical Corporation, MicroPort Scientific Corporation, Integer Holdings Corporation, among others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022- 2026
Objective of the Study:
- To analyze the historical growth in market size of global medical electronics market from 2016-2020.
- To classify and forecast global medical electronics market size based on product type, end-user and regional distribution, from 2021-2026.
- To identify drivers and challenges for global medical electronics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global medical electronics market.
- To conduct pricing analysis for global medical electronics market.
- To identify and analyze the profile of leading players operating in the global medical electronics market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global medical electronics market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Original device manufacturers (ODMs)
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to medical electronics
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global medical electronics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Diagnostics
- Patient Monitoring Devices
- PET/CT Devices
- MRI Scanners
- Ultrasound Devices
- X-rays Devices
- CT Scanners
- Others
Therapeutics
- Pacemaker
- Implantable Cardioverter-Defibrillators
- Implantable Loop Recorders
- Spinal Cord Stimulators
- Surgical Robots
- Respiratory Care Devices
- Others
- Market, By End-User:
Hospital
Ambulatory surgical centers
Clinics
Others
North America
- United States
- Canada
- Mexico
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Iran
Competitive Landscape:
Company Profiles: Detailed analysis of the major companies present in global medical electronics market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company's specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Medical Electronics Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type (Therapeutic & Diagnostics)
- 5.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
- 5.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
- 5.2.2. By End-user (Hospital, Ambulatory Surgical Centers, Clinics and Others)
- 5.2.3. By Region
- 5.2.4. By Company
- 5.3. Product Market Map
6. North America Medical Electronics Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type (Therapeutic & Diagnostics)
- 6.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
- 6.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
- 6.2.2. By End User
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Medical Electronics Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Product Type
- 6.3.1.2.2. By End User
- 6.3.2. Canada Medical Electronics Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Product Type
- 6.3.2.2.2. By End User
- 6.3.3. Mexico Medical Electronics Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Product Type
- 6.3.3.2.2. By End User
7. Europe Medical Electronics Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type (Therapeutic & Diagnostics)
- 7.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
- 7.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
- 7.2.2. By End User
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Medical Electronics Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Product Type
- 7.3.1.2.2. By End User
- 7.3.2. United Kingdom Medical Electronics Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Product Type
- 7.3.2.2.2. By End User
- 7.3.3. France Medical Electronics Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Product Type
- 7.3.3.2.2. By End User
- 7.3.4. Spain Medical Electronics Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Product Type
- 7.3.4.2.2. By End User
- 7.3.5. Italy Medical Electronics Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Product Type
- 7.3.5.2.2. By End User
8. Asia-Pacific Medical Electronics Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type (Therapeutic & Diagnostics)
- 8.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
- 8.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
- 8.2.2. By End User
- 8.2.3. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Medical Electronics Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Product Type
- 8.3.1.2.2. By End User
- 8.3.2. Japan Medical Electronics Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Product Type
- 8.3.2.2.2. By End User
- 8.3.3. India Medical Electronics Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Product Type
- 8.3.3.2.2. By End User
- 8.3.4. Australia Medical Electronics Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Product Type
- 8.3.4.2.2. By End User
- 8.3.5. South Korea Medical Electronics Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Product Type
- 8.3.5.2.2. By End User
9. South America Medical Electronics Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type (Therapeutic & Diagnostics)
- 9.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
- 9.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
- 9.2.2. By End User
- 9.2.3. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Medical Electronics Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Product Type
- 9.3.1.2.2. By End User
- 9.3.2. Argentina Medical Electronics Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Product Type
- 9.3.2.2.2. By End User
- 9.3.3. Colombia Medical Electronics Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Product Type
- 9.3.3.2.2. By End User
10. MEA Medical Electronics Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type (Therapeutic & Diagnostics)
- 10.2.1.1. Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators, Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots, Respiratory Care Devices, Others)
- 10.2.1.2. Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners, Ultrasound Devices, X-rays Devices, CT Scanners, Others)
- 10.2.2. By End User
- 10.2.3. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. Saudi Arabia Medical Electronics Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Product Type
- 10.3.1.2.2. By End User
- 10.3.2. UAE Medical Electronics Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Product Type
- 10.3.2.2.2. By End User
- 10.3.3. South Africa Medical Electronics Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Product Type
- 10.3.3.2.2. By End User
- 10.3.4. Iran Medical Electronics Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Product Type
- 10.3.4.2.2. By End User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
- 13.1. Siemens Healthineers AG
- 13.2. Koninklijke Philips NV
- 13.3. Boston Scientific Corporation
- 13.4. Medtronic Plc.
- 13.5. GE Healthcare Inc.
- 13.6. Canon Inc.
- 13.7. Johnson & Johnson
- 13.8. ZOLL Medical Corporation
- 13.9. MicroPort Scientific Corporation
- 13.10. Integer Holdings Corporation
14. Strategic Recommendations
15. About us & Disclaimer
(Note: The companies list can be customized based on the client requirements.)