Medical Electronics Market worth $6.5 billion by 2024

Medical Electronics

 

The rapid growth of the medical electronics market can be attributed to the growing incidents of chronic diseases; increasing adoption of medical imaging, monitoring, and implantable devices; increase in health spending worldwide; and a growing population of the elderly. The growing demand for early diagnosis of diseases and the extension of the scope of clinical applications, technological advances in diagnostic imaging modalities and the increasing investments, funds, and grants of public-private organizations are some of the other factors that drive the growth of this market. .

Increased demand for high-power portable medical devices, such as heart screens, respiratory screens, circulatory monitors and implantable devices, is the main factor that accelerates battery growth in the medical electronics industry. Since most medical devices are computerized to improve diagnosis and monitoring, the number of battery-powered medical devices is growing rapidly. Unexpected failure or draining of the battery can cause the device to stop functioning properly, preventing it from delivering life-saving treatment. Therefore, there is great demand for safe and reliable batteries for medical devices.

Who are the Leading Key Company in the Global Medical Electronics market space?

Following are a list of players that are currently profiled in the report “Siemens, Analog Devices, Angiotech Pharmaceuticals, GE Healthcare, Maxim Integrated, Texas Instruments, Fairchild Semiconductor, ON Semiconductor Corporation, STMicroelectronics, Freescale Semiconductor, Cypress Semiconductor Corporation, Biotronik”

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. The industry players are expected to target developing economies such as India, China, and Southeast Asian countries to tap robust opportunities resulting from rapid growth of Medical Electronics sector.

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