Medical electronics market 2019 Demand, Size, Growth Research Report by 2025
Category: #business  By Rahul Varpe  Date: 2020-01-15
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Medical electronics market 2019 Demand, Size, Growth Research Report by 2025

Medical electronics market size is expected to witness 13% CAGR from 2019 to 2025. In what can only be construed as an innovation that may impact India medical electronics industry to quite an appreciable extent, Philips, a renowned brand across the electronics sector, has recently launched two new diagnostic instruments, namely, MobileDiagnost Opta and BV Vectra in India. The former, a digital X-ray system, has been designed to find extensive applications in intensive care units and operation theatres. BV Vectra, on the other hand, is a mobile C-arm system that is anticipated to be used in orthopedic surgeries. With the presence of three major electronic equipment manufacturers – Siemens, GR, and Philips, and their objective to manufacture the contemporary ‘Made-in-India’ medical devices, it is anticipated that India medical electronics market will experience a lucrative growth in the years ahead.

U.S. has been singled out as one of the most profitable growth avenues across North America medical electronics industry, subject to the large presence of major manufacturers in the region and the extensive deployment of advanced technology. The wide insurance coverage provided under the Affordable Care Act and the appreciable improvements in healthcare infrastructure facilities across the region are certain to provide a positive impetus to U.S. medical electronics market.

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Some of the firms partaking in medical electronics market share include Toshiba Corporation, Siemens, GE Healthcare, Medtronic Public Limited Company, and Phillips. Most companies have been reported to be adopting new strategies to expand their business scope, contributing extensively towards medical electronics market revenue.  Considering the developments that medical electronics industry is replete with, it comes as no surprise that medical electronics market is slated to hit a revenue margin of over USD 148 billion by 2024.

Recently in 2017, Mackenzie Health, a renowned healthcare service provider based in Canada, had collaborated with Epic systems corporation, a U.S. based software developing firm, to introduce a new end-to-end electronic medical record system in Canada. The innovative tool assists medical practitioners in the decision-making process and facilitates speedy access of medical health records, in addition to providing improved medication safety and minimizing error occurrences related to closed loop medication administration & bar code authentication. This medical system is the first of its kind launched across the country and is predicted to have a sizable impact on U.S. medical electronics industry, which apparently held more than 90% of the overall revenue share in 2016.

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The competitive landscape of medical electronics market has witnessed numerous M&As since the last few years. In fact, recently, Becton, Dickinson and Company, a leading player across medical technology industry, has declared the acquisition of Caesarea Medical Electronics, a key Israel based player across infusion pump systems industry.  The acquisition will help the former expand its infusion pumps product portfolio, thereby facilitating the firm to strengthen its position across medical electronics market.

Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Medical electronics industry 3600 synopsis, 2014 - 2025

2.1.1. Product trends

2.1.2. End-use trends

2.1.3. Regional trends

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Chapter 3. Medical Electronics Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Adopting convergence of technologies – Medical, IT and telecom

3.3.1.2. Increase in the push towards minimally invasive surgeries

3.3.1.3. Leasing of capital-intensive machines

3.3.1.4. Attractive policies for FDI

3.3.2. Industry pitfalls and challenges

3.3.2.1. Heightened regulatory scrutiny

3.3.2.2. New healthcare delivery models

3.4. Market entry analysis

3.4.1. U.S.

3.4.2. Europe

3.4.2.1. Germany

3.4.2.2. Italy

3.4.2.3. Russia

3.4.3. Asia Pacific

3.4.3.1. China

3.4.3.2. India

3.4.3.3. Japan

3.5. Growth potential analysis

3.5.1. By product

3.5.2. By end-use

3.6. Porter’s analysis

3.7. Competitive landscape, 2017

3.7.1. Strategy dashboard

3.8. PESTEL analysis

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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