global medical electronics market size, share, trend and forecast 2026 | techsci research
DESCRIPTION
According to #TechSci Research report, Global Medical Electronics Market stood at USD 71.93 billion in 2020 & is projected to grow at a steady rate of around 7.17% & reach USD 94.86 billion by 2026. Gain more Insight: https://bit.ly/38qtXTP Website: https://www.techsciresearch.com/ Market Research News: https://techsciblog.com/TRANSCRIPT
MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com
2016 – 2026GLOBAL MEDICAL ELECTRONICS MARKETFORECAST & OPPORTUNITIES
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Scope of ReportProduct of Interest (POI): Medical Electronics
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year RangeEND USER
PRODUCT TYPE
• Therapeutic• Pacemaker• Implantable Cardioverter-
Defibrillators• Implantable Loop Recorders• Spinal cord stimulators• Surgical Robots• Respiratory Care Devices• Others
• Diagnostics• Patient Monitoring Devices• PET/CT Devices• MRI Scanners• Ultrasound Devices• X-rays Devices• CT Scanners• Others
• Hospital• Ambulatory surgical centers• Clinics• Others
Medical electronics refers to those electrical equipment and devices which are used for medical purposes such as examination, diagnosis, treatment and assistance. Rising healthcare awareness and technological advancements are expected to boost the growth of the medical electronics market. Moreover, rising number of diseases and favorable regulatory policies for the expansion of medical electronics industry are positively affecting the growth of the medical electronics market.
Market Segmentation
REGION
• Asia Pacific• Europe• Middle East and Africa• South America• North America
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Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Medical Electronics Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
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 Company(2020)
5.2.4. By Region
5.3. Product Market Mapping
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S. No. Contents Page No.
6. Asia-Pacific Medical Electronics Market Outlook
6.1. Market Size & Forecast 6.1.1. By Value
6.2. Market Share & Forecast 6.2.1. By Product Type 6.2.2. By End User 6.2.3. By Country(China; India; Japan; South Korea; Australia)
6.3. Asia Pacific: Country Analysis 6.3.1. China Medical Electronics Market Outlook
6.3.1.1. Market Size & Forecast 6.3.1.1.1. By Value
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. India Medical Electronics Market Outlook
6.3.2.1. Market Size & Forecast 6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast 6.3.2.2.1. By Product Type 6.3.2.2.2. By End User
Table of Contents
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S. No. Contents Page No.
6.3.3. Japan Medical Electronics Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product Type
6.3.3.2.2. By End User
6.3.4. Australia Medical Electronics Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Product Type
6.3.4.2.2. By End User
6.3.5. South Korea Medical Electronics Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Product Type
6.3.5.2.2. By End User
Table of Contents
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S. No. Contents Page No.
7. Europe Medical Electronics Market Outlook
7.1. Market Size & Forecast7.1.1. By Value
7.2. Market Share & Forecast 7.2.1. By Product Type 7.2.2. By End User 7.2.3. By Country (France; Germany; United Kingdom; Italy; Spain)
7.3. Europe : Country Analysis 7.3.1. United Kingdom Medical Electronics Market Outlook
7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value
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. France Medical Electronics Market Outlook
7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Product Type 7.3.2.2.2. By End User
Table of Contents
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S. No. Contents Page No.
7.3.3. Spain Medical Electronics Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
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. Germany Medical Electronics Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
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
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By End User
Table of Contents
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S. No. Contents Page No.
8. North America Medical Electronics Market Outlook
8.1. Market Size & Forecast 8.1.1. By Value
8.2. Market Share & Forecast 8.2.1. By Product Type 8.2.2. By End User 8.2.3. By Country( United States; Canada; Mexico)
8.3. North America: Country Analysis 8.3.1. United States Medical Electronics Market Outlook
8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value
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. Canada Medical Electronics Market Outlook
8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Product Type 8.3.2.2.2. By End User
Table of Contents
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S. No. Contents Page No.
8.3.3. Mexico Medical Electronics Market Outlook
8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Product Type 8.3.3.2.2. By End User
9. Middle East & Africa Medical Electronics Market Outlook
9.1. Market Size & Forecast9.1.1. By Value
9.2. Market Share & Forecast 9.2.1. By Product Type 9.2.2. By End User 9.2.3. By Country (Saudi Arabia; UAE; South Africa; Iran)
9.3. Middle East & Africa: Country Analysis 9.3.1. Saudi Arabia Medical Electronics Market Outlook
9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Product Type 9.3.1.2.2. By End User
Table of Contents
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S. No. Contents Page No.
9.3.2. UAE Medical Electronics Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
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. South Africa Medical Electronics Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By End User
9.3.4. Iran Medical Electronics Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Product Type
9.3.4.2.2. By End User
Table of Contents
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S. No. Contents Page No.
10. South America Medical Electronics Market Outlook
10.1. Market Size & Forecast10.1.1. By Value
10.2. Market Share & Forecast 10.2.1. By Product Type 10.2.2. By End User 10.2.3. By Country(Brazil; Argentina; Colombia)
10.3. South America: Country Analysis 10.3.1. Brazil Medical Electronics Market Outlook
10.3.1.1. Market Size & Forecast 10.3.1.1.1. By Value
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. Argentina Medical Electronics Market Outlook
10.3.2.1. Market Size & Forecast 10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Product Type 10.3.2.2.2. By End User
Table of Contents
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S. No. Contents Page No.
10.3.3. Colombia Medical Electronics Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By End User
11. Impact of COVID-19 on Global Medical Electronics Market
12. Market Dynamics (This chapter assesses the major demand drivers and restraints.)
12.1. Drivers
12.2. Challenges
13.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)
14. Competitive Landscape
14.1. Competitive Outlook
14.2. Company Profiles
14.2.1. Company Details
14.2.2. Products & Services
14.2.3. Financials (As Reported)
14.2.4. Key Market Focus & Geographical Presence
Table of Contents
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S. No. Contents Page No.
14.2.5 Recent Developments
14.2.6. Key Management Personnel
15. Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)
16. About Us & Disclaimer
Table of Contents
RESEARCH METHODOLOGY
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Research Methodology
Identifying Key Opinion Leaders
Questionnaire Design In-depth Interviews
Data Collection
Developing list of respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the global medical
electronics market, overall market size and segmental
market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the global medical electronics market.
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights Business
Solution
Primary Research Desk Research Company Analysis
Recent Developments Market Changing
Aspects/Dynamics Government Policies Final Conclusion
Market Participants Key Strengths
LinkedIn TechSci Internal
Database
Factiva Hoovers
Paid Sources
Company Websites Company Annual
Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Secondary Research
Primary Research
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Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global medical electronics market. The team
has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing
geriatric population and speculated a positive growth during the next 5 years. The study includes market forecasting, which would
enable our clients to take better decisions while planning their strategy to achieve sustainability in global medical electronics
market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as medical electronics
companies, channel partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 medical electronics companies, 45 – 50 channel partners, 80 – 100 end users, and 15 –
20 Industry experts and other value chain stakeholders in global medical electronics market to obtain the overall market size from
2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was
averaged out, to arrive at the market size data from 2016-2020.
• Respondents were asked about the current and future market growth rates, market shares by product type, by end user, by each
region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue
shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated
across various segments were further triangulated from other stakeholders.
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Research Methodology
Methodology Followed for Calculation of Market Shares:
Market shares by product type, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various end use verticals of medical electronics. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global Medical Electronics market, techsci research used various forecast techniques such as:
Moving Average
Time Series Analysis
Regression Analysis
Econometric and Judgmental Analysis
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
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
World Bank
TechSci Research Proprietary Database & Knowledge
Repository
Company Annual Reports
Industry Magazines
Industry Reports
News Dailies
Credible Paid Databases
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Industry Brief
According to TechSci Research report, “Global Medical Electronics Market By Product Type (Therapeutic and Diagnostics), By End-User (Hospitals, Ambulatory Surgical Centers, Clinics & Others), By Region, Competition, Forecast & Opportunities, 2026”, global medical electronics market stood at USD71.93 billion in 2020 and is projected to grow at a steady rate of around 7.17% and reach USD94.86 during the forecast period on account of surging demand for easy to use, personalized and advanced healthcare devices. Moreover, rising adoption of advanced technologies for diagnosis and treatment backed by surging community healthcare centers is further propelling growth in global medical electronics market. Additionally, growing preference for minimally invasive surgical procedures is further expected to create lucrative opportunities for the market growth through 2026. However, high cost of therapeutic devices such as pacemakers and costs incurred with diagnostic procedures such as MRI, PET/SPECT and CT Scan can hamper the market growth through 2026.
Global medical electronics market can be segmented based on product type and end user. Among end users, hospitals acquired the market share of around 36.66% in 2020 and the segment is expected to continue its dominance during forecast period as well owing to increasing prevalence of diseases which have resulted in rising number of hospital admissions. Moreover, hospitals in the developing and developed economies are well equipped with highly efficient medical electronic devices, thereby contributing to the growth of hospital segment in global medical electronics market.
“North America dominates global medical electronics market owing to favorable reimbursement policies, advanced healthcare technology and supportive regulations by the governments of various economies in the region. However, Asia-Pacific is expected to grow at impressive CAGR during forecast period owing to surging cases of respiratory diseases and rising geriatric population in the region especially India and China is expected to spur the market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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Sample Data - Snapshot
2016 2020 2021E 2026F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
CAGR BY VALUEXX%
CAGR BY VALUEYY%
Global Medical Electronics Market Size, By Value, 2016–2026F (USD Million)
20162017201820192020
2021E2022F2023F2024F2025F2026F
50%50%50%50%50%50%50%50%50%50%50%
50%50%50%50%50%50%50%50%50%50%50%
Therapeutic Diagnostics Europe Medical Electronics Market Share, By Product Type, By Value, 2016–2026F
Germany Medical Electronics Market Share, By End user, By Value, 2016–2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%Others
Clinics
Ambulatory surgical centers
Hospital
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Report Ordering
Report Name: GLOBAL MEDICAL ELECTRONICS MARKET
FORECAST & OPPORTUNITIES2016 – 2026
To View Sample OR Purchase Report
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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