Medical Electronics Market worth $56.50 Billion by 2020, According to a New Study on ASDReports

Thursday 9 October 2014, Amsterdam

According to a new market research report, now available on ASDReports, "Medical Electronics Market by Component (Sensor, Battery, Memory Device, Display, & Microprocessor/MCU), by Application (Imaging, Medical Therapeutics, Diagnosis, Monitoring, and Fitness & Wellness), and by Geography - Global Forecast to 2020",the total value of medical electronics market is expected to reach $56.50 Billion by 2020, growing at a CAGR of 5.5% from 2014 to 2020.

With a gradual increase in urbanization and healthcare facilities, the need for medical electronics is also expected to grow proportionately to be able to support this growth. Developing countries such as India and China are fueling the growth of the medical sector; hence, the medical electronics market is boosting the overall healthcare sector.

The medical electronics market is expected to benefit from emerging market investments that are lifting the standards of healthcare, while the developed markets is expected to continue investing in more efficient medical electronic devices, systems and procedures, which offer better and personalized healthcare. An increase in lifestyle diseases continuously pushes patients for medical monitoring to get their health status to avoid any health related contingencies; medical devices such as cardiac monitors and hemodynamic monitors are continuously gaining market share in the medical monitoring applications.

The report’s detailed segmentation by component, application, and geography cover all the existing and emerging technologies in the medical electronics market. This market is segmented by components such as sensors, batteries, memory devices, displays, and microprocessors/microcontrollers. The report also covers all the major applications of the medical electronics market such as imaging, medical therapeutics, diagnosis, monitoring, and fitness and wellness with qualitative as well as quantitative industry insights.

One of the objectives of the report was to analyze the market trends for each of the medical electronics market segments and their respective growth rates. Apart from the market segmentation, the report also covers in depth analyses such as Porter’s five force analysis, supply chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the medical electronics market.

The market size for the medical electronics market is included in the report in four geographic splits, namely-North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is estimated to account for a major share in the medical electronics market, which is expected to befollowed by Europe and Asia-Pacific. Moreover, the Asia-Pacific market for medical electronics is expected to grow at a high rate.