The Global Medical Electronics market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.                                       

Global Medical Electronics Market Dynamics:

Rising Healthcare Expenditures to Influence the Growth - Many Countries across the globe such as US, Germany, France, Japan, etc., had high healthcare spending during the past few years. As per Centre for Disease Control and Prevention, the healthcare expenditure of the US reached approximately USD3,453 billion in 2019 from USD2,658 billion. Along with this, Germany has highest level of current healthcare expenditure among European Union (EU) Members valued at approximately USD493 billion in 2020, followed by France which healthcare expenditure of almost USD320 billion. Moreover, the growing investment in the healthcare industry by the countries such as the US, Germany, Japan, etc., has increased the number of medical facilities owing to which the demand for medical electronic has risen, which consequently is driving the demand for medical electronic components such as sensors, microcontrollers, and power supplies.

As healthcare expenditure is increasing, focus on improving patient outcomes is also surging and medical devices play a critical role in providing these solutions, and the demand for these devices is expected to increase in the coming years which subsequently would support the growth of the medical electronics component market.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Medical Electronics Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Component
  • Sensors,
    • Temperature Sensors,
    • Pressure Sensors,
    • Blood Glucose Sensors,
    • Blood Oxygen Sensors,
    • ECG Sensors,
    • Image Sensors,
    • Motion Sensors,
    • Heart rate Sensors,
    • Others (Position Sensors, Piezo Film Sensors, etc.),
  • Batteries,
    • Lithium-ion batteries,
    • Nickel-metal hydride batteries,
    • Zinc-carbon batteries,
    • Others (Nickel-cadmium batteries, Silver-zinc batteries, Alkaline batteries, etc.),
  • Memory Chips,
    • Flash Memory,
    • Synchronous dynamic random-access memory (SDRAM)
    • Ferroelectric RAM (FRAM)
    • Erasable programmable read-only memory (EPROM)
    • Electrically erasable programmable read-only memory (EEPROM)
    • Others (magnetic memory, optical memory, etc.)
  • Displays
    • TFT LCD Displays
    • OLED Displays
    • LED Displays
  • Microprocessors/Microcontrollers
    • Microprocessor Units
    • Microcontrollers Units
    • Application-Specific Integrated Circuits
    • Field-Programmable Gate Arrays
• By End-User Product
  • Diagnostic Imaging Devices
    • MRI Scanners
    • X-Ray Scanners
    • CT Scanners
    • Ultrasound Scanners
    • Nuclear Imaging Systems
      • PET Scanners
      • SPECT Scanners
    • Endoscopy
  • Patient Monitoring Devices
    • Cardiac Monitors
      • ECG/EKG Monitors
      • Heart Rate Monitors
      • Doppler Fetal Monitors
      • Multipara Monitors
      • Digital Thermometers
    • Respiratory Monitors
      • Pulse Oximeters
      • Continuous Positive Airway Pressure (CPAP) Devices
      • Sleep Apnea Monitors
      • Anesthesia Monitors
    • Hemodynamic Monitors
      • Blood Pressure Monitors
      • Blood Glucose Monitors
      • Blood Gas Monitors
  • Medical Implantable Devices
    • Pacemakers
    • Spinal Cord Stimulators
    • Gastric Electric Stimulators
    • Implantable Loop Recorders
  • Ventilators and RGM Equipment
  • Other Devices (Patient Position Monitor, Coagulation monitors, etc.)
• By Medical Device Classification
  • Class I
  • Class II
  • Class III
• By Region
  • North America
  • South America
  • Europe
  • The Middle East and Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Analog Devices, Infineon Technologies AG, STMicroelectronics, NXP Semiconductors, Texas Instruments Inc., ON Semiconductor Corporation, Microchip Technology, Japan Semiconductor Corporation AMS, Renesas Electronics Corporation, Others

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