HOME › Research Insight › Market Leadership - Medical Electronics Market
Market Leadership - Medical Electronics Market
The medical electronics market is estimated to reach USD 4.41 Billion by 2022, at a CAGR of 5.4% between 2016 and 2022. The medical electronics market is propelled by rising ageing population and growing lifestyle diseases; rising demand for personalized, easy to use, and advanced healthcare devices; and increasing adoption of wearable electronics. Also, emerging markets offer significant growth opportunities for the global medical electronics market.
GE Healthcare (U.S.) is a leading company in the medical electronics market and held the first rank in 2015. The company has a huge product portfolio, serving medical industry, right from patient monitoring to medical research. The company is using an aggressive policy of expansion by acquiring companies and launching extensive products. It collaborated with few non-profit organizations to focus on the innovation of new products for providing better access to healthcare applications. The company is working on introducing new medical electronics technologies in the market to fulfil the future needs of its customers.
Texas Instruments (U.S.) is one of the leading players in the medical electronics market. The company has a wide product portfolio catering to the medical electronics market. Texas Instruments is focused on having strong product portfolio offering which would result in high growth of sales in the future. Diversified geographical regions and a wide product portfolio have opened many opportunities to leverage technology, products, and manufacturing base for the company. Presently, the company sells its products in over 100 countries.
STMicroelectronics is one of the major players in the medical electronics market. The company focuses on strengthening the relationship with OEMs, system integrators and distribution partners and becoming a supplier to overcome the sales volatility in challenging markets. They focus more on the mergers and acquisitions, along with the product innovations in the market.
The key players in the medical electronics market are Philips Healthcare (Netherlands), Siemens Healthcare (Germany),Medtronic Plc. (Ireland), Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), GE Healthcare, Inc. (U.S),and Texas Instruments (U.S).
Medical Electronics Market by Component (Sensor, Battery, Memory Device, Display, and Microcontrollers), Application (Diagnosis and Monitoring), Product (Invasive, and Non Invasive), and by Geography - Global Forecast to 2022
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India