Global Medical Electronics Market (2022-2027) – Advances in Sensors and Digital Technologies Bring Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Global Medical Electronics Market (2022-2027) by Component, End-User Product, Medical Procedure, Medical Device Classification, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis report ResearchAndMarkets.com Offer.

The global medical electronics market is estimated at US$6.8 billion in 2022 and is projected to reach US$9.63 billion by 2027, growing at a CAGR of 7.2%.

Market dynamics are forces affecting the prices and behavior of stakeholders of the global Medical Electronics Market. These forces create price signals resulting from the changes in the supply and demand curves for a particular product or service. Market dynamics forces can be related to macroeconomic and microeconomic factors. There are other dynamic market forces than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics affect supply and demand curves, decision makers are trying to figure out the best way to deploy different financial tools to curb different strategies to accelerate growth and reduce risks.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool used to analyze and rank companies’ position based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation assessment, new product launches, investments, market share growth, etc.

Ansoff analysis

The report provides detailed Ansoff matrix analysis for the global Medical Electronics Market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to develop strategies for business growth. The matrix can be used to evaluate approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the global medical electronics market using the Ansoff matrix to identify the best approaches a company can take to improve its market position.

Based on the SWOT analysis performed on the industry and the industry players, the analyst has formed appropriate strategies for the market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global medical electronics market. The report provides in-depth qualitative analysis, verifiable data from authentic sources and forecasts on the market size. The forecasts are calculated using proven research methods.

  • The report was compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observations by well-known people in the industry.

  • The report provides in-depth market analysis using Porter’s 5 Forces model and Ansoff matrix. Additionally, the impact of Covid-19 on the market is also covered in the report.

  • The report also includes the regulatory scenario in the industry to help you make an informed decision. The report discusses major regulators and important rules and regulations imposed on this sector in different regions.

  • The report also includes the competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

market dynamics

driver

  • Increasing healthcare spending and ever-changing healthcare landscape

  • Increasing adoption of IoT-based smart medical devices

  • Escalating demand for wearable medical devices and wearable electronics

  • Increasing use of radiation therapy in the diagnosis and treatment of disease

  • Existing favorable health care reforms and government financial support for seniors

limitations

  • Designing compatible medical electronics and building a connected ecosystem

  • Rising maintenance and refurbishment costs for medical electronics

occasions

  • Untapped potential in developing countries

  • Advances in sensors and digital technologies

  • Positive growth prospects in the healthcare sector

  • IoT Leading way for remote connectivity

challenges

  • Strict regulatory processes and increased testing requirements for product approval

  • Cybersecurity risks from the proliferation of connected medical devices

market segmentations

The global medical electronics market is segmented on the basis of component, end-user product, medical procedure, medical device classification, application, and geography.

  • By component, the market is segmented into sensors, batteries, memory chips, displays, and microprocessors/microcontrollers.

  • By end-user products, the market is segmented into diagnostic imaging devices, patient monitoring devices, medical implantable devices, ventilators and RGM equipment, and other devices.

  • According to medical procedures, the market is segmented into non-invasive procedures, minimally invasive procedures, and invasive procedures.

  • The classification of medical devices divides the market into Class I, Class II and Class III.

  • By application, the market is segmented into Medical Imaging, Patient Monitoring, Clinical, Diagnostic & Therapeutic, Cardiology, Flow Measurement, and others.

  • Geographically, the market is divided into America, Europe, Middle East and Africa, and Asia-Pacific.

companies mentioned

  • 3M Healthcare

  • Analog Devices Inc

  • B.Braun Melsungen AG

  • Baxter International Inc

  • Becton, Dickinson and Company

  • Boston Scientific Corp

  • Cardinal Healthcare Cirtec Medical Corp (Cactus Semiconductor)

  • EDDA Technology Inc

  • Freescale Semiconductor Inc

  • FUJIFILM Medical Systems

  • GE Healthcare

  • Hitachi High Technologies Corp

  • Hologic Inc

  • iCAD Inc

  • Innovative sensors (Is Ag)

  • Maxim integrated

  • McKesson Corp

  • NXP Semiconductors NV

  • Philips Healthcare Pvt Ltd

  • Renesas Electronics Corp

  • Sensirion AG.

  • Siemens Healthcare

  • ST Microelectronics NV

  • Strings

  • TE connectivity

  • tekscan inc

  • Texas Instruments Inc

  • Toshiba Medical Systems Corp

  • Vucomp Inc

For more information about this report, visit https://www.researchandmarkets.com/r/fg60kq

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