Medical Electronics Market – Global Forecast to 2029
The global medical electronics market is expected to be valued at USD 11.1 billion in 2024 and is projected to reach USD 15.7 billion by 2029; it is expected to grow at a CAGR of 7.2% from 2024 to 2029.
世界の医療エレクトロニクス市場は、2024 年に 111 億米ドルと評価され、2029 年までに 157 億米ドルに達すると予測されています。 2024 年から 2029 年にかけて 7.2% の CAGR で成長すると予想されています。
Significant increases in healthcare expenditures across the globe are boosting the economic growth of the medical electronics market. The rising investment in advanced medical technologies and equipment for improving patient monitoring and diagnosis techniques propels the demand for medical devices. Due to the growth in the development of medical devices, there is a surge in the need for electronic components such as sensors, batteries, and integrated circuits, among others.
Key Benefits of Buying the Report
Analysis of key drivers (Global rise in elderly population, Increasing healthcare expenditure, Emergence of IoT-enabled medical devices, Growing popularity of portable and wearable medical electronics), restraints (Low internet penetration in developing countries, High development costs associated with medical electronics), opportunities (Proliferation of smart medical devices with advanced sensors, Growing investments in healthcare sector in developing countries, Integration of robots into surgical procedures, Increasing popularity of telemedicine), and challenges (Regulatory barriers due to multi-layered laws, Susceptibility to hacking and cyber threats) influencing the growth of the medical electronics market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the medical electronics market
• Market Development: Comprehensive information about lucrative markets – the report analyses the medical electronics market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the medical electronics market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Analog Devices, Inc. (US), TE Connectivity (Switzerland), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), and NXP Semiconductors (Netherlands) among others in the medical electronics market.