Lucintel Forecasts Medical Electronics Market to Grow at a CAGR of 4%-6%

According to the recent study the medical electronics market is projected to grow at a CAGR of 4%-6% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for medical devices due to increasing healthcare expenditure, technological development, growing aging population, and chronic diseases.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in medical electronics market by product type (non-invasive and invasive), end use industry (hospitals, ambulatory surgical centers, and clinics), component (sensors, batteries, memory devices, displays, and microcontroller/microprocessors/(MCUs/MPUs)), application (imaging, therapeutics, patient monitoring, diagnostic radiology, and medical implants and endoscopy), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/medical-electronics-market.aspx

“Batteries market is expected to remain the largest segment during the forecast period.”  

Based on component, the medical electronics market is segmented into sensors, batteries, memory devices, displays, and microcontroller/microprocessors/(MCUs/MPUs). Lucintel forecasts that the batteries market is expected to remain the largest segment due to growing demand for high power portable medical devices, such as respiratory monitors, cardiac monitors, and implantable devices.

“Within the medical electronics market, the non-invasives egment is expected to remain the largest product type.”

Based on product type, the bakery products segment is expected to witness the largest ingredient segment over the forecast period due to increasing government subsidies, increasing demand for digital radiology, and adoption of IoT in medical devices.

“North America will dominate the medical electronics market in near future.”

North America is expected to be the largest region largest region during the forecast period due to rising healthcare expenditure and existence of advanced healthcare infrastructure.

Download Brochure of this report by clicking on https://www.lucintel.com/medical-electronics-market.aspx    

Major players of medical electronics market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Analog Devices, Texas Instrument, TE Connectivity, Medtronics Plc, ST Microelectronics, NXP Semiconductors, Maxim Integrated Products, ON Semiconductor, Renesas Electronics Corporation, Microchip Technology, GE Healthcare, Phillips, and Siemens are among the major medical electronics providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-electronics-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

Related reports

Semiconductor Market:

For more details click here https://www.lucintel.com/semiconductor-market.aspx

 

Fire Suppression Market:

For more details click here https://www.lucintel.com/fire-suppression-market.aspx

 

Mobile Health and Fitness Sensor Market:

For more details click here https://www.lucintel.com/mobile-health-and-fitness-sensor-market.aspx

 

High Purity Quartz Market:

For more details click here https://www.lucintel.com/high-purity-quartz-market.aspx

 

Bluetooth Low Energy IC Market:

For more details click here https://www.lucintel.com/bluetooth-low-energy-ic-market.aspx

 

Metal Terminal MLCC Market:

For more details click here https://www.lucintel.com/metal-terminal-mlcc-market.aspx

 

Building Information Modeling Market:

For more details click here https://www.lucintel.com/building-information-modeling-market.aspx

 

Energy Harvesting System Market:

For more details click here https://www.lucintel.com/energy-harvesting-system-market.aspx

 

Multilayer Ceramic Capacitor Market:

For more details click here https://www.lucintel.com/multilayer-ceramic-capacitor-market.aspx

 

Printed Circuit Board (PCB) Market:

For more details click here https://www.lucintel.com/pcb-markets.aspx