PUNE, India, September 29, 2016 /PRNewswire/ --
The report "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", published by MarketsandMarkets, the market, in terms of value, is estimated to grow at a CAGR of 5.4% between 2016 and 2022. The market for medical electronics is expected to reach USD 4.41 Billion by 2022.
Browse 99 market data Tables and 103 Figures spread through 210 Pages and in-depth TOC on "Medical Electronics".
Early buyers will receive 10% customization on this report.
The factors driving the medical electronics market are rising ageing population and growing lifestyle diseases; rising demand for personalized, easy to use, and advanced healthcare devices; and increasing adoption of wearable electronics.
Non-invasive product market is expected to hold the largest share of the medical electronics market by 2022
The market for non-invasive products accounted for the largest share in 2015. It is expected to grow at a high CAGR between 2016 and 2022. The players of the medical electronics market are concentrating on manufacturing portable ECG devices which can be used at home by cardiac patients. ECG devices are used for cardiac treatment, and various products are being designed to provide the ease of usage to patients.
APAC expected to grow at the highest CAGR during forecast period
The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The increasing population with respiratory diseases such as sleep apnea and the aging population are the major drivers for the medical electronics market in APAC region. The medical electronics market in APAC is set to grow because of technological advancements and increased awareness amongst population. The APAC is the fastest-growing region in terms of technological advancement, healthcare infrastructure, and so on.
Free PDF Brochure Download: http://www.marketsandmarkets.com/pdfdownload.asp?id=104528355
The report also profiles the most promising players in the medical electronics 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).
Browse Related Reports
Medical Sensors Market by Sensor Type (Temperature, ECG, Image, Motion, & Pressure), Placement (Strip, Wearable, Implantable, & Ingestible), Application (Diagnostics, Monitoring, Therapeutics, & Imaging), & Geography - Global Forecast to 2022
Biosensors Market by Application (Point of Care, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food Industry), Product (Wearable, Non-Wearable), Technology (Electrochemical, Piezoelectric, Optical) & Geography - Analysis & Forecast to 2020
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets