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Medical Electronics Market to depict a notable upsurge| $169 Bn by 2025

Author : Rahul Sankrityayan | Published Date : 2019-04-18 

Global Medical Electronics Market is set to exceed USD 169 billion by 2025; according to a new research report by Global Market Insights. Technological advancements in medical electronic devices will trigger the industry growth over forthcoming years. Key industry players constantly focus on integrating advanced technology within the devices that enables accurate and efficient diagnosis as well as treatment. Also, government in emerging economies implement several decisions such as price reduction of medical electronic devices. Such decisions positively impacts the demand for medical electronic devices by resolving the affordability issues. However, stringent regulatory scenario and trade policies associated with medical electronic devices will hamper the industry growth to some extent.

Growing preference for minimally invasive surgeries will foster medical electronics market growth during the analysis period. Adoption of medical electronic devices such as patient monitors and other diagnostic devices is specifically high in minimally invasive surgeries. Minimally invasive surgeries are safe, patient-friendly and cost-effective. As a result, these techniques are being adopted across various healthcare fortes that have positively impacted the demand for medical electronic devices. Moreover, regulations implied on the manufacturers of the medical electronic devices ensure superior quality of technologically upgraded medical devices that further raises its adoption in surgical procedures escalating the industry growth in foreseeable future.

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Respiratory care devices segment was valued over USD 6 billion in 2018 and is expected to have considerable revenue size during the forecast timeframe. Growth can be attributed to the increasing prevalence of respiratory diseases such as COPD and asthma. According to Global Asthma Network, asthma kills around 1000 people everyday globally that surges the demand for respiratory care devices thereby propelling segmental growth in foreseeable future.

Clinics segment will experience 13.2% growth during the forecast timeframe. Considerable segmental growth will be as a result of high adoption rate for medical electronic equipment due to the advent of innovative and cost-effective devices. For instance, ultrasound equipment typically designed for hospitals are now being deployed at clinics. The portable ultrasound machine cost less than full sized equipment. Cost containment pressure from regulatory authorities is driving innovation aimed at introducing cost effective devices with improved performance that will boost the segment growth.

Recently in 2017, Mackenzie Health, a renowned healthcare service provider based in Canada, had collaborated with Epic systems corporation, a U.S. based software developing firm, to introduce a new end-to-end electronic medical record system in Canada. The innovative tool assists medical practitioners in the decision-making process and facilitates speedy access of medical health records, in addition to providing improved medication safety and minimizing error occurrences related to closed loop medication administration & bar code authentication. This medical system is the first of its kind launched across the country and is predicted to have a sizable impact on U.S. medical electronics market, which apparently held more than 90% of the overall revenue share in 2016.

The competitive landscape of medical electronics market has witnessed numerous M&As since the last few years. In fact, recently, Becton, Dickinson and Company, a leading player across medical technology industry, has declared the acquisition of Caesarea Medical Electronics, a key Israel based player across infusion pump systems industry. The acquisition will help the former expand its infusion pumps product portfolio, thereby facilitating the firm to strengthen its position across medical electronics market.

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Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Medical electronics industry 3600 synopsis, 2014 - 2025

2.1.1. Product trends

2.1.2. End-use trends

2.1.3. Regional trends

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Chapter 3. Medical Electronics Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Adopting convergence of technologies – Medical, IT and telecom

3.3.1.2. Increase in the push towards minimally invasive surgeries

3.3.1.3. Leasing of capital-intensive machines

3.3.1.4. Attractive policies for FDI

3.3.2. Industry pitfalls and challenges

3.3.2.1. Heightened regulatory scrutiny

3.3.2.2. New healthcare delivery models

Related Report: Healthcare Assistive Robot Market By Product, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024

KNow more @ https://www.marketwatch.com/press-release/12-bn-by-2024-healthcare-assistive-robot-market-to-depict-a-notable-upsurge-2019-04-18

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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