Medical
Electronics Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014– 2020
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Report
Description
Report Description
Medical electronics is a branch of electronics that deals with design, implementation and use of
electrical devices and equipment for medical purposes such as research, examination, diagnosis,
treatment, assistance and care. Medical electronics utilizes field disciplines of both electronics
and biomedical. Portable biomedical electronic devices are essential to move medical products
from the hospital atmosphere to home, and to move medical examination from the laboratory
and offer one-touch access to users. These devices offer secure access and enable both patients
and doctors to stay in touch with each other remotely.
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Conventional medical devices have evolved over time, which is obvious with the advent of
handheld smart phone-sized ultrasound systems, digital stethoscopes and digital X-ray systems.
Small-sized medical devices are available for monitoring blood sugar levels, insulin, blood
pressure and blood coagulation levels at home, and can send periodical reports to a doctor in a
connected environment. Even consumer devices such as tooth brush shave become modernized
enough to send periodic information to dentists in a similar connected environment. The
potential benefits associated with this technology includes improved quality of healthcare,
increased output accuracy, remote health data availability, precise billing mechanism, easy to
update patient electronic records and increase in level of patient experience.
Report
Description
Report Description
On other hand, there are some negative aspects such as decrease in productivity of medical
professionals, lack of standard terminologies, significant learning difficulties and issues related
to violation of patient data security.Increase in income levels, higher standard of living, rising
health awareness rise in aging population in developed countries and development in health
facilities in developing countries are key factors driving the rapid growth of the medical
electronics market. High availability of electronic components such as microcontrollers, memory
devices, display technologies etc., has contributed major lyto the development of biomedical
devices and equipment. The acceptance of electronic medical devices is difficult for the users as
well as the doctors due to its high prices.
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The global medical electronics market is segmented on the basis of type, components,
application and geography. Medical electronic device types vary depending on size, from
handheld devices to heavy base devices, wearable gadgets to wireless connected devices, and
from RFID-based health tracking device to RADAR technology-based ultrasound machines. On
the basis of components, the market is segmented into sensor, battery, display, processors and
memory. On the basis of application, the market is segmented into imaging, health monitoring,
digital assistance, digital diagnostic, medical therapy, fitness and wellness and healthcare. On
the basis of geography, the market is segmented into North America, Latin America, Asia Pacific,
Japan, Western Europe, Eastern Europe and the Middle East & Africa.
Report
Description
Report Description
The advancements in medical electronics include dynamic power path management, remote
patient tracking, integrated analog front ends and tissue analysis of cancer cells. Some of the
innovative products still in the developmental stage, which are to be introduced in the future,
include needle-free diabetic care, robotic check ups and touch screen systems for treatment
rooms. The opportunity for handheld wireless monitoring devices is high.
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Siemens AG, Analog Devices, Angiotech Pharmaceuticals, Inc. (Canada), GE Healthcare (U.K.),
Maxim Integrated (U.S.), Texas Instruments Incorporated (U.S.), Fairchild Semiconductor
International, Inc., ON Semiconductor Corporation (U.S.), STMicroelectronics N.V. (Switzerland),
Free scale Semiconductor, Inc. (U.S.), Cypress Semiconductor Corporation, GE, and Biotronik
GMBH & CO.KG. (Germany) are some of top players in the medical electronics market. The key
strategies adopted by most of these players to maintain and enhance market shares include
mergers& acquisition, joint ventures, product launches and product enhancement. The medical
electronics market is expected to grow along with technological innovations and focus more on
accuracy, cost effectiveness and technological platform portability with other medical
equipment. With the rise in data security threats and legal claims from patients, more
technologically safe and data secured devices need to be deployed in the market to meet the
medical infrastructural needs of society.
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