Medical Electronics Market size worth $ 8.45 Billion, Globally, by 2028 at 6.55% CAGR: Verified Market Research®

Jersey City, New JerseyAnd Jan 31 2022 /PRNewswire/ – Confirmed Market Research recently published a report, “medical electronics market“By Medical Device (MRI System, X-ray System, PET Tomography System), By Application (Treatment Devices, Ventilator, Dialysis Machine, ECMO, Monitoring Devices), and By Geography. According to Verified Market Research Of them, the global medical electronics market has been assessed by volume 5.95 billion US dollars In 2020 is expected to reach 8.45 billion US dollars By 2028, at a compound annual growth rate of 6.55% from 2021 to 2028.

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Overview of the global medical electronics market

Health care spending is directly related to an aging population, an increase in per capita disposable income, and an improvement in the quality of life. Medical spending per person in the 60+ age group is much greater than in the 15-30 age group. The number of elderly people in the world is increasing at an unprecedented rate, resulting in longer life expectancy but with a large number of comorbidities. Increases in public spending on healthcare are expected to improve access to medical devices and encourage producers of medical electronics to invest in research, development and innovation.

Moreover, the demand for improved healthcare solutions has been a major factor in the global expansion of the market. The increasing importance of medical electronics, particularly inpatient care and monitoring, has further enhanced its market potential. The market grew as the population grew and people became more aware of the importance of wellness. The use of IoT-based smart medical devices has increased due to an aging population and rising life expectancy worldwide, which has led to an increased demand for portable medical devices and wearable electronics for convenient access to data. Expansion of the use of radiotherapy in disease detection and treatment, as well as current reforms and government financial assistance for the elderly, are contributing to the global growth of the medical electronics market. However, the fact that healthcare infrastructure around the world is growing and improving, pricing and access restrictions keeps medical devices out of the hands of the vast majority of the population. To address the problem of low access and affordability, health care funding must be increased.

Moreover, advances in sensing and digital technology open up new opportunities for improving patient care platforms and development efficiencies. Technological developments may pose a potential threat to competitors. In the coming years, the medical electronics industry is expected to rise due to the proliferation of smart medical devices with powerful processing and communication technologies.


  • in a August 2021: The previously announced acquisition of Maxim Integrated Products, Inc. has been completed. by Analog Devices, Inc. (NASDAQ: ADI) (NASDAQ: MXIM). On a pro forma basis, the merger solidified ADI’s position as a high-performance analog semiconductor company, with revenue over twelve months in arrears. 9 dollars 1 billion, industry-leading margins, and free cash flow over 3 billion dollars.
  • June 2021: Texas Instruments Incorporated (NASDAQ:TXN) announced that it has signed an agreement to acquire Micron Technology’s 300mm semiconductor (or “fab”) plant in Leahy, Utah, to $900 million.

The main players

The major players in the market are Analog Devices, Texas Instruments Incorporated, Medtronic, STMicroelectronics, Mouser Electronics Inc, Cypress Semiconductor Corporation, Semiconductor Components Industries LLC, Digi-Key Electronics, Tekscan Inc and First Sensor AG.

Verified market research has segmented the global medical electronics market on the basis of medical device, application, and geography.

  • Medical electronics market, by medical devices
    • Human Machine Interface (HMI)
    • MRI system
    • X-ray system
    • Positron emission tomography system
    • Medical device delivery
    • Aharon
  • Medical Electronics Market, by Application
    • therapy devices
    • Ventilator
    • dialysis machine
    • ECMO
    • Monitoring devices
    • Blood Pressure Monitor
    • Aharon
  • Medical electronics market by geography
    • North America
    • Europe
      • Germany
      • France
      • United kingdom
      • rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • rest of Asia Pacific
    • Row
      • Middle east & Africa
      • Latin america

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Top 7 medical device companies, investing in high-quality care internationally

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