Top Companies in the Medical Electronics Industry – Market Leaders: Analog Devices, Infineon Technologies AG

Executive Summery

This report presents a detailed overview of the Medical Electronics Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving Medical Electronics industry landscape.

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Medical Electronics Market Statistics and Key Highlights

The Global Medical Electronics market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28.

• Medical Electronics market shows steady growth
• Market size expanding due to rising industry demand
• Competitive landscape driven by tech and innovation
• Detailed segment-wise and geography wise share analysis
• Forecast reveals strong trends shaping future outlook

Key Player- Emerging Medical Electronics Companies

• Analog Devices
• Infineon Technologies AG
• STMicroelectronics
• NXP Semiconductors
• Texas Instruments Inc.
• ON Semiconductor Corporation
• Microchip Technology
• Japan Semiconductor Corporation
• AMS
• Renesas Electronics Corporation
• TE Connectivity
• TDK Corporation
• Vishay Intertechnology
• Sensirion AG
• Others

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Key Driver:

Rising Healthcare Expenditures to Influence the Growth - Many Countries across the globe such as US, Germany, France, Japan, etc., had high healthcare spending during the past few years. As per Centre for Disease Control and Prevention, the healthcare expenditure of the US reached approximately USD3,453 billion in 2019 from USD2,658 billion. Along with this, Germany has highest level of current healthcare expenditure among European Union (EU) Members valued at approximately USD493 billion in 2020, followed by France which healthcare expenditure of almost USD320 billion. Moreover, the growing investment in the healthcare industry by the countries such as the US, Germany, Japan, etc., has increased the number of medical facilities owing to which the demand for medical electronic has risen, which consequently is driving the demand for medical electronic components such as sensors, microcontrollers, and power supplies.

As healthcare expenditure is increasing, focus on improving patient outcomes is also surging and medical devices play a critical role in providing these solutions, and the demand for these devices is expected to increase in the coming years which subsequently would support the growth of the medical electronics component market.

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Medical Electronics Market Segmentation

By Component

• Sensors,
  • Temperature Sensors,
  • Pressure Sensors,
  • Blood Glucose Sensors,
  • Blood Oxygen Sensors,
  • ECG Sensors,
  • Image Sensors,
  • Motion Sensors,
  • Heart rate Sensors,
  • Others (Position Sensors, Piezo Film Sensors, etc.),
• Batteries,
  • Lithium-ion batteries,
  • Nickel-metal hydride batteries,
  • Zinc-carbon batteries,
  • Others (Nickel-cadmium batteries, Silver-zinc batteries, Alkaline batteries, etc.),
• Memory Chips,
  • Flash Memory,
  • Synchronous dynamic random-access memory (SDRAM)
  • Ferroelectric RAM (FRAM)
  • Erasable programmable read-only memory (EPROM)
  • Electrically erasable programmable read-only memory (EEPROM)
  • Others (magnetic memory, optical memory, etc.)
• Displays
  • TFT LCD Displays
  • OLED Displays
  • LED Displays
• Microprocessors/Microcontrollers
  • Microprocessor Units
  • Microcontrollers Units
  • Application-Specific Integrated Circuits
  • Field-Programmable Gate Arrays

By End-User Product

• Diagnostic Imaging Devices
  • MRI Scanners
  • X-Ray Scanners
  • CT Scanners
  • Ultrasound Scanners
  • Nuclear Imaging Systems
    • PET Scanners
    • SPECT Scanners
  • Endoscopy
• Patient Monitoring Devices
  • Cardiac Monitors
    • ECG/EKG Monitors
    • Heart Rate Monitors
    • Doppler Fetal Monitors
    • Multipara Monitors
    • Digital Thermometers
  • Respiratory Monitors
    • Pulse Oximeters
    • Continuous Positive Airway Pressure (CPAP) Devices
    • Sleep Apnea Monitors
    • Anesthesia Monitors
  • Hemodynamic Monitors
    • Blood Pressure Monitors
    • Blood Glucose Monitors
    • Blood Gas Monitors
  • Medical Implantable Devices
    • Pacemakers
    • Spinal Cord Stimulators
    • Gastric Electric Stimulators
    • Implantable Loop Recorders
  • Ventilators and RGM Equipment
  • Other Devices (Patient Position Monitor, Coagulation monitors, etc.)

Electronic components for diagnostic imaging devices have showcased a considerable growth rate owing to the high demand for these devices.

By Medical Device Classification

• Class I
• Class II
• Class III

By Region

• North America
• South America
• Europe
• The Middle East and Africa
• Asia-Pacific

North American region has exhibited significant growth during the historical period in the Global Medical Electronics market due to high demand for diagnosis devices & medical implantable devices. 

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