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Healthcare Semiconductor Market Share

Report ID: GMI7856
Published Date: Jan 2024
Report Format: PDF

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Healthcare Semiconductor Market Share

Players operating in the Healthcare semiconductor industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Healthcare Semiconductor Market Companies

Major players operating in the healthcare semiconductor industry are:

ON Semiconductor
Analog Devices Inc.
Texas Instruments Incorporated
NXP Semiconductors NV
STMicroelectronics
Renesas Electronics Corporation
Vishay Intertechnology Inc.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for healthcare semiconductor was valued at over USD 51.2 billion in 2023 and is anticipated to observe over 9.5% CAGR between 2024 & 2032 owing to the increasing popularity of wearable devices, such as fitness trackers, smartwatches, and health monitoring wearables.

The medical imaging segment share was over 30% in 2023 and will grow through 2032 attributed to the increasing prevalence of chronic diseases and the aging population worldwide.

North America healthcare semiconductor industry share was over 35% in 2023 and will grow significantly through 2032 as the region boasts an advanced and well-established healthcare infrastructure with a high level of investment in medical facilities, research institutions & cutting-edge technologies.

ON Semiconductor, Analog Devices Inc., Texas Instruments Incorporated, NXP Semiconductors NV, STMicroelectronics, Renesas Electronics Corporation, and Vishay Intertechnology Inc.