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Medical Electronics Market Share

Report ID: GMI284
Published Date: Feb 2023
Report Format: PDF

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Medical Electronics Market Share

The competitive landscape of the global medical electronics market comprises companies such as

Toshiba Medical Systems Corporation
Fujifilm Holdings Corporation
Hitachi High Technologies Corporation
Olympus Corp.
Allengers Medical
Boston Scientific Corporation
Medtronic
Abbott Laboratories
Koninklijke Philips N.V.
General Electric Company (GE Healthcare)
Samsung Electronics Co. Ltd.
Siemens Healthineers AG

These companies are focusing on product range expansions and other strategies to reinforce their presence in the global market.

For instance, in September 2022, Samsung Electronics Co., Ltd. gained 510(k) clearance from the U.S. FDA and unveiled V7, a cutting-edge ultrasound system. This product was developed to enhance patient and user experiences, allowing the company to expand its product portfolio and strengthen its footprint in the industry.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for medical electronics was valued at USD 154.5 billion in 2022 and will register over 6.5% CAGR through 2023-2032, due to the introduction of advanced equipment for cardiovascular disease treatment.

Clinics end-use segment is set to be valued at over USD 45.5 billion by 2032, considering the high preference for cost-effective and innovative electronic systems.

North America medical electronics market is expected to be valued at more than USD 112 billion by 2032, given the mounting healthcare expenditure and the high chronic disease burden.

Key participants in the market include Toshiba Medical Systems Corporation, Boston Scientific Corporation, Medtronic, Abbott Laboratories, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., and Siemens Healthineers AG, among others