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Medical Electronics Market Size
- Report ID: GMI284
- Published Date: Feb 2023
- Report Format: PDF
Medical Electronics Market Size
Medical Electronics Market size was valued at USD 154.5 billion in 2022. The industry is anticipated to register over 6.5% CAGR through 2023-2032, due to the rapid introduction of advanced equipment for cardiovascular disease treatment.
As a specialized discipline, medical electronics integrate engineering with clinical practice and biomedical sciences. Electronic device miniaturization trends are leading to the development of advanced medical electronics for use in the monitoring of physiological variables. To enhance the accuracy and efficacy of treatment and diagnostic procedures, innovative devices have been introduced.
The introduction of effective cardiovascular disease treatment devices, alongside the increased funding for healthcare R&D projects, will create lucrative growth prospects for medical electronic system developers. To ensure adequate safety, regulatory agencies and organizations have developed strict guidelines for the manufacturing of oxygen concentrators and other equipment. This strict regulatory landscape and the lack of skilled healthcare professionals for chronic disease treatment may, however, impeded industry expansion to some extent over the forecast period.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Medical Electronics Market Size in 2022: | USD 154 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.9% |
| 2032 Value Projection: | USD 298 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 440 |
| Tables, Charts & Figures: | 716 |
| Segments covered: | Product, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Medical Electronics Market Scope
