Medical electronics can be considered as a specialized discipline, which integrates engineering with fields such as clinical practice and biomedical sciences. With Covid-19 infection rising around the world, there is expanding concern about lack of essential life-saving equipment and other basic medical resources to prevent the spread of this pandemic and give optimal treatment to those influenced. Moreover, for COVID-19 patients, who may require basic consideration, ventilators serve as a fundamental medical choice before a pharmacological therapy is established. Additionally, a wide assortment of test-kits such as antibody samples and self-administered require a fast acceleration in the manufacturing process. The increasing demand for diagnostics tests, ventilators, personal protective equipment (PPE), and other critical medical supplies has further augmented the demand for medical electronics over the forecast period 2020 to 2027.
According to study, “Impact of COVID-19 on Medical Electronics Market to reach USD XX million by 2026” some of the key companies operating in the medical electronic market are FUJIFILM Medical Systems, Philips healthcare, Toshiba Medical Systems Corporation, Vucomp, McKesson Corporation, Hologic, Inc., Hitachi High Technologies Corporation, Siemens Healthcare, EDDA technology, Inc. and iCAD, Inc.
Based on component type, medical
electronic market is segmented as displays, batteries, memory devices, sensors,
and microprocessors/microcontrollers. Displays segment is further sub-segmented
as OLED displays, Tft-LCD displays and LED displays. Batteries segment is
further sub-segmented as lead acid batteries, lithium-ion batteries, zinc air
batteries and others. Memory devices segment is further sub-segmented as Eprom,
Sdram, flash memory and Fram. Sensors segment is further sub-segmented as
pressure sensors, temperature sensors, motion sensors, image sensors, blood
glucose sensors, ECG sensors, blood oxygen sensors, touch sensors and heart
rate sensors. Additionally, microprocessors/microcontrollers segment is further
sub-segmented as microcontroller units, microprocessor units, field
programmable gate arrays and application specific integrated circuits. Based on
product type, market is segmented as invasive products and non-invasive products.
Invasive products are further sub-segmented as implantable cardioverter
defibrillators, endoscopes, implantable loop recorders, pacemakers, gastric
electric stimulators and spinal cord stimulators. Additionally, non-invasive
products are further sub-segmented as monitoring devices (hemodynamic monitors,
multipara monitors, cardiac monitors, digital thermometer, and respiratory
monitors), imaging devices (x-ray scanners, MRI scanner) and others. In
addition, based on application, market is segmented as patient monitoring,
diagnostic radiology and medical implants & endoscopy.
The medical electronic market is
driven by rise in healthcare spending & ever-changing healthcare landscape,
followed by increase in aging population & surge in life expectancy throughout
the world, rise in demand for portable medical devices & wearable
electronics, increase in adoption of IoT based smart medical devices and rise
in use of radiation therapy in diagnosis & treatment of diseases. However,
high maintenance and refurbishment costs of medical electronics and
cybersecurity risks posed by proliferation of connected medical devices may
impact the market. Moreover, growth in advancement in sensors and digital
technologies and increase in developing countries are key opportunities for
market.
Based on geographical analysis,
Impact of COVID-19 on medical electronics market is considered for the key
regions such as Europe, Asia Pacific, North America, Latin America and Rest of
the World. In terms of value, the North-American region is projected to account
for the majority of the market owing to rise in demand for portable medical
devices with high capacity and growth in implementation of therapeutic devices
in the region. It is predicted that future of the global medical electronic
market will be optimistic as a result of high incidence of respiratory
disorders during the forecast period.
For More Information, Click on the Link Below:-
Impact
of COVID-19 on Medical Electronics Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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