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Semiconductor and Electronics Medical Electronics Market

The medical electronics market is projected to grow at a CAGR 12.19% rate during the forecast period. The medical electronics industry is expected to witness strong growth in the next six years mainly due to the rising incidents of chronic diseases; increasing adoption of medical imaging, monitoring, and implantable devices; rising expenditure on healthcare across the world; and a growing elderly population.Medical electronics market for batteries is expected to hold the largest share during the forecast period. Increasing demand for high power portable medical devices, such as cardiac monitors, respiratory monitors, hemodynamic monitors, and implantable devices, is the major factor accelerating the growth of batteries in the medical electronics market.


Non-invasive medical devices are expected to hold the largest market share from 2021 to 2026. Factors such as the rising government subsidies on medical devices, increasing adoption of IoT-based medical devices, surging demand for digital radiography systems, and growing use of flat-panel detectors (FPDs) contribute to the augmented demand for non-invasive products in the medical electronics market.


Patient monitoring application is expected to hold the largest market share from 2021 to 2026. Factors such as the easy availability of wireless monitoring devices and the rising incidence of lifestyle and chronic diseases are expected to drive market growth during the forecast period. The growing demand for patient monitoring devices in non-hospital settings is also expected to provide a range of growth opportunities for players in the market.


The Americas accounted for the largest share of the global medical electronics market in 2021. Factors such as the rise in the geriatric population, presence of advanced healthcare infrastructure, and high healthcare expenditure are supporting the growth of the market in the Americas. The medical electronic market has seen tremendous growth in terms of technological advancements, increased healthcare expenditure as a percentage of total GDP, and integration of health information technology (IT) into primary care.


Key market players includes Analog Devices (US), Texas Instrument (US), TE Connectivity (Switzerland), Medtronics Plc (Ireland), ST Microelectronics (Switzerland), NXP Semiconductors (Netherlands), (US), Maxim Integrated Products (US), ON Semiconductor (US), Renesas Electronics Corporation (Japan), Microchip Technology (US), Tekscan, (US), among others.


Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry applications of medical electronics?
  • Who are the important players in the medical electronic market?
  • What are the upcoming products and technologies in the medical electronic market?
  • What are the major drivers, restraints, opportunities, and challenges for the medical electronic market?


  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Aging Population and Increasing Life Expectancy Throughout the World
  15. Rising Healthcare Spending and Ever-Changing Healthcare Landscape
  16. Increasing Adoption of Iot-Based Smart Medical Devices
  17. Escalating Demand for Portable Medical Devices and Wearable Electronics
  18. Growing Use of Radiation Therapy in Diagnosis and Treatment of Diseases
  19. Challenges
  20. Designing Compatible Medical Electronics
  21. High Maintenance and Refurbishment Costs of Medical Electronics
  22. Stringent Regulatory Processes and Increased Testing Requirements for Product Approval
  23. Cybersecurity Risks Posed By Proliferation of Connected Medical Devices
  24. Opportunities
  25. Developing Countries to Offer Significant Growth Opportunity
  26. Advances in Sensors and Digital Technologies to Create New Opportunities
  27. Executive Summary
  28. Medical Electronics Market, By Component
  29. Sensors
  30. Temperature sensors
  31. Pressure sensors
  32. Blood glucose sensors
  33. ECG sensors
  34. Image sensors
  35. Motion sensors
  36. Heart rate sensors
  37. Touch sensors
  38. Batteries
  39. Lithium-ion (li-ion) batteries
  40. Lead acid batteries
  41. Zinc air batteries
  42. Others
  43. Memory devices
  44. Flash memory
  45. SDRAM
  46. EPROM
  47. FRAM
  48. Displays
  49. TFT-LCD Displays
  50. OLED Displays
  51. LED Displays
  52. Microprocessors/microcontrollers
  53. Medical Electronics Market, By Product Type
  54. Non-invasive products
  55. Imaging devices
  56. MRI scanners
  57. X-ray scanners
  58. CT scanners
  59. Ultrasound scanners
  60. Nuclear imaging scanners
  61. Monitoring devices
  62. Cardiac monitors
  63. Hemodynamic monitors
  64. Respiratory monitors
  65. Multipara monitors
  66. Digital thermometers
  67. Invasive products
  68. Endoscopes
  69. Pacemakers
  70. Implantable cadioverter defibrillators
  71. Implatable loop recorders
  72. Spinal cord simulators
  73. Gastric electric simulators
  74. Medical Electronics Market, By Application
  75. Diagnostic radiology
  76. Patient monitoring
  77. Medical implants and endoscopy
  78. Medical Electronics Market, By Region
  79. North America
  80. US
  81. Canada
  82. Mexico
  83. Europe
  84. UK
  85. Germany
  86. Spain
  87. France
  88. Italy
  89. Rest of Europe
  90. Asia Pacific
  91. Japan
  92. China
  93. India
  94. South Korea
  95. Rest of APAC
  96. Rest of the World
  97. South America
  98. Middle East
  99. Africa
  100. Company Profiles
  101. Leading Companies in Medical Electronics Market
  102. Analog Devices
  103. Texas Instruments
  104. TE Connectivity
  105. Medtronics PLC
  106. ST Microelectronics
  107. NXP Semiconductors
  108. Cypress Semiconductor Corporation
  109. Maxim Integrated Products
  110. On Semiconductor Corporation
  111. Renesas Electronics Corporation
  112. Other Companies in Medical Electronics Market
  113. *Company introduction, financial information, recent developments, SWOT analysis
  114. Conclusion and Recommendations
  115. Appendix
  116. About
  117. Related Reports
  118. Glossary



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