Summary

The global medical electronics market is expected to be valued at USD 11.1 billion in 2024 and is projected to reach USD 15.7 billion by 2029; it is expected to grow at a CAGR of 7.2% from 2024 to 2029. Significant increases in healthcare expenditures across the globe are boosting the economic growth of the medical electronics market. The rising investment in advanced medical technologies and equipment for improving patient monitoring and diagnosis techniques propels the demand for medical devices. Due to the growth in the development of medical devices, there is a surge in the need for electronic components such as sensors, batteries, and integrated circuits, among others.
“Sensors are expected to exhibit the highest growth rate in the medical electronics market”
Medical sensors account for the highest CAGR in the medical electronics market, as these components play an essential role in sensing various vital parameters during medical procedures. Furthermore, the advancement in medical sensors, including MEMS-based sensors, is responsible for improving the accuracy of medical devices. Also, innovations in medical devices, such as AI and IoT-based connectivity, are expected to foster revenue growth in the medical electronics market. Sensors were used because of the growing demand for real-time health monitoring, driven by the increased prevalence of chronic diseases and the shift toward preventative healthcare. Furthermore, the rapid expansion of this category has been propelled by the proliferation of wearable health devices and remote patient monitoring systems that rely heavily on various sensors, including temperature, pressure, ECG, and glucose sensors.
“Patient monitoring devices segment based on device type to hold the largest share in the medical electronics market.”
The patient monitoring devices segment in the medical electronics market accounts for the largest share. The increasing prevalence of several chronic diseases, such as cardiac, respiratory, diabetes, etc.., is creating the need for continuous monitoring during the treatment. The patient monitoring devices help to manage better and reduce health risks. Furthermore, technologically advanced medical devices are being adopted across multiple healthcare facilities. Also, trends such as telemedicine are fueling the demand for remote patient monitoring solutions. These factors are majorly driving the medical electronics market and impacting the growth of the patient monitoring devices segment positively.
“Based on medical procedures, the non-invasive procedures to dominate the medical electronics market”
Adopting non-invasive procedures holds a large share of the medical electronics market. These procedures have several advantages over invasive procedures, including less risk of surgery complications, reduced recovery time, and enhanced patient comfort. Moreover, advanced diagnostic and therapeutic medical equipment and devices such as imaging systems like MRI, CT scans, ultrasounds, blood glucose monitors, and wearable health monitors are expected to increase the adoption of non-invasive medical procedures among healthcare practitioners. These devices allow doctors to monitor patients continuously without surgical intervention. The increasing investments in feasible and innovative medical procedures fuel segmental growth in the medical electronics market over the forecast period.
“Hospitals & clinics segment to hold the largest share in the medical electronics market”
Based on medical facilities, the hospitals & clinics segment is dominating the medical electronics market. The growth of this segment is attributed to the influence of infrastructural investments in these facilities and the purchase of advanced medical equipment. Such medical equipment includes robotic surgery, patient monitoring, diagnostic imaging, and treatment equipment. These are the most essential equipment in hospitals and clinics and are frequently used. Furthermore, they must have high accuracy and precision in measuring physical parameters. Insufficiency in the maintenance of such equipment may pose a high risk to the patient's life. Due to these factors, the market share of hospitals and clinics in the medical electronics segment is expected to boost over the forecast period.
“North America region holds the largest share in the medical electronics market.”
The North American region dominates the medical electronics market because as the healthcare infrastructure advances, new medical technologies are being adopted at a rapid rate in our country, enabling the invention of more improved devices used in the treatment of patients. These were established mainly because it has invested heavily in research and development to improve its medical devices and expanding health-wise expenditure. This has led to increased investments from both the public and private sectors into the healthcare systems and, therefore, further advancements made within this particular domain again. This has further led to age-group categories, with the highest percentage being over 60 years who require more medication prescriptions than younger people.

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 26%, Tier 2 – 32%, and Tier 3 – 42%
• By Designation: C-level Executives – 40%, Directors – 30%, and Others – 30%
• By Region: North America – 35%, Europe – 30%, Asia Pacific – 25%, and RoW – 10%
The key players operating in the medical electronics market are Analog Devices, Inc. (US), TE Connectivity (Switzerland), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), and NXP Semiconductors (Netherlands) among others.
Research Coverage:
The research reports the Asset Integrity Management Market, by Component, (Sensors, Batteries, Displays, MPUs/MCUs, Memory Chips) by Medical Equipment/ Device Type (Diagnostic and Imaging Devices, Patient Monitoring Devices, Active Medical Implantable Devices, Ventilators and RGM equipment, Surgical Robotic Systems, Other Medical Equipment/ Device Types), by Medical Procedure (Non-invasive, Minimally Invasive, Invasive), by Medical Device Classification (Class I, Class II, Class III), by Medical Facility (Hospitals & Clinics, Nursing Homes, Assisted Living Facilities, Long-term Care Centers, and Home Health Care Settings, Other Medical Facilities) and Region (North America, Europe, Asia Pacific, and Rest of the world (RoW)). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the medical electronics market. A thorough analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent medical electronics market developments. This report covers a competitive analysis of upcoming startups in the medical electronics market ecosystem.

Key Benefits of Buying the Report
Analysis of key drivers (Global rise in elderly population, Increasing healthcare expenditure, Emergence of IoT-enabled medical devices, Growing popularity of portable and wearable medical electronics), restraints (Low internet penetration in developing countries, High development costs associated with medical electronics), opportunities (Proliferation of smart medical devices with advanced sensors, Growing investments in healthcare sector in developing countries, Integration of robots into surgical procedures, Increasing popularity of telemedicine), and challenges (Regulatory barriers due to multi-layered laws, Susceptibility to hacking and cyber threats) influencing the growth of the medical electronics market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the medical electronics market
• Market Development: Comprehensive information about lucrative markets – the report analyses the medical electronics market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the medical electronics market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Analog Devices, Inc. (US), TE Connectivity (Switzerland), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), and NXP Semiconductors (Netherlands) among others in the medical electronics market.

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Table of Contents

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED 33
FIGURE 1 MEDICAL ELECTRONICS MARKET SEGMENTATION 33
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 REGIONAL SCOPE 35
1.3.4 YEARS CONSIDERED 35
1.4 CURRENCY CONSIDERED 35
1.5 UNITS CONSIDERED 36
1.6 LIMITATIONS 36
1.7 STAKEHOLDERS 36
1.8 SUMMARY OF CHANGES 37
1.9 RECESSION IMPACT 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH APPROACH 39
FIGURE 2 MEDICAL ELECTRONICS MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY AND PRIMARY RESEARCH 41
2.1.2 SECONDARY DATA 41
2.1.2.1 List of major secondary sources 42
2.1.2.2 Key data from secondary sources 42
2.1.3 PRIMARY DATA 43
2.1.3.1 Intended participants and key opinion leaders in primary interviews 43
2.1.3.2 Breakdown of primaries 43
2.1.3.3 Key data from primary sources 44
2.1.3.4 Key industry insights 45
2.1.3.5 List of key primary interview participants 45
2.2 MARKET SIZE ESTIMATION METHODOLOGY 46
FIGURE 3 MEDICAL ELECTRONICS MARKET SIZE ESTIMATION METHODOLOGY 46
2.2.1 BOTTOM-UP APPROACH 46
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side) 46
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 47
2.2.2 TOP-DOWN APPROACH 47
2.2.2.1 Approach to estimate market size using top-down analysis (supply side) 47
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 48
FIGURE 6 MEDICAL ELECTRONICS MARKET: SUPPLY-SIDE ANALYSIS 48
2.3 DATA TRIANGULATION 49
FIGURE 7 DATA TRIANGULATION 49
2.4 RESEARCH ASSUMPTIONS 50
2.5 RESEARCH LIMITATIONS 50
2.6 RISK ASSESSMENT 51
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON MEDICAL ELECTRONICS MARKET 51
3 EXECUTIVE SUMMARY 52
FIGURE 8 BATTERIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 52
FIGURE 9 NON-INVASIVE SEGMENT TO CLAIM LARGEST MARKET SHARE IN 2029 53
FIGURE 10 PATIENT MONITORING DEVICES SEGMENT TO LEAD MARKET IN 2029 54
FIGURE 11 NORTH AMERICA HELD LARGEST MARKET SHARE IN 2023 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MEDICAL ELECTRONICS MARKET 56
FIGURE 12 GROWING IMPLEMENTATION OF AI AND IOT IN MEDICAL ELECTRONIC EQUIPMENT TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 56
4.2 MEDICAL ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY AND MEDICAL FACILITY 57
FIGURE 13 US AND HOSPITALS & CLINICS SEGMENT TO HOLD LARGEST SHARES OF NORTH AMERICAN MARKET IN 2024 57
4.3 MEDICAL ELECTRONICS MARKET, BY COMPONENT 58
FIGURE 14 BATTERIES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 58
4.4 MEDICAL ELECTRONICS MARKET, BY REGION 58
FIGURE 15 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
FIGURE 16 MEDICAL ELECTRONICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
5.2.1 DRIVERS 60
FIGURE 17 MEDICAL ELECTRONICS MARKET: IMPACT ANALYSIS OF DRIVERS 60
5.2.1.1 Global rise in elderly population 61
5.2.1.2 Increasing healthcare expenditure 61
FIGURE 18 REGION-WISE EXPENDITURE DATA ON HEALTHCARE (GDP PERCENTAGE) 62
5.2.1.3 Surging adoption of IoT-enabled medical devices 62
5.2.1.4 Growing popularity of portable and wearable medical electronics 62
5.2.2 RESTRAINTS 63
FIGURE 19 MEDICAL ELECTRONICS MARKET: IMPACT ANALYSIS OF RESTRAINTS 63
5.2.2.1 Low internet penetration in developing countries 63
5.2.2.2 High development costs associated with medical electronics 64
5.2.3 OPPORTUNITIES 65
FIGURE 20 MEDICAL ELECTRONICS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 65
5.2.3.1 Proliferation of smart medical devices with advanced sensors 65
5.2.3.2 Growing investments in healthcare sector in developing countries 66
5.2.3.3 Integration of robots into surgical procedures 66
5.2.3.4 Increasing popularity of telemedicine 66
5.2.4 CHALLENGES 67
FIGURE 21 MEDICAL ELECTRONICS MARKET: IMPACT ANALYSIS OF CHALLENGES 67
5.2.4.1 Regulatory barriers due to multi-layered laws 67
5.2.4.2 Susceptibility to hacking and cyber threats 68
5.3 VALUE CHAIN ANALYSIS 68
FIGURE 22 MEDICAL ELECTRONICS MARKET: VALUE CHAIN ANALYSIS 68
5.4 ECOSYSTEM ANALYSIS 70
FIGURE 23 MEDICAL ELECTRONICS MARKET: ECOSYSTEM ANALYSIS 70
TABLE 1 ROLES OF COMPANIES IN MEDICAL ELECTRONICS ECOSYSTEM 71
5.5 INVESTMENT AND FUNDING SCENARIO 72
FIGURE 24 INVESTMENT AND FUNDING SCENARIO 72
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 73
FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 73
5.7 PRICING ANALYSIS 73
5.7.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY MEDICAL SENSOR TYPE 73
FIGURE 26 AVERAGE SELLING PRICE TREND OF MEDICAL SENSORS OFFERED BY KEY PLAYERS, 2024 (USD/UNIT) 74
TABLE 2 AVERAGE SELLING PRICE TREND OF MEDICAL SENSOR TYPES OFFERED BY KEY PLAYERS, 2024 (USD/UNIT) 74
5.7.2 AVERAGE SELLING PRICE TREND OF MEDICAL SENSORS, BY TYPE 75
FIGURE 27 AVERAGE SELLING PRICE TREND OF MEDICAL SENSORS, BY TYPE, 2019–2023 (USD/UNIT) 75
5.7.3 AVERAGE SELLING PRICE TREND, BY REGION 75
FIGURE 28 AVERAGE SELLING PRICE TREND OF MEDICAL SENSORS, BY REGION, 2019–2023 (USD) 75
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 KEY TECHNOLOGIES 76
5.8.1.1 Medical robotics 76
5.8.2 COMPLEMENTARY TECHNOLOGIES 76
5.8.2.1 Wireless communication 76
5.8.2.2 Data analytics and AI 76
5.8.3 ADJACENT TECHNOLOGIES 76
5.8.3.1 Telemedicine 76
5.8.3.2 AR and VR 77
5.8.3.3 3D printing 77
5.9 PORTER'S FIVE FORCES ANALYSIS 77
TABLE 3 MEDICAL ELECTRONICS MARKET: PORTER'S FIVE FORCES ANALYSIS 77
FIGURE 29 MEDICAL ELECTRONICS MARKET: PORTER'S FIVE FORCES ANALYSIS 78
5.9.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.9.2 BARGAINING POWER OF SUPPLIERS 79
5.9.3 BARGAINING POWER OF BUYERS 79
5.9.4 THREAT OF NEW ENTRANTS 79
5.9.5 THREAT OF SUBSTITUTES 79
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 80
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY MEDICAL EQUIPMENT/DEVICE TYPE 80
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY MEDICAL EQUIPMENT/ DEVICE TYPE (%) 80
5.10.2 BUYING CRITERIA 81
FIGURE 31 KEY BUYING CRITERIA, BY MEDICAL EQUIPMENT/DEVICE TYPE 81
TABLE 5 KEY BUYING CRITERIA, BY MEDICAL EQUIPMENT/DEVICE TYPE 81
5.11 CASE STUDY ANALYSIS 81
5.11.1 ZOLL MEDICAL DEVELOPED PALM-SIZED CPR DEVICE USING IMEMS MOTION SENSORS FROM ANALOG DEVICES 81
5.11.2 PEAK SENSORS HELPED INTERNATIONAL MEDICAL COMPANY CREATE COMPLIANT, SAFE ANESTHETIC EQUIPMENT USING FAULT-FREE TEMPERATURE SENSOR 82
5.11.3 PROMET OPTICS HELPED MEDICAL DEVICE CORPORATION ENHANCE PROCESS CONTROL AND REDUCE COSTS WITH OPTICAL SENSOR SOLUTIONS 82
5.11.4 PANASONIC SUPPORTED MEDICAL DEVICE MANUFACTURER WITH LI-ION BATTERIES ENSURING RELIABLE AND SAFE POWER FOR PORTABLE MEDICAL EQUIPMENT 82
5.11.5 STMICROELECTRONICS DEVELOPED LOW-POWER PORTABLE ECG DEVICE THAT OFFERED SECURED DATA HANDLING WITH ACCURATE READINGS 83
5.12 TRADE ANALYSIS 83
5.12.1 IMPORT DATA (HS CODE 901813) 83
FIGURE 32 IMPORT DATA FOR HS CODE 901813-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 83
5.12.2 EXPORT DATA (HS CODE 901813) 84
FIGURE 33 EXPORT DATA FOR HS CODE 901813-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 84
5.13 TARIFF AND REGULATORY LANDSCAPE 84
5.13.1 TARIFF ANALYSIS 84
TABLE 6 MFN TARIFF FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY US, 2023 85
TABLE 7 MFN TARIFF FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY JAPAN, 2023 85
TABLE 8 MFN TARIFF FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY GERMANY, 2023 85
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
5.13.2 REGULATIONS 88
5.13.2.1 US 88
FIGURE 34 REGULATORY PROCEDURES FOLLOWED IN US FOR APPROVAL OF MEDICAL DEVICES 88
5.13.2.2 Canada 89
FIGURE 35 REGULATORY PROCEDURES FOLLOWED IN CANADA FOR APPROVAL OF MEDICAL DEVICES 89
5.13.2.3 Europe 90
FIGURE 36 REGULATORY PROCEDURES FOLLOWED IN EUROPE FOR APPROVAL OF MEDICAL DEVICES 90
5.13.2.4 Japan 91
FIGURE 37 REGULATORY PROCEDURES FOLLOWED IN JAPAN FOR APPROVAL OF MEDICAL DEVICES 91
5.13.2.5 China 92
FIGURE 38 REGULATORY PROCEDURES FOLLOWED IN CHINA FOR APPROVAL OF MEDICAL DEVICES 92
5.14 PATENT ANALYSIS 93
FIGURE 39 NUMBER OF PATENTS APPLIED AND GRANTED FOR MEDICAL ELECTRONICS, 2014–2023 93
TABLE 13 LIST OF APPLIED/GRANTED PATENTS RELATED TO MEDICAL ELECTRONICS, 2021–2023 94
5.15 KEY CONFERENCES AND EVENTS, 2024–2025 97
TABLE 14 MEDICAL ELECTRONICS MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025 97
6 MEDICAL ELECTRONICS MARKET, BY COMPONENT 98
6.1 INTRODUCTION 99
FIGURE 40 SENSORS SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 99
TABLE 15 MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 99
TABLE 16 MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 100
6.2 SENSORS 100
TABLE 17 SENSORS: MEDICAL ELECTRONICS MARKET, BY TYPE, 2020–2023 (USD MILLION) 101
TABLE 18 SENSORS: MEDICAL ELECTRONICS MARKET, BY TYPE, 2024–2029 (USD MILLION) 101
TABLE 19 SENSORS: MEDICAL ELECTRONICS MARKET, BY TYPE, 2020–2023 (MILLION UNITS) 102
TABLE 20 SENSORS: MEDICAL ELECTRONICS MARKET, BY TYPE, 2024–2029 (MILLION UNITS) 102
TABLE 21 SENSORS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2020–2023 (USD MILLION) 103
TABLE 22 SENSORS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2024–2029 (USD MILLION) 103
TABLE 23 SENSORS: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 103
TABLE 24 SENSORS: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 104
6.2.1 TEMPERATURE SENSORS 104
6.2.1.1 Ability to detect small temperature gradients to boost demand 104
6.2.2 PRESSURE SENSORS 104
6.2.2.1 Integration into sphygmomanometer cuffs and invasive blood pressure monitors to drive market 104
6.2.3 BLOOD GLUCOSE SENSORS 105
6.2.3.1 Surging prevalence of diabetes and heart-related ailments to fuel market growth 105
6.2.4 BLOOD OXYGEN SENSORS 105
6.2.4.1 Rising application in hemodynamic monitors to fuel segmental growth 105
6.2.5 ECG SENSORS 106
6.2.5.1 Rising prevalence of cardiac disorders to drive market 106
6.2.6 IMAGE SENSORS 106
6.2.6.1 Increasing use in ophthalmology and digital radiology applications to fuel segmental growth 106
6.2.7 MOTION SENSORS 106
6.2.7.1 Elevlating demand for blood pressure monitoring devices and heart rate monitors to drive market 106
6.2.8 HEART RATE SENSORS 107
6.2.8.1 Growing demand for miniaturized heart rate sensors to offer lucrative growth opportunities 107
6.2.9 FLOW SENSORS 107
6.2.9.1 Rising demand for ventilators and respiratory devices to fuel market growth 107
6.2.10 INGESTIBLE SENSORS 107
6.2.10.1 Emergence of modern endoscopes to offer lucrative growth opportunities 107
6.2.11 TOUCH SENSORS 108
6.2.11.1 Growing implementation in portable devices and patient monitoring systems to drive market 108
6.2.12 PIEZO FILM SENSORS 108
6.2.12.1 Increasing incidence of sleep apnea to drive market growth 108
6.2.13 POSITION SENSORS 109
6.2.13.1 Integration of advanced position sensors in MRI machines, CT scanners, and X-ray machines to drive market 109
 
6.3 BATTERIES 109
TABLE 25 BATTERIES: MEDICAL ELECTRONICS MARKET, BY TYPE, 2020–2023 (USD MILLION) 109
TABLE 26 BATTERIES: MEDICAL ELECTRONICS MARKET, BY TYPE, 2024–2029 (USD MILLION) 110
TABLE 27 BATTERIES: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2020–2023 (USD MILLION) 110
TABLE 28 BATTERIES: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2024–2029 (USD MILLION) 110
TABLE 29 BATTERIES: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 111
TABLE 30 BATTERIES: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 111
6.3.1 LI-ION BATTERIES 111
6.3.1.1 Growing demand for high-performing and safe operating batteries to fuel segmental growth 111
6.3.2 ZINC BATTERIES 112
6.3.2.1 Ability to provide high energy density and long battery life to accelerate demand 112
6.3.3 OTHER BATTERIES 112
6.4 DISPLAYS 112
6.4.1 GROWING DEMAND FOR TELEMEDICINE TO DRIVE MARKET 112
TABLE 31 DISPLAYS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2020–2023 (USD MILLION) 113
TABLE 32 DISPLAYS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2024–2029 (USD MILLION) 113
TABLE 33 DISPLAYS: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 114
TABLE 34 DISPLAYS: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 114
6.5 MCUS/MPUS 115
6.5.1 ONGOING ADVANCEMENTS IN DIGITAL HEALTH SOLUTIONS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 115
TABLE 35 MCUS/MPUS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2020–2023 (USD MILLION) 116
TABLE 36 MCUS/MPUS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2024–2029 (USD MILLION) 116
TABLE 37 MCUS/MPUS: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 38 MCUS/MPUS: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 117
6.6 MEMORY CHIPS 118
6.6.1 GROWING DEMAND FOR SECURED DATA STORAGE TO DRIVE MARKET 118
TABLE 39 MEMORY CHIPS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2020–2023 (USD MILLION) 118
TABLE 40 MEMORY CHIPS: MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE, 2024–2029 (USD MILLION) 119
TABLE 41 MEMORY CHIPS: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 119
TABLE 42 MEMORY CHIPS: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 119
7 MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/DEVICE TYPE 121
7.1 INTRODUCTION 122
FIGURE 41 PATIENT MONITORING DEVICES SEGMENT TO DOMINATE MARKET IN 2029 122
TABLE 43 MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/ DEVICE TYPE, 2020–2023 (USD MILLION) 122
TABLE 44 MEDICAL ELECTRONICS MARKET, BY MEDICAL EQUIPMENT/ DEVICE TYPE, 2024–2029 (USD MILLION) 123
7.2 DIAGNOSTIC AND IMAGING DEVICES 123
TABLE 45 DIAGNOSTIC AND IMAGING DEVICES: MEDICAL ELECTRONICS MARKET, BY TYPE, 2020–2023 (USD MILLION) 124
TABLE 46 DIAGNOSTIC AND IMAGING DEVICES: MEDICAL ELECTRONICS MARKET, BY TYPE, 2024–2029 (USD MILLION) 124
TABLE 47 DIAGNOSTIC AND IMAGING DEVICES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 124
TABLE 48 DIAGNOSTIC AND IMAGING DEVICES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 125
7.2.1 MAGNETIC RESONANCE IMAGING (MRI) SCANNERS 125
7.2.1.1 Development of high-field and portable MRI devices to drive market 125
7.2.2 X-RAY SCANNERS 125
7.2.2.1 Rising incidences of osteoporosis to accelerate demand 125
7.2.3 CT SCANNERS 126
7.2.3.1 Increasing need for accurate diagnosis of internal bleeding, tumors, and complex fractures to boost demand 126
7.2.4 ULTRASOUND SCANNERS 126
7.2.4.1 Rising focus on developing portable and handheld ultrasound devices to drive market 126
7.2.5 NUCLEAR IMAGING SYSTEMS 127
TABLE 49 DIAGNOSTIC AND IMAGING DEVICES: MEDICAL ELECTRONICS MARKET FOR NUCLEAR IMAGING SYSTEMS, BY TYPE, 2020–2023 (USD MILLION) 127
TABLE 50 DIAGNOSTIC AND IMAGING DEVICES: MEDICAL ELECTRONICS MARKET FOR NUCLEAR IMAGING SYSTEMS, BY TYPE, 2024–2029 (USD MILLION) 127
7.2.5.1 Positron emission tomography scanners 128
7.2.5.1.1 Surging prevalence of cancer to boost demand 128
7.2.5.2 Single-photon emission computed tomography scanners 128
7.2.5.2.1 Growing demand for advanced diagnostic tools to treat cardiovascular diseases to drive segmental growth 128
7.2.6 ENDOSCOPES 129
7.2.6.1 Increasing demand for minimally invasive diagnostic and surgical procedures to boost demand 129
7.3 PATIENT MONITORING DEVICES 129
TABLE 51 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET, BY TYPE, 2020–2023 (USD MILLION) 129
TABLE 52 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET, BY TYPE, 2024–2029 (USD MILLION) 130
TABLE 53 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 130
TABLE 54 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 130
7.3.1 BLOOD GLUCOSE MONITORS 131
7.3.1.1 Advent of smartphone-compatible glucose meters to drive demand 131
7.3.2 CARDIAC MONITORS 131
TABLE 55 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET FOR CARDIAC MONITORS, BY TYPE, 2020–2023 (USD MILLION) 131
TABLE 56 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET FOR CARDIAC MONITORS, BY TYPE, 2024–2029 (USD MILLION) 132
7.3.2.1 Electrocardiograph (ECG)/Electrocardiogram (EKG) monitors 132
7.3.2.1.1 Pressing need to monitor arrhythmias and heart attacks to drive market 132
7.3.2.2 Heart rate monitors 132
7.3.2.2.1 Increasing emphasis on fitness and wellness to boost demand 132
7.3.2.3 Doppler monitors 133
7.3.2.3.1 Rising demand for non-invasive diagnostic tools to fuel segmental growth 133
7.3.3 HEMODYNAMIC MONITORS 133
TABLE 57 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET FOR HEMODYNAMIC MONITORS, BY TYPE, 2020–2023 (USD MILLION) 133
TABLE 58 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET FOR HEMODYNAMIC MONITORS, BY TYPE, 2024–2029 (USD MILLION) 134
7.3.3.1 Blood pressure monitors 134
7.3.3.1.1 Increasing demand for wearable blood pressure monitors and smartphone-compatible devices to drive market 134
7.3.3.2 Blood gas monitors 134
7.3.3.2.1 Rising incidence of respiratory diseases to fuel market growth 134
7.3.4 RESPIRATORY MONITORS 135
TABLE 59 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET FOR RESPIRATORY MONITORS, BY TYPE, 2020–2023 (USD MILLION) 135
TABLE 60 PATIENT MONITORING DEVICES: MEDICAL ELECTRONICS MARKET FOR RESPIRATORY MONITORS, BY TYPE, 2024–2029 (USD MILLION) 135
7.3.4.1 Pulse oximeters 136
7.3.4.1.1 Rising demand for smartphone-compatible and wearable pulse oximeters to boost demand 136
7.3.4.2 Sleep apnea monitors 136
7.3.4.2.1 Growing demand for portable and user-friendly monitors to drive market 136
7.3.4.3 Anesthesia monitors 137
7.3.4.3.1 Rising demand to reduce complexity of surgical procedures to boost demand 137
7.3.5 MULTI-PARAMETER MONITORING DEVICES 137
7.3.5.1 Expanding geriatric population with chronic diseases to drive market 137
7.3.6 NEUROMONITORING DEVICES 138
7.3.6.1 Ability to provide real-time data on brain activity, spinal cord function, and peripheral nerve integrity to drive market 138
7.3.7 DIGITAL THERMOMETERS 138
7.3.7.1 Growing demand for non-contact and infrared thermometers to fuel market growth 138
7.4 ACTIVE MEDICAL IMPLANTABLE DEVICES 138
7.4.1 SURGING DEMAND FOR PACEMAKERS AND SPINAL CORD STIMULATORS TO DRIVE SEGMENTAL GROWTH 138
TABLE 61 ACTIVE MEDICAL IMPLANTABLE DEVICES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 139
TABLE 62 ACTIVE MEDICAL IMPLANTABLE DEVICES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 139
7.5 VENTILATORS AND RGM EQUIPMENT 140
7.5.1 INCREASING PREVALENCE OF RESPIRATORY DISEASES TO BOOST DEMAND 140
TABLE 63 VENTILATORS AND RGM EQUIPMENT: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 141
TABLE 64 VENTILATORS AND RGM EQUIPMENT: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 141
7.6 SURGICAL ROBOTIC SYSTEMS 141
7.6.1 RISING DEMAND FOR REAL-TIME DECISION SUPPORT AND PREDICTIVE ANALYTICS TO DRIVE MARKET 141
TABLE 65 SURGICAL ROBOTIC SYSTEMS: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 142
TABLE 66 SURGICAL ROBOTIC SYSTEMS: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 142
7.7 OTHER MEDICAL EQUIPMENT/DEVICE TYPES 143
TABLE 67 OTHER MEDICAL EQUIPMENT/DEVICE TYPES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 143
TABLE 68 OTHER MEDICAL EQUIPMENT/DEVICE TYPES: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 143
8 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE 144
8.1 INTRODUCTION 145
FIGURE 42 NON-INVASIVE SEGMENT TO DOMINATE MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 145
TABLE 69 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE, 2020–2023 (USD MILLION) 145
TABLE 70 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE, 2024–2029 (USD MILLION) 145
8.2 NON-INVASIVE 146
8.2.1 INCREASING DEMAND FOR TELEHEALTH AND REMOTE PATIENT MONITORING TO FUEL SEGMENTAL GROWTH 146
 
8.3 MINIMALLY INVASIVE 146
8.3.1 RISING AWARENESS OF ADVANCED IMAGING AND MONITORING TECHNOLOGIES TO DRIVE MARKET 146
8.4 INVASIVE 147
8.4.1 ADVENT OF INTERNET OF MEDICAL THINGS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 147
9 MEDICAL ELECTRONICS MARKET, BY MEDICAL DEVICE CLASSIFICATION 148
9.1 INTRODUCTION 149
FIGURE 43 CLASS II SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 149
TABLE 71 MEDICAL ELECTRONICS MARKET, BY MEDICAL DEVICE CLASSIFICATION, 2020–2023 (USD MILLION) 149
TABLE 72 MEDICAL ELECTRONICS MARKET, BY MEDICAL DEVICE CLASSIFICATION, 2024–2029 (USD MILLION) 150
9.2 CLASS I 150
9.2.1 GROWING SHIFT TOWARD HOME-BASED CARE MODELS TO DRIVE MARKET 150
9.3 CLASS II 150
9.3.1 IMPROVED SENSOR TECHNOLOGIES AND CONNECTIVITY FEATURES TO FUEL SEGMENTAL GROWTH 150
9.4 CLASS III 151
9.4.1 GROWING INCIDENCES OF CARDIOVASCULAR DISEASES AND CANCER TO DRIVE SEGMENTAL GROWTH 151
10 MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY 152
10.1 INTRODUCTION 153
FIGURE 44 HOSPITALS & CLINICS SEGMENT TO LEAD MARKET IN 2024 153
TABLE 73 MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2020–2023 (USD MILLION) 153
TABLE 74 MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2024–2029 (USD MILLION) 154
10.2 HOSPITALS & CLINICS 154
10.2.1 INCREASING DATA GENERATION WITH EXPANDING NUMBER OF PATIENTS TO FUEL MARKET GROWTH 154
TABLE 75 HOSPITALS & CLINICS: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 155
TABLE 76 HOSPITALS & CLINICS: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 155
10.3 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS 155
10.3.1 PRESSING NEED FOR CONTINUOUS CARE AND MONITORING TO MANAGE CHRONIC CONDITIONS TO DRIVE MARKET 155
TABLE 77 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 156
TABLE 78 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 156
10.4 OTHER MEDICAL FACILITIES 157
TABLE 79 OTHER MEDICAL FACILITIES: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 157
TABLE 80 OTHER MEDICAL FACILITIES: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 157
11 MEDICAL ELECTRONICS MARKET, BY REGION 158
11.1 INTRODUCTION 159
FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 159
TABLE 81 MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 159
TABLE 82 MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 160
11.2 NORTH AMERICA 160
FIGURE 46 NORTH AMERICA: MEDICAL ELECTRONICS MARKET SNAPSHOT 161
TABLE 83 NORTH AMERICA: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 161
TABLE 84 NORTH AMERICA: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 162
TABLE 85 NORTH AMERICA: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2020–2023 (USD MILLION) 162
TABLE 86 NORTH AMERICA: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2024–2029 (USD MILLION) 162
TABLE 87 NORTH AMERICA: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 163
TABLE 88 NORTH AMERICA: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 163
11.2.1 US 163
11.2.1.1 Growing demand for advanced medical devices among expanding geriatric population to boost demand 163
11.2.2 CANADA 164
11.2.2.1 Increasing healthcare expenditure to drive market 164
11.2.3 MEXICO 164
11.2.3.1 Rising number of FDIs in healthcare sector to offer lucrative growth opportunities 164
11.2.4 IMPACT OF RECESSION ON MEDICAL ELECTRONICS MARKET IN NORTH AMERICA 165
11.3 EUROPE 165
FIGURE 47 EUROPE: MEDICAL ELECTRONICS MARKET SNAPSHOT 166
TABLE 89 EUROPE: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 167
TABLE 90 EUROPE: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 167
TABLE 91 EUROPE: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2020–2023 (USD MILLION) 167
TABLE 92 EUROPE: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2024–2029 (USD MILLION) 168
TABLE 93 EUROPE: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 168
TABLE 94 EUROPE: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 168
11.3.1 GERMANY 169
11.3.1.1 Growing popularity of wearable devices to boost demand 169
11.3.2 UK 169
11.3.2.1 Government-led scheme to develop healthcare sector to drive market 169
11.3.3 FRANCE 169
11.3.3.1 Growing healthcare expenditure fueling market growth in France 169
11.3.4 ITALY 170
11.3.4.1 Increasing investments in digital health solutions and telemedicine to offer lucrative growth opportunities 170
11.3.5 REST OF EUROPE 170
11.3.6 IMPACT OF RECESSION ON MEDICAL ELECTRONICS MARKET IN EUROPE 171
11.4 ASIA PACIFIC 171
FIGURE 48 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET SNAPSHOT 172
TABLE 95 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 173
TABLE 96 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 173
TABLE 97 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2020–2023 (USD MILLION) 173
TABLE 98 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2024–2029 (USD MILLION) 174
TABLE 99 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 174
TABLE 100 ASIA PACIFIC: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 174
11.4.1 CHINA 175
11.4.1.1 Growing adoption of artificial intelligence for imaging and diagnosis to drive market 175
11.4.2 JAPAN 175
11.4.2.1 Increasing adoption of IoT-based medical devices to propel market growth 175
11.4.3 INDIA 175
11.4.3.1 Rising investments from corporate hospital chains to drive market 175
11.4.4 SOUTH KOREA 176
11.4.4.1 Rising public—private collaborations to develop healthcare sector to boost demand 176
11.4.5 REST OF ASIA PACIFIC 176
11.4.6 IMPACT OF RECESSION ON MEDICAL ELECTRONICS MARKET IN ASIA PACIFIC 176
11.5 ROW 177
TABLE 101 ROW: MEDICAL ELECTRONICS MARKET, BY REGION, 2020–2023 (USD MILLION) 177
TABLE 102 ROW: MEDICAL ELECTRONICS MARKET, BY REGION, 2024–2029 (USD MILLION) 177
TABLE 103 ROW: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2020–2023 (USD MILLION) 178
TABLE 104 ROW: MEDICAL ELECTRONICS MARKET, BY MEDICAL FACILITY, 2024–2029 (USD MILLION) 178
TABLE 105 ROW: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2020–2023 (USD MILLION) 178
TABLE 106 ROW: MEDICAL ELECTRONICS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 179
11.5.1 MIDDLE EAST 179
11.5.1.1 Government-led initiatives to develop medical infrastructure to boost demand 179
TABLE 107 MIDDLE EAST: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 179
TABLE 108 MIDDLE EAST: MEDICAL ELECTRONICS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 180
11.5.1.2 GCC 180
11.5.1.3 Rest of Middle East 180
11.5.2 AFRICA 181
11.5.2.1 Rise in local manufacturing of medical devices to drive market 181
11.5.3 SOUTH AMERICA 181
11.5.3.1 Increasing awareness and adoption of advanced medical devices to fuel market growth 181
11.5.4 IMPACT OF RECESSION ON MEDICAL ELECTRONICS MARKET IN ROW 181
12 COMPETITIVE LANDSCAPE 183
12.1 OVERVIEW 183
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 183
TABLE 109 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 183
12.3 MARKET SHARE ANALYSIS, 2023 185
FIGURE 49 MEDICAL ELECTRONICS MARKET SHARE ANALYSIS, 2023 185
TABLE 110 MEDICAL ELECTRONICS MARKET: DEGREE OF COMPETITION, 2023 185
12.4 REVENUE ANALYSIS, 2019–2023 187
FIGURE 50 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 187
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 188
FIGURE 51 COMPANY VALUATION, 2024 (USD MILLION) 188
FIGURE 52 FINANCIAL METRICS (EV/EBITDA), 2024 188
12.6 PRODUCT/BRAND COMPARISON 189
FIGURE 53 PRODUCT/BRAND COMPARISON 189
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 189
12.7.1 STARS 189
12.7.2 EMERGING LEADERS 189
12.7.3 PERVASIVE PLAYERS 190
12.7.4 PARTICIPANTS 190
FIGURE 54 MEDICAL ELECTRONICS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 190
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 191
12.7.5.1 Company footprint 191
FIGURE 55 MEDICAL ELECTRONICS MARKET: COMPANY FOOTPRINT 191
12.7.5.2 Component footprint 192
TABLE 111 MEDICAL ELECTRONICS MARKET: COMPONENT FOOTPRINT 192
12.7.5.3 Medical equipment/device type footprint 193
TABLE 112 MEDICAL ELECTRONICS MARKET: MEDICAL EQUIPMENT/DEVICE TYPE FOOTPRINT 193
12.7.5.4 Medical procedure footprint 194
TABLE 113 MEDICAL ELECTRONICS MARKET: MEDICAL PROCEDURE FOOTPRINT 194
12.7.5.5 Region footprint 195
TABLE 114 MEDICAL ELECTRONICS MARKET: REGION FOOTPRINT 195
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 197
12.8.1 PROGRESSIVE COMPANIES 197
12.8.2 RESPONSIVE COMPANIES 197
12.8.3 DYNAMIC COMPANIES 197
12.8.4 STARTING BLOCKS 197
FIGURE 56 MEDICAL ELECTRONICS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 198
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 199
12.8.5.1 Detailed list of startups/SMEs 199
TABLE 115 MEDICAL ELECTRONICS MARKET: DETAILED LIST OF STARTUPS/SMES 199
12.8.5.2 Competitive benchmarking of key startups/SMEs 200
TABLE 116 MEDICAL ELECTRONICS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 200
12.9 COMPETITIVE SCENARIO AND TRENDS 201
12.9.1 PRODUCT LAUNCHES 201
TABLE 117 MEDICAL ELECTRONICS MARKET: PRODUCT LAUNCHES, MARCH 2020–FEBRUARY 2024 201
12.9.2 DEALS 202
TABLE 118 MEDICAL ELECTRONICS MARKET: DEALS, MARCH 2020–FEBRUARY 2024 202
12.9.3 EXPANSIONS 204
TABLE 119 MEDICAL ELECTRONICS MARKET: EXPANSIONS, MARCH 2020–FEBRUARY 2024 204
12.9.4 OTHERS 205
TABLE 120 MEDICAL ELECTRONICS MARKET: OTHERS, MARCH 2020–FEBRUARY 2024 205