Medical Electronics Market will Secure 12% growth to surpass $148 Billion by 2024
OCEAN VIEW, Del., Oct. 19, 2017 /PRNewswire-iReach/ -- Medical Electronics Market poised to surpass USD 148 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increasing number of healthcare practitioners and rising number of community healthcare centers along with increasing adoption of better technologies for diagnosis and treatment will propel medical electronics market demand.
Increasing technological advancement will drive medical electronics market growth over the forecast period. Furthermore, growing disposable income levels in developing economies along with introduction of innovative products will surge industry expansion.
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Favorable regulatory policies for expansion of medical electronics industry and healthy reimbursement environment will propel business growth. However, high-cost associated with the medical electronics will impede industry expansion.
Browse key industry insights spread across 160 pages with 158 market data tables & 9 figures & charts from the report, "Medical Electronics Market" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/medical-electronics-market
Surgical robots are widely used by surgeon for medical procedures ranging from bladder reconstruction to open heart surgeries. Lucrative return on investment and ability to save considerable time compared to conventional methods will fuel increasing surgical robots demand over the forecast period.
Respiratory care devices will witness significant revenue growth owing to increasing geriatric population and increasing prevalence of COPD, Asthma and other respiratory diseases. Technological advances aimed at developing more efficient and cost effective respiratory care devices will further propel the market growth.
Hospitals are adopting innovative medical electronic devices to provide improved healthcare facilities to the patients. Rising healthcare cost and growing disposable income levels will spur business growth over the forecast years.
U.S. medical electronics market will witness significant growth owing to favorable regulatory scenario and presence of leading regional business players. Growing disposable income and rising adoption of technologically advanced products will stimulate business growth over the forecast period.
Domestic medical devices companies such as Siemens, Baxter General Electric, and Philips dominates the Russian medical electronics market. Favorable business environment and increasing adoption of technologically advanced products will fuel industry expansion over the forecast years.
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Some of the prominent players in medical electronics industry include Phillips, Siemens AG, GE Healthcare, Maxim Integrated, Carestream Health, Allengers Medical. Industry players adopt strategies like new product development and collaborations with domestic players to strengthen their industry presence and expand their product portfolio.
Smart Medical Devices Market Size 2017 – 2024
Smart Medical Devices Market size is projected to experience significant growth from 2017 to 2024. Smart medical devices market size is likely to witness momentous growth owing to soaring adoption of smartphones across the globe, surging demand for smartphone-compatible and wireless medical devices, rising awareness and focus on health and fitness.
https://www.gminsights.com/industry-analysis/smart-medical-device-market
Biochips Market Size 2017 – 2024
Biochips Market size is projected to witness significant growth from 2017 to 2024. Wide-ranging applications in the fields of proteomics, genomics, genotyping, and drug discovery coupled with rising adoption of the personalized medicines are the major factors driving the biochips market growth over the forecast period.
https://www.gminsights.com/industry-analysis/biochips-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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