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MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

2016 – 2026

GLOBAL MEDICAL ELECTRONICS MARKET

FORECAST & OPPORTUNITIES

2

Scope of ReportProduct of Interest (POI): Medical Electronics

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year RangeEND USER

PRODUCT TYPE

• Therapeutic

• Pacemaker

• Implantable Cardioverter-

Defibrillators

• Implantable Loop Recorders

• Spinal cord stimulators

• Surgical Robots

• Respiratory Care Devices

• Others

• Diagnostics

• Patient Monitoring Devices

• PET/CT Devices

• MRI Scanners

• Ultrasound Devices

• X-rays Devices

• CT Scanners

• Others

• Hospital

• Ambulatory surgical centers

• Clinics

• Others

Medical electronics refers to those electrical equipment and devices which are used formedical purposes such as examination, diagnosis, treatment and assistance. Rising healthcareawareness and technological advancements are expected to boost the growth of the medicalelectronics market. Moreover, rising number of diseases and favorable regulatory policies forthe expansion of medical electronics industry are positively affecting the growth of the medicalelectronics market.

Market Segmentation

REGION

• Asia Pacific

• Europe

• Middle East and Africa

• South America

• North America

3

Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Medical Electronics Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Therapeutic & Diagnostics)

5.2.1.1.Therapeutic (Pacemaker, Implantable Cardioverter-Defibrillators,Implantable Loop Recorders, Spinal cord stimulators, Surgical Robots,Respiratory Care Devices & Others)

5.2.1.2.Diagnostics (Patient Monitoring Devices, PET/CT Devices, MRI Scanners,Ultrasound Devices, X-rays Devices, CT Scanners & Others)

5.2.2. By End user (Hospital, Ambulatory surgical centers, Clinics and Others)

5.2.3. By Company(2020)

5.2.4. By Region

5.3. Product Market Mapping

4


6. Asia-Pacific Medical Electronics Market Outlook


6.1.1. By Value


6.2.1. By Product Type

6.2.2. By End User

6.2.3. By Country(China; India; Japan; South Korea; Australia)

6.3. Asia Pacific: Country Analysis

6.3.1. China Medical Electronics Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By End User

6.3.2. India Medical Electronics Market Outlook


6.3.2.1.1. By Value




Table of Contents

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6.3.3. Japan Medical Electronics Market Outlook


6.3.3.1.1. By Value




6.3.4. Australia Medical Electronics Market Outlook


6.3.4.1.1. By Value




6.3.5. South Korea Medical Electronics Market Outlook


6.3.5.1.1. By Value




Table of Contents

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7. Europe Medical Electronics Market Outlook


7.1.1. By Value



7.2.2. By End User

7.2.3. By Country (France; Germany; United Kingdom; Italy; Spain)

7.3. Europe : Country Analysis

7.3.1. United Kingdom Medical Electronics Market Outlook


7.3.1.1.1. By Value




7.3.2. France Medical Electronics Market Outlook


7.3.2.1.1. By Value




Table of Contents

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7.3.3. Spain Medical Electronics Market Outlook


7.3.3.1.1. By Value




7.3.4. Germany Medical Electronics Market Outlook


7.3.4.1.1. By Value




7.3.5. Italy Medical Electronics Market Outlook


7.3.5.1.1. By Value




Table of Contents

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8. North America Medical Electronics Market Outlook


8.1.1. By Value



8.2.2. By End User

8.2.3. By Country( United States; Canada; Mexico)

8.3. North America: Country Analysis

8.3.1. United States Medical Electronics Market Outlook


8.3.1.1.1. By Value




8.3.2. Canada Medical Electronics Market Outlook


8.3.2.1.1. By Value




Table of Contents

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8.3.3. Mexico Medical Electronics Market Outlook


8.3.3.1.1. By Value




9. Middle East & Africa Medical Electronics Market Outlook


9.1.1. By Value



9.2.2. By End User

9.2.3. By Country (Saudi Arabia; UAE; South Africa; Iran)

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Medical Electronics Market Outlook


9.3.1.1.1. By Value




Table of Contents

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9.3.2. UAE Medical Electronics Market Outlook


9.3.2.1.1. By Value




9.3.3. South Africa Medical Electronics Market Outlook


9.3.3.1.1. By Value




9.3.4. Iran Medical Electronics Market Outlook


9.3.4.1.1. By Value




Table of Contents

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10. South America Medical Electronics Market Outlook


10.1.1. By Value



10.2.2. By End User

10.2.3. By Country(Brazil; Argentina; Colombia)

10.3. South America: Country Analysis

10.3.1. Brazil Medical Electronics Market Outlook


10.3.1.1.1. By Value



10.3.1.2.2. By End User

10.3.2. Argentina Medical Electronics Market Outlook


10.3.2.1.1. By Value



10.3.2.2.2. By End User

Table of Contents

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10.3.3. Colombia Medical Electronics Market Outlook


10.3.3.1.1. By Value



10.3.3.2.2. By End User

11. Impact of COVID-19 on Global Medical Electronics Market

12. Market Dynamics (This chapter assesses the major demand drivers and restraints.)

12.1. Drivers

12.2. Challenges

13.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)

14. Competitive Landscape

14.1. Competitive Outlook

14.2. Company Profiles

14.2.1. Company Details

14.2.2. Products & Services

14.2.3. Financials (As Reported)

14.2.4. Key Market Focus & Geographical Presence

Table of Contents

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14.2.5 Recent Developments

14.2.6. Key Management Personnel

15.Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)

16. About Us & Disclaimer

Table of Contents

RESEARCH METHODOLOGY

15

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing list of respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global medical

electronics market, overall market size and segmental

market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global medical electronics market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Final Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of global medical electronics market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing geriatric population

and speculated a positive growth during the next 5 years. The study includes market forecasting, which would enable our clients to take better

decisions while planning their strategy to achieve sustainability in global medical electronics market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as medical electronics companies, channel

partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 medical electronics companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 Industry

experts and other value chain stakeholders in global medical electronics market to obtain the overall market size from 2016-2020, which was

validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market

size data from 2016-2020.

• Respondents were asked about the current and future market growth rates, market shares by product type, by end user, by each region and

by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across

various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further

triangulated from other stakeholders.

17


Methodology Followed for Calculation of Market Shares:

Market shares by product type, by end user, by region and by company were calculated based on the responses received through primary

surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various end use

verticals of medical electronics. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion

leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global

Medical Electronics market, techsci research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

18


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ Siemens Healthineers AG

▪ Koninklijke Philips NV

▪ Boston Scientific Corporation

▪ Medtronic Plc.

▪ GE Healthcare Inc.

▪ Canon Inc.

▪ Johnson & Johnson

▪ ZOLL Medical Corporation

▪ MicroPort Scientific Corporation

▪ Integer Holdings Corporation

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Medical Electronics Market By Product Type (Therapeutic and

Diagnostics), By End-User (Hospitals, Ambulatory Surgical Centers, Clinics & Others), By Region, Competition,

Forecast & Opportunities, 2026”, global medical electronics market stood at USD71.93 billion in 2020 and is

projected to grow at a steady rate of around 7.17% and reach USD94.86 during the forecast period on account of

surging demand for easy to use, personalized and advanced healthcare devices. Moreover, rising adoption of

advanced technologies for diagnosis and treatment backed by surging community healthcare centers is further

propelling growth in global medical electronics market. Additionally, growing preference for minimally invasive

surgical procedures is further expected to create lucrative opportunities for the market growth through 2026.

However, high cost of therapeutic devices such as pacemakers and costs incurred with diagnostic procedures

such as MRI, PET/SPECT and CT Scan can hamper the market growth through 2026.

Global medical electronics market can be segmented based on product type and end user. Among end users,

hospitals acquired the market share of around 36.66% in 2020 and the segment is expected to continue its

dominance during forecast period as well owing to increasing prevalence of diseases which have resulted in rising

number of hospital admissions. Moreover, hospitals in the developing and developed economies are well

equipped with highly efficient medical electronic devices, thereby contributing to the growth of hospital segment in

global medical electronics market.

“North America dominates global medical electronics market owing to favorable reimbursement policies, advanced

healthcare technology and supportive regulations by the governments of various economies in the region.

However, Asia-Pacific is expected to grow at impressive CAGR during forecast period owing to surging cases of

respiratory diseases and rising geriatric population in the region especially India and China is expected to spur the

market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a

research based global management consulting firm.

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026FCAGR BY VALUE

XX%CAGR BY VALUE

YY%

Global Medical Electronics Market Size, By Value, 2016–2026F (USD Million)

50%50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Therapeutic Diagnostics

Europe Medical Electronics Market Share, By Product Type, By Value, 2016–2026F

Germany Medical Electronics Market Share, By End user, By Value, 2016–2026F

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Others

Clinics

Ambulatory

surgical centers

Hospital

21

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Report Name: GLOBAL MEDICAL ELECTRONICS MARKET

FORECAST & OPPORTUNITIES2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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