1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED 25
1.3.2 YEARS CONSIDERED 26
1.4 CURRENCY 26
1.5 LIMITATIONS 26
1.6 STAKEHOLDERS 27

2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 29
2.1.1.1 List of major secondary sources 29
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 30
2.1.2.1 Primary interviews with experts 30
2.1.2.2 Breakdown of primaries 31
2.1.2.3 Key data from primary sources 31
2.1.3 SECONDARY AND PRIMARY RESEARCH 32
2.1.3.1 Key industry insights 33
2.2 MARKET SIZE ESTIMATION 33
2.2.1 BOTTOM-UP APPROACH 34
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 34
2.2.2 TOP-DOWN APPROACH 34
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 35
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 36
2.4 RESEARCH ASSUMPTIONS 37

3 EXECUTIVE SUMMARY 38

4 PREMIUM INSIGHTS 42
4.1 MEDICAL ELECTRONICS MARKET GROWTH (2019–2025) 42
4.2 MEDICAL ELECTRONICS MARKET, BY COMPONENT 42
4.3 MEDICAL ELECTRONICS MARKET, BY PRODUCT TYPE 43
4.4 MEDICAL ELECTRONICS MARKET, BY APPLICATION 43
4.5 MEDICAL ELECTRONICS MARKET IN APAC, BY COMPONENT AND COUNTRY 44

5 MARKET OVERVIEW 45
5.1 MARKET DYNAMICS 45
5.1.1 DRIVERS 46
5.1.1.1 Aging population and increasing life expectancy throughout the world 46
5.1.1.2 Rising healthcare spending and ever-changing healthcare landscape 47
5.1.1.3 Increasing adoption of IoT-based smart medical devices 47
5.1.1.4 Escalating demand for portable medical devices and wearable electronics 48
5.1.1.5 Growing use of radiation therapy in diagnosis and treatment of diseases 48
5.1.2 RESTRAINTS 49
5.1.2.1 Designing compatible medical electronics 49
5.1.2.2 High maintenance and refurbishment costs of medical electronics 49
5.1.3 OPPORTUNITIES 49
5.1.3.1 Developing countries to offer significant growth opportunity 49
5.1.3.2 Advances in sensors and digital technologies to create new opportunities 50
5.1.4 CHALLENGES 50
5.1.4.1 Stringent regulatory processes and increased testing requirements for product approval 50
5.1.4.2 Cybersecurity risks posed by proliferation of connected medical devices 51
5.1.5 REGULATORY TRENDS FOR MEDICAL ELECTRONICS IN DIFFERENT REGIONS 51
5.1.5.1 North America 51
5.1.5.1.1 US 51
5.1.5.1.2 Canada 53
5.1.5.2 Europe 54
5.1.5.3 APAC 55
5.1.5.3.1 Japan 55
5.1.5.3.2 China 56

6 INDUSTRY TRENDS 57
6.1 VALUE CHAIN ANALYSIS 58
6.2 KEY INDUSTRY TRENDS 59
6.2.1 IOT-BASED MEDICAL DEVICES 59
6.2.2 ADVENT OF AI-BASED SMART MEDICAL DEVICES 59

7 MEDICAL ELECTRONICS MARKET, BY COMPONENT 60
7.1 INTRODUCTION 61
7.2 SENSORS 62
7.2.1 TEMPERATURE SENSORS 64
7.2.1.1 Increasing adoption of temperature sensors in anesthesia delivery machines, sleep apnea machines, and digital thermometers to accelerate market growth 64
7.2.2 PRESSURE SENSORS 69
7.2.2.1 Growing demand for pressure sensors in respiratory devices and
drug delivery systems to propel market growth 69
7.2.3 BLOOD GLUCOSE SENSORS 71
7.2.3.1 Rising deployment of blood glucose sensors in continuous glucose monitoring (CGM) systems to boost market growth 71
7.2.4 BLOOD OXYGEN SENSORS 72
7.2.4.1 Surging implementation of blood oxygen sensors in hemodynamic monitors to augment market growth 72
7.2.5 ECG SENSORS 73
7.2.5.1 Escalating demand for cardiovascular medical devices to propel demand for ECG sensors 73
7.2.6 IMAGE SENSORS 74
7.2.6.1 Accelerating employment of digital X-ray, laboratory equipment, and advanced endoscopy products to fuel demand for image sensors 74
7.2.7 MOTION SENSORS 76
7.2.7.1 Ongoing technological advancement in MEMS sensors to bolster demand for motion sensors 76
7.2.8 HEART RATE SENSORS 78
7.2.8.1 Increasing adoption of multi-para monitors and personal activity monitors to drive heart rate sensors market 78
7.2.9 TOUCH SENSORS 79
7.2.9.1 Increasing demand for consumer portable healthcare devices equipped with touchscreen and touchpad controllers to accelerate touch sensors market growth 79
7.3 BATTERIES 81
7.3.1 LITHIUM-ION (LI-ION) BATTERIES 81
7.3.1.1 Inclination toward portable medical devices to boost demand for lithium-ion batteries in medical electronics market 81
7.3.2 LEAD ACID BATTERIES 81
7.3.2.1 longer battery life and higher power supply offered by lead acid batteries to accelerate their demand for use in medical electronics 81
7.3.3 ZINC AIR BATTERIES 82
7.3.3.1 Benefits such as high energy density and long battery life to propel growth of market for zinc air batteries 82
7.3.4 OTHERS 82
7.3.4.1 Nickel-Cadmium (Ni-Cd) batteries 82
7.3.4.2 Nickel-Metal Hydride (NiMH) Batteries 82
7.3.4.3 Alkaline-Manganese Batteries 83
7.4 MEMORY DEVICES 90
7.4.1 FLASH MEMORY 90
7.4.1.1 Rising adoption of flash memory in digital X-ray, sonogram, ultrasound, fetal monitoring, metering, data logging, cardiac monitoring devices to augment their demand 90
7.4.2 SDRAM 90
7.4.2.1 Growing deployment of SDRAM in different types of medical equipment or life support systems fuels growth of SDRAM market 90
7.4.3 EPROM 91
7.4.3.1 Increasing use of portable medical devices equipped with non-volatile memory to store data expected to accelerate market growth 91
7.4.4 FRAM 91
7.4.4.1 Surging demand for implantable medical devices with smaller form factor and lower power consumption driving demand for FRAM 91
7.5 DISPLAYS 97
7.5.1 TFT-LCD DISPLAYS 98
7.5.1.1 Increasing use of digital imaging devices with higher resolution displays to boost demand for TFT-LCD displays 98
7.5.2 OLED DISPLAYS 98
7.5.2.1 Growing use of OLED displays owing to their benefits such as
high resolution and minimum motion blur to fuel market growth 98
7.5.3 LED DISPLAYS 98
7.5.3.1 Rising adoption of LED displays in diagnostic and surgical medical equipment to support market growth 98
7.6 MICROPROCESSORS/MICROCONTROLLERS 103
7.6.1 MICROPROCESSOR UNITS 103
7.6.1.1 Decreasing cost of microprocessors to fuel adoption of MPUs 103
7.6.2 MICROCONTROLLER UNITS 103
7.6.2.1 Rising demand for portable medical devices to trigger growth of market for microcontrollers 103
7.6.3 APPLICATION-SPECIFIC INTEGRATED CIRCUITS 104
7.6.3.1 Ongoing technological advancement in medical devices to accelerate demand for ASIC 104
7.6.4 FIELD-PROGRAMMABLE GATE ARRAYS 104
7.6.4.1 Rising demand for FPGA owing to their low cost and smaller design specifications 104

8 MEDICAL ELECTRONICS MARKET, BY PRODUCT TYPE 111
8.1 INTRODUCTION 112
8.2 NON-INVASIVE PRODUCTS 113
8.2.1 IMAGING DEVICES 115
8.2.1.1 MRI (Magnetic Resonance Imaging) scanners 123
8.2.1.1.1 High demand for MRI scanners from hospitals to foster market growth 123
8.2.1.2 X-ray scanners 123
8.2.1.2.1 Wide use of technologically advanced X-ray scanners to achieve high-quality images to boost their demand 123
8.2.1.3 Computed Tomography (CT) scanners 123
8.2.1.3.1 Increased use of CT scanners by hospitals and clinics to promote market growth 123
8.2.1.4 Ultrasound scanners 124
8.2.1.4.1 Increasing incidence of diagnostic ultrasound or diagnostic medical sonography to propel demand for ultrasound scanners 124
8.2.1.5 Nuclear imaging systems 124
8.2.1.5.1 Positron Emission Tomography (PET) scanners 124
8.2.1.5.1.1 Market for PET scanners expected to witness high growth owing to its rising use in large hospitals 124
8.2.1.5.2 Single-photon Emission Computed Tomography (SPECT) scanners 125
8.2.1.5.2.1 High diagnostic accuracy and low cost of SPECT procedures expected to propel market growth in coming years 125
8.2.2 MONITORING DEVICES 125
8.2.2.1 Cardiac monitors 130
8.2.2.1.1 ECG/EKG monitors 130
8.2.2.1.2 Heart rate monitors 130
8.2.2.1.3 Doppler fetal monitors 130
8.2.2.2 Hemodynamic monitors 131
8.2.2.2.1 Blood pressure monitors 131
8.2.2.2.2 Blood glucose monitors 131
8.2.2.2.3 Blood gas monitors 131
8.2.2.3 Respiratory monitors 132
8.2.2.3.1 Pulse oximeters 132
8.2.2.3.2 Continuous Positive Airway Pressure (CPAP)devices 132
8.2.2.3.3 Sleep apnea monitors 132
8.2.2.3.4 Anesthesia monitors 133
8.2.2.4 Multipara monitors 133
8.2.2.4.1 Multipara monitors to witness high growth during the forecast period due to increasing demand for pulse rate and blood pressure monitoring 133
8.2.2.5 Digital thermometers 133
8.2.2.5.1 Digital thermometers equipped with beep alarms and memory functions to witness high demand, thereby accelerating market growth 133
8.3 INVASIVE PRODUCTS 134
8.3.1 ENDOSCOPES 136
8.3.1.1 Technological advancements and recent breakthroughs in the field of endoscopy to drive market in coming years 136
8.3.2 PACEMAKERS 136
8.3.2.1 High adoption of implantable cardiac pacemakers to propel growth of market for pacemakers 136
8.3.3 IMPLANTABLE CARDIOVERTER DEFIBRILLATORS 137
8.3.3.1 Single-chamber implantable cardioverter defibrillators to account for substantial market share during forecast period 137
8.3.4 IMPLANTABLE LOOP RECORDERS 137
8.3.4.1 Popularity of implantable loop recorders for long-term monitoring of patients with suspected arrhythmia or atrial fibrillation to foster market growth 137
8.3.5 SPINAL CORD STIMULATORS 137
8.3.5.1 Adoption of spinal cord stimulators by patients with chronic and severe neuropathic pain to augment market growth 137
8.3.6 GASTRIC ELECTRIC STIMULATORS 138
8.3.6.1 Increased number of patients suffering from gastroparesis and diabetes to drive growth of market 138

9 MEDICAL ELECTRONICS MARKET, BY APPLICATION 139
9.1 INTRODUCTION 140
9.2 DIAGNOSTIC RADIOLOGY 141
9.2.1 INCREASING DEMAND FOR DIAGNOSTIC RADIOLOGY PROCEDURES IN HEALTHCARE FACILITIES TO BOOST MARKET GROWTH 141
9.3 PATIENT MONITORING 142
9.3.1 RISING ADOPTION OF PORTABLE PATIENT MONITORING DEVICES TO FUEL MARKET GROWTH 142
9.4 MEDICAL IMPLANTS AND ENDOSCOPY 143
9.4.1 GROWING NUMBER OF HIP IMPLANT SURGERIES TO WITNESS INCREASING DEMAND FOR MEDICAL IMPLANTS AND ENDOSCOPY INSTRUMENTS 143

10 GEOGRAPHIC ANALYSIS 145
10.1 INTRODUCTION 146
10.2 AMERICAS 147
10.2.1 NORTH AMERICA 149
10.2.1.1 US 152
10.2.1.1.1 US to account for largest size of North American market for medical electronics 152
10.2.1.2 Canada 154
10.2.1.2.1 Imports to hold substantial share of Canadian medical electronics market 154
10.2.1.3 Mexico 155
10.2.1.3.1 Mexico to witness highest CAGR in medical electronics market in North America during forecast period 155
10.2.2 SOUTH AMERICA 157
10.2.2.1 Brazil 160
10.2.2.1.1 Brazil to account for largest share of medical electronics market in South America during forecast period 160
10.2.2.2 Argentina 161
10.2.2.2.1 Medical electronics market in Argentina is dominated by imports of medical devices 161
10.2.2.3 Rest of South America 163
10.3 EUROPE 165
10.3.1 GERMANY 168
10.3.1.1 Germany to account for largest share of medical electronics market 168
10.3.2 FRANCE 169
10.3.2.1 High expenditure on healthcare sector to propel growth of medical electronics market in France 169
10.3.3 UK 171
10.3.3.1 Increasing per capita healthcare expenditure in UK to propel growth of medical electronics market 171
10.3.4 ITALY 173
10.3.4.1 Growing presence of local manufacturers to capture substantial share of medical electronics market in Italy 173
10.3.5 SPAIN 175
10.3.5.1 Spain to witness strong market growth during 2019–2025 owing to the presence of small- and medium-sized companies offering medical devices 175
10.3.6 REST OF EUROPE 177
10.4 ASIA PACIFIC 179
10.4.1 CHINA 181
10.4.1.1 China to account for largest share of medical electronics market in APAC during forecast period 181
10.4.2 JAPAN 183
10.4.2.1 Japan to witness high demand for medical electronics owing to increasing demand for advanced medical technologies to meet requirements of aging population 183
10.4.3 INDIA 185
10.4.3.1 Indian market growth propelled by rising per capita expenditure on healthcare 185
10.4.4 SOUTH KOREA 187
10.4.4.1 South Korean medical electronics market is dominated by imports 187
10.4.5 REST OF APAC 189
10.5 REST OF THE WORLD (ROW) 190
10.5.1 MIDDLE EAST 192
10.5.1.1 Rising focus of government on ambitious medical infrastructure projects to foster growth of medical electronics market in Middle East 192
10.5.2 AFRICA 194
10.5.2.1 Improving economic and political scenario would result insubstantial growth of private healthcare sector in Africa 194

11 COMPETITIVE LANDSCAPE 196
11.1 INTRODUCTION 196
11.2 MARKET RANKING ANALYSIS FOR MEDICAL ELECTRONICS MARKET, 2018 197
11.3 COMPETITIVE SITUATIONS AND TRENDS 199
11.4 COMPETITIVE LEADERSHIP MAPPING, 2018 200
11.4.1 VISIONARY LEADERS 200
11.4.2 DYNAMIC DIFFERENTIATORS 200
11.4.3 INNOVATORS 200
11.4.4 EMERGING COMPANIES 200
11.5 COMPETITIVE BENCHMARKING 202
11.5.1 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS) 202
11.5.2 BUSINESS STRATEGIES EXCELLENCE (25 PLAYERS) 203
11.6 RECENT DEVELOPMENTS 204
11.6.1 PRODUCT LAUNCHES 204
11.6.2 AGREEMENTS, PARTNERSHIPS, AND CONTRACTS/COLLABORATIONS 205
11.6.3 MERGERS AND ACQUISITIONS 206

12 COMPANY PROFILES 207
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 KEY PLAYERS 207
12.1.1 ANALOG DEVICES 207
12.1.2 TEXAS INSTRUMENTS 211
12.1.3 TE CONNECTIVITY 214
12.1.4 MEDTRONICS PLC 217
12.1.5 ST MICROELECTRONICS 220
12.1.6 NXP SEMICONDUCTORS NV 223
12.1.7 CYPRESS SEMICONDUCTOR CORPORATION 226
12.1.8 MAXIM INTEGRATED PRODUCTS 229
12.1.9 ON SEMICONDUCTOR CORPORATION 232
12.1.10 RENESAS ELECTRONICS CORPORATION 234
12.1.11 MICROCHIP TECHNOLOGY 237
12.1.12 TEKSCAN INC. 240
12.2 OTHER COMPANIES 242
12.2.1 MONEBO 242
12.2.2 CIRTEC MEDICAL CORP (CACTUS SEMICONDUCTOR) 243
12.2.3 FIRST SENSOR 244
12.2.4 SENSIRION 245
12.2.5 INNOVATIVE SENSOR TECHNOLOGY (IST AG) 246
12.2.6 KELLER AMERICA (SUBSIDIARY OF KELLER AG DRUCKMESSTECHNIK) 247
12.2.7 MERIT MEDICAL SYSTEMS 247
12.2.8 KOJE DISPLAY 248
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

13 APPENDIX 249
13.1 INSIGHTS FROM INDUSTRY EXPERTS 249
13.2 DISCUSSION GUIDE 250
13.3 KNOWLEDGE STORE 253
13.4 AVAILABLE CUSTOMIZATION 255
13.5 RELATED REPORTS 255
13.6 AUTHOR DETAILS 256