Table of Content

1 INTRODUCTION 38
1.1 STUDY OBJECTIVES 38
1.2 MARKET DEFINITION 38
1.3 STUDY SCOPE 39
1.3.1 MARKETS COVERED 39
FIGURE 1 MEDICAL ELECTRONICS MARKET SEGMENTATION 39
1.3.2 INCLUSIONS AND EXCLUSIONS 39
1.3.2.1 Inclusions and exclusions for component segment 39
1.3.2.2 Inclusions and exclusions for other segments (application, medical device classification, medical procedure, and region) 40
1.3.3 YEARS CONSIDERED 41
1.4 CURRENCY 41
1.5 LIMITATIONS 41
1.6 STAKEHOLDERS 41
1.7 SUMMARY OF CHANGES 42

2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 2 MEDICAL ELECTRONICS MARKET: RESEARCH DESIGN 44
2.1.1 SECONDARY DATA 45
2.1.1.1 List of major secondary sources 45
2.1.1.2 Secondary sources 46
2.1.2 PRIMARY DATA 46
2.1.2.1 Key participants in primary processes across value chain of medical electronics market 46
2.1.2.2 Breakdown of primaries 47
2.1.2.3 Key data from primary sources 47
2.1.3 SECONDARY AND PRIMARY RESEARCH 48
2.1.3.1 Key industry insights 49
2.2 MARKET SIZE ESTIMATION 49
2.2.1 BOTTOM-UP APPROACH 50
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 50
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 50
2.2.2 MEDICAL ELECTRONICS MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 50
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE APPROACH 51
2.2.3 TOP-DOWN APPROACH 52
2.2.3.1 Approach for capturing market size by top-down analysis
(supply side) 52
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 52
2.2.4 MEDICAL ELECTRONICS MARKET ESTIMATION: SUPPLY-SIDE ANALYSIS 53
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE APPROACH 53
TABLE 1 MARKET GROWTH ASSUMPTIONS 54
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 55
FIGURE 7 DATA TRIANGULATION 55
2.4 RESEARCH ASSUMPTIONS 56

3 EXECUTIVE SUMMARY 57
3.1 POST-COVID-19: REALISTIC SCENARIO 57
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 58
3.3 POST-COVID-19: PESSIMISTIC SCENARIO 58
FIGURE 8 PRE- AND POST-COVID-19 SCENARIO ANALYSES FOR MEDICAL ELECTRONICS MARKET, 2017–2026 (USD MILLION) 58
FIGURE 9 MEDICAL ELECTRONICS MARKET, 2017–2026 (USD BILLION) 59
FIGURE 10 BATTERIES TO CAPTURE LARGEST SHARE OF MEDICAL ELECTRONICS MARKET, BY COMP0NENT, IN 2021 59
FIGURE 11 PATIENT MONITORING END-USER PRODUCT TO HOLD LARGEST SIZE OF MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 60
FIGURE 12 MINIMALLY INVASIVE PROCEDURE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD IN MEIDCAL ELECTRONICS MARKET 60
FIGURE 13 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF MEDICAL ELECTRONICS MARKET IN 2020 61

4 PREMIUM INSIGHTS 62
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MEDICAL ELECTRONICS MARKET 62
FIGURE 14 INCREASING ADOPTION OF IOT-BASED MEDICAL DEVICES TO BOOST MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 62
4.2 MEDICAL ELECTRONICS MARKET, BY COMPONENT 63
FIGURE 15 BATTERIES TO HOLD LARGEST SIZE OF MEDICAL ELECTRONICS MARKET,
BY COMPONENT, IN 2021 63
4.3 MEDICAL ELECTRONICS MARKET, BY END-USER PRODUCT 63
FIGURE 16 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SIZE OF MEDICAL ELECTRONICS MARKET IN 2021 63
4.4 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE 64
FIGURE 17 NON-INVASIVE PROCEDURE TO HOLD LARGEST SHARE OF MEDICAL ELECTRONICS MARKET IN 2026 64
4.5 MEDICAL ELECTRONICS MARKET, BY APPLICATION 64
FIGURE 18 PATIENT MONITORING APPLICATION TO DOMINATE MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 64
4.6 MEDICAL ELECTRONICS MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY 65
FIGURE 19 PATIENT MONITORING APPLICATION AND US HELD LARGEST SHARE OF MEDICAL ELECTRONICS MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020 65
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5 MARKET OVERVIEW 66
5.1 INTRODUCTION 66
5.2 MARKET DYNAMICS 66
FIGURE 20 MEDICAL ELECTRONICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 67
5.2.1 DRIVERS 67
5.2.1.1 Aging population and increasing life expectancy 67
FIGURE 21 GLOBAL AND REGIONAL ELDERLY POPULATION OVER 60 YEARS AND ABOVE, 2017 VS. 2050 68
5.2.1.2 Rising healthcare spending and ever-changing healthcare landscape 68
FIGURE 22 REGIONAL PERCENTAGE OF GDP SPEND ON HEALTHCARE, 1995–2024 69
5.2.1.3 Increasing adoption of IoT-based smart medical devices 69
5.2.1.4 Escalating demand for portable medical devices and wearable electronics 69
5.2.1.5 Growing use of radiation therapy in diagnosis and treatment of diseases 70
5.2.1.6 Existing favorable healthcare reforms and financial assistance by governments for senior citizens 70
FIGURE 23 IMPACT ANALYSIS: DRIVERS 71
5.2.2 RESTRAINTS 71
5.2.2.1 Designing compatible medical electronics and establishment of connected ecosystem 71
5.2.2.2 Rising maintenance and refurbishment costs of medical electronics 72
5.2.2.3 Ensuing disruptions caused by COVID-19 in supply chain 72
FIGURE 24 IMPACT ANALYSIS: RESTRAINTS 72
5.2.3 OPPORTUNITIES 73
5.2.3.1 Untapped potential in developing countries 73
FIGURE 25 PERCENTAGE OF GDP SPEND ON HEALTHCARE ACROSS BRICS MEMBERS 73
5.2.3.2 Advances in sensors and digital technologies 73
FIGURE 26 HEALTHCARE TRACKERS, WEARABLES, AND SENSORS 74
5.2.3.3 Positive growth outlook in healthcare sector 74
5.2.3.4 IoT leading way for remote connectivity 75
FIGURE 27 IMPACT ANALYSIS: OPPORUNITIES 75
5.2.4 CHALLENGES 75
5.2.4.1 Stringent regulatory processes and increased testing requirements for product approval 75
5.2.4.2 Cybersecurity risks posed by proliferation of connected medical devices 76
FIGURE 28 IMPACT ANALYSIS: CHALLENGES 76
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6 INDUSTRY TRENDS 77
6.1 VALUE CHAIN ANALYSIS 77
FIGURE 29 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED BY COMPONENT MANUFACTURERS, SYSTEM INTEGRATORS, AND SOFTWARE SERVICE PROVIDERS 78
TABLE 2 MEDICAL ELECTRONICS MARKET: SUPPLY CHAIN 79
6.2 KEY TECHNOLOTY TRENDS 80
6.2.1 IOT-BASED MEDICAL DEVICES 80
6.2.2 ADVENT OF AI-BASED SMART MEDICAL DEVICES 80
6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE (ASP) TRENDS 80
FIGURE 30 MEDICAL ELECTRONICS TEMPERATURE SENSORS FOR IMAGING DEVICES (ASP IN USD) 80
FIGURE 31 MEDICAL ELECTRONICS IMAGE SENSORS MARKET FOR IMAGING DEVICES (ASP IN USD) 81
TABLE 3 MEDICAL ELECTRONICS MARKET: AVERAGE SELLING PRICE OF IMAGE SENSORS FOR IMAGING DEVICES, 2020 VS 2026 81
6.4 LIST OF KEY PATENTS AND INNOVATIONS IN MEDICAL ELECTRONICS MARKET 81
FIGURE 32 YEARLY NUMBER OF PATENTS FOR FLOW SENSORS (2010–2020) 83
TABLE 4 TOP 10 OWNERS OF PATENTS FOR FLOW SENSORS IN US 84
FIGURE 33 TOP 10 COMPANIES SHARE FOR PATENT APPLICATION IN LAST 10 YEARS 84
6.5 TRADE DATA 84
TABLE 5 EXPORT DATA FOR COMPUTER TOMOGRAPHY APPARATUS, HS CODE: 902212 (USD THOUSAND) 85
FIGURE 34 COMPUTER TOMOGRAPHY APPARATUS EXPORT VALUE FOR MAJOR COUNTRIES, 2015–2019 85
TABLE 6 IMPORT DATA FOR COMPUTER TOMOGRAPHY APPARATUS, HS CODE: 902212 (USD THOUSAND) 86
FIGURE 35 COMPUTER TOMOGRAPHY APPARATUS IMPORT VALUE FOR MAJOR COUNTRIES, 2015–2019 86
TABLE 7 EXPORT DATA FOR ELECTRO-CARDIOGRAPHS, HS CODE:
901811 (USD THOUSAND) 87
FIGURE 36 ELECTRO-CARDIOGRAPHS APPARATUS EXPORT VALUE FOR MAJOR COUNTRIES, 2015–2019 87
TABLE 8 IMPORT DATA FOR ELECTRO-CARDIOGRAPHS, HS CODE: 901811
(USD THOUSAND) 88
FIGURE 37 ELECTRO-CARDIOGRAPHS APPARATUS IMPORT VALUE FOR MAJOR COUNTRIES, 2015–2019 88
TABLE 9 EXPORT DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS, HS CODE: 901813 (USD THOUSAND) 89
FIGURE 38 MAGNETIC RESONANCE IMAGING APPARATUS EXPORT VALUE FOR MAJOR COUNTRIES, 2015–2019 89
TABLE 10 IMPORT DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS, HS CODE: 901813 (USD THOUSAND) 90
FIGURE 39 MAGNETIC RESONANCE IMAGING APPARATUS IMPORT VALUE FOR MAJOR COUNTRIES, 2015–2019 90
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6.6 CASE STUDIES: MEDICAL ELECTRONICS MARKET 91
6.6.1 PEAK SENSORS: FAULT-FREE TEMPERATURE SENSORS FOR MEDICAL USE 91
TABLE 11 PEAK SENSORS- TEMPERATURE SENSORS 91
6.6.2 HSI SENSING: PACEMAKER SUCCESS STORY 91
TABLE 12 HSI SENSING- TEMPERATURE SENSORS 91
6.6.3 PROMET OPTICS: OPTICAL SENSOR DEVELOPMENT FOR MEDICAL MONITORING 92
TABLE 13 PROMET OPTICS- OPTICAL SENSORS 92
6.7 REGULATORY LANDSCAPE 92
6.7.1 NORTH AMERICA 92
6.7.1.1 US 92
FIGURE 40 REGULATORY PROCESSES FOLLOWED IN US FOR APPROVAL OF MEDICAL DEVICES 93
6.7.1.2 Canada 94
FIGURE 41 REGULATORY PROCESSES FOLLOWED IN CANADA FOR APPROVAL OF MEDICAL DEVICES 94
6.7.1.3 Europe 95
FIGURE 42 REGULATORY PROCESSES FOLLOWED IN EUROPE FOR APPROVAL OF MEDICAL DEVICES 95
6.7.2 APAC 96
6.7.2.1 Japan 96
FIGURE 43 REGULATORY PROCESSES FOLLOWED IN JAPAN FOR APPROVAL OF MEDICAL DEVICES 96
6.7.2.2 China 97
FIGURE 44 REGULATORY PROCESSES FOLLOWED IN CHINA FOR APPROVAL OF MEDICAL DEVICES 97
6.8 MEDICAL ELECTRONICS MARKET ECOSYSTEM 98
FIGURE 45 MEDICAL ELECTRONICS MARKET: ECOSYSTEM 98
6.9 PORTER’S FIVE FORCES ANALYSIS 98
FIGURE 46 MEDICAL ELECTRONICS MARKET: PORTER’S FIVE FORCES ANALYSIS 99
FIGURE 47 MEDICAL ELECTRONICS MARKET: IMPACT OF FORCES ON MEDICAL ELECTRONICS MARKET 99
TABLE 14 MEDICAL ELECTRONICS MARKET: PORTER’S FIVE FORCES ANALYSIS 100

7 MEDICAL ELECTRONICS MARKET, BY COMPONENT 101
7.1 INTRODUCTION 102
TABLE 15 MEDICAL ELECTRONICS MARKET, BY COMPONENT,
2017–2020 (USD MILLION) 102
FIGURE 48 MEDICAL ELECTRONICS MARKET, BY COMPONENT,
2021 VS. 2026 (USD MILLION) 102
TABLE 16 MEDICAL ELECTRONICS MARKET, BY COMPONENT,
2021–2026 (USD MILLION) 103
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7.2 SENSORS 103
TABLE 17 MEDICAL ELECTRONICS MARKET FOR SENSORS, BY TYPE,
2017–2020 (USD MILLION) 104
TABLE 18 MEDICAL ELECTRONICS MARKET FOR SENSORS, BY TYPE,
2021–2026 (USD MILLION) 104
TABLE 19 MEDICAL ELECTRONICS MARKET FOR SENSORS, BY APPLICATION,
2017–2020 (USD MILLION) 105
TABLE 20 MEDICAL ELECTRONICS MARKET FOR SENSORS, BY APPLICATION,
2021–2026 (USD MILLION) 105
TABLE 21 MEDICAL ELECTRONICS MARKET FOR SENSORS, BY REGION,
2017–2020 (USD MILLION) 106
FIGURE 49 APAC TO GROW AT HIGHEST CAGR IN MEDICAL ELECTRONICS MARKET FOR SENSORS DURING FORECAST PERIOD 106
TABLE 22 MEDICAL ELECTRONICS MARKET FOR SENSORS, BY REGION,
2021–2026 (USD MILLION) 106
7.2.1 TEMPERATURE SENSORS 107
7.2.1.1 Increasing adoption of temperature sensors in anesthesia delivery machines, sleep apnea machines, and digital thermometers to propel market growth 107
TABLE 23 MEDICAL ELECTRONICS TEMPERATURE SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2017–2020 (USD THOUSAND) 107
TABLE 24 MEDICAL ELECTRONICS TEMPERATURE SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2021–2026 (USD THOUSAND) 107
TABLE 25 MEDICAL ELECTRONICS TEMPERATURE SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2017–2020 (UNITS) 108
TABLE 26 MEDICAL ELECTRONICS TEMPERATURE SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2021–2026 (UNITS) 108
7.2.2 PRESSURE SENSORS 108
7.2.2.1 Increasing demand for pressure sensors in respiratory devices and drug delivery systems 108
TABLE 27 MEDICAL ELECTRONICS PRESSURE SENSOR MARKET FOR MONITORING DEVICES, BY TYPE, 2017–2020 (USD MILLION) 109
TABLE 28 MEDICAL ELECTRONICS PRESSURE SENSOR MARKET FOR MONITORING DEVICES, BY TYPE, 2021–2026 (USD MILLION) 109
7.2.3 BLOOD GLUCOSE SENSORS 110
7.2.3.1 Increasing deployment of blood glucose sensors on continuous glucose monitoring (CGM) system to propel market growth 110
7.2.4 BLOOD OXYGEN SENSORS 110
7.2.4.1 Increasing deployment of blood oxygen sensors on hemodynamic monitors to propel market growth 110
TABLE 29 MEDICAL ELECTRONICS BLOOD OXYGEN SENSOR MARKET FOR MONITORING DEVICES, BY TYPE, 2017–2020 (USD MILLION) 110
TABLE 30 MEDICAL ELECTRONICS BLOOD OXYGEN SENSOR MARKET FOR MONITORING DEVICES, BY TYPE, 2021–2026 (USD MILLION) 111
7.2.5 ECG SENSORS 111
7.2.5.1 Increasing demand for cardiovascular medical devices to propel demand 111
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7.2.6 IMAGE SENSORS 111
7.2.6.1 Increasing demand for digital X-ray, laboratory equipment, and advanced endoscopy products to fuel demand 111
TABLE 31 MEDICAL ELECTRONICS IMAGE SENSOR MARKET FOR IMAGING DEVICES,
BY TYPE, 2017–2020 (USD MILLION) 112
FIGURE 50 NUCLEAR IMAGING SYSTEMS TO GROW AT HIGHEST CAGR IN MEDICAL ELECTRONICS MARKET FOR IMAGE SENSORS DURING FORECAST PERIOD 112
TABLE 32 MEDICAL ELECTRONICS IMAGE SENSOR MARKET FOR IMAGING DEVICES,
BY TYPE, 2021–2026 (USD MILLION) 113
7.2.7 FLOW SENSORS 113
7.2.7.1 COVID-19 resulted in surge in demand for flow sensors 113
TABLE 33 MEDICAL ELECTRONICS FLOW SENSOR MARKET, BY TYPE,
2017–2020 (USD MILLION) 113
TABLE 34 MEDICAL ELECTRONICS FLOW SENSOR MARKET, BY TYPE,
2021–2026 (USD MILLION) 114
TABLE 35 MEDICAL ELECTRONICS VENTILATOR SENSOR MARKET, BY TYPE,
2017–2020 (USD MILLION) 114
TABLE 36 MEDICAL ELECTRONICS VENTILATOR SENSOR MARKET, BY TYPE,
2021–2026 (USD MILLION) 114
7.2.8 MOTION SENSORS 114
7.2.8.1 Technological advancements in MEMS sensors to propel demand for motion sensors 114
TABLE 37 MEDICAL ELECTRONICS MOTION SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2017–2020 (USD MILLION) 115
TABLE 38 MEDICAL ELECTRONICS MOTION SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2021–2026 (USD MILLION) 115
TABLE 39 MEDICAL ELECTRONICS MOTION SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2017–2020 (MILLION UNITS) 116
TABLE 40 MEDICAL ELECTRONICS MOTION SENSOR MARKET FOR IMAGING DEVICES, BY TYPE, 2021–2026 (MILLION UNITS) 116
7.2.9 HEART RATE SENSORS 116
7.2.9.1 Increasing adoption of multi-para monitors and personal activity monitors to drive market 116
TABLE 41 MEDICAL ELECTRONICS HEART RATE SENSOR MARKET FOR MONITORING DEVICES, BY TYPE, 2017–2020 (USD MILLION) 117
TABLE 42 MEDICAL ELECTRONICS HEART RATE SENSOR MARKET FOR MONITORING DEVICES, BY TYPE, 2021–2026 (USD MILLION) 117
7.2.10 PIEZO FILM SENSORS 117
7.2.10.1 Rising cases of sleep apnea could boost demand for piezo
film sensors 117
7.2.11 POSITION SENSORS 118
7.2.11.1 Growing demand for medical imaging devices could result in
high demand 118
7.3 BATTERIES 118
TABLE 43 MEDICAL ELECTRONICS MARKET FOR BATTERIES, BY TYPE,
2017–2020 (USD MILLION) 118
FIGURE 51 LITHIUM BATTERIES TO HOLD LARGEST MARKET IN MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 119
TABLE 44 MEDICAL ELECTRONICS MARKET FOR BATTERIES, BY TYPE,
2021–2026 (USD MILLION) 119
TABLE 45 MEDICAL ELECTRONICS MARKET FOR BATTERIES, BY APPLICATION,
2017–2020 (USD MILLION) 120
TABLE 46 MEDICAL ELECTRONICS MARKET FOR BATTERIES, BY APPLICATION,
2021–2026 (USD MILLION) 120
TABLE 47 MEDICAL ELECTRONICS MARKET FOR BATTERIES, BY REGION,
2017–2020 (USD MILLION) 120
TABLE 48 MEDICAL ELECTRONICS MARKET FOR BATTERIES, BY REGION,
2021–2026 (USD MILLION) 121
7.3.1 LITHIUM-ION (LI-ION) BATTERIES 121
7.3.1.1 Increasing demand for portable medical devices to boost demand for lithium-ion batteries 121
7.3.2 LEAD-ACID BATTERIES 121
7.3.2.1 Characteristics such as longer battery life and higher power supply to propel growth of lead-acid batteries in medical electronics 121
7.3.3 ZINC-AIR BATTERIES 122
7.3.3.1 Benefits such as high energy density and longer battery cycle to propel growth 122
7.3.4 OTHERS 122
7.3.4.1 Nickel-cadmium (Ni-Cd) batteries 122
7.3.4.2 Nickel-metal Hydride (NiMH) Batteries 122
7.3.4.3 Alkaline-manganese Batteries 123
7.4 MEMORY CHIPS 123
TABLE 49 MEDICAL ELECTRONICS MARKET FOR MEMORY CHIPS, BY APPLICATION, 2017–2020 (USD MILLION) 123
FIGURE 52 MEDICAL IMAGING APPLICATION TO HOLD LARGEST MARKET IN MEDICAL ELECTRONICS MARKET DURING FORECAST PERIOD 124
TABLE 50 MEDICAL ELECTRONICS MARKET FOR MEMORY CHIPS, BY APPLICATION, 2021–2026 (USD MILLION) 124
TABLE 51 MEDICAL ELECTRONICS MEMORY CHIP MARKET FOR IMAGING DEVICES,
BY TYPE, 2017–2020 (USD MILLION) 125
TABLE 52 MEDICAL ELECTRONICS MEMORY CHIP MARKET FOR IMAGING DEVICES,
BY TYPE, 2021–2026 (USD MILLION) 125
TABLE 53 MEDICAL ELECTRONICS MEMORY CHIP MARKET FOR MONITORING DEVICES, BY TYPE, 2017–2020 (USD MILLION) 125
FIGURE 53 RESPIRATORY MONITORING DEVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD FOR MEMORY CHIPS 126
TABLE 54 MEDICAL ELECTRONICS MEMORY CHIP MARKET FOR MONITORING DEVICES, BY TYPE, 2021–2026 (USD MILLION) 126
TABLE 55 MEDICAL ELECTRONICS MARKET FOR MEMORY CHIPS, BY REGION,
2017–2020 (USD MILLION) 127
TABLE 56 MEDICAL ELECTRONICS MARKET FOR MEMORY CHIPS, BY REGION,
2021–2026 (USD MILLION) 127
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7.4.1 FLASH MEMORY 127
7.4.1.1 Increasing adoption of flash memory in digital X-ray, sonogram, ultrasound, fetal monitoring, metering, data logging, and cardiac monitoring devices 127
7.4.2 SDRAM 128
7.4.2.1 Increasing adoption of SDRAM in medical equipment or life support systems such as artificial life support devices, surgical implantations, and healthcare intervention systems 128
7.4.3 EEPROM 128
7.4.3.1 Increasing demand for portable medical devices equipped with non-volatile memory to store data to accelerate market growth 128
7.4.4 FRAM 129
7.4.4.1 Smaller form factor and lower power consumption major factors driving growth 129
7.5 DISPLAYS 129
TABLE 57 MEDICAL ELECTRONICS MARKET FOR DISPLAYS, BY APPLICATION,
2017–2020 (USD MILLION) 129
FIGURE 54 FLOW MEASUREMENTS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD FOR DISPLAYS 130
TABLE 58 MEDICAL ELECTRONICS MARKET FOR DISPLAYS, BY APPLICATION,
2021–2026 (USD MILLION) 130
TABLE 59 MEDICAL ELECTRONICS DISPLAY MARKET, BY REGION,
2017–2020 (USD MILLION) 130
TABLE 60 MEDICAL ELECTRONICS DISPLAY MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 131
7.5.1 TFT LCD DISPLAYS 131
7.5.1.1 Increasing use of digital imaging devices with higher resolution displays to boost demand for TFT-LCD displays 131
7.5.2 OLED DISPLAYS 131
7.5.2.1 OLED displays to witness strong growth owing to benefits such as high resolution and minimum motion blur 131
7.5.3 LED DISPLAYS 132
7.5.3.1 LED displays to witness robust demand in diagnostic and surgical medical equipment 132
7.6 MICROPROCESSORS/MICROCONTROLLERS 132
TABLE 61 MEDICAL ELECTRONICS MARKET FOR MCUS/MPUS, BY APPLICATION, 2017–2020 (USD MILLION) 132
TABLE 62 MEDICAL ELECTRONICS MARKET FOR MCUS/MPUS, BY APPLICATION, 2021–2026 (USD MILLION) 133
TABLE 63 MEDICAL ELECTRONICS MUC/MPU MARKET FOR IMAGING DEVICES,
BY TYPE, 2017–2020 (USD MILLION) 133
TABLE 64 MEDICAL ELECTRONICS MCU/MPU MARKET FOR IMAGING DEVICES,
BY TYPE, 2021–2026 (USD MILLION) 134
TABLE 65 MEDICAL ELECTRONICS MCU/MPU MARKET FOR MONITORING DEVICES,
BY TYPE, 2017–2020 (USD MILLION) 134
TABLE 66 MEDICAL ELECTRONICS MCU/MPU MARKET FOR MONITORING DEVICES,
BY TYPE, 2021–2026 (USD MILLION) 134
TABLE 67 MEDICAL ELECTRONICS MARKET FOR MCUS/MPUS, BY REGION,
2017–2020 (USD MILLION) 135
TABLE 68 MEDICAL ELECTRONICS MARKET FOR MCUS/MPUS, BY REGION,
2021–2026 (USD MILLION) 135
7.6.1 MICROPROCESSOR UNITS 135
7.6.1.1 Decreasing cost of microprocessors to fuel market growth 135
7.6.2 MICROCONTROLLER UNITS 136
7.6.2.1 Rising demand for portable medical devices to trigger market growth 136
7.6.3 APPLICATION-SPECIFIC INTEGRATED CIRCUITS 136
7.6.3.1 Technological advancements in medical devices to accelerate demand for ASICs 136
7.6.4 FIELD-PROGRAMMABLE GATE ARRAYS 136
7.6.4.1 Benefits such as low cost and smaller design specifications to propel demand for FPGAs 136

8 MEDICAL ELECTRONICS MARKET, BY END-USER PRODUCT 137
8.1 INTRODUCTION 138
TABLE 69 MEDICAL ELECTRONICS MARKET, BY END-USER PRODUCT,
2017–2020 (USD MILLION) 138
FIGURE 55 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 138
TABLE 70 MEDICAL ELECTRONICS MARKET, BY END-USER PRODUCT,
2021–2026 (USD MILLION) 139
8.2 DIAGNOSTIC IMAGING DEVICES 139
TABLE 71 MEDICAL ELECTRONICS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY COMPONENT, 2017–2020 (USD MILLION) 139
TABLE 72 MEDICAL ELECTRONICS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY COMPONENT, 2021–2026 (USD MILLION) 140
TABLE 73 MEDICAL ELECTRONICS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY TYPE, 2017–2020 (USD MILLION) 140
FIGURE 56 NUCLEAR IMAGING DEVICES TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 141
TABLE 74 MEDICAL ELECTRONICS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY TYPE, 2021–2026 (USD MILLION) 141
8.2.1 MRI SCANNERS 142
8.2.1.1 Increasing demand for strong magnetic field MRI scanners 142
8.2.2 X-RAY SCANNERS 142
8.2.2.1 Technological advancements in high-quality images to boost demand for X-ray scanners 142
8.2.3 CT SCANNERS 142
8.2.3.1 Rising demand for CT scanners from hospitals, clinics, and acute coronary syndrome (ASCs) to propel demand during forecast period 142
8.2.4 ULTRASOUND SCANNERS 143
8.2.4.1 Increasing incidence of diagnostic ultrasound or diagnostic medical sonography to propel demand for ultrasound scanners 143
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8.2.5 NUCLEAR IMAGING SYSTEMS 143
8.2.5.1 PET Scanners 143
8.2.5.1.1 PET Scanners to witness high growth due to increasing adoption in large hospitals 143
8.2.5.2 SPECT Scanners 144
8.2.5.2.1 High diagnostic accuracy and low cost of SPECT procedures to propel market growth 144
8.2.6 ENDOSCOPY 144
8.2.6.1 Technological advancements and recent breakthroughs in Endoscopy to drive market in coming years 144
8.3 PATIENT MONITORING DEVICES 144
TABLE 75 MEDICAL ELECTRONICS MARKET FOR PATIENT MONITORING DEVICES,
BY COMPONENT, 2017–2020 (USD MILLION) 145
FIGURE 57 MEMORY CHIPS FOR PATIENT MONITORING DEVICES TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 145
TABLE 76 MEDICAL ELECTRONICS MARKET FOR PATIENT MONITORING DEVICES,
BY COMPONENT, 2021–2026 (USD MILLION) 146
TABLE 77 MEDICAL ELECTRONICS MARKET FOR PATIENT MONITORING DEVICES,
BY TYPE, 2017–2020 (USD MILLION) 146
TABLE 78 MEDICAL ELECTRONICS MARKET FOR PATIENT MONITORING DEVICES,
BY TYPE, 2021–2026 (USD MILLION) 146
8.3.1 CARDIAC MONITORS 147
8.3.1.1 ECG/EKG monitors 147
8.3.1.2 Heart rate monitors 147
8.3.1.3 Doppler fetal monitors 148
8.3.2 HEMODYNAMIC MONITORS 148
8.3.2.1 Blood pressure monitors 148
8.3.2.2 Blood glucose monitors 148
8.3.2.3 Blood gas monitors 149
8.3.3 RESPIRATORY MONITORS 149
8.3.3.1 Pulse oximeters 149
8.3.3.2 Continuous positive airway pressure (CPAP)devices 149
8.3.3.3 Sleep apnea monitors 149
8.3.3.4 Anesthesia monitors 150
8.3.4 MULTIPARA MONITORS 150
8.3.4.1 Multipara monitors to witness high growth during forecast period due to increasing demand for pulse rate and blood pressure monitoring 150
8.3.5 DIGITAL THERMOMETERS 150
8.3.5.1 Increasing demand for digital thermometers equipped with beep alarms and memory functions to accelerate market growth 150
8.4 MEDICAL IMPLANTABLE DEVICES 151
TABLE 79 MEDICAL ELECTRONICS MARKET FOR IMPLANTABLE DEVICES, BY TYPE, 2017–2020 (USD MILLION) 151
FIGURE 58 IMPLANTABLE LOOP RECORDERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 151
TABLE 80 MEDICAL ELECTRONICS MARKET FOR IMPLANTABLE DEVICES, BY TYPE, 2021–2026 (USD MILLION) 152
TABLE 81 MEDICAL ELECTRONICS MARKET FOR MEDICAL IMPLANTABLE DEVICES,
BY COMPONENT, 2017–2020 (USD MILLION) 152
TABLE 82 MEDICAL ELECTRONICS MARKET FOR MEDICAL IMPLANTABLE DEVICES,
BY COMPONENT, 2021–2026 (USD MILLION) 153
8.4.1 PACEMAKERS 153
8.4.1.1 Rising demand for implantable cardiac pacemakers to propel growth of pacemakers 153
8.4.2 IMPLANTABLE CARDIOVERTER DEFIBRILLATORS 153
8.4.2.1 Single-chamber implantable cardioverter defibrillators to account for substantial market share during forecast period 153
8.4.3 IMPLANTABLE LOOP RECORDERS 154
8.4.3.1 Increasing popularity of implantable loop recorders for long-term monitoring of patients with suspected arrhythmia or atrial fibrillation to boost market growth 154
8.4.4 SPINAL CORD STIMULATORS 154
8.4.4.1 Rising adoption of spinal cord stimulator by patients with chronic and severe neuropathic pain 154
8.4.5 GASTRIC ELECTRIC STIMULATORS 154
8.4.5.1 Rising incidence of patients suffering from gastroparesis and diabetes to propel market growth 154
8.5 VENTILATORS AND RGM EQUIPMENT 155
8.5.1 THE RECENT OUTBREAK OF COVID-19 HAS LED TO A SUDDEN SPIKE IN DEMAND FOR VENTILATORS AND RGM EQUIPMENTS 155
TABLE 83 MEDICAL ELECTRONICS MARKET FOR VENTILATORS AND RGM EQUIPMENT, BY COMPONENT, 2017–2020 (USD MILLION) 155
TABLE 84 MEDICAL ELECTRONICS MARKET FOR VENTILATORS AND RGM EQUIPMENT, BY COMPONENT, 2021–2026 (USD MILLION) 155
8.6 OTHER DEVICES 156
TABLE 85 MEDICAL ELECTRONICS MARKET FOR OTHER DEVICES, BY COMPONENT, 2017–2020 (USD MILLION) 156
TABLE 86 MEDICAL ELECTRONICS MARKET FOR OTHER DEVICES, BY COMPONENT, 2021–2026 (USD MILLION) 156
9 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE 157
9.1 INTRODUCTION 158
TABLE 87 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE,
2017–2020 (USD MILLION) 158
FIGURE 59 NON-INVASIVE MEDICAL ELECTRONICS TO ACCOUNT FOR LARGEST MARKET SIZE IN 2021 158
TABLE 88 MEDICAL ELECTRONICS MARKET, BY MEDICAL PROCEDURE,
2021–2026 (USD MILLION) 159
9.2 NON-INVASIVE PROCEDURE 159
9.2.1 INCREASING DEMAND FOR WEARABLES TO BOOST DEMAND FOR NON-INVASIVE MEDICAL PROCEDURE 159
TABLE 89 MEDICAL ELECTRONICS MARKET FOR NON-INVASIVE PROCEDURE,
BY COMPONENT, 2017–2020 (USD MILLION) 159
TABLE 90 MEDICAL ELECTRONICS MARKET FOR NON-INVASIVE PROCEDURE,
BY COMPONENT, 2021–2026 (USD MILLION) 160
TABLE 91 MEDICAL ELECTRONICS MARKET FOR NON-INVASIVE PROCEDURE,
BY REGION, 2017–2020 (USD MILLION) 160
FIGURE 60 AMERICAS TO ACCOUNT FOR LARGEST MARKET SHARE FOR NON-INVASIVE PROCEDURE DURING FORECAST PERIOD 161
TABLE 92 MEDICAL ELECTRONICS MARKET FOR NON-INVASIVE PROCEDURE,
BY REGION, 2021–2026 (USD MILLION) 161
9.3 MINIMALLY INVASIVE PROCEDURE 161
9.3.1 TECHNOLOGICAL ADVANCEMENTS IN MINIMALLY INVASIVE PROCEDURES TO LEAD MARKET GROWTH 161
TABLE 93 MEDICAL ELECTRONICS MARKET FOR MINIMALLY INVASIVE IMAGING PROCEDURE, BY COMPONENT, 2017–2020 (USD MILLION) 162
TABLE 94 MEDICAL ELECTRONICS MARKET FOR MINIMALLY INVASIVE IMAGING PROCEDURE, BY COMPONENT, 2021–2026 (USD MILLION) 162
TABLE 95 MEDICAL ELECTRONICS MARKET FOR MINIMALLY INVASIVE PROCEDURE,
BY REGION, 2017–2020 (USD MILLION) 162
TABLE 96 MEDICAL ELECTRONICS MARKET FOR MINIMALLY INVASIVE PROCEDURE,
BY REGION, 2021–2026 (USD MILLION) 163
9.4 INVASIVE PROCEDURE 163
9.4.1 IMPROVING OPEN SURGERY PROCEDURES TO BOOST DEMAND FOR INVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD 163
TABLE 97 MEDICAL ELECTRONICS MARKET FOR INVASIVE PROCEDURE,
BY COMPONENT, 2017–2020 (USD MILLION) 163
FIGURE 61 SENSORS TO ACCOUNT FOR LARGEST MARKET SHARE FOR INVASIVE PROCEDURE DURING FORECAST PERIOD 164
TABLE 98 MEDICAL ELECTRONICS MARKET FOR INVASIVE PROCEDURE,
BY COMPONENT, 2021–2026 (USD MILLION) 164
TABLE 99 MEDICAL ELECTRONICS MARKET FOR INVASIVE PROCEDURE, BY REGION, 2017–2020 (USD MILLION) 165
TABLE 100 MEDICAL ELECTRONICS MARKET FOR INVASIVE PROCEDURE, BY REGION, 2021–2026 (USD MILLION) 165

10 MEDICAL ELECTRONICS MARKET, BY MEDICAL DEVICE CLASSIFICATION 166
10.1 INTRODUCTION 167
TABLE 101 MEDICAL ELECTRONICS MARKET, BY DEVICE CLASSIFICATION,
2017–2020 (USD MILLION) 167
FIGURE 62 MEDICAL ELECTRONICS MARKET FOR CLASS II DEVICES TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 167
TABLE 102 MEDICAL ELECTRONICS MARKET, BY DEVICE CLASSIFICATION,
2021–2026 (USD MILLION) 168
TABLE 103 SENSORS CLASSIFICATION ON THE BASIS OF CLASS I–III MEDICAL DEVICES, ACCORDING TO FDA GUIDELINES FOR MEDICAL DEVICES CATEGORIZATION 168
10.2 CLASS I 169
10.3 CLASS II 169
10.4 CLASS III 169