Increasing adoption for medical electronic equipment due to the advent of innovative and cost-effective devices to majorly drive the market growth
The medical electronics market is estimated to grow from its current market value of more than $73.3 billion to over $169 billion by 2025, according to the latest study by Global Market Insights, Inc.
The study noted rising adoption of technologically advanced medical electronic devices in emerging economies such as India and China will significantly boost the industry growth during the analysis period.
Availability of medical equipment and devices on lease will also escalate its demand among healthcare professionals thereby positively influencing the industry growth, it said.
Favourable FDI policies to increase adoption
Moreover, the study also estimated that several government initiatives and favourable FDI policies will trigger the adoption of these devices among the healthcare professionals.
However, at the same time, stringent regulations enforced on the companies involved in manufacturing of medical electronic devices may restrain the industry growth in the forthcoming years, as per the study report.
Key industry players operational in medical electronics industry include Allengers Medical, Boston Scientific, Carestream Health, FUJIFILM Medical Systems, GE Healthcare, Hitachi High Technologies, Corporation Maxim Integrated, Medtronic, Olympus Corp., Philips Healthcare and others.
