The United States medical electronics market is expected to grow at a significant rate during the forecast period. The surge in life expectancy of people is raising the presence of the old age population in the United States. Old age people are more vulnerable to getting affected by various diseases as they have lower immunity power than the youth population who require effective treatment and thereby fueling the growth of the medical electronics market. Strong economic position of the United States and well-developed healthcare infrastructure is influencing the medical electronics market growth. The growing need for lighter, smaller, and highly portable medical devices which are more efficient and are cost-effective in nature is expected to boost the growth of the medical electronics market. The surge in the use of miniaturization technology in electronic medical devices coupled with rising in the number of connected medical devices is expected to foster market growth. The presence of favorable reimbursement policies to promote the healthcare sector and rise in disposable income among the consumers is enabling them to demand quality treatment. The industrial revolution has bought digitalization of the manufacturing process of electronic medical devices with the usage of emerging technologies such as robotics, artificial intelligence, machine learning, and the internet of things to produce advanced medical electronics and collect the data for analysis purposes.
United States medical electronics market is segmented into product type, end-user, regional distribution, and company. Based on end-user, the market can be further divided into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment is expected to hold a major market share for the forecast period, 2023-2027, due to the presence of well-developed healthcare facilities and skilled medical professionals in the hospitals. Huge patient in-flow into the hospitals along with supportive government policies is further expected to boost the growth of this segment.
The major players operating in the United States medical electronics market are Siemens Medical Solutions USA Inc., Philips Healthcare (USA), Boston Scientific Corporation, Medtronic USA, Inc., GE Healthcare, Canon U.S.A. Inc., Johnson & Johnson, Zoll Medical Corporation, Integers Holding Corporation, Cala Health, Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze the historical growth of the market size of United States medical electronics market from 2017 to 2020.
- To estimate and forecast the market size of United States medical electronics market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast United States medical electronics market based on product type, end user, regional distribution, and company.
- To identify dominant region or segment in the United States medical electronics.
- To identify drivers and challenges for United States medical electronics market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States medical electronics market.
- To identify and analyze the profile of leading players operating in United States medical electronics market.
- To identify key sustainable strategies adopted by market players in United States medical electronics market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Medical electronics manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to medical electronics market.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type · End User |
| Regional scope | South-West, Mid-West, North-East |
| Key companies profiled | Siemens Medical Solutions USA Inc., Philips Healthcare (USA), Boston Scientific Corporation, Medtronic USA, Inc., GE Healthcare, Canon U.S.A. Inc., Johnson & Johnson, Zoll Medical Corporation, Integers Holding Corporation, Cala Health, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
