Hospitals segment to dominate the United States Medical Electronics Market
Rise in number of diagnostic
imaging centres and hospitals is expected to drive the demand for United States
medical electronics market for the forecast period.
According to TechSci Research report, “United
States Medical Electronics Market By Product Type (Diagnostics v/s
Therapeutics) By End User (Hospitals, Ambulatory Surgical Centers, Clinics,
Others) By Company, By Region, Forecast & Opportunities, 2026”, The United
States medical electronics market is expected to witness significant growth for
the next five years. Growing adoption of advanced diagnostic imaging modalities
and rise in demand for effective diagnostic procedures is expected to drive the
medical electronics market for the forecast period. Increasing geriatric
population and rise in the number of associated diseases is expected to
influence the growth of the medical electronics market. Increase in prevalence
of respiratory diseases due to lifestyle changes and growing environmental
pollution is expected to boost the therapeutic treatment. Huge number of people
suffer from chronic obstructive pulmonary disease in United States and requires
effective respiratory care devices for quick treatment and faster recovery.
High demand for imaging equipment in healthcare facilities as it provides
visual representation of the internal body to facilitate diagnosis and
treatment of the body. Launch of portable and handheld medical devices by the
major market players is expected to spur the growth of the medical electronics
market. Handheld devices such as oximeters, ultrasound systems, thermometers
and glucometers are in high demand in United States for purpose of quick
diagnosis at home and take necessary steps for treatment in case of emergency. Rise
in demand for minimally invasive surgeries and treatment as they require
shorter hospital stays, leave fewer scars by reducing the size of incision and
have faster recovery time is contributing significantly to accelerate the
growth of the medical electronics market.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in United States imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing which created lucrative opportunities
for the growth of the medical electronics market. United States authorities
increased the capacity of hospitals as a greater number of patients were
getting affected daily and getting admitted into the hospital facilities. The
demand for critical care devices increased during this period. Disruption in
the supply chain was observed and shortage of ventilators was found due to huge
demand from healthcare industry. High demand for imaging systems, respiratory
care devices and patient monitoring systems is fueling the market growth during
this period. Collaborations between the healthcare and non-healthcare
industries to increase the production of medical electronics is expected to
foster the growth of the medical electronics market.
However, strict regulation and policies may create
hindrance in the growth of the medical electronics market.
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United
States medical electronics market is segmented into product type, end user, regional
distribution, and company.
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. are the leading players operating in United States medical
electronics market. Manufacturers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving customer
demand with respect to better efficiency and durability, several medical
electronics manufacturers are coming up with their technologically advanced
offerings.
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“Market
players are investing huge amounts for development of medical electronics by
advancement of sensors and develop of digital technology to create lucrative
opportunities for the growth of the market. Implementation of internet of
medical things (IoMT) which is a connected infrastructure of software
applications, medical devices and health systems and services as the need for
real-time monitoring of patients is on rise to get more effective results of
medical treatment. Proliferation of smart devices equipped with advanced
communication and computational technology to enable remote monitoring of
patients and collection of data to provide effective treatment to patients is
expected to propel the medical electronics market growth until 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States Medical
Electronics Market By Product Type (Diagnostics v/s Therapeutics) By End User
(Hospitals, Ambulatory Surgical Centers, Clinics, Others) By Company, By
Region, Forecast & Opportunities, 2026” has
evaluated the future growth potential of United States medical electronics
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of United States medical
electronics market.
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