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US Medical Electronics Market (2022-2027) by Component, End-User Product, Medical Procedure, Medical Device Classification, Application, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 173 Pages
  • March 2022
  • Infogence Global Research
  • ID: 5585910
The US Medical Electronics Market is estimated to be USD 1.428 Bn in 2022 and is projected to reach USD 2.01 Bn by 2027, growing at a CAGR of 7.1%.

Market dynamics are forces that impact the prices and behaviors of the US Medical Electronics Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The US Medical Electronics Market is segmented based on Component, End-User Product, Medical Procedure, Medical Device Classification, and Application
  • By Component, the market is classified into Sensors, Batteries, Memory Chips, Displays, and Microprocessors/Microcontrollers.
  • By End-User Product, the market is classified into Diagnostic Imaging Devices, Patient Monitoring Devices, Medical Implantable Devices, Ventilators and RGM Equipment, and Other Devices.
  • By Medical Procedure, the market is classified into Non-Invasive Procedure, Minimally Invasive Procedure, and Invasive Procedure.
  • By Medical Device Classification, the market is classified into Class I, Class II, and Class III.
  • By Application, the market is classified into Medical Imaging, Patient Monitoring, Clinical, Diagnostic, And Therapeutics, Cardiology, Flow Measurements, and Others.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are 3M Healthcare, Analog Devices Inc, B. Braun Melsungen AG, Baxter International Inc, Becton, Dickinson and Company, Boston Scientific Corp, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Medical Electronics Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Medical Electronics Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Medical Electronics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Rising Healthcare Spending and Ever-Changing Healthcare Landscape
4.1.2 Increasing Adoption of Iot-Based Smart Medical Devices
4.1.3 Escalating Demand for Portable Medical Devices and Wearable Electronics
4.1.4 Growing Use of Radiation Therapy in Diagnosis and Treatment of Diseases
4.1.5 Existing Favorable Healthcare Reforms and Financial Assistance by Governments for Senior Citizens
4.2 Restraints
4.2.1 Designing Compatible Medical Electronics and Establishment of Connected Ecosystem
4.2.2 Rising Maintenance and Refurbishment Costs of Medical Electronics
4.3 Opportunities
4.3.1 Untapped Potential in Developing Countries
4.3.2 Advances in Sensors and Digital Technologies
4.3.3 Positive Growth Outlook in Healthcare Sector
4.3.4 IoT Leading Way for Remote Connectivity
4.4 Challenges
4.4.1 Stringent Regulatory Processes and Increased Testing Requirements for Product Approval
4.4.2 Cybersecurity Risks Posed by Proliferation of Connected Medical Devices
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US Medical Electronics Market, By Component
6.1 Introduction
6.2 Sensors
6.2.1 Temperature Sensors
6.2.2 Pressure Sensors
6.2.3 Blood Glucose Sensors
6.2.4 Blood Oxygen Sensors
6.2.5 ECG Sensors
6.2.6 Image Sensors
6.2.7 Flow Sensors
6.2.8 Motion Sensors
6.2.9 Heart Rate Sensors
6.2.10 Piezo Film Sensors
6.2.11 Position Sensors
6.2.12 Others
6.3 Batteries
6.3.1 Lithium-Ion (Li-Ion) Batteries
6.3.2 Lead-Acid Batteries
6.3.3 Zinc-Air Batteries
6.3.4 Others
6.4 Memory Chips
6.4.1 Flash Memory
6.4.2 SDRAM
6.4.3 EEPROM
6.4.4 FRAM
6.5 Displays
6.5.1 TFT LCD Displays
6.5.2 OLED Displays
6.5.3 LED Displays
6.6 Microprocessors/Microcontrollers
6.6.1 Microprocessor Units
6.6.2 Microcontroller Units
6.6.3 Application-Specific Integrated Circuits
6.6.4 Field-Programmable Gate Arrays
7 US Medical Electronics Market, By End-User Product
7.1 Introduction
7.2 Diagnostic Imaging Devices
7.2.1 MRI Scanners
7.2.2 X-Ray Scanners
7.2.3 Ct Scanners
7.2.4 Ultrasound Scanners
7.2.5 Nuclear Imaging Systems PET Scanners SPECT Scanners
7.2.6 Endoscopy
7.3 Patient Monitoring Devices
7.3.1 Cardiac Monitors
7.3.2 Hemodynamic Monitors
7.3.3 Respiratory Monitor
8 US Medical Electronics Market, By Medical Procedure
8.1 Introduction
8.2 Non-Invasive Procedure
8.3 Minimally Invasive Procedure
8.4 Invasive Procedure
9 US Medical Electronics Market, By Medical Device Classification
9.1 Introduction
9.2 Class I
9.3 Class II
9.4 Class III
10 US Medical Electronics Market, By Application
10.1 Introduction
10.2 Medical Imaging
10.3 Patient Monitoring
10.4 Clinical, Diagnostic, And Therapeutics
10.5 Cardiology
10.6 Flow Measurements
10.7 Others
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 3M Healthcare
12.2 Analog Devices Inc
12.3 B. Braun Melsungen AG
12.4 Baxter International Inc
12.5 Becton, Dickinson and Company
12.6 Boston Scientific Corp
12.7 Cardinal Healthcare Cirtec Medical Corp (Cactus Semiconductor)
12.8 EDDA technology Inc
12.9 Freescale Semiconductor Inc
12.10 FUJIFILM Medical Systems
12.11 GE Healthcare
12.12 Hitachi High Technologies Corp
12.13 Hologic Inc
12.14 iCAD Inc
12.15 Innovative Sensor Technology (Ist Ag)
12.16 Maxim Integrated
12.17 McKesson Corp
12.18 NXP Semiconductors NV
12.19 Philips Healthcare
12.20 Renesas Electronics Corp
12.21 Sensirion AG.
12.22 Siemens Healthcare
12.23 STMicroelectronics NV
12.24 Stryker
12.25 TE Connectivity
12.26 Tekscan Inc
12.27 Texas Instruments Inc
12.28 Toshiba medical systems Corp
12.29 Vucomp Inc
13 Appendix
13.1 Questionnaire

Companies Mentioned

  • 3M Healthcare
  • Analog Devices Inc
  • B. Braun Melsungen AG
  • Baxter International Inc
  • Becton, Dickinson and Company
  • Boston Scientific Corp
  • Cardinal Healthcare Cirtec Medical Corp (Cactus Semiconductor)
  • EDDA technology Inc
  • Freescale Semiconductor Inc
  • FUJIFILM Medical Systems
  • GE Healthcare
  • Hitachi High Technologies Corp
  • Hologic Inc
  • iCAD Inc
  • Innovative Sensor Technology (Ist Ag)
  • Maxim Integrated
  • McKesson Corp
  • NXP Semiconductors NV
  • Philips Healthcare
  • Renesas Electronics Corp
  • Sensirion AG.
  • Siemens Healthcare
  • STMicroelectronics NV
  • Stryker
  • TE Connectivity
  • Tekscan Inc
  • Texas Instruments Inc
  • Toshiba medical systems Corp
  • Vucomp Inc