Capacitors for Medical Electronics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Increasing Medical Electronics Market to Giving Boost to Capacitors for Medical Electronics Market

The capacitors for medical electronics market worldwide is estimated to grow with a CAGR of 6.9% through the forecast period starting from 2021 to 2029. Medical electronics market worldwide is observing continued growth over the past few years with more than 3.8% growth rate every year. Technological advancements in medical devices and growing healthcare awareness worldwide is giving boost to medical electronics market, which is giving boost to capacitors for medical electronics market. Capacitors are used in various medical electronics devices such as magnetic resonance imaging, x-ray machines and others. Increasing demand for diagnostics devices worldwide is giving boost to capacitors for medical electronics market. As a result of all these factors, we are expecting the market to grow with a rapid pace during the forecast period.

Therapeutic to be the Fastest-Growing Segment

The capacitors for medical electronics market by application is segmented into therapeutics and diagnostics segments. The therapeutic segment will be the fastest-growing segment owing to growing cardiovascular and neurological diseases. Rapid advancements in therapeutics medical electronics market such as in implantable defibrillators devices are giving boost to the segment. Favorable demographic developments in North American and European countries for therapeutic devices is giving boost to the segment. Due to all these factors, we are expecting the therapeutic segment to grow rapidly during the forecast period.

North America to Continue Leading the Market

Capacitors for medical electronics devices market is dominated by North America. In 2020, the market here accounted for more than 40% of the global revenue. The market here majorly governed by the U.S. due to high spending on medical electronic devices. The U.S. is among the pioneers in these devices and enjoys presence of numerous major medical devices providers. Owing to these factors, we are expecting North America to continue leading the capacitors for medical electronic devices market. However, Asia Pacific is set to demonstrate the highest CAGR in the market in years to come. Susceptible chronic diseases and infections owing to rising elderly population in the region is the major factor driving the medical electronics devices market growth.

Some of the prominent players operating in the capacitors for medical electronics market Vishay Intertechnology, AVX Corporation, Greatbatch, Inc, KEMET Electronics Corporation, Rubycon Corporation, Murata Manufacturing, Knowles Capacitor, Exxelia, TDK-EPCOS among others. 

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029. 

Key questions answered in this report

• What was the market size of capacitors for medical electronics in 2020 and forecast up to 2029?
• Which is the largest regional market for capacitors for medical electronics?
• What are the major trends followed in overall capacitors for medical electronics across different regions?
• Who are the key capacitors for medical electronics companies leading the market?
• What are the key strategies adopted by the leading capacitors for medical electronics companies in market? 

Unique data points of this report

• Statistics on medical electronics worldwide
• Recent trends across different regions in terms of adoption of capacitors for medical electronics across various applications
• Notable developments going on in capacitors for medical electronics
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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