By AMG NewTech News | October 31, 2016 at 10:54 AM EDT |
No Comments
Healthy market growth in medical electronics through 2016
The medical electronics sector is forecast to expand at a healthy 8.4% compound annual growth rate (CAGR) during the period 2011 through 2016. The medical electronics sector can be divided into three key segments: medical devices and implants; patient monitoring, diagnostics, and therapy; and medical imaging and instrumentation.
While the largest segment is currently represented by medical devices and implants, the fastest growth is occurring in the patient monitoring, diagnostics, and therapy segment, due to the growing use of remote patient monitoring, wireless technologies for diagnostics and therapy, and telemedicine. As a result, the patient monitoring, diagnostics, and therapy segment is projected to grow at a robust CAGR of 15.7% during the period 2011 through 2016.
The use of lasers, within the medical imaging and instrumentation segment, is also expanding at a rapid rate. Within slower growing market segments (medical devices and implants, and medical imaging and instrumentation) there are several emerging applications, such as implantable sensors, which are expected to offer important market growth opportunities over the next five years.
Global market for medical electronics, 2011 through 2016.
|
Market Segment
|
Revenues ($ Billions)
|
|
2011
|
2016
|
CAGR%
2011-2016
|
|
Medical devices and implants
|
|
|
|
|
Microelectronic medical implants
|
15.0
|
23.2
|
9.1
|
|
Cardiovascular devices
|
87.0
|
100.0
|
2.8
|
|
Neurosensons, neuromodulators and neurostimulators
|
8.1
|
23.6
|
23.8
|
|
Subtotal
|
110.1
|
146.8
|
5.9
|
|
Patient monitoring, diagnostics and therapy
|
|
|
|
|
Remote patient monitoring
|
0.2
|
2.1
|
60.0
|
|
Wireless healthcare and services
|
7.7
|
24.0
|
25.5
|
|
Telemedicine
|
11.0
|
26.6
|
19.3
|
|
Home health monitoring instruments
|
18.7
|
25.5
|
6.4
|
|
Home telehealth technologies
|
0.4
|
0.7
|
11.8
|
|
Subtotal
|
38.0
|
78.9
|
15.7
|
|
Medical imaging and instrumentation
|
|
|
|
|
Diagnostic imaging equipment for oncology
|
12.0
|
15.5
|
5.3
|
|
Magnetic resonance imaging
|
4.8
|
6.6
|
6.6
|
|
Medical sensors
|
8.0
|
9.5
|
3.5
|
|
Medical lasers
|
2.6
|
5.4
|
15.7
|
|
Subtotal
|
27.4
|
37.0
|
6.2
|
|
Others
|
2.0
|
3.1
|
9.2
|
|
Global medical electronics
|
177.5
|
265.8
|
|
Source: AMG NewTech
Back to Main Topics
Keywords: medical, electronics, implants, patient, monitoring, diagnostics, therapy, imaging, instrumentation, market
