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Healthcare and Biomedical Engineering


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

        8.4


Source: AMG NewTech


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Keywords: medical, electronics, implants, patient, monitoring, diagnostics, therapy, imaging, instrumentation, market 

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