Study on impact of COVID-19 on medical electronics market size unveils modest gains over 2020-2026
Covid-19 On Medical Electronics Market - Overview
According to the research report titled ‘Impact of COVID-19 on Medical Electronics Market Size study, by Application (Imaging, Therapeutics, Patient Monitoring, and Homecare/ Handheld Products), and Regional Forecasts 2020-2026’, available with Market Study Report LLC, impact of COVID-19 on medical electronics market is predicted to result in decent growth between 2020-2026.
The research report on ‘impact of COVID-19 on medical electronics market’ states that increasing number of coronavirus cases has resulted in concerns regarding absence of essential life-saving equipment in order to avert the spread of the disease as well as to offer optimal treatment among those affected, hence stimulating industry growth. In addition, rising adoption of ventilators in order to treat patients with COVID-19 before initiating pharmacological therapy is driving the overall market growth.
Widespread adoption of ventilators, PPE (personal protective equipment), diagnostic kits, and other vital medical supplies has enhanced the demand for medical electronics across the globe, which is further aiding the market expansion. Increasing utilization of respiratory care devices owing to surging medical expenditure, high occurrence of respiratory disorders, and growing geriatric population is also facilitating the business scenario, cites impact of COVID-19 on medical electronics market report.
Development of handheld and portable devices with better performance along with rising deployment of therapeutic systems such as oxygen concentrators, CPAP (continuous positive airway pressure), and CRM (cardiac rhythm management) systems are favoring the overall market scenario, as cited by impact of COVID-19 on medical electronics market research analysis.
Highlighting the market segmentations:
There has been an upsurge in number of battery-based medical devices, however, an unexpected battery loss could result in shutdown of system, further preventing it from offering essential life-saving therapy. Thus, growing demand for safe and high capacity emergency equipment batteries are stimulating the overall industry outlook.
The regional scope of study on impact of COVID-19 on medical electronics market consists of Europe, North America, Asia-Pacific, Latin America and rest of the world. North America is predicted to accounted for majority market share in the ensuing years, primarily due to inclination towards adopting advanced technologies and rapid development of innovative medical electronics.
To access a sample pages of this report titled “Impact of COVID-19 on Medical Electronics Market Size study, by Application (Imaging, Therapeutics, Patient Monitoring, and Homecare/ Handheld Products), and Regional Forecasts 2020-2026” in detail along with the table of contents, please click the link below:
Key players profiled in impact of COVID-19 on medical electronics market report are iCAD Inc., Siemens Healthineers AG, EDDA Technology Inc., Hologic Inc., Hitachi High-Technologies Corp., VuCOMP Inc., McKesson Corp., Koninklijke Philips N.V., Toshiba Medical Systems Corporation, and Fujifilm Holdings Corp. among others.
Medical Products Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Medical Products Market size is poised to grow at a CAGR of over 6% between 2020 and 2026, as per new research report. Growing geriatric population and introduction of technologically advanced products are some of the major factors contributing to the medical products market growth. Also, increasing investment in healthcare infrastructure development and healthcare facilities will boost the market demand. From a regional frame of reference, the Latin America medical products market was valued at more than $1.6 billion in 2019 and is expected to grow at more than 7% CAGR over the projected time period. Middle East & Africa medical products market was valued at more than $1.5 billion 2019 and is estimated to expand at a CAGR of more than 6%.
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Market Study Report LLC
Toll Free: 1-866-764-2150