Medical Electronics Market to Grow Steadily Through 2018 PDF Print E-mail
Written by Mike Buetow   
Friday, 06 December 2013 11:38

DUBLIN -- The medical electronics market is expected to reach $372.4 billion by 2018, driven by medical therapeutics and imaging systems, a new study says. Research and Markets says those two segments account for approximately 52.9% of the market and are expected to support the medical electronics industry going forward.

Asia-Pacific will see the fastest growth, with a forecast CAGR of 17.2% between 2011 and 2018.

Among the application sectors, monitoring and surgical systems account for the largest share of the entire market, and are forecast to grow 13.4% compounded annually during period.

Imaging systems are seen as the fastest growing application, with a forecast CAGR of approximately 16.9% by 2018. Along with the fast growth and rapid advancement in technology related to healthcare industry, the medical electronics expectations have increased for large numbers of incurable diseases.

 

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