"Designing Growth Strategies is in our DNA"

Electromedical Devices Market Size, Share and Global Trend By Application (Dental, Ophthalmology, Cardiovascular, Orthopedic), Device Type (Diagnostic Imaging Devices, Patient Assistive Devices, Surgical Devices), End Users (Clinics, Hospitals, Home Care Settings) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100352 | Status : Ongoing

 

KEY MARKET INSIGHTS

In 2017, Boston Scientific Corporation developed Watchman left atrial appendage closure device, which has the potential of reducing the risk of stroke in non-valvular atrial fibrillation (NVAF) patients. In 2018, the Food and Drug Administration approved an estimated 106 new electromedical devices as compared to 99 in 2017. These approvals include class I, class II and class III electromedical devices. The considerable hike in FDA approvals is due to extensive research and development being conducted by market players as well as research organizations. The gradual shift of market players to offer highly customer-centric products is playing a vital role in elevated production of electromedical devices in the current market scenario. 

Huge growth in investments in research and innovation of advanced electromedical devices in order to offer improved patient care and convenience is projected to boost the growth of the global electromedical devices market during the forecast period. In 2016, Vivify Health, Inc., one of the leading players in remote patient monitoring systems market, raised financial assistance of US$ 17 Mn from UPMC for developing advanced patient monitoring systems and consolidating its place in electromedical devices market.

To gain extensive insights into the market, Request for Customization

Higher maintenance, as well as acquisition cost of electromedical devices, especially for devices with higher technical configurations, are expected to hamper the growth of the global electromedical devices market during the forecast period. For instance, the cost of highly configured MRI systems such as GE 1.5T Optima 450W, Philips 3T Ingenia, and others costs more than US$ 400,000 for installation.

Key Players Covered:

Some of the major companies that are present in the global electromedical device market are Medtronic, GENERAL ELECTRIC COMPANY, Siemens AG, Koninklijke Philips N.V., Johnson & Johnson Services, Inc., Baxter, BD, Cardinal Health, 3M Smith & Nephew, Boston Scientific Corporation, B. Braun Melsungen AG, Zimmer Biomet, Abbott, Stryker and others.

 SEGMENTATION

 SEGMENTATION

 DETAILS

By Application

·      Dental

·      Ophthalmology

·      Cardiovascular

·      Orthopedic

·      Others

By Device Type

·      Diagnostic Imaging Devices

·      Patient Assistive Devices

·      Surgical Devices

·      Others

By End User

·      Clinics

·      Hospitals

·      Home Care Settings

·      Others

By Geography

·      North America (USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

                               

At present, among all end-user segments hospitals are holding the major share of the global electromedical devices market due to higher utilization of advanced products as well as increasing adoption of surgical devices in surgeries.

Key Insights

  • Regulatory scenario for key countries
  • Key mergers and acquisitions
  • Key start-ups & their funding overview
  • Technological advancements

Regional Analysis:

The global electromedical devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global electromedical devices market during the forecast period. Developed healthcare infrastructure as well as higher per capita healthcare expenditure followed by higher accessibility for electromedical devices is projected to register higher CAGR in the global electromedical devices market. Europe is expected to witness higher adoption of electromedical devices owing to the rising emphasis on early detection of diseases. Moreover, rapidly developing home healthcare infrastructure, especially in European nations is projected to offer comparatively higher growth for the global electromedical devices market. Though, adoption of electromedical devices in Asia Pacific nations is slow, increasing awareness about electromedical devices due its benefits followed by the increasing purchasing power of patients in emerging nations is anticipated to register higher CAGR for growth of the global electromedical devices market by 2026

Key Industry Developments

  • In August 2018, Invacare Corporation, one of the considerable player in medical equipment market, launched an advanced carbon fibre racing wheelchair for rehabilitation patients.
  • In October 2018, GE Healthcare announced the strategic partnership with Society for Applied Microwave Electronics Engineering and Research (SAMEER), an Indian research and development unit under Electronic and Information Technology department for development for advanced AI (Artificial Intelligence) based MRI (Magnetic Resonance Imaging) systems.
  • In October 2018, B. Braun got FDA approval for its ELAN 4 Electro Motor System, which will be utilized for spinal and neurological surgical procedures.
  • In February 2019, a group of doctors at AIIMS Delhi, India, developed a portable ventilation machine which is 450 times smaller than conventional ventilator, also, it offers better efficiency in terms of cost.




    • Ongoing
    • 2023
    • 2019-2022

    Personalize this Research

    • Granular Research on Specified Regions or Segments
    • Companies Profiled based on User Requirement
    • Broader Insights Pertaining to a Specific Segment or Region
    • Breaking Down Competitive Landscape as per Your Requirement
    • Other Specific Requirement on Customization
    Request Customization Banner

    Healthcare Clients

    Styker
    Ansell
    iqvia
    Johnson
    Roche

    Client Testimonials

    “We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

    - One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

    “Thanks a million. The report looks great!”

    - Feedback from a consultant on a report on the U.S. Beef Market.

    “Thanks for the excellent report and the insights regarding the lactose market.”

    - Brazil based company specializing in production of protein ingredients.

    “I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

    - Global Digital Services Agency on a report on the Global Luxury Goods Market.

    “This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

    - U.S.-based biotechnology company focussing on treatment of chronic pain.

    “Kudos to your team. Thank you very much for your support and agility to answer our questions.”

    - Europe-based provider of solutions to automate data centre operations.

    “We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

    - India-based manufacturer of industrial and specialty intermediates with a strong global presence.

    “I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

    - One of the largest cosmetics company in the world.

    “Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

    - U.S. based startup operating in the cultivated meat market.

    “We received the below report on the U.S. market from you. We were very satisfied with the report.”

    - Global hearing aids manufacturer.

    “I just finished my first pass-through of the report. Great work! Thank you!”

    - U.S. based solar racking solutions provider.

    “Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

    - World’s leading advisory firm.

    “We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

    - Germany based machine construction company.

    “Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

    - Japanese manufacturing company of stationery products.

    “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

    - One of the Leading Food Companies in Germany

    “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

    - Intuitive Surgical

    “I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

    - Major Food Company in Japan

    “Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

    - Ziering Medical

    “It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

    - Major Manufacturer of Precision Machine Parts in India

    “I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

    - Hewlett-Packard

    “This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

    - Global Management Consulting Firm

    “Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

    - UK-based Start-up in the Medical Devices Sector

    “Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

    - One of the Largest Companies in the Defence Industry
    We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
    X