[209 Pages Report] The medical electronics market was valued at USD 3.01 Billion in 2015 and is expected to reach USD 4.41 Billion by 2022, at a CAGR of 5.4% during the forecast period.

The base year considered for this study is 2015 and the forecast period has been considered between 2016 and 2022. The demand for advanced healthcare solutions has played a prominent role in the growth of the medical electronics market worldwide. The market has major opportunities for growth owing to the rising importance of medical electronics in patient tracking as well as other monitoring activities.

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Factors such as the growing standard of living, increasing aging population, rising health awareness, and increasing adoption of wearable electronics are driving the growth of the medical electronics market. The growing importance of medical electronics for patient tracking and other monitoring activities is expected to drive the growth of the market.

The high demand for these components is attributed to the increasing demand for imaging systems in healthcare facilities and the dominance of healthcare therapeutics. The medical electronics batteries market is expected to experience sustained growth owing to technological advancements and booming regional demand. The growth of the market for medical electronics battery will be driven by the increasing acceptance of wireless medical devices and continuing innovation, especially in high energy density batteries for wearable medical devices.

The capacity of these devices to monitor patients from long distances, perform intraoperative procedures, and prescribe treatments to patients has help reduced patients’ discomfort. The market for monitoring devices is expected to grow at the highest rate because of the increasing use of patient monitoring devices in outpatient care departments, ambulatory care centers, and home care settings.

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North America held the largest share of the medical electronics market during the forecast period and is expected to grow at a significant CAGR. The market in North America for medical electronics is driven by various factors such as improved healthcare infrastructure and increasing demand for medical electronics in the region. In addition, technological advancements in medical device technology have propelled the growth of the market in North America. The medical electronics market in North America is expected to be driven by technological innovations, cost effectiveness, and technological platform portability with other medical equipment.

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