Global Electro-Medical Equipment Market, By Device Type (Diagnostic Imaging Devices, Patient Assistive Devices, Surgical Devices, Others), Application (Dental, Ophthalmology, Cardiovascular, Orthopedic, Others), End-User (Clinics, Hospitals, Home Care Settings, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The electro-medical equipment market is expected to witness market growth at a rate of 7.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on electro-medical equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid advancements in the healthcare sector globally is escalating the growth of electro-medical equipment market.
Electro-medical equipment’s refer to the various medical devices, and hardware components, among other products available for the healthcare industry including the usage of electricity in their operations. Electro-medical devices are widely deployed in a wide-range of applications such as surgical, and diagnostic, among other different category of a healthcare industry.
The increase in number of research and development activities across the globe acts as one of the major factors driving the growth of electro-medical equipment market. The rise in demand for imaging in diagnosis and monitoring of major chronic diseases related to cardiology and oncology, and use of electromedical devices in heart valve replacement procedure accelerate the market growth. The wide availability of consumer-focused medical devices and services and improved convenience and care focus resulting in high volume of research and development activities further influence the market. Additionally, improved healthcare infrastructure, increase in the population, reimbursement changes, growth of awareness, and expansion of pharmaceutical sector positively affects the electro-medical equipment market. Furthermore, new product launches and increase in new product approvals for electromedical devices extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the equipment and requirement of high technical configuration are expected to obstruct the market growth. The stringent regulations are projected to challenge the electro-medical equipment market in the forecast period of 2021-2028.
This electro-medical equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electro-medical equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electro-Medical Equipment Market Scope and Market Size
The electro-medical equipment market is segmented on the basis of device type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of device type, the electro-medical equipment market is segmented into diagnostic imaging devices, patient assistive devices, surgical devices and others.
- On the basis of application, the electro-medical equipment market is segmented into dental, ophthalmology, cardiovascular, orthopedic and others.
- On the basis of end-user, the electro-medical equipment market is segmented into clinics, hospitals, home care settings and others.
Electro-Medical Equipment Market Country Level Analysis
The electro-medical equipment market is analyzed and market size insights and trends are provided by country, device type, application and end-user as referenced above.
The countries covered in the electro-medical equipment market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electro-medical equipment market because of the increase in product offerings, and new product launch within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the rise in incidence of cardiovascular, orthopedic, and ophthalmology disorders in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The electro-medical equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electro-medical equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electro-medical equipment market. The data is available for historic period 2010-2019.
Competitive Landscape and Electro-Medical Equipment Market Share Analysis
The electro-medical equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electro-medical equipment market.
The major players covered in the electro-medical equipment market report are SGENERAL ELECTRIC, Koninklijke Philips N.V., Johnson & Johnson Services, Inc., Baxter, BD, Electro Medical, Inc. Cardinal Health, Heine Optotechnik, Smith+Nephew, Boston Scientific Corporation, B. Braun Melsungen AG, Zimmer Biomet, Abbott, Stryker, Nissha Co., Ltd., Sixtus Italia srl, Siemens, and Parker Laboratories, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Electro-Medical Equipment Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.