SELLBYVILLE, DE – From 2019 to 2025, the global medical electronics market is anticipated to experience a 13% CAGR to surpass $169 billion, as a result of growing demand for minimally invasive surgeries.
Availability of medical equipment and devices on lease will escalate its demand among healthcare professionals, thereby positively influencing industry growth, says research firm Global Market Insights.
Rising adoption of technologically advanced medical electronic devices in emerging economies such as India and China will significantly boost industry growth during the period. However, stringent regulations enforced on companies involved in manufacturing of medical electronic devices will restrain industry growth in the coming years.
Germany’s medical electronics market accounted for 27.6% of revenue share of Europe’s market in 2018, says the firm.