Global Electromedical Devices Market is valued at approximately USD 44.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2020-2027.
Latest research report on Global Electromedical Devices Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.
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Market Analysis of Global Electromedical Devices –
Electromedical devices are a type of medical device that can be used in healthcare practices, including therapeutic use (such as laser, surgical instruments, and other associated devices) and diagnostic use (such as monitoring devices, imaging equipment, and others). These devices typically used in the diagnosis and surgical procedures associated with dental, cardiovascular diseases, ophthalmology, and several associated disease indications.
Therefore, a rise in the prevalence of diseases such as cardiovascular and dental, followed by the growing geriatric population worldwide are expected to drive the utility for electromedical devices around the world. According to the American Heart Association (AHA), in 2016, the number of deaths caused by cardiovascular diseases was estimated at around 17.6 million, and these deaths are expected to grow to almost 23.6 million by the year 2030. Also, as per the Center for Disease Control and Prevention (CDC), roughly 610,000 people died due to heart diseases, such as heart stroke, in the United States each year. Furthermore, the rise in research and development activities, technological development in the electromechanical device, and growing product approvals are the few factors responsible for the CAGR of the market during the forecast period.
The regional analysis of the global Electromedical Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technological electromechanical device, and the presence of a significant number of medical device manufacturers in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising prevalence of dental and cardiovascular diseases and improving healthcare infrastructure would create lucrative growth prospects for the Electromedical Devices market across the Asia-Pacific region.
Major market player included in this report are:
- Braun Melsungen AG
Koninklijke Philips N.V.
Cardinal Health, Inc.
The detailed segments and sub-segment of the market are explained below:
By Device Type:
Diagnostic Imaging Devices
Patient Assistive Devices
Home Care Settings
Rest of the World
Table Of Content :
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Electromedical Devices Market, by Region, 2018-2027 (USD Billion)
1.2.2. Electromedical Devices Market, by Device Type, 2018-2027 (USD Billion)
1.2.3. Electromedical Devices Market, by Application, 2018-2027 (USD Billion)
1.2.4. Electromedical Devices Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electromedical Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electromedical Devices Market Dynamics
3.1. Electromedical Devices Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Electromedical Devices Market Industry Analysis
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