The global opportunity for advancement in medical electronics continues to motivate semiconductor suppliers as they continue to bring to market products for imaging, diagnosis, therapy, and home and remote monitoring. More and more healthcare is moving into the public sector which adds to this opportunity as more people are able to access care. Technology plays an important role in providing coverage as well as managing the skyrocketing costs associated with the medical industry. Medical electronics are evolving with OEMs offering lower cost solutions that are advanced in power management, accuracy, and sensitivity. The market for semiconductors, which support these advances, is expected to reach over $5 billion this year which is a 12 percent increase from 2016. The 2017 Semiconductors in Medical Electronics study recently release provides readers with an excellent overview of the market including forecasts by region, by application, and by product type. OEM market share is discussed along with estimates for semiconductor purchases for 2016 by each listed company. Market share for semiconductor suppliers in the medical industry is also provided.
The application design using semiconductors in the medical industry continues to advance with more connectivity, smaller form factors, and higher performance. This market categorically should be growing much faster than other commercial markets, but there are several factors that impact this segment which has curtailed growth, including public policy and skyrocketing cost. Nevertheless, the market is on track this year for growth. This report covers the entire medical market including data on wearables used both for medical monitoring and for consumer fitness. Forecasts are provided by region, application market segment, application, and by product type. Trends are discussed for the application market as well as the silicon used to create the finished equipment. Market share is also provided for the semiconductor suppliers as well as the equipment manufacturers. Equipment manufacturer spending on semiconductors is also estimated and included.
For a while now, the semiconductor market has benefitted from the growing medical electronics industry which has been one of the few steady markets long term in the economy. Aging populations, rising incomes in emerging markets, and the unfortunate rise in “lifestyle” diseases are some of the macro-factors driving revenue in medical technology markets. Near term growth is attributable to growing trends in health and wellness management with new applications hitting the market and gaining momentum, including wearables. This study provides forecasts for semiconductors by product family for the medical application market. Forecasts are provided by region, application, and product type. Market share is also provided for semiconductor suppliers and medical equipment manufacturers. Semiconductor spending is also estimated for those manufacturers.
Medical electronics continue to drive demand for high performance semiconductors. Databeans predicts that this application market for circuits will grow from $4.1 billion to over $6 billion in the next five years. This report covers demand for semiconductors in the home medical electronics market, imaging market, and clinical electronics market. Market share for semiconductor suppliers is provided along with market share and estimated semiconductor spend by the diverse medical manufacturing industry.