Medical Electronics Market Industry Analysis, Trend and Growth, 2014-2020

Medical electronics is a branch of electronics that deals with design, implementation and use of electrical devices and equipment for medical purposes such as research, examination, diagnosis, treatment, assistance and care. Medical electronics utilizes field disciplines of both electronics and biomedical.Portable biomedical electronic devices are essential to movemedical products from the hospital atmosphere to home, and to move medical examination from the laboratoryand offer one-touch access to users. These devices offer secure access and enable both patients and doctors to stay in touch with each other remotely.

Conventional medical devices have evolved over time, which is obvious with the advent of handheld smart phone-sized ultrasound systems, digital stethoscopes and digital X-ray systems.Small-sized medical devices are available for monitoring blood sugar levels, insulin, blood pressure and blood coagulation levels at home, and can send periodical reports to a doctor in a connected environment. Even consumer devices such as toothbrusheshave become modernized enough to send periodic information to dentists in a similar connected environment.The potential benefits associated with this technology includes improved quality of healthcare, increased output accuracy, remote health data availability,precise billing mechanism, easy to update patient electronic records and increase in level of patient experience. On other hand, there are some negative aspects such as decrease in productivity of medical professionals, lack of standard terminologies, significant learning difficulties and issues related to violation of patient data security.

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Increase in income levels,higher standard of living, rising health awareness rise in aging population in developed countries and development in health facilities in developing countries are key factors driving the rapid growth of the...