According to the research report titled ‘Impact of COVID-19 on Medical Electronics Market Size study, by Application (Imaging, Therapeutics, Patient Monitoring, and Homecare/ Handheld Products), and Regional Forecasts 2020-2026’, available with Market Study Report, impact of COVID-19 on medical electronics market is predicted to result in decent growth between 2020 and 2026.

 

The research report on ‘impact of COVID-19 on medical electronics market’ states that increasing number of coronavirus cases has resulted in concerns regarding absence of essential life-saving equipment in order to avert the spread of the disease as well as to offer optimal treatment among those affected, hence stimulating industry growth. In addition, rising adoption of ventilators in order to treat patients with COVID-19 before initiating pharmacological therapy is driving the overall market growth.

 

Widespread adoption of ventilators, PPE (personal protective equipment), diagnostic kits, and other vital medical supplies has enhanced the demand for medical electronics across the globe, which is further aiding the market expansion. Increasing utilization of respiratory care devices owing to surging medical expenditure, high occurrence of respiratory disorders, and growing geriatric population is also facilitating the business scenario, cites impact of COVID-19 on medical electronics market report.
 

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Development of handheld and portable devices with better performance along with rising deployment of therapeutic systems such as oxygen concentrators, CPAP (continuous positive airway pressure), and CRM (cardiac rhythm management) systems are favoring the overall market scenario, as cited by impact of COVID-19 on medical electronics market research analysis.

 

There has been an upsurge in number of battery-based medical devices, however, an unexpected battery loss could result in shutdown of system, further preventing it from offering essential life-saving therapy. Thus, growing demand for safe and high capacity emergency equipment batteries are stimulating the overall industry outlook.

 

The regional scope of study on impact of COVID-19 on medical electronics market consists of Europe, North America, Asia-Pacific, Latin America and rest of the world. North America is predicted to accounted for majority market share in the ensuing years, primarily due to inclination towards adopting advanced technologies and rapid development of innovative medical electronics.

 

Key players profiled in impact of COVID-19 on medical electronics market report are iCAD Inc., Siemens Healthineers AG, EDDA Technology Inc., Hologic Inc., Hitachi High-Technologies Corp., VuCOMP Inc., McKesson Corp., Koninklijke Philips N.V., Toshiba Medical Systems Corporation, and Fujifilm Holdings Corp. among others.