This report was recently updated on April 12 2024 with the latest and most recent
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Global Semiconductor in Healthcare Market Size, Trends & Analysis - Forecasts to 2026 By Component (Integrated Circuits, Optoelectronics, Sensors, Discrete Components), By Application (Portable and Telehealth Monitoring, Consumer Medical Electronics, Medical Imaging, Clinical, Diagnostics, and Therapy), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Semiconductor in Healthcare Market Insights
The global semiconductor in healthcare market is estimated to witness a high CAGR during the forecast period (2020-2026). Rapid digitization and automation of various activities such as robotic surgery and patient monitoring are some of the major factors propelling the market grow for semiconductors in healthcare. Growing usage of sensors and other wireless technology for remote patient monitoring is also expected to propel the market growth during the forecast period. Rising government subsidies on medical devices, along with increasing adoption of IoT-based medical devices are boosting the market growth for semiconductors in healthcare. However, high maintenance and refurbishment costs of medical semiconductors are likely to hamper the market growth during the forecast period.
Semiconductor in Healthcare Market: By Component
On the basis of component, the global semiconductor in healthcare market is segmented into integrated circuits, optoelectronics, sensors, and discrete components. The sensors segment is expected to hold the largest market share during the forecast period. Sensors are used for many applications such as remote patient monitoring, and virtual service delivery among others. Growing usage of connected devices in healthcare sector is also driving the market for sensors segment. The integrated circuits segment is expected to grow at the highest CAGR during the forecast period. Increasing demand for high power portable medical devices, such as cardiac monitors, respiratory monitors, hemodynamic monitors, and implantable devices is expected to propel the market growth for integrated circuits market during the forecast period.
Semiconductor in Healthcare Market: By Application
On the basis of application, the market is segmented into portable and telehealth monitoring, consumer medical electronics, medical imaging, clinical, diagnostics, and therapy among others. Consumer medical electronics segment is expected to hold a significant market share during the forecast period. Increasing adoption of IoT-based smart medical devices along with growing usage of wearable electronics and portable medical devices are expected to drive the market growth for consumer medical electronics.
Semiconductor in Healthcare Market: By Region
Asia Pacific is expected to witness a high growth in semiconductor in healthcare market during the forecast period. Asia Pacific has emerged as the leading producer of semiconductor in the world. Presence of leading semiconductors manufacturing companies such as Toshiba, Sony semiconductor solutions, STMicroelectronics, and Renesas Electronics among others is also driving the market growth in the region. The expanding healthcare sector and increasing healthcare expenditure in the region are the major factors driving the semiconductor in healthcare market growth in the region.
Semiconductor in Healthcare Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Medtronic plc, Philips Healthcare, and GE Healthcare among others.
Semiconductor in Healthcare Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the Semiconductor in Healthcare market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Semiconductor in Healthcare Market Share & Competitor Analysis
Some of the key players operating in the Semiconductor in Healthcare market are Texas Instruments Incorporated, Semiconductor Components Industries LLC (ON Semiconductor), Analog Devices Inc., Maxim Integrated, STMicroelectronics, NXP Semiconductors, Broadcom Inc., ams AG, Vishay Intertechnology Inc., and Renesas Electronics Corporation among others.
In May 2019, Analog Devices Inc. launched a new electrochemical and impedance measurement front end. The AD5940 analog front end incorporates both potentiostat and electrochemical impedance spectroscopy (EIS) functionality on a single chip.
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Semiconductor in Healthcare Market: By Component
Semiconductor in Healthcare Market: By Application
Semiconductor in Healthcare Market: By Region
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Semiconductor in Healthcare Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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