Medical electronics market ‘worth $372.4bn by 2018’

A new report has suggested the medical electronics market could reach $372.4 billion by 2018.

'Medical Electronics – Global Trends, Estimates and Forecasts, 2011-2018' shows the growth in the sector will be driven by expansion in the monitoring and surgical systems, imaging systems, diagnostics and medical therapeutics markets.

A geographical breakdown highlighted the Asia-Pacific region as the area with the highest compounded annual growth rate – 17.2 percent – and so it is seen as one of the major investment centres up until 2018. 

The study also examines profitable investment strategies for medical electronics firms, business executives, product marketing managers and new business investors.

In total, more than 1346 leading market heavyweights are discussed with 51 key companies in the medical electronics industry profiled. Some of the companies that are profiled in the report include 3M Healthcare, Abbott Vascular Devices, Angliotech Pharmaceuticals, Baxter International, Dickinson & Co and APC Cardiovascular.