Capacitors for Medical Electronics Market By Product Type (Ceramic Capacitors, Tantalum Capacitors, Plastic Capacitors), By Application (Therapeutics, Diagnostics) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Increasing Medical Electronics Market to Give Boost to Capacitors for Medical Electronics Market

The capacitors for medical electronics market worldwide is estimated to grow with a CAGR of 6.9% through the forecast period, starting from 2019 to 2027. The medical electronics market worldwide has observed continued growth over the past few years, with a more than 3.8% growth rate every year.

Technological advancements in medical devices and growing healthcare awareness worldwide are giving a boost to the medical electronics market, which is giving a boost to the capacitor market in the medical electronics market. Capacitors are used in various medical electronic devices, such as magnetic resonance imaging, x-ray machines, and others. Increasing demand for diagnostic devices worldwide is giving a boost to the medical electronics market for capacitors. As a result of all these factors, we are expecting the market to grow at a rapid pace during the forecast period.

Market Synopsis

Therapeutic is the fastest-growing segment.

The capacitors for the medical electronics market by an application are segmented into therapeutics and diagnostics segments. The therapeutic segment will be the fastest-growing segment owing to the growth of cardiovascular and neurological diseases. Rapid advancements in the therapeutic medical electronics market, such as implantable defibrillators, are giving a boost to the segment. Favorable demographic developments in North American and European countries for therapeutic devices are giving a boost to the segment. Due to all these factors, we are expecting the therapeutic segment to grow rapidly during the forecast period.

North America to Continue Leading the Market

The market for capacitors for medical electronics devices is dominated by North America. In 2018, the market here accounted for more than 40% of the global revenue. The market here is largely governed by the U.S. due to high spending on electronic medical devices. The U.S. is among the pioneers in these devices and enjoys the presence of numerous major medical device providers.

Owing to these factors, we are expecting North America to continue leading the capacitors for the medical electronic devices market. However, Asia Pacific is set to demonstrate the highest CAGR in the market in the years to come. Susceptible chronic diseases and infections owing to the rising elderly population in the region are the major factors driving the medical electronics devices market's growth.

Some of the prominent players operating in the capacitors for medical electronics market are Vishay Intertechnology, AVX Corporation, Greatbatch, Inc., KEMET Electronics Corporation, Rubycon Corporation, Murata Manufacturing, Knowles Capacitor, Exxelia, and TDK-EPCOS, among others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027,considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to2027.

Report Scope by Segments

The capacitors for medical electronics market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global capacitor market for medical electronics based on product type, application, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of capacitors for medical electronics in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for capacitors for medical electronics?
• What are the major trends followed in overall capacitors for medical electronics across different regions?
• Who are the key capacitors for medical electronics companies leading the market?
• What are the key strategies adopted by the leading capacitors for medical electronics companies in the market?

Unique data points of this report

• Statistics on medical electronics worldwide
• Recent trends across different regions in terms of the adoption of capacitors for medical electronics across various applications
• Notable developments are going on in capacitors for medical electronics.
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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