Opportunities and Challenges in Medical Electronics Industry

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liaominmin / 2018/6/22 15:42:57 / Tech

In recent years, as a newly emerging industry, the medical electronics industry is on a rapid rising according to great demands on electronic components in china. Couple years ago, some people predicted that the Asia Pacific region was becoming a major manufacturing center for medical electronics. And, by now since most of the Asian countries are gradually becoming the aging society, the Asian region is likely to see a really large demand in medical electronics.

For the opportunities, as a result of continuing high demand and innovation, medical electronics represents the fastest growing industrial electronic components opportunity for suppliers. According to the an analytical report from hqew.net, the Top B2B Marketplace of Electronic Components, IC & Semi-conductors in china, in 2010 the aggregate market value of Chinese medical electronics market was 5.791billion US dollars with a 44% growth compared to those in 2009. However, it is forecasted that total market value of Chinese medical electronics market will be as much as 7.22 billion US dollars, up 25% when compared to those in 2010. Furthermore, it is also expected that, in 2013, the total medical electronics market in China will exceed 10 billion U.S. dollars, reaching 10.056 billion U.S. dollars. Obviously, it is a good opportunity for both electronic components suppliers and medical electronics equipments suppliers to expand their markets and searching new developments.

However, on the other side, challenges always stand by the side of the opportunities. The medical electronics suppliers would face more pressures to get profits in such fierce competition environment while large investments are flooding into this rapid rising market. As we all know, when standing in the fast growing industry, it is easy to lose our ways. And, to the medical electronics suppliers and electronic components suppliers, they have challenges to consider the real conditions of the medical market before all funding movements. It is said that, in the subdivision applications field, the medical video equipment will still take the largest market share in 2011, followed by the consumer of medical devices, and the monitoring equipment will be the fastest growing product with a growth rate of 42%. Anyway, we need more monitoring electronics to protect our aging people that living in an aging society.

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