- Texas Instrument
- TE Connectivity
- Medtronics Plc
- ST Microelectronics
- NXP Semiconductors
- Maxim Integrated Products
- ON Semiconductor
- Renesas Electronics Corporation
- Microchip Technology
- Tekscan
- Monebo
- Cirtec Medical
- First Sensor
- Innovative Sensor Technology
- Keller America
- Biovision Technology
- Merit Medical Systems
(Note: The list of the major players will be updated with the latest market scenario and trends)
Recent developments by key players in the Medical Electronics Market:
Medtronic Plc
The reported revenue for fiscal year 2025 is $33.5 billion, reflecting an increase of 3.6%. The company has also confirmed plans to separate its diabetes unit into a standalone public company within approximately 18 months. This move aims to refocus its core operations on the cardiovascular, neuroscience, and surgical device sectors.
In April 2023, we partnered with DaVita Inc. to launch Mozarc-Medical, which aims to provide innovative kidney health monitoring and patient-centered care solutions.
Texas Instrument
May 2024: Launched new low-power analog front ends (AFEs) optimized for wearable and portable medical devices like ECG monitors, pulse oximeters, and patient telemetry units.
Developed ultra-low-noise op amps and precision ADCs specifically for use in vital sign monitoring and diagnostic imaging equipment.
TE Connectivity
Launched new biocompatible connectors and sensor interconnect systems for implantable devices and wearable medical applications.
Collaborated with medtech companies in 2023 to provide high-reliability interconnects for surgical robotics and catheter-based devices.
- In August 2022, The South Korean Ministry of Food and Drug Safety has given the go-ahead to VUNO, a company that develops medical artificial intelligence, for its portable ECG device, Hativ Pro., which analyses a user's heart rate and transmits this information via a connected smartphone application.
- In February 2022, Shineco, Inc. has joined forces with Weifang Jianyi Medical Devices Co., Ltd., one of China's leading producers of medical equipment with its headquarters in Shandong Province, to jointly build and commercialise imaging systems including PET, PET-CT, and PET-MRI.
During the past few years, the medical electronics industry has grown significantly, propelled by a number of important factors. The growing need for advanced medical technology, which arises from healthcare providers' efforts to enhance patient outcomes and lower healthcare costs, is one of the main factors. Also, as older folks often need more medical care than younger individuals, an ageing population in many regions of the world is increasing demand for medical electronics equipment. The development of technology in the industry is another significant element propelling growth in the medical electronics market. Medical device makers are able to create increasingly complicated and advanced medical electronics devices as electronic and computer technology continue to advance. For instance, improvements in miniaturisation technology have made it possible to create smaller, more portable medical equipment that can be utilised in a broader variety of contexts.
The growth and development of the market for medical electronics might be hampered by a few obstacles and potential restrictions. One major issue is the high cost of creating and manufacturing medical electronics devices, which might make them expensive for some patients and healthcare professionals.