|The Medical product sector continues to be a growth area. Worldwide demographics and lifestyle changes will bring increasing demand for medical technologies. This demand will be accelerated by improved detection methods for a variety of diseases such as cancer.
Asia is becoming increasingly important as a hub for development and manufacturing of medical devices/electronics. This is a great opportunity for medical electronics companies and must be embraced.
The Medical Electronics Chapter looks at demographic trends and includes market projections from IHS Technology. The chapter also discusses technology trends. For example, on the technology front, introduction of stretchable electronics substrates is a paradigm shift in the business. This will become the third major substrate technology for medical over the course of the next 10 years (rigid and flex being the other two). It discusses the diagnostic, patient monitoring, and therapy markets, along with medical imaging market and consumer medical, identifying critical issues and gaps.