Study on the electronics ecosystem : overview, developments and Europe's position in the world : annex 4 & 5

Healthcare electronics are a very particular market, largely dominated by health organisations (hospitals, clinics, social security and insurance) who are the customers, the operators, and who often finance patient expenses. The Healthcare electronics segment is small today, compared to the other end user segments But Healthcare electronics is a very high growth segment (8% annual growth rate globally, and 4% for Europe and 5% for the USA) - In the "professional" sub-segment (90% of the total) driven by better health facilities in Asia, Latin America, and Africa; - In the "consumer" sub-segment (10% today, very fast growing) driven by the IoT and connected wearables, and the coming e-health. The USA dominates this segment with 41% of global production, and leading global companies (Medtronic, GE Healthcare). Europe is relatively strong (18% of global production), and is still comparable to China in size, but the Chinese healthcare industry is growing very much faster. Europe has leading global companies (with Philips and Siemens) well established in the institutional markets.