In the medical field, the PTC thermistors are used in vaporizers, inhalers, anesthesia gas heating, electronic medical thermometers, and massage and other equipment temperature controls. Focus Sensing and Control Technology Co., LTD. offers PTC thermistors for various medical applications. The PTC thermistors used in medical equipment help in maintaining the desired temperature in the range of 10℃ to 250℃. In medical cases, the PTC thermistors can warm infusion solutions up to body temperature level. The use of PTC thermistors is growing tremendously in patient monitoring devices. In the 2021 Union Budget of India, the health infrastructure investment expanded 2.37x, or 137% year-on-year (YoY), to reach the value of US$ 30.70 billion. Thus, growing investments in the health sector, coupled with the increasing application of PTC thermistors in this sector, is expected to fuel the growth of the market in the MEA in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA PTC thermistor market to grow at a good CAGR during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 11.76 Million |
| Market Size by 2028 | US$ 14.14 Million |
| CAGR (2021 - 2028) | 2.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa PTC Thermistor Market is valued at US$ 11.76 Million in 2021, it is projected to reach US$ 14.14 Million by 2028.
As per our report Middle East and Africa PTC Thermistor Market, the market size is valued at US$ 11.76 Million in 2021, projecting it to reach US$ 14.14 Million by 2028. This translates to a CAGR of approximately 2.7% during the forecast period.
The Middle East and Africa PTC Thermistor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa PTC Thermistor Market report:
The Middle East and Africa PTC Thermistor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa PTC Thermistor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa PTC Thermistor Market value chain can benefit from the information contained in a comprehensive market report.
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