Medical Device & Accessories Market 2018; Competitive Analysis by Top 10 Players Size, Shares, Revenue and Forecasts Till 2024 | Avail at MarketReseacrhFuture.com

Latest research study from Market Research Future with title “Medical Device & Accessories Market” by Top Regions, Type and Application. The Research report presents a complete overview of the market and contains Future trend, Current Growth Factors, Historical data. - Forecast till 2023.

Market Highlights:

Medical device & accessories are products, intended to support, supplement or augment the performance of one or more parent devices. These devices are used for diagnosis, monitoring, and treatment of different diseases. Now a day, most of the companies are involved in mergers, acquisitions, and collateral activities to introduce better and effective treatment procedures.

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The global medical device & accessories market is expected to grow at a CAGR of 6.53% during the forecast period, 2017-2023.

Taste the market data and market information presented through more than 89 market data tables and figures spread over 87 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “medical device & accessories market research report–Global forecast till 2023.”

Market Scenario:

Medical device refers to any instrument, apparatus, implement, machine, appliance, implant, or reagent that is used together or alone for human beings in diagnosis, monitoring, and treatment of different diseases. These devices can be used for a wide range of diseases such as diabetes, cardiovascular diseases, cancer, GI diseases and many more. However, the high cost of treatment and ambiguous regulatory framework may affect the growth of this market negatively.

Furthermore, the global medical device & accessories market is expected to grow at a CAGR of 6.53% during the forecast period 2017-2023.

Major Players in the Medical Devices and Accessories Market:

Some of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Stryker Corporation (U.S.), Koninklijke philips n.v (the Netherlands), General Electric Company (U.S.), Siemens AG (U.S.), Danaher Corporation (U.S.).

Segmentation:

The global medical device & accessories market is segmented on the basis of the types of devices. On the basis the types of devices, it is segmented into cardiovascular application, coronary pressure monitors, catheters, therapeutic medical guide, dental implant, cochlear implant, global nerve stimulator market, global diabetes monitors market, and global suture needles market. Furthermore, the cardiovascular application segment is sub-segmented into cardiac monitors, cardiac pacemaker, cardiac defibrillators, and others. The coronary pressure monitor segment is sub-segmented into sphygmomanometer, automated blood pressure monitor, BP transducers, ambulatory blood pressure monitor, and instruments & accessories. The catheter segment is sub-segmented into cardiovascular catheters, specialty catheters, intravenous catheters, urinary catheters, neurological catheters. The therapeutic medical guidewire segment is sub-segmented into solid guidewire and wrapped guidewire. The nerve stimulator is further sub-segmented into deep brain stimulator, vagus nerve stimulator, and spinal cord stimulator.

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Key Findings:

The global medical device & accessories market is estimated to USD 79,879 million in 2016.

Coronary pressure monitors are the fastest growing segment, which is projected to grow at a CAGR of 6.65% during the forecast period, 2017-2023.

The Americas region captured the largest market globally and is expected to USD 47,887 million by 2023.

Asia Pacific is the fastest growing region across the globe and is expected to grow at a CAGR of 7.12% during the forecast period.

Regional Analysis:

The Americas dominate the global medical device & accessories market owing to well-developed technology, high healthcare expenditure and the presence of the leading players, and focus of research institutions on updating technology for new and advanced medical device & accessories devices.

Europe holds the second position in the market owing to the increasing support from the government, increasing the prevalence of chronic diseases, and high healthcare spending. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2014, France recorded the second highest level of current healthcare expenditure of EUR 237 billion.

Asia Pacific is the fastest growing market owing to increasing need for better monitoring devices, rapidly improving technology, and presence of huge patient pool. Moreover, government bodies in this region are more focused to get a better treatment option to improve the lifestyle of their citizen.

The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and poor development in the healthcare domain.

Table Of Contents

1 Report Prologue

2 Market Introduction

2.1 Definition 12       

2.2 Scope Of Study 12

2.3 Research Objective 12

2.4 Assumptions & Limitations 13

2.4.1 Assumptions 13

2.4.2 Limitations 13

2.5 Market Structure 14

3 Research Methodology

3.1 Primary Research Methodology 16

3.2 Secondary Research Methodology 17

3.3 Market Share Analysis 17

3.4 Market Pricing Approach 18

4 Market Dynamics

4.1 Introduction 19

4.2 Drivers 20

4.2.1 Increasing Prevalence Of Chronic Diseases 20

4.2.2 Rising Economic Growth 21

TOC Continued……!

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