Press release
Medical Device Technologies Market – Expected To Open Up New Growth Avenues In The Near Future 2027 JOHNSON & JOHNSON SERVICES, General Electric Company, Smith & Nephew, Stryker, Medtronic, Siemens Healthcare Private Limited, KONINKLIJKE PHILIPS
The Medical Device Technologies Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2019 – 2027, considering 2019 as the base year and 2019 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.Medical device technologies market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global medical device technologies market based on device type and end user. It also provides market size and forecast till 2027 for overall medical device technologies market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
By region, North America held the largest share in 2017 in the medical device technologies market. The large share of the segment is due to factors like the presence of a large number of major market players, the increasing prevalence of chronic conditions, favorable healthcare policies, and increasing preference of the patients for minimally invasive surgeries. These factors contribute to the segment's dominance throughout the forecast period. Asia-Pacific expecting high growth for the medical device technologies market due to increasing number of healthcare facilities, large patient population and growing healthcare expenditures,. The high potential for cost-savings on medical procedures in Asian countries such as Singapore, India and Thailand will also boost the market growth in this region.
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The List of Companies
1. JOHNSON & JOHNSON SERVICES, INC.
2. GENERAL ELECTRIC
3. SMITH & NEPHEW
4. STRYKER
5. MEDTRONIC
6. SIEMENS HEALTHCARE PRIVATE LIMITED
7. KONINKLIJKE PHILIPS N.V.
8. F. HOFFMANN-LA ROCHE LTD
9. ABBOTT.
10. BOSTON SCIENTIFIC CORPORATION
Medical devices consists of broad spectrum of health instruments used for therapeutic or diagnosis of a medical condition. There are 3 classes of medical devices: Class I devices, Class II devices and Class III devices. Class I devices are devices with lowest risk to the patient for example bandages, handheld surgical instruments, and nonelectric wheelchairs. Class II devices are devices with intermediate-risk for example computed tomography (CT) scanners or infusion pumps. Class III devices are highest risk devices like pacemakers and deep-brain stimulators.
The medical device technologies market is expected to witness growth during the forecast period due to increasing incidences of chronic diseases like cardiovascular, hypertension, diabetes, cancer, and respiratory disorders and others and major market players involved in the medical device technologies market. Also the rapid adoption of technologically advanced devices and preference for minimally invasive surgeries and developing treatment approaches are expected to boost the market growth. Also the development of robotically-assisted surgeries and advanced implants are expected to play a pivotal role in the development of medical device technologies market. However, stringent regulations for medical device technologies market surgery may hamper the market growth.
Key Benefits-
• To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in the global Medical Device Technologies market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
Fundamentals of Table of Content of Research:
Executive summary
Scope of the report
Market research methodology
Introduction
Market drivers
Market trends
Market segmentation by product
Geographical segmentation
Market challenges
Impact of drivers and challenges
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Several important key questions answer covered in this Medical Device Technologies market research report:
• What is Medical Device Technologies Market forecasts (2019-2027)? – Considering Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
• What is status of Medical Device Technologies Market? -This Overview Includes Analysis of Scope, Prospect, Growth trend, Sales by regions, manufacturers, types and applications.
• What trends, challenges and barriers are influencing its growth?
• Who Are Medical Device Technologies Market Key Manufacturers?
• What will be the market size and the growth rate in 2027? -What are the key factors driving the global Medical Device Technologies market?
• What are the key outcomes of the distinct analysis of the world Medical Device Technologies Market-Analysis done by considering prime elements?
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