Press release
Understanding Impact of COVID-19 on Medical Device Technologies Market
According to a recent report compiled by Transparency Market Research (TMR), the competitive landscape of the global medical device technologies market is estimated to show remarkable growth owing to the technological advancements in the health and medical sector. The technological advancements used in medical gadgets has ensured a notable development in terms of treating illness and diagnosing them.Some of the major players of the global medical device technologies market are Baxter International Inc., Boston Scientific Corporation, Johnson & Johnson, Medtronic plc, and Smith & Nephew plc. The market is mostly dominated by companies manufacturing in vitro diagnostic devices as they hold the maximum revenue share of the market. Nevertheless, small players are leaving no stone unturned in order to secure their place in the market worldwide.
Get PDF Sample Copy of Report: (Including TOC, List of Tables & Figures, Chart) : https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11705
As per the TMR report, the global medical device technologies market is anticipated to earn US$563.8 bn by the end of 2025. The market is estimated to expand with a CAGR of 4.6% within the forecast period of 2017 to 2025. Based on end user, academics and hospitals and research segment is seen to be leading the market share. From a geographical perspective, the market is seen to be dominated by North America followed by Europe.
medical device technologies market
North America to Dominate Market with Critical Therapeutic Treatment
The market for medical device technologies is mainly dominated by the regions of North America, Middle East and Africa, Asia Pacific, Europe and Latin America. Among these, the market in North America is seen to be holding the lion’s share owing to the increase in the number of patients of both metabolic as well as chronic diseases like cancer, and cardiovascular diseases. These kind of diseases demand both critical therapeutic treatment and diagnosis along with extra care of the patient. The presence of numerous manufacturers in the region is also drawing more revenue generation of the North American region. Apart from that, automated medical processes demand is also expected to fuel the medical device technologies market in the years to come.
REQUEST FOR COVID19 IMPACT ANALYSIS – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=11705
Medical sector technologies have also brought out to be sustainable, productive as well as efficient in terms of healthcare facilities. It is also accompanied by smart gadgets like ultrasound systems, and constant glucose monitoring system along with other medical devices. At present, many clinics and hospitals are focusing more on installation of automated processes and implementing them in order to lower the possibility of errors as it is concerned with the patient’s wellbeing. This is further adding to draw more revenue share into the overall market, hence boosting the market growth. Other factors anticipated to boost the demand for medical device technologies in the market are quick and steady data analysis along with workflow automation.
Non-License Technology Affecting Market Growth in Negative Light
Although the medical device technologies market is seeing rapid growth, factors like the increasing incidence of non-license technology for integrating biomedical devices may act as a hindrance to the overall growth of the market in the future years to come. However, the introduction of hi-tech devices bringing positive results have offered lucrative opportunities for the future growth of the market in the long run.
Read our Case study at : https://www.transparencymarketresearch.com/casestudies/innovative-medical-device-manufacturing-start-up
The information presented in this review is based on a TMR report, titled, “Medical Device Technologies Market (Device Type – In Vitro Diagnostic (IVD) Devices, Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmology Devices, Endoscopy Devices, Diabetes Care Devices, Wound Management Devices, Kidney/Dialysis Devices, Anesthesia and Respiratory Care Devices; End-users – Academics and Research, Hospitals, Clinics, Diagnostic Centers, and Ambulatory Surgical Centers) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.
The global medical device technologies market has been segmented as follows:
Global Medical Device Technologies Market by Device Type
In Vitro Diagnostic (IVD) Devices
Cardiology Devices
Diagnostic Imaging Devices
Orthopedic Devices
Ophthalmology Devices
Endoscopy Devices
Diabetes Care Devices
Wound Management Devices
Kidney/Dialysis Devices
Anesthesia and Respiratory Care Devices
Global Medical Device Technologies Market by End User
Academics And Research
Hospitals
Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Global Medical Device Technologies Market by Region
North America
Canada
U.S.
Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
GCC Countries
Rest of Middle East & Africa
More Trending Reports by Transparency Market Research – 1. https://www.prnewswire.com/news-releases/global-hemorrhoid-treatment-devices-market-to-grow-at-over-4-6-cagr-from-2018-to-2026-transparency-market-research-301001722.html
2. https://www.biospace.com/article/atopic-dermatitis-drugs-market-exponential-growth-of-biologic-drugs-favor-market-growth/
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Understanding Impact of COVID-19 on Medical Device Technologies Market here
News-ID: 2120124 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Device
Global Watch Clock Measuring Device Market | Watch Clock Measuring Device Indust …
Watch, clock and measuring device market comprises of the sales of watch, clock, measuring device & related services to measure the time and physical quantity. Watch is portable timepiece, which is worn by people around the wrist, attached by a strap. Clock is a device used to measure and indicate time, using the pointers moving over a dial. Measuring device is an instrument used for measuring the various parameters in…
PC-Based Resting Electrocardiograph Market Value Share, Analysis and Segments 20 …
Cardiovascular diseases are a leading cause of death all over the world, and hence need to be treated as soon as possible after their diagnosis. PC-based ECG machines are one of the most reliable machines that can used to detect, diagnose, and capture highly useful data, which can be used for initiating relevant treatment procedures. Thanks to the various benefits provided by these devices, a distinct PC-based electrocardiograph market exists…
Peripheral Vascular Device Market Size, Peripheral Vascular Device Market Share, …
Global Peripheral Vascular Device Market Size is observed to gain traction owing to the factors such as increasing research and development for developing several new product, and rising funding by the private organizations.
Request for Sample of This Research Report @ https://bit.ly/2xjOKpC
Top Key Player:-
Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
Peripheral vascular disorder (PVD) is a blood circulation disorder…
Medical Device Technologies Market - The Evolution of Medical Device Technologie …
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario in…
Energy Based Device in Hyperhidros Market Report 2018: Segmentation by Product ( …
Global Energy Based Device in Hyperhidros market research report provides company profile for Alma Lasers, ThermiAesthetics, Ulthera, Valeant, Cynosure, Miramar Lab, Fotona and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
Timing Device Market
Asia Pacific traffic sensor market is expected to hold the majority share due to the adoption of technologically-advanced systems. Growing urban population and the increasing need for real-time information systems in the region will propel the traffic sensor market growth. Growing urban population in countries including India, China, Japan, and South Korea is increasing the strain on the traffic management solutions. This is encouraging the governments to invest increasingly in…
