Medical Equipment Market Company Overview and Future Developments 2030 | Medtronic PLC, Johnson & Johnson, Abbott Laboratories

Global Medical Equipment Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.

According to the study, the global medical equipment market is expected to decline from $456.9 billion in 2019 to $442.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.2%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is inadequate production of medical equipment or devices due to the restrictions imposed by governments of various countries to shut down factories or function with minimal staffing to contain the spread of the virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $603.6 billion in 2023.

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Key Players:

Medtronic PLC, Johnson & Johnson, Abbott Laboratories, Becton Dickinson and Co, Siemens Healthineers AG, request samples for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

North America was the largest region in the global medical equipment market, accounting for 39% of the market in 2019. The Asia Pacific was the second largest region accounting for 25% of the global medical equipment market. Africa was the smallest region in the global medical equipment market.

The use of medical devices for the home-based diagnosis and treatment of medical conditions is increasing. Technological developments in devices such as glucose monitors, insulin delivery devices, nebulizers, and oxygen concentrators have enabled the diagnosis and monitoring of many diseases at home. The remote control technology is also allowing healthcare professionals to support home-based treatments which are leading to increased preference for home and self-care treatment.

The medical devices market consists of sales of medical equipment or devices and related services by entities (organizations, sole traders and partnerships) that manufacture medical equipment or devices which are used in the diagnosis, treatment, and monitoring of medical conditions. The medical device industry includes establishments that manufacture medical equipment or devices such as in-vitro diagnostic devices, diagnostic imaging equipment, dental equipment and supplies, ophthalmic devices, cardiovascular devices, hospital supplies, and other medical devices.

Markets Covered:
1) By Type: In-Vitro Diagnostics; Dental Equipment And Supplies; Ophthalmic Devices; Diagnostic Imaging Equipment; Cardiovascular Devices; Hospital Supplies; Surgical Equipment; Orthopedic Devices; Patient Monitoring Devices; Diabetes Care Devices; Nephrology And Urology Devices; ENT Devices; Anesthesia And Respiratory Devices; Neurology Devices; Wound Care Devices
2) By End User: Hospitals And Clinics; Diagnostic Laboratories; Others
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables

Market Segment by Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

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https://www.marketinsightsreports.com/reports/06022059426/medical-equipment-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-in-vitro-diagnostics-dental-equipment-and-supplies-ophthalmic-devices-diagnostic-imaging-equipment-cardiovascular-devices-hospital-supplies-surgical-equipment-orthopedic-devices-patient-monitoring-devices-diabetes-care-devices-nephrology-and-urology-devices-ent-devices-anesthesia-and-respiratory-devices-neurology-devices-wound-care-devices-2-by-end-user-hospitals-and-clinics-diagnostic-laboratories-others-3-by-type-of-expenditure-public-private-4-by-product-instruments-equipment-disposables-covering-medtronic-plc-johnson-johnson-abbott-laboratories-becton-dickinson-and-company-siemens-healthineers-ag?Source=OpenPR&mode=10

Frequently Asked Questions about “Medical Equipment market” :

What will the Medical Equipment market size/ forecast be in 2025?
What is the growth rate (CAGR) of the Medical Equipment market?
Who are the key players/top companies in the Medical Equipment market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Medical Equipment market?
What are the challenges to growth and the new opportunities in the Medical Equipment market?
Which is the highest growing region or country for the Medical Equipment market?
Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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This release was published on openPR.