Press release
Global Medical Device Technology Market Size, Industry Trends, Share and Forecast - 2020-2026
The global medical device technology market is growing at a significant CAGR of around 5.4% during the forecast period (2020-2026). Medical device technologies ae referred to the technologies that can assist a healthcare provider in performing diagnosis, treatment and treatment of certain medical condition using medical devices. There are several advanced technologies opening their space in the medical devices market. The major factors driving the global medical device technology market includes technological advancements in medical devices and rising prevalence of chronic diseases, such as CVD and cancer. According to WHO, around 17.9 million fatalities occur each year due to heart diseases, which is estimated to be around 31.0% of the global fatalities.Request a free sample of our report on Global Medical Device Technology Market: https://www.omrglobal.com/request-sample/medical-device-technology-market
In addition, rising cases of diabetes and respiratory healthcare problems and rising geriatric population are other factors offering growth to the medical device technology market. According to WHO, diabetes prevalence has been increasing steadily over the past three decades. In 1980, the diabetic population totaled around 108 million and this number has increased to 415 million in 2015, as per the International Diabetes Federation (IDF). These numbers specify that in present times one in 11 adults is affected with diabetes. Further, the federation projected that the diabetic population is will reach 642 million by 2040. Such rising prevalence of diabetes and other chronic diseases are driving the need for technology pronounced medical devices, which in turn, will offer growth to the market during the forecast period. However, the strict FDA regulations and uncertainty in reimbursement certainly hampers the growth of the global medical device technology market. The safety and security of patients is considered to be the primary objective of the government and the US FDA; as a result, many innovative devices may find it difficult to comply with the FDA rules and regulations.
A full report of Global Medical Device Technology Market Is available at https://www.omrglobal.com/industry-reports/medical-device-technology-market
Global Medical Device Technology Market Segmentation
By Device Type
• In Vitro Diagnostics Devices
• Diagnostic Imaging Devices
• Cardiology Devices
• Ophthalmology Devices
• Orthopedic Devices
• Others (Endoscopy Devices and Respiratory Care Devices)
Regional Analysis
• North America
o United States
o Canada
• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Abbott Laboratories
• Baxter International, Inc.
• Becton, Dickinson and Co.
• Biomerica, Inc.
• bioMérieux SA
• BioSig Technologies Inc.
• Boston Scientific Corp.
• Cardinal Health, Inc.
• F. Hoffmann-La Roche Ltd.
• Fresenius SE & Co. KGaA
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.
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