Medical Devices Market to Reach USD 6170.72 Billion by 2025, at a healthy CAGR of 22%

Medical Devices Market Synopsis

Market Research Future (MRFR) studied the Medical Devices Market 2020 across the review period 2018 to 2025. By 2025, the medical devices market is expected to rise at 22% CAGR. The medical device market can churn about USD 6170.72 Bn by the end of the review period. COVID 19 analysis of the medical devices market is offered with the report. The growing demand for disposable medical devices can support the market rise. The increase in need for disruptive medical devices for prevention, diagnose, and prognosis of health ailments can promote the medical device market through the review period. The increase in demand for surgical equipment can impact the worldwide medical devices market in the near future. Expansion of patient pool, increase in cases of accidents, and hike in R&D investment can boost the effective medical solutions in the near future. The penetration of disruptive medical technologies can bolster the rise of medical devices market growth across the review period. However, high healthcare expenses can restrain the medical devices market through the review period.

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Medical Devices Market Segmental Outline

The segment analysis of the global medical devices market is done by product type, therapeutic application, and end users.

The product type-based segments of the medical devices market are monitoring devices, diagnostic devices, drug delivery devices, surgical devices, bio-implants and stimulation devices, and treatment equipment among others. The sub-segments of the monitoring devices segment are cardiac monitoring devices, neuromonitoring devices, respiratory monitoring devices, multi-parameter monitoring devices, hemodynamic monitoring devices, Fetal and neonatal monitoring devices, weight monitoring devices, and temperature monitoring devices. The sub-segments of the diagnostic devices segment are endoscopes, imaging devices, and surgical ENT devices among others. The upsurge of the medical devices market can be credited to the rise in the demand for diagnostic devices.

The therapeutic application-based segments of the medical devices market are gastrointestinal surgery, general surgery, orthopedic, respiratory, diagnostic imaging, cardiovascular, dental, neurology, ophthalmology, ear-nose-throat (ENT), nephrology, and urology among others. The rise in cases of chronic patients can support the growth of the medical devices market across the review period.

The end-user-based segments of the medical devices market are hospitals & clinics, diagnostic centers, research laboratories, and pharmaceutical companies.

Medical Devices Market Regional Outline

Trends and factors that are can impact the regional progress of the medical devices market is studied across Europe, APAC, the Americas, and the MEA. In North America, the medical devices market can head the regional market across the analysis period. The medical devices market in North America is poised to surge registering a decent valuation. In Europe, the expansion of the medical device market can generate considerable revenue across the analysis period. In Asia Pacific, the market of medical device market can exhibit a healthy CAGR in the analysis period. Japan and India are observed to deploying modern, advanced technologies for uninterrupted operation of medical devices that can promote the expansion of the medical devices market through the review period. The presence of a high number of medical devices suppliers and developers across the region can support the market expansion. In Europe and regions of North America, increase in export trading activities associated with different medicine-centric gadgets can promote the medical devices market that are listed by MRFR.

Medical Devices Market Key Players

GE Healthcare (US), Medtronic (Ireland), Stryker (US), Fresenius (Germany), Biotelemetry Inc. (US), Johnson & Johnson (US), Siemens (Germany), Abbott Laboratories (US), Abiomed Inc. (US), Boston Scientific Corp. (US), Becton Dickinson (US), Accuray Inc. (US), Baxter International Inc. (US), Bio Rad Laboratories Inc. (US), and Angiodynamics Inc. (US) are some reputed key players that are operating in the worldwide medical devices market that are listed by MRFR.

Table Of Contents

REPORT PROLOGUE
MARKET INTRODUCTION
2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

RESEARCH METHODOLOGY
3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

MARKET DYNAMICS
4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

MARKET FACTOR ANALYSIS
....TOC Continued

LIST OF TABLES

TABLE 1 GLOBAL MEDICAL DEVICES MARKET SYNOPSIS, 2019–2025

TABLE 2 GLOBAL MEDICAL DEVICES MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)

TABLE 3 GLOBAL MEDICAL DEVICES MARKET, BY PRODUCT TYPE, 2019–2025 (USD MILLION)

TABLE 4 GLOBAL MEDICAL DEVICES MARKET, BY THERAPEUTIC APPLICATION, 2019–2025 (USD MILLION)

TABLE 5 GLOBAL MEDICAL DEVICES MARKET, BY END USER, 2019–2025 (USD MILLION)

TABLE 6 GLOBAL MEDICAL DEVICES MARKET, BY REGION, 2019–2025 (USD MILLION)

...Continued

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE OF THE GLOBAL MEDICAL DEVICES MARKET

FIGURE 3 MARKET DYNAMICS OF THE GLOBAL MEDICAL DEVICES MARKET

FIGURE 4 GLOBAL MEDICAL DEVICES MARKET SHARE, BY PRODUCT TYPE, 2018 (%)

FIGURE 5 GLOBAL MEDICAL DEVICES MARKET SHARE, BY THERAPEUTIC APPLICATION, 2018 (%)

FIGURE 6 GLOBAL MEDICAL DEVICES MARKET SHARE, BY END USER, 2018 (%)

...Continued

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