openPR Logo
Press release

Medical Device Technologies Market to Expand at 4.6% CAGR Through 2025

04-08-2021 02:10 AM CET | Health & Medicine

Press release from: Fact.MR

Medical Device Technologies Market

Medical Device Technologies Market

The medical device technologies market is poised to embark on a moderate growth trajectory, expanding at a CAGR of 4.6% during the period (2020-2025). Rising preference for minimally invasive surgeries is anticipated to fuel the market growth in the future. Such procedures are increasingly utilizing technologies such as robotics to achieve precision in surgical operations. In addition, the usage of medical images has augmented within all health systems. Various imaging modalities such as projection radiography, MRI, CAD/CAM technology and CT scanning techniques provide relevant patient information. Also, platforms such as implantable miniature telescopes, smart adapter and premium intraocular lenses (IOLs) have revolutionized domains such as ophthalmology.

To get in-depth information view the report @https://www.factmr.com/report/4828/medical-device-technologies-market

The onset of the coronavirus pandemic, however, is anticipated to downsize the medical device technologies market during the short-term forecast. As healthcare providers are reorienting their operations towards the eradication of the pandemic, other elective procedures have taken a backseat. This is expected to reduce the demand for technologically enhanced devices for the same. However, the market will accelerate in high gear in the post-pandemic scenario when healthcare operations revert to a normal scale.

Key Takeaways of the Medical Device Technologies Market Study

By device type, sales of diabetes care devices show healthy growth, registering a CAGR of 6.0% during the forecast period. This is attributed to growing proportion of diabetic population across the world.
Adoption of medical device technologies in hospitals continues to influence growth strategies, capturing more than 30% of the total market revenue.

For more insights into the Market, Request a Sample of this Report @https://www.factmr.com/connectus/sample?flag=S&rep_id=4828

Rising investment in healthcare infrastructure has led to an increase in the number of hospitals constructed to provide advanced medical treatment. This is anticipated to be an important growth determinant.
By region, North America will maintain lead in the medical device technologies market, capturing almost 2/5th of the global market value.
Asia-Pacific is expected to create credible growth opportunities for key players, with the market growth expanding at a CAGR of 6.6% through 2025.
Increasing prevalence of chronic diseases and rising geriatric population are driving market expansion across both regions.
“Significant technological advancements in medicine have necessitated adoption of sophisticated medical devices to aid surgical procedures. Rising demand for minimally invasive surgeries to reduce patient trauma is anticipated to fuel the market growth,” says the Fact.MR analyst.

Get Access To Research Methodology Prepared By Experts@https://www.factmr.com/connectus/sample?flag=RM&rep_id=4828

Medical Device Technologies Market: Competition Insights

The medical devices technologies market shows a high level of fragmentation, with a growing number of market players competing to collaborate with hospitals, clinics and research institutes. The degree of competition is high due to low switching costs by hospitals and the availability of similar products from different companies.

Some prominent players in the medical device technologies market are: Medtronic plc, Johnson & Johnson, Siemens Healthineers, GE Healthcare, F. Hoffmann La Roche Ltd., Phillips Healthcare, Baxter International, Boston Scientific Corporation, Abbott Laboratories and Cardinal Health among others.

Market players are focusing in product differentiation and reduced time-to-market for their products. For instance, structural heart therapy offered by Boston Scientific Corporation is one of the most rapidly growing segments of the medical devices technologies market. The segment is highly synergistic with rhythm management and interventional cardiology business. Likewise, Baxter International is in the process of launching about 50 products in the next five years which includes acute and renal care products with enhanced technological improvements.

To get in-depth insights on the regional landscape of the market, ask an analyst here @
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4828

COVID-19 Impact Analysis

The ongoing novel coronavirus pandemic has crippled the entire world, suspending all businesses and disrupting supply chains. Mandatory social distancing measures have compelled companies to cut down on their production cycles, leading to a disruption in the demand-supply equation. The healthcare industry is especially facing a significant challenge as there seem to be no signs of the abatement of the pandemic.

The medical device technologies market is anticipated to register a significant downturn in the midst of the pandemic. With hospitals and other healthcare settings reorienting their priorities, patients are delaying their elective surgical procedures, leading to a drop in the demand of technologically enhanced devices. At the same time, it can be argued that market prospects will broaden owing to ongoing investigations for designing possible diagnostic tests for detecting the SARS-CoV-2 in existing as well as formerly infected patients. The market is anticipated to rebound in the aftermath of the pandemic, when medical operations normalize, restoring the existing future growth predictions.

Looking for more information?

The research study on the medical device technologies market by Fact.MR incorporates an unbiased assessment of key factors and trends responsible for shaping the landscape of the medical device technologies market over 2020-2025. It includes a detailed assessment of key parameters that are anticipated to exert influence during 2020-2025. Market statistics have been presented on the basis of 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 and others) and end-users (academics and research, hospitals, clinics, diagnostic centers, ambulatory surgery centers and others) across five major regions.

Research Insight: https://www.factmr.com/report/4828/medical-device-technologies-market
Content Source:https://www.factmr.com/media-release/1595/global-medical-device-technologies-market

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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 Medical Device Technologies Market to Expand at 4.6% CAGR Through 2025 here

News-ID: 2267462 • Views: 185

More Releases from Fact.MR

Adhesion promoters market: business opportunities, current trends, challenges & …
Adhesion Promoters Market: Overview and Dynamics Adhesion promoters are widely used in the development and manufacture of numerous products. It covers the layer of material or the skin of material to enhance the adhesion capabilities of an adhesion promoter. Regarding the efficacy of the end application of adhesion products in a variety of paint, coating, and plastic applications, the physical state of the interface is a major solicitation factor. The market for
5-hydroxytryptophan market near term outlook to remain stunted owing to covid-19 …
5-Hydroxytryptophan Market: Overview and Dynamics The important amino acid precursor used in serotonin formulations is 5-hydroxytryptophan. It is also known as the neurotransmitter precursor of the melatonin hormone. It serves as a booster for serotonin synthesis. With the changing lifestyle of people, stiffness in people’s lives is increasing this is booming the demand for 5-hydroxytryptophan. In comparison to Tryptophan, 5-hydroxytryptophan can easily cross the blood-brain barrier that makes it easy to
Plant-based Fish Market worth US$ 1.3 Billion by 2031 - Exclusive Report by Fact …
As environmental concerns associated with meat and seafood consumption heighten, consumers are turning towards more nature-friendly alternatives, prompting a slew of start-up companies to offer a broad range of plant-based product offerings. Sales of plant-based food products have witnessed unprecedented gains in recent years, with the global food & beverage market experiencing extensive marketing and promotion campaigns for the same. According to the U.S. Department of Agriculture, the average quantity of
04-10-2021 | Health & Medicine
Fact.MR
Europe to Take Large Share in Global Telestroke Services Market, While North Ame …
Telestroke services is a sub-category of telemedicine, which is often used for medical consultations in rural areas that facilitate care of patients with acute stroke at underserviced hospitals. The telestroke service’s benefit is expected to give appraisal, administration, analysis, and demeanor basic leadership administrations to patients with intense stroke. The Various type of telestroke services provided to acute stroke patients, Videoconferencing technologies play an imperative role in telestroke services that

All 5 Releases


More Releases for Medical

Medical Tourism Business
Medical Tourism businesses are experiencing sudden whoop in the industry. It is because of the availability of great procedures, technologies, infrastructure, and medicines required. It is projected that the Medical Tourism sector will progress to $8.2-9 Billion by 2025. In the market data, it clearly shows, the demand for healthcare services is rapidly growing, and it is potential for the business to enter the market. As the modern trends, awareness,
Medical Defibrillator(Monophasic)
Asynchronizer:External defibrillator Charging time:At 360J less than 10 sec Paddle configuration:Reusable extermal adult and pediatric paddles Operates from the mains (AC) and with its intemal Lead-acid battery Jiangsu Medwish Network Technology Co., Ltd. is located in Jiangsu, China. It is in a beautiful, clean and convenient environment. We are a professional manufacturer engaged in the research, development, production, sales and export of medical equipment. At the same time, we have a professional foreign
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Global Tracheostomy Tube (Tracheotomy Tube) Market 2018 - Medtronic, Teleflex Me …
The Global Tracheostomy Tube (Tracheotomy Tube) Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Tracheostomy Tube (Tracheotomy Tube) industry. Firstly, Tracheostomy Tube (Tracheotomy Tube) Market report provides a basic overview of the Tracheostomy Tube (Tracheotomy Tube) industry including definitions, classifications, applications and Tracheostomy Tube (Tracheotomy Tube) industry chain structure. Global Tracheostomy Tube (Tracheotomy Tube) Market analysis is provided for the international market
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ https://www.researchtrades.com/discount/1445183 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and