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What are the Incredible Possibilities of Medical Technology Market by Regions, Type and Application, Forecast to 2030?

08-03-2021 01:43 PM CET | Health & Medicine

Press release from: Absolute Markets Insights

Medical Technology Market

Medical Technology Market

The global Medical Technology market research is an intelligence report has announced by Absolute Markets Insights which provides insightful data to make informed decisions in the businesses. Primary and secondary research methodologies have been used to discover the correct and applicable data of Medical Technology market. Effective business strategies of the leading key players and new startup industries are studied in detail. It makes use of an effective analysis technique such as SWOT and Porter’s five analysis.

Digital technology has been instrumental in transforming the global medical technology market. Digital transformation coupled with innovation and research are expected to drive the global medical technology market. The advent of AI enabled solutions in the medical field, the cost of products and services is likely to come down, fighting the onslaught of these products. GE Healthcare that partnered with NVIDIA in 2017 has essentially integrated artificial intelligence technology to its 500,000 imaging devices, including the Revolution Frontier computed tomography (CT) system and ultrasound imaging devices, like the Vivid™ E95 and LOGIQ™ E10. This AI technology accelerates reconstruction and visualization of blood flow and improves 2D and 4D imaging for certain imaging solutions.

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The detailed research study provides qualitative and quantitative analysis of the global medical technology market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major medical technology market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

• The global medical technology market has seen a technology breakthrough with the introduction of products like smart inhalers, robotic surgeries, 3D printing in creating implants and the increased use of health wearables and precision medicine in 2019. In, July 2019, Huami Corporation launched a GTR smartwatch in its Amazfit series that monitors heart rate, analyses sleep and tracks exercising supporting 12 sports modes.
• In terms of revenue, the Asia–Pacific medtech market was valued at US$ 91.16 billion in 2018. The region is also expected to witness the highest CAGR over the forecast period followed by Latin America. The region has a huge scope with leading medtech companies bringing out innovative ways to cater to the healthcare needs of the people residing in the region. According to a survey recently undertaken, medtech companies are expected to grow at considerable pace, wherein, China, SEA, and India is expected to exhibit 15 percent,13 percent and 12 percent in less than a decade.
• Medical technology market is anticipated to grow at a CAGR of 17.1% from 2019 to 2027 and reach US$ 2324.34 million by 2027 with Major Key Players
• Key players operating in the medical technology market are Agfa-Gevaert Group, Ambu A/S, BD, bioMérieux SA, Boston Scientific Corporation, Coloplast Corp, Dentsply Sirona, Edwards Lifesciences Corporation, Essilor, General Electric Company, IBM Watson Health, Illumina, Inc., Institut Straumann AG, Intuitive Surgical, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Medtronic, Microsoft, Myriad Genetics, Inc., PathAI, inc., QIAGEN, Sanofi, Sartorius AG, Smith & Nephew, Sonova, Stryker, Thermo Fisher Scientific, Touch Surgery, Verily Life Sciences LLC, Zimmer Biomet. Additive Orthopedics, a medical technology company, created a custom 3D printed bone replacement. Boston Scientific Corporation’s MedSurg, will be launching Exalt-D Single-Use Duodenoscope, which will be duly used in ERCP procedures.

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Key Market Segments of Medical technology market are:

By Component
• Hardware
• Software
• Services

By Application
• Diagnostic Imaging
• In-Vitro Diagnostics
• Orthopedics
• Wound Management
• Dental
• Drug Delivery
• Cardiology
• General and plastic Surgery
• Ophthalmic
• Others

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Contact Us:

Company: Absolute Markets Insights
Email Id: sales@absolutemarketsinsights.com 
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
Website: www.absolutemarketsinsights.com/

About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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