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With 3.0% CAGR, Impact of COVID-19 on the Medical Devices Market Size to Touch $ 461 billion by 2021

08-30-2021 07:38 AM CET | Health & Medicine

Press release from: Fortune Business Insights Pvt. Ltd.

With 3.0% CAGR, Impact of COVID-19 on the Medical Devices Market

The global medical devices market size is expected to decline by more than two percentage points, reaching USD 461 billion at a CAGR of 3.0% by 2020. Fortune Business Insights™ provides an in-depth analysis on the short-term impact of the COVID-19 outbreak on this market in its newest report, titled “Global Medical Devices Market – Impact of Covid-19”. The report addresses the following questions:

How will the global medical devices market get affected in the short- and long-term by the COVID-19 pandemic?
What kind of impact will the coronavirus outbreak have on the regional prospects of the global medical devices market?
How will the pandemic affect the upcoming market opportunities?
How has the global medical devices market been segmented vis-à-vis the COVID-19 outbreak?
What has been the governmental response to this pandemic?
How are the key players responding to this phenomenon and what are the strategies they are implementing?
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/covid-19-impact-medical-devices-market-102629

Leading Players operating in the Impact of COVID-19 on the Medical Devices Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Medtronic PLC
Abbott
Siemens Healthineers
Koninklijke Philips N.V.
Stryker Corporation
F. Hoffman-La Roche
Becton Dickinson
GE Healthcare
Boston Scientific Corporation
Key questions answered in the report:

What will the market growth rate of Impact of COVID-19 on the Medical Devices Market in 2026?

What are the key factors driving the global Impact of COVID-19 on the Medical Devices Market?

Who are the key manufacturers in Impact of COVID-19 on the Medical Devices Market space?

What are the market opportunities, market risk and market overview of the Impact of COVID-19 on the Medical Devices Market?

What are sales, revenue, and price analysis of top manufacturers of Impact of COVID-19 on the Medical Devices Market?

Who are the distributors, traders and dealers of Impact of COVID-19 on the Medical Devices Market?

What are the Impact of COVID-19 on the Medical Devices Market opportunities and threats faced by the vendors in the global Robotic Surgical Procedures industry?

What are sales, revenue, and price analysis by types and applications of Impact of COVID-19 on the Medical Devices Market?

What are sales, revenue, and price analysis by regions of Robotic Surgical Procedures industry?

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

Differing Level of Impact of the COVID-19 Pandemic across Regions

Owing to a strong presence of major medical devices companies, the market size in North America stood at USD 177 billion in 2019, with the region holding 39% of the medical devices market share. Thus, North America is set to emerge as the leading region in this market. The impact of the coronavirus outbreak on the other regions in the world will depend on factors such as preparedness of healthcare systems to tackle the crisis, per capita healthcare spending, adoption of minimally invasive diagnostics and treatments, and government initiatives to spread awareness about the disease and its prevention. For instance, the market in Europe is likely to surge as the demand for essential medical devices is skyrocketing due to the unprecedented rate of the spread of the disease in Italy, Spain, France, and the UK.

Reasons to Purchase this Report:

Comprehensive analysis of the Impact of COVID-19 on the Medical Devices Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/covid-19-impact-medical-devices-market-102629

Massive Supply Chain Disruptions to Hamper the Market

The COVID-19 outbreak has had a crippling effect on the global supply chain and logistics. With a large number of major economies such as India and Italy going under prolonged periods of lockdown, transfer of medical devices and services across international borders has been severely stymied. More importantly, majority of the world’s leading medical devices companies have their manufacturing facilities stationed in China. Being the epicenter of the outbreak, China has suspended most of its industrial activities. As a result, timely delivery of necessary medical devices has been affected and the medical devices market trends have been negatively impacted in the process.

Industry Developments:

April 2020: Siemens Healthineers introduced and made available the company’s molecular Fast Track Diagnostics SARS-CoV-2 Assay test kit. In the European Union (EU), the test kits are indicated for research use only, while the company is pursuing the US FDA to issue an Emergency Use Authorization (EUA) clearance for the kit in the country.
March 2020: The US Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) for Abbott’s molecular point-of-care test kit for rapid detection of the COVID-19. Running on the company's ID NOW™platform, the kit will provide positive results in less than 5 minutes and negative results within 13 minutes.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

KEY QUESTIONS ANSWERED:

What are the key technological and Impact of COVID-19 on the Medical Devices Market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
Why Choose Fortune Business Insights?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the Impact of COVID-19 on the Medical Devices Market growth?
Table of Content:

1 Impact of COVID-19 on the Medical Devices Market Overview

1.1 Impact of COVID-19 on the Medical Devices Product Overview

1.2 Impact of COVID-19 on the Medical Devices Market Segment by Type

1.3 Global Impact of COVID-19 on the Medical Devices Market Size by Type (2015-2027)

1.3.1 Global Impact of COVID-19 on the Medical Devices Market Size Overview by Type (2015-2027)

1.3.2 Global Impact of COVID-19 on the Medical Devices Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Impact of COVID-19 on the Medical Devices Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Impact of COVID-19 on the Medical Devices Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Impact of COVID-19 on the Medical Devices Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Impact of COVID-19 on the Medical Devices Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Impact of COVID-19 on the Medical Devices Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Impact of COVID-19 on the Medical Devices Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Impact of COVID-19 on the Medical Devices Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Impact of COVID-19 on the Medical Devices Sales Breakdown by Type (2015-2027)

1.4.2 Europe Impact of COVID-19 on the Medical Devices Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Impact of COVID-19 on the Medical Devices Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Impact of COVID-19 on the Medical Devices Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Impact of COVID-19 on the Medical Devices Sales Breakdown by Type (2015-2027)

2 Global Impact of COVID-19 on the Medical Devices Market Competition by Company

2.1 Global Top Players by Impact of COVID-19 on the Medical Devices Sales (2015-2021)

2.2 Global Top Players by Impact of COVID-19 on the Medical Devices Revenue (2015-2021)

2.3 Global Top Players Impact of COVID-19 on the Medical Devices Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Impact of COVID-19 on the Medical Devices Manufacturing Base Distribution, Sales Area, Product Type

2.5 Impact of COVID-19 on the Medical Devices Market Competitive Situation and Trends

2.5.1 Impact of COVID-19 on the Medical Devices Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Impact of COVID-19 on the Medical Devices Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Impact of COVID-19 on the Medical Devices as of 2019)

2.7 Date of Key Company Enter into Impact of COVID-19 on the Medical Devices Market

2.8 Key Company Impact of COVID-19 on the Medical Devices Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Impact of COVID-19 on the Medical Devices Status and Outlook by Region (2015-2027)

3.1 Global Impact of COVID-19 on the Medical Devices Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Impact of COVID-19 on the Medical Devices Market Size Market Share by Region (2015-2021)

3.2.1 Global Impact of COVID-19 on the Medical Devices Sales Market Share by Region (2015-2021)

3.2.2 Global Impact of COVID-19 on the Medical Devices Revenue Market Share by Region (2015-2021)

3.2.3 Global Impact of COVID-19 on the Medical Devices Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global Impact of COVID-19 on the Medical Devices Market Size Market Share by Region (2021-2027)

3.3.1 Global Impact of COVID-19 on the Medical Devices Sales Market Share by Region (2021-2027)

3.3.2 Global Impact of COVID-19 on the Medical Devices Revenue Market Share by Region (2021-2027)

3.3.3 Global Impact of COVID-19 on the Medical Devices Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

3.4.1 North America Impact of COVID-19 on the Medical Devices Revenue By Growth (2015-2027)

3.4.2 North America Impact of COVID-19 on the Medical Devices Sales By Growth (2015-2027)

3.5 Asia-Pacific Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific Impact of COVID-19 on the Medical Devices Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific Impact of COVID-19 on the Medical Devices Sales By Growth (2015-2027)

3.6 Europe Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

3.6.1 Europe Impact of COVID-19 on the Medical Devices Revenue By Growth (2015-2027)

3.6.2 Europe Impact of COVID-19 on the Medical Devices Sales By Growth (2015-2027)

3.7 Latin America Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

3.7.1 Latin America Impact of COVID-19 on the Medical Devices Revenue By Growth (2015-2027)

3.7.2 Latin America Impact of COVID-19 on the Medical Devices Sales By Growth (2015-2027)

3.8 Middle East and Africa Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa Impact of COVID-19 on the Medical Devices Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa Impact of COVID-19 on the Medical Devices Sales By Growth (2015-2027)

4 Global Impact of COVID-19 on the Medical Devices by Application

4.1 Impact of COVID-19 on the Medical Devices Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global Impact of COVID-19 on the Medical Devices Sales by Application: 2015 VS 2021 VS 2027

4.3 Global Impact of COVID-19 on the Medical Devices Historic Sales by Application (2015-2021)

4.4 Global Impact of COVID-19 on the Medical Devices Forecasted Sales by Application (2021-2027)

4.5 Key Regions Impact of COVID-19 on the Medical Devices Market Size by Application

4.5.1 North America Impact of COVID-19 on the Medical Devices by Application

4.5.2 Europe Impact of COVID-19 on the Medical Devices by Application

4.5.3 Asia-Pacific Impact of COVID-19 on the Medical Devices by Application

4.5.4 Latin America Impact of COVID-19 on the Medical Devices by Application

4.5.5 Middle East and Africa Impact of COVID-19 on the Medical Devices by Application

5 North America Impact of COVID-19 on the Medical Devices Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America Impact of COVID-19 on the Medical Devices Sales Market Share by Country (2015-2021)

5.1.2 North America Impact of COVID-19 on the Medical Devices Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America Impact of COVID-19 on the Medical Devices Sales Market Share by Country (2021-2027)

5.2.2 North America Impact of COVID-19 on the Medical Devices Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

5.3.2 Canada Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

6 Europe Impact of COVID-19 on the Medical Devices Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe Impact of COVID-19 on the Medical Devices Sales Market Share by Country (2015-2021)

6.1.2 Europe Impact of COVID-19 on the Medical Devices Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe Impact of COVID-19 on the Medical Devices Sales Market Share by Country (2021-2027)

6.2.2 Europe Impact of COVID-19 on the Medical Devices Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

6.3.2 France Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

6.3.3 U.K. Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

6.3.4 Italy Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

6.3.5 Russia Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7 Asia-Pacific Impact of COVID-19 on the Medical Devices Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific Impact of COVID-19 on the Medical Devices Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific Impact of COVID-19 on the Medical Devices Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific Impact of COVID-19 on the Medical Devices Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific Impact of COVID-19 on the Medical Devices Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.2 Japan Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.3 South Korea Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.4 India Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.5 Australia Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.6 Taiwan Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.7 Indonesia Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.8 Thailand Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.9 Malaysia Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

7.3.10 Philippines Impact of COVID-19 on the Medical Devices Market Size By Growth (2015-2027)

Continue…

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