Medical Device Technologies Market 2021 Global Outlook - Abbott Laboratories Inc, Boston Scientific Corporation, F. Hoffmann-La Roche Ltd, GE Healthcare

Global Medical Device Technologies Market Size and Forecast to 2021 – 2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Medical Device Technologies data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as Abbott Laboratories Inc, Boston Scientific Corporation, F. Hoffmann-La Roche Ltd, GE Healthcare (GE Company), Johnson & Johnson, Medtronic PLC, Koninklinje Philips NV, Siemens Healthineers (Siemens AG), Smith & Nephew PLC, Stryker Corporation.

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The medical devices market is estimated to witness a CAGR of around 5.7% over the forecast period. 

Market Trends:

Cardiology Devices Segment is Expected to Hold a Major Market Share in the Medical Device Market

According to the American Heart Association Research, approximately 2,300 Americans die due to cardiovascular diseases each day, an average of one death every 38 seconds. Lifestyle-related changes, eating habits, and stress lead to several heart diseases and this is the foremost cause of deaths across the world and the need for cardiac devices for treatment. In addition, as per the World Heart Federation, coronary heart disease is now the leading cause of death worldwide. An estimated 3.8 million men and 3.4 million women die each year from coronary heart disease. In addition, 80% of the deaths occur in low- and middle-income countries.

Moreover, innovations are leading the early part of the 21st century, and the effect on cardiovascular devices has been specifically significant. Keeping up and determining the relevance of these inventions and their role in patient care is a relentless challenge and opportunity for providers, as well as scientists. Thus, the high prevalence of cardiovascular diseases across the world cardiology devices segment is expected to show growth over the forecast period.

Market Segmentation:

By Types:

Software Solutions
Imaging
Biological Derived Devices
Diagnostic Equipment
Other

By Applications:

Hospitals
Clinics
Other

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Regional Analysis:

North America Dominates the Market and is Expected to Continue the Same during the Forecast Period

The primary growth driver of the medical devices market is a higher investment of the yearly revenues into product innovation and constant improvement of existing technologies. Mobile health and telemedicine have been growing in the United States, with an increasing rate of adoption.

According to the Centers for Disease Control and Prevention, in the year 2017, coronary heart disease is the most common type of heart disease, killing approximately 365,914 people in the United States. Moreover, about 18.2 million adults age 20 and older have coronary heart disease (CAD), 2 in 10 deaths from Coronary heart disease happen in adults less than 65 years old.

Furthermore, continuous R&D, to develop technologies that benefit the human race, is one of the major driving factors for the US medical devices market. The US bio-implant market is also driven by advanced technologies, including 3D printing, nanotechnology, and laser technology.

The study objectives of this report are:

To study and analyze the global Medical Device Technologies size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2026.
To understand the structure of Medical Device Technologies by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Medical Device Technologies manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Medical Device Technologies with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Medical Device Technologies submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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