Press release
Medical Device Market to show impressive growth of 5.64% CAGR during the period 2022-2027 | Novartis AG, GE, Stryker Incorporated, Siemens AG
The Global Medical Device market size is expected to expand at a CAGR of 5.64% during the forecast period, reaching USD 676300 million by 2027 was valued at USD 486500 million in 2021.Medical Device Market explore investment in Market. It classify how companies deploying these technologies across various industry verticals aim to explore its future to become a major business disrupter. The Medical Device study eludes very useful reviews & strategic assessment including the generic market trends, emerging technologies, industry drivers, challenges, regulatory policies that propel the market growth, along with major players profile and strategies. The study includes market share analysis and profiles of players such as Novartis AG, GE, Stryker Incorporated, Siemens AG, Baxter International Inc., Johnson and Johnson, GE Healthcare, Medtronic Inc., Kimberly Clark, Cardinal Healthcare, Boston Scientific, 3M, KGAA, Becton Dickinson, Masimo, Fresenius Medical Care AG and Co, Siemens, Cardinal Health Inc., Koninklijke Philips NV
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Medical Device Market Overviwe:
The global Medical Device market size was valued at USD 486500.0 million in 2021 and is expected to expand at a CAGR of 5.64% during the forecast period, reaching USD 676300.0 million by 2027.
A medical device is defined within the Food Drug & Cosmetic Act as "...an instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article, including a component part, or accessory which is: recognized in the official National Formulary, or the United States Pharmacopoeia, or any supplement to them, intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease, in man or other animals, or intended to affect the structure or any function of the body of man or other animals, and which does not achieve any of it's primary intended purposes through chemical action within or on the body of man or other animals and which is not dependent upon being metabolized for the achievement of any of its primary intended purposes."
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Medical Device market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.
Market split by Type, can be divided into: -
Surgical and Infection Control Devices
Ophthalmic Devices
General Medical devices
Cardiovascular Devices
Orthopedic Devices
Home Healthcare Devices
Others
Market split by Application, can be divided into: -
Hospitals & Ambulatory Surgical Centers (ASCs)
Clinics
Others
Major Key Players of the Market:
Novartis AG
GE
Stryker Incorporated
Siemens AG
Baxter International Inc.
Johnson and Johnson
GE Healthcare
Medtronic Inc.
Kimberly Clark
Cardinal Healthcare
Boston Scientific
3M
KGAA
Becton Dickinson
Masimo
Fresenius Medical Care AG and Co
Siemens
Cardinal Health Inc.
Koninklijke Philips NV
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Market segment by Region/Country including: -
-North America (United States, Canada and Mexico)
-Europe (Germany, UK, France, Italy, Russia and Spain etc.)
-Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
-South America (Brazil, Argentina and Colombia etc.)
-Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.
Political (Political policy and stability as well as trade, fiscal and taxation policies)
Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)
Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)
Technological (Changes in digital or mobile technology, automation, research and development)
Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)
Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)
Key takeaways from the Medical Device market report:
1. Detailed considerate of Medical Device market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
2. Comprehensive valuation of all prospects and threat in the - In depth study of industry strategies for growth of the Medical Device market-leading players.
3. Medical Device market latest innovations and major procedures.
4. Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
5. Conclusive study about the growth conspiracy of Medical Device market for forthcoming years.
To Know How Covid-19 Pandemic Will Impact This Market
Table of Contents:
1 Medical Device Market Overview
1.1 Product Overview and Scope of Medical Device Market
1.2 Medical Device Market Segment by Type
1.2.1 Global Medical Device Market Sales Volume and CAGR (%) Comparison by Type (2017-2027)
1.3 Global Medical Device Market Segment by Application
1.3.1 Medical Device Market Consumption (Sales Volume) Comparison by Application (2017-2027)
1.4 Global Medical Device Market, Region Wise (2017-2027)
1.4.1 Global Medical Device Market Size (Revenue) and CAGR (%) Comparison by Region (2017-2027)
1.4.2 United States Medical Device Market Status and Prospect (2017-2027)
1.4.3 Europe Medical Device Market Status and Prospect (2017-2027)
1.4.4 China Medical Device Market Status and Prospect (2017-2027)
1.4.5 Japan Medical Device Market Status and Prospect (2017-2027)
1.4.6 India Medical Device Market Status and Prospect (2017-2027)
1.4.7 Southeast Asia Medical Device Market Status and Prospect (2017-2027)
1.4.8 Latin America Medical Device Market Status and Prospect (2017-2027)
1.4.9 Middle East and Africa Medical Device Market Status and Prospect (2017-2027)
1.5 Global Market Size of Medical Device (2017-2027)
1.5.1 Global Medical Device Market Revenue Status and Outlook (2017-2027)
1.5.2 Global Medical Device Market Sales Volume Status and Outlook (2017-2027)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the Medical Device Market
2 Industry Outlook
2.1 Medical Device Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of Financial Barriers
2.2.2 Analysis of Technical Barriers
2.2.3 Analysis of Talent Barriers
2.2.4 Analysis of Brand Barrier
2.3 Medical Device Market Drivers Analysis
2.4 Medical Device Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Consumer Preference Analysis
2.7 Medical Device Industry Development Trends under COVID-19 Outbreak
2.7.1 Global COVID-19 Status Overview
2.7.2 Influence of COVID-19 Outbreak on Medical Device Industry Development
3 Global Medical Device Market Landscape by Player
3.1 Global Medical Device Sales Volume and Share by Player (2017-2022)
3.2 Global Medical Device Revenue and Market Share by Player (2017-2022)
3.3 Global Medical Device Average Price by Player (2017-2022)
3.4 Global Medical Device Gross Margin by Player (2017-2022)
3.5 Medical Device Market Competitive Situation and Trends
3.5.1 Medical Device Market Concentration Rate
3.5.2 Medical Device Market Share of Top 3 and Top 6 Players
3.5.3 Mergers & Acquisitions, Expansion
4 Global Medical Device Sales Volume and Revenue Region Wise (2017-2022)
4.1 Global Medical Device Sales Volume and Market Share, Region Wise (2017-2022)
4.2 Global Medical Device Revenue and Market Share, Region Wise (2017-2022)
4.3 Global Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4 United States Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4.1 United States Medical Device Market Under COVID-19
4.5 Europe Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.5.1 Europe Medical Device Market Under COVID-19
4.6 China Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.6.1 China Medical Device Market Under COVID-19
4.7 Japan Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.7.1 Japan Medical Device Market Under COVID-19
4.8 India Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.8.1 India Medical Device Market Under COVID-19
4.9 Southeast Asia Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.9.1 Southeast Asia Medical Device Market Under COVID-19
4.10 Latin America Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.10.1 Latin America Medical Device Market Under COVID-19
4.11 Middle East and Africa Medical Device Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.11.1 Middle East and Africa Medical Device Market Under COVID-19
5 Global Medical Device Sales Volume, Revenue, Price Trend by Type
5.1 Global Medical Device Sales Volume and Market Share by Type (2017-2022)
5.2 Global Medical Device Revenue and Market Share by Type (2017-2022)
5.3 Global Medical Device Price by Type (2017-2022)
5.4 Global Medical Device Sales Volume, Revenue and Growth Rate by Type (2017-2022)
5.4.1 Global Medical Device Sales Volume, Revenue and Growth Rate of Surgical and Infection Control Devices (2017-2022)
5.4.2 Global Medical Device Sales Volume, Revenue and Growth Rate of Ophthalmic Devices (2017-2022)
5.4.3 Global Medical Device Sales Volume, Revenue and Growth Rate of General Medical devices (2017-2022)
5.4.4 Global Medical Device Sales Volume, Revenue and Growth Rate of Cardiovascular Devices (2017-2022)
5.4.5 Global Medical Device Sales Volume, Revenue and Growth Rate of Orthopedic Devices (2017-2022)
5.4.6 Global Medical Device Sales Volume, Revenue and Growth Rate of Home Healthcare Devices (2017-2022)
5.4.7 Global Medical Device Sales Volume, Revenue and Growth Rate of Others (2017-2022)
6 Global Medical Device Market Analysis by Application
6.1 Global Medical Device Consumption and Market Share by Application (2017-2022)
6.2 Global Medical Device Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Medical Device Consumption and Growth Rate by Application (2017-2022)
6.3.1 Global Medical Device Consumption and Growth Rate of Hospitals & Ambulatory Surgical Centers (ASCs) (2017-2022)
6.3.2 Global Medical Device Consumption and Growth Rate of Clinics (2017-2022)
6.3.3 Global Medical Device Consumption and Growth Rate of Others (2017-2022)
7 Global Medical Device Market Forecast (2022-2027)
7.1 Global Medical Device Sales Volume, Revenue Forecast (2022-2027)
7.1.1 Global Medical Device Sales Volume and Growth Rate Forecast (2022-2027)
7.1.2 Global Medical Device Revenue and Growth Rate Forecast (2022-2027)
7.1.3 Global Medical Device Price and Trend Forecast (2022-2027)
7.2 Global Medical Device Sales Volume and Revenue Forecast, Region Wise (2022-2027)
7.2.1 United States Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.2 Europe Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.3 China Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.4 Japan Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.5 India Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.6 Southeast Asia Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.7 Latin America Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.2.8 Middle East and Africa Medical Device Sales Volume and Revenue Forecast (2022-2027)
7.3 Global Medical Device Sales Volume, Revenue and Price Forecast by Type (2022-2027)
7.3.1 Global Medical Device Revenue and Growth Rate of Surgical and Infection Control Devices (2022-2027)
7.3.2 Global Medical Device Revenue and Growth Rate of Ophthalmic Devices (2022-2027)
7.3.3 Global Medical Device Revenue and Growth Rate of General Medical devices (2022-2027)
7.3.4 Global Medical Device Revenue and Growth Rate of Cardiovascular Devices (2022-2027)
7.3.5 Global Medical Device Revenue and Growth Rate of Orthopedic Devices (2022-2027)
7.3.6 Global Medical Device Revenue and Growth Rate of Home Healthcare Devices (2022-2027)
7.3.7 Global Medical Device Revenue and Growth Rate of Others (2022-2027)
7.4 Global Medical Device Consumption Forecast by Application (2022-2027)
7.4.1 Global Medical Device Consumption Value and Growth Rate of Hospitals & Ambulatory Surgical Centers (ASCs)(2022-2027)
7.4.2 Global Medical Device Consumption Value and Growth Rate of Clinics(2022-2027)
7.4.3 Global Medical Device Consumption Value and Growth Rate of Others(2022-2027)
7.5 Medical Device Market Forecast Under COVID-19
8 Medical Device Market Upstream and Downstream Analysis
8.1 Medical Device Industrial Chain Analysis
8.2 Key Raw Materials Suppliers and Price Analysis
8.3 Manufacturing Cost Structure Analysis
8.3.1 Labor Cost Analysis
8.3.2 Energy Costs Analysis
8.3.3 R&D Costs Analysis
8.4 Alternative Product Analysis
8.5 Major Distributors of Medical Device Analysis
8.6 Major Downstream Buyers of Medical Device Analysis
8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Medical Device Industry
9 Players Profiles
9.1 Novartis AG
9.1.1 Novartis AG Basic Information, Manufacturing Base, Sales Region and Competitors
9.1.2 Medical Device Product Profiles, Application and Specification
9.1.3 Novartis AG Market Performance (2017-2022)
9.1.4 Recent Development
9.1.5 SWOT Analysis
9.2 GE
9.2.1 GE Basic Information, Manufacturing Base, Sales Region and Competitors
9.2.2 Medical Device Product Profiles, Application and Specification
9.2.3 GE Market Performance (2017-2022)
9.2.4 Recent Development
9.2.5 SWOT Analysis
9.3 Stryker Incorporated
9.3.1 Stryker Incorporated Basic Information, Manufacturing Base, Sales Region and Competitors
9.3.2 Medical Device Product Profiles, Application and Specification
9.3.3 Stryker Incorporated Market Performance (2017-2022)
9.3.4 Recent Development
9.3.5 SWOT Analysis
9.4 Siemens AG
9.4.1 Siemens AG Basic Information, Manufacturing Base, Sales Region and Competitors
9.4.2 Medical Device Product Profiles, Application and Specification
9.4.3 Siemens AG Market Performance (2017-2022)
9.4.4 Recent Development
9.4.5 SWOT Analysis
9.5 Baxter International Inc.
9.5.1 Baxter International Inc. Basic Information, Manufacturing Base, Sales Region and Competitors
9.5.2 Medical Device Product Profiles, Application and Specification
9.5.3 Baxter International Inc. Market Performance (2017-2022)
9.5.4 Recent Development
9.5.5 SWOT Analysis
9.6 Johnson and Johnson
9.6.1 Johnson and Johnson Basic Information, Manufacturing Base, Sales Region and Competitors
9.6.2 Medical Device Product Profiles, Application and Specification
9.6.3 Johnson and Johnson Market Performance (2017-2022)
9.6.4 Recent Development
9.6.5 SWOT Analysis
9.7 GE Healthcare
9.7.1 GE Healthcare Basic Information, Manufacturing Base, Sales Region and Competitors
9.7.2 Medical Device Product Profiles, Application and Specification
9.7.3 GE Healthcare Market Performance (2017-2022)
9.7.4 Recent Development
9.7.5 SWOT Analysis
9.8 Medtronic Inc.
9.8.1 Medtronic Inc. Basic Information, Manufacturing Base, Sales Region and Competitors
9.8.2 Medical Device Product Profiles, Application and Specification
9.8.3 Medtronic Inc. Market Performance (2017-2022)
9.8.4 Recent Development
9.8.5 SWOT Analysis
9.9 Kimberly Clark
9.9.1 Kimberly Clark Basic Information, Manufacturing Base, Sales Region and Competitors
9.9.2 Medical Device Product Profiles, Application and Specification
9.9.3 Kimberly Clark Market Performance (2017-2022)
9.9.4 Recent Development
9.9.5 SWOT Analysis
9.10 Cardinal Healthcare
9.10.1 Cardinal Healthcare Basic Information, Manufacturing Base, Sales Region and Competitors
9.10.2 Medical Device Product Profiles, Application and Specification
9.10.3 Cardinal Healthcare Market Performance (2017-2022)
9.10.4 Recent Development
9.10.5 SWOT Analysis
9.11 Boston Scientific
9.11.1 Boston Scientific Basic Information, Manufacturing Base, Sales Region and Competitors
9.11.2 Medical Device Product Profiles, Application and Specification
9.11.3 Boston Scientific Market Performance (2017-2022)
9.11.4 Recent Development
9.11.5 SWOT Analysis
9.12 3M
9.12.1 3M Basic Information, Manufacturing Base, Sales Region and Competitors
9.12.2 Medical Device Product Profiles, Application and Specification
9.12.3 3M Market Performance (2017-2022)
9.12.4 Recent Development
9.12.5 SWOT Analysis
9.13 KGAA
9.13.1 KGAA Basic Information, Manufacturing Base, Sales Region and Competitors
9.13.2 Medical Device Product Profiles, Application and Specification
9.13.3 KGAA Market Performance (2017-2022)
9.13.4 Recent Development
9.13.5 SWOT Analysis
9.14 Becton Dickinson
9.14.1 Becton Dickinson Basic Information, Manufacturing Base, Sales Region and Competitors
9.14.2 Medical Device Product Profiles, Application and Specification
9.14.3 Becton Dickinson Market Performance (2017-2022)
9.14.4 Recent Development
9.14.5 SWOT Analysis
9.15 Masimo
9.15.1 Masimo Basic Information, Manufacturing Base, Sales Region and Competitors
9.15.2 Medical Device Product Profiles, Application and Specification
9.15.3 Masimo Market Performance (2017-2022)
9.15.4 Recent Development
9.15.5 SWOT Analysis
9.16 Fresenius Medical Care AG and Co
9.16.1 Fresenius Medical Care AG and Co Basic Information, Manufacturing Base, Sales Region and Competitors
9.16.2 Medical Device Product Profiles, Application and Specification
9.16.3 Fresenius Medical Care AG and Co Market Performance (2017-2022)
9.16.4 Recent Development
9.16.5 SWOT Analysis
9.17 Siemens
9.17.1 Siemens Basic Information, Manufacturing Base, Sales Region and Competitors
9.17.2 Medical Device Product Profiles, Application and Specification
9.17.3 Siemens Market Performance (2017-2022)
9.17.4 Recent Development
9.17.5 SWOT Analysis
9.18 Cardinal Health Inc.
9.18.1 Cardinal Health Inc. Basic Information, Manufacturing Base, Sales Region and Competitors
9.18.2 Medical Device Product Profiles, Application and Specification
9.18.3 Cardinal Health Inc. Market Performance (2017-2022)
9.18.4 Recent Development
9.18.5 SWOT Analysis
9.19 Koninklijke Philips NV
9.19.1 Koninklijke Philips NV Basic Information, Manufacturing Base, Sales Region and Competitors
9.19.2 Medical Device Product Profiles, Application and Specification
9.19.3 Koninklijke Philips NV Market Performance (2017-2022)
9.19.4 Recent Development
9.19.5 SWOT Analysis
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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