2022 Medical Devices Global Market Report : Top Manufacturers, Industry Challenges, Business Strategies, Revenue Value And Competitive Landscape 2031

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According to The Business Research Company's medical devices market report, The global medical devices market reached a value of nearly $456.8 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. The market is expected to grow from $456.8 billion in 2020 to $62.0 billion in 2025 at a rate of 7.7%. The medical devices market is then expected to grow at a CAGR of 5.5% from 2025 and reach $863.2.4 billion in 2030.

The spontaneous emergence of severe infections such as the on-going Coronavirus pandemic is expected to drive the demand for medical devices globally. The demand for hospital supplies, in-vitro diagnostic devices and the respiratory care devices has significantly increased since the emergence of COVID-19 across various countries. This demand is expected to continue for combating the pandemic and to furthermore avoid the risk of emergence and spread of such infections. For instance, in 2021, the sales of the COVID-19 tests kits valued $2.2 billion in the first 3 months in 2020. Therefore, the emergence of such severe infections in the forecast period will drive the demand of medical devices globally.

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The medical devices market is segmented -
• By Type Of Device: In-Vitro Diagnostics, Dental Equipment, Ophthalmic Devices, Diagnostic Equipment

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the medical devices market.

Major competitors in the medical devices market include Medtronic Plc, Johnson & Johnson, Abbott Laboratories, Becton, Dickinson and Company, Siemens Healthineers AG

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The medical devices market consists of sales of medical equipment or devices and related services by entities (organizations, sole traders and partnerships) that manufacture medical equipment or devices which are used in the diagnosis, treatment and monitoring of medical conditions. The medical device industry includes establishments that manufacture medical equipment or devices such as in-vitro diagnostic devices, diagnostic imaging equipment, dental equipment and supplies, ophthalmic devices, cardiovascular devices, hospital supplies and other medical devices.

The Table Of Content For The Medical devices Market Include:
1. Medical devices Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…….
32. Medical devices Market Opportunities And Strategies
33. Medical devices Market, Conclusions And Recommendations
34. Appendix

The Business Research Company's "Global Medical devices Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.

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