Press release
Medical Devices Market 2022 Size, Industry Share, Revenue, Scope and Forecast Till 2027
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Global Medical Devices Market size will grow from US$ 412.4 billion in 2021 to US$ 625.3 billion by 2027, registering a tremendous compound annual growth rate (CAGR) of 6.3% during the study period, i.e., 2022-2027.
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Regional Analysis:
According to the United States, Bureau of Labor Statistics, healthcare employment is likely to grow 16% from 2020 to 2030, much faster than the average for all occupations, with about 2.6 million new jobs. This projected increase is primarily due to an aging population, which indicates a higher demand for healthcare services. In May 2021, the median annual wage for healthcare practitioners and technical sectors (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040, which was higher than the economy's median annual wage of US$ 45,760.
COVID-19 Impact:
Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.
As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.'
Major Key Players in Global Medical Devices Market are:
3M Co.
Abbott Laboratories
Allergan Inc.
Baxter International Inc.
Bayer
Becton Dickinson and Co.
Boston Scientific Corp.
Cardinal Health Inc.
Covidien plc
Cryolife Inc.
Danaher
Depuy Synthes
Endologix Inc.
Essilor International SA
Fresenius Medical Care AG & Co. KGAA
GE Healthcare
Getinge Ab
Johnson and Johnson
Koninklijke Philips NV
Medtronic Inc.
Novartis AG
Olympus Corp.
Roche Diagnostics
Siemens Healthcare
Smith & Nephew PLC
Smiths Medical
St. Jude Medical Inc.
Stryker Corp. Terumo Corp.
Thermo Fisher Scientific
Zimmer Holdings Inc.
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Medical Devices Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Product
Diagnostic Devices
Electrodiagnostic Devices
Ultrasound Systems
Magnetic Resonance Imaging (MRI)
Electrocardiographs
Scintigraphy Apparatus
Other Electrodiagnostic Devices
Radiation Devices
CT Scanners
Other Medical X-ray Apparatus
Imaging Parts & Accessories
Contrast Media
X-ray Tubes
Medical X-ray Film
Other Imaging Parts & Accessories
Consumables
Syringes, Needles & Catheters
Syringes (with/without needles)
Tubular Metal Needles/Needles for Sutures
Others
Bandages & Dressings
Adhesive Medical Dressings
Non-adhesive Medical Dressing
Suturing Materials
Other Consumables
Surgical Gloves
Ostomy Products
Blood-Grouping Reagents
First-aid Boxes & Kits
Patient Aids
Portable Aids
Hearing Aids
Pacemakers
Therapeutic Applications
Therapeutic Respiration Devices
Mechano-Therapy Devices
Others (Endoscope, Defibrillators, CRT Devices, etc.)
Orthopedics and Prosthetics
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Dental Products
Dental Instruments and Supplies
Dental Instruments
Dental Cement
Teeth and Other Fittings
Dental Care Equipment
Dental Drills
Dental Chairs
Dental X-Rays
Patient Monitoring Devices
Other Medical Device Categories
Ophthalmic Instruments
Hospital Furniture
Wheelchairs
Medical & Surgical Sterilizers
Ultra-violet or Infra-Red Ray Apparatus
Other Instruments & Appliances
By Application
Oncology
Cardiology
Orthopedics
Ophthalmic
Respiratory
Urology & Gynecology
General & Plastic Surgery
Dental
Diabetic Care
Wound Management
Nephrology
General Hospital and Healthcare
Ear, Nose, and Throat
Others
By End-User
Hospitals & Surgical Centers
Clinics
Household
Other End Users
By Geography
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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Astute Analytica
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