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An intensive primary and secondary research effort into the Global Medical Device Market led to the creation of this research report.
The Global Medical Devices Market was valued at US$ 550 billion in 2021 and is expected to reach US$ 850 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.5% during the forecast period 2022 to 2030.Due to the existence of several market participants on a global and regional level, the global market for medical devices is extremely fragmented. Among these businesses, Medtronic has the biggest market share thanks to its wide range of products and well-known reputation on the international stage. In addition, the majority of industry companies heavily invest in research and development (R&D) to create new items and improve the current product line. These market giants also put a lot of effort into growing their global distributor networks, which enables businesses to diversify their product offerings.
The prevalence of chronic conditions is rising, which is resulting in longer disability-adjusted life years. Medical device technology is also advancing, and the ageing population is steadily growing, all of which are contributing to market expansion.
Age-related illnesses are more common in the geriatric population but less so in the younger generation.
The majority of developing nations worldwide do not have an average of one district hospital per one lakh population, according to a WHO assessment on healthcare infrastructure. As a result, these nations are making significant investments in the construction of the healthcare infrastructure. For instance, it is anticipated that over the next five years, the total capital spent on healthcare infrastructure will rise from USD 270 billion in 2018 to USD 470 billion.
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The medical devices market is a place where businesses that make equipment for diagnosing, treating, and monitoring medical conditions sell those products. A vast range of instruments, including those used in in-vitro diagnostics, diagnostic imaging, dentistry, optometry, cardiology, and hospital supply, are produced by the medical device industry.
Top key players of The Global Medical Device Market:
• Heraeus Kulzer
• USG
• Kerr Dental
• Yoshino Gypsum
• Whip-Mix
• Saint-Gobain Formula
• SDMF
• Nobilium
• ETI Empire Direct
• Dentona AG
• Gyprock
• Georgia-Pacific Gypsum
• Saurabh Minechem
Market: By Types
• Dental Plaster
• Model Dental Stone
• Die Dental Stone
Market: By Applications
• Hospitals
• Clinics
Global Medical Device Market: Regional Analysis
The countries covered in the regional analysis of the Global Medical Device market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Medical Device market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Medical Device would help in identifying future applications in this market.
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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