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Medical Equipment Market 2023 -2032: Business Statistics, Growth Rate, Industry Share And Major Players | Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson
Medical Equipment Market
The Business Research Company's Medical Equipment Global Market Report 2023 identifies rise in sedentary jobs as the major driver for the Medical Equipment Market's growth in the forecast period. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of chronic diseases such as diabetes. According to the World Health Organization, chronic disease prevalence is expected to rise by 57% globally, by the year 2020.
The global medical equipment market grew from $639.75 billion in 2022 to $695.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global medical equipment is expected to grow to $922.39 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the medical equipment market are Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson, Siemens AG, STRYKER CORPORATION, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd., and Boston Scientific Corporation.
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The Medical Equipment Market is segmented -
By Type: In-Vitro Diagnostics, Dental Equipment And Supplies, Ophthalmic Devices, Diagnostic Imaging Equipment, Cardiovascular Devices, Hospital Supplies, Surgical Equipment, Orthopedic Devices, Patient Monitoring Devices, Diabetes Care Devices, Nephrology And Urology Devices, ENT Devices, Anesthesia And Respiratory Devices, Neurology Devices, Wound Care Devices
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
By End User: Hospitals And Clinics, Homecare, Diagnostics Centers, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Medical Equipment Market.
The Business Research Company's "Global Medical Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Equipment Market Include:
1. Executive Summary
2. Report Structure
3. Medical Equipment Market Characteristics
4. Medical Equipment Market Product Analysis
5. Medical Equipment Market Supply Chain
……
21. Medical Equipment Market Competitive Landscape
22. Key Mergers And Acquisitions In The Medical Equipment Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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