Medical Equipment Global Market Report: Size, Share, Growth, Trends And Forecast To 2032 | Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson

As per The Business Research Company's Medical Equipment Opportunities And Strategies Market Report 2023, 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%.

The rise in sedentary jobs, busy lifestyles, and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes, and cardiovascular diseases. 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. This is increasing the demand for medical devices used in the diagnosis, prognosis, and treatment of several diseases, thereby driving the demand for medical equipment. These factors are expected to increase the patient pool globally, thereby driving the growth of the medical equipment market during the forecast period.

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Device performance and patient data are available to healthcare service providers and are helping them to improve patient monitoring and overall care quality. Some companies are integrating medical equipment market data with EMR (Electronic Medical Records) to improve transparency and collaboration. As consumer wearables are becoming more common, patient data volumes are increasing and companies are investing in deploying data management, warehousing, and security technologies. For example, Medtronic launched a tool to augment their cardiac devices to securely transfer device data to doctors and allow them to monitor the critical health indicators of their patients.

Medical Equipment Market Segmentation:
The medical equipment market is segmented by type, by expenditure, by product and by type of end user.

By Type -
a) In-Vitro Diagnostics
b) Dental Equipment And Supplies
c) Ophthalmic Devices
d) Diagnostic Imaging Equipment
e) Cardiovascular Devices
f) Hospital Supplies
g) Surgical Equipment
h) Orthopedic Devices
i) Patient Monitoring Devices

By Expenditure -
a) Public
b) Public

By Product -
a) Instruments/Equipment
b) Disposables

By End User -
a) Hospitals And Clinics
b) Homecare
c) Diagnostics Centers

Major players in the medical equipment market include Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson.

The regions covered in the global medical equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Medical Equipment Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Medical Equipment Market Report Table Of Content
1. Executive Summary
2. Report Structure
3. Medical Equipment Market Characteristics
4. Medical Equipment Market Product Analysis
5. Medical Equipment Market Supply Chain
……
19. Middle East Medical Equipment Market
20. Africa Medical Equipment Market
21. Medical Equipment Market Competitive Landscape
22. Key Mergers And Acquisitions In The Medical Equipment Market
23. Recommendations

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