Medical Equipment Market Size, Trends, Key Players And Future Opportunities 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Medical Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The medical equipment market size has grown strongly in recent years. It will grow from $709.55 billion in 2023 to $775.42 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increased healthcare expenditure, strong economic growth in emerging markets, growth in the number of healthcare facilities and an increased number of surgical procedures.

The medical equipment market size is expected to see strong growth in the next few years. It will grow to $1077.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rapid growth in the elderly population, an increasing prevalence of chronic diseases and government support. Major trends in the forecast period include developing new technological solutions, focusing on expansion of medical equipment manufacturing facilities, focusing on expansion of medical equipment manufacturing facilities, focusing on partnerships and collaborations, focusing on cardiovascular devices manufacturing and focusing on hybrid imaging technologies..

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Key Market Players:

Major companies operating in the meat products market report are JBS S.A., Tyson Foods Inc., WH Group, Marfrig Global Foods S.A., Danish Crown, NH Foods Ltd., Hormel Foods Inc., Yurun Group Limited, Cargill Inc., Perdue Farms Inc., Venkys Ltd, Simran Farms Ltd, Ovobel Foods Ltd., Shandong Jinluo Enterprise Group, Zhucheng Waimao Co., Ltd., Nippon Meat Packers, Inc, Starzen Co., Ltd, Industry Park Pty Ltd, Teys Australia Pty Ltd, Thomas Foods International Consolidated Pty Limited, Groupe Bigard, Cooperl Arc Atlantique, Biegi Foods GmbH, Cipa SAS, Rovagnati S.p.A, Campofro Food Group S.A, Iglo Foods Group Ltdq, Phw-Gruppe Lohmann & Co. AG, Martnez Loriente, S.A, Coop, Zur Mhlen Group, LDC S.A, Tulip Food Company A/S, Elpozo Alimentacion S.A, The Cedrob Group, Transavia Corporation, Worldpol Sp. Z O.o., Coldstore Niechcice, JKA Meat Supplies, Hand Mies Polowczyk SPZOO, Grill-Pol Sylwester Kowalski, Angelov Ltd., Ameta, Lalov & Vachev Ltd, Sysco Corp, Smithfield Foods Inc, National Beef Packing Co, OSI Group, Conagra Brands, Koch Foods, Sanderson Farms Inc, Aleph Farms, Gulf Business, The MeatHub KSA, Laboon Food Production Co., Al Munajem Cold Stores Company, Al Kabeer Group ME, Sunbulah Group, Chopped, Butterball, Jennie-O Turkey Store Inc., Egyptian Co. For Animal Wealth Development, Amgad For Food Industries, Ismailia For Poultry Meat Processing, Zartech Limited, Amo Farm Sieberer Hatchery Limited, Bama Farms Limited, Best Foods Global Nigeria Limited, Kleyn Begin Biltong Products, Matzikama Biltong, Claasens Designs, Elite Meat Processing Equipment Service.

Market Drivers:

The rising prevalence of cardiovascular diseases is expected to drive medical equipment market growth. Cardiovascular disease (CVD) is a broad term that refers to a condition that affects the heart or blood vessels. It is often linked with the accumulation of fatty substances within the arteries (atherosclerosis) and an elevated risk of blood clots. Cardiovascular diseases require the use of various medical equipment for their prevention, diagnosis, and treatment. For instance, according to the Centers for Disease Control and Prevention, a US-based national public health agency, heart disease was responsible for the deaths of about 695,000 people in the United States in 2021, which is equivalent to 1 in every 5 deaths. Therefore, the rising prevalence of cardiovascular diseases will fuel the growth of the medical equipment market going forward.

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The medical equipment market covered in this report is segmented -
1) 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.
2) By Type Of Expenditure: Public, Private
3) By Product: Instruments And Equipment, Disposables And Consumables
4) By End User: Hospitals And Clinics, Homecare And Diagnostic Centers, Other End Users

Sub segments: Point-Of-Care Diagnostics Devices And Equipment, Immunochemistry Diagnostic Devices And Equipment, Clinical Chemistry Diagnostics Devices And Equipment, Molecular Diagnostics Devices And Equipment, Microbiology Diagnostic Devices And Equipment, Hemostasis Diagnostic Devices And Equipment, Hematology Diagnostic Devices And Equipment, Immunohematology Diagnostic Devices And Equipment, Therapeutic Dental Equipment, General Dental Devices And Equipment, Dental Diagnostic Imaging Devices And Equipment, Dental Surgical Devices And Equipment, Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment, X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, Nuclear Imaging Devices And Equipment., Cardiovascular Surgery Devices And Equipment, Cardiac Rhythm Management (CRM) Devices And Equipment, Interventional Cardiology Devices And Equipment, Defibrillator Devices And Equipment, Peripheral Vascular Devices And Equipment, Prosthetic Heart Valve Devices And Equipment, Electrophysiology Devices And Equipment, Cardiac Assist Devices And Equipment., Disposable Hospital Supplies, Sterilization Equipment And Disinfectants, Mobility Aids And Transportation Equipment, And Operating Room Equipment., Surgical Sutures And Staples, Handheld Surgical Devices And Equipment And Electrosurgical Devices And Equipment., Joint Reconstruction Devices And Equipment, Spinal Surgery Devices And Equipment, Trauma Fixation Devices And Equipment, And Craniomaxillofacial (CMF) Devices And Equipment., Fetal And Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices And Equipment, Vital Parameter Monitoring Devices And Equipment, And Remote Patient Monitoring Devices And Equipment., Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps And Injectors, Lancing Devices And Equipment, Continuous Glucose Monitoring Devices And Equipment And Blood Glucose Meters., Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence And Pelvic Organ Prolapse Devices And Equipment, Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment And Endoscopy Devices And Equipment., Hearing Aid Devices And Equipment, Hearing Diagnostic Devices And Equipment, ENT Surgical Devices And Equipment, Hearing Implants, Voice Prosthesis Devices And Equipment, Nasal Splints., Respiratory Devices And Equipment (Therapeutic And Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables., Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, And Neurostimulation Devices., Traditional Adhesive Dressings, Negative-Pressure Wound Therapy (NPWT), Traditional Gauze Dressings, And Advanced Wound Care Devices.

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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