openPR Logo
Press release

Medical Devices Market Boosted by Technological Developments in the Healthcare Industry

06-09-2016 09:06 AM CET | Health & Medicine

Press release from: Transparency Market Research,

The global medical devices market has been reporting consistent growth over the recent past owing to a number of factors, including innovation in medical devices, the rise in aging population, growing awareness about various medical conditions, changing lifestyles, and increasing disposable income and healthcare expenditure. There is a wide range of medical devices available in the market today. Based on type, these include diagnostic imaging devices, molecular diagnostic devices, monitoring devices, drug delivery devices, surgical devices, bioimplants and neurostimulation devices, and others such as gloves, syringes, needles, and medical and surgical sterilizers.

Industry Research Brochure Download:

The report on the global medical devices market explores in detail the overall industry, right from the consumers to the suppliers. The various factors that drive its growth and those that inhibit its expansion have also been covered in depth, highlighting the macro and micro trends that also govern the market’s trajectory. The attractiveness of the market, the opportunities that lie ahead, the key collaborations and alliances undertaken in recent years, and the overall turnover of the medical devices market are some of the prominent talking points featured in the research study.

Global Medical Devices Market: Key Trends and Opportunities

The global healthcare industry has been undergoing a tremendous change and the medical device market is at the center of this revolution. Trends such as decentralized healthcare, DIY (do-it-yourself) healthcare, and mobile healthcare have taken the medical devices market by storm and present before the vendors, a host of lucrative options as well as several challenges.

The adoption of health and fitness-related smartphone apps has surged over the past couple of years, affirming the fact that the healthcare industry is going mobile. The demand for user-friendly and DIY medical devices has increased with the rising consumer awareness. When it comes to the medical device sector, there is a growing emphasis on remote wireless connection rather than face-to-face connections and even doctors are more comfortable with remote healthcare services. Take-home medical devices have been witnessing a surge in demand owing to this trend.

Another trend that does not cease to have an astounding impact on patients and consumers across the globe is that of wearable medical devices. Companies both large and small have been rolling out innovative, more compact, and advanced wearable devices and at an increasingly affordable price. The advent of 3D printing and nanotechnology has had an unprecedented impact on the global medical devices market thanks to rapid technological developments in the fields and continuous funding by private and government companies.


On the other hand, growing advancements in medical devices also bring with them the very real threat of cyber-attacks. Today, almost every medical device is connected to the internet, be it infusion pumps, glucose monitors, or pacemakers, and with greater connectivity comes the much larger risk of cyber-attacks. Recent cyber breaches have adversely impacted the performance of several major companies and manufacturers are becoming increasingly proactive in this regard.

Global Medical Devices Market: Vendor Assessment

Some of the prominent players competing in the global medical devices industry are Johnson & Johnson, Siemens Healthcare, Toshiba Medical Systems, St. Jude Medical, Inc., Smith and Nephew, Stryker Corporation, Philips Healthcare, GE Healthcare, Boston Scientific Corporation, and Biomet, Inc.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Devices Market Boosted by Technological Developments in the Healthcare Industry here

News-ID: 343862 • Views: 624

More Releases from Transparency Market Research,

Connected (Smart) Street Light Market to touch US$ 1,502.8 Mn by 2026; COVID-19 …
Lighting is one of the major prospects for rapidly evolving smart technologies. A majority of lighting systems installed currently are based on traditional lighting systems. However, increasing awareness about energy conservation and efficient lighting techniques is gaining attention of players operating in the connected (smart) street light market. In addition, development of sensors and wireless technologies in the field of smart lighting is fueling the market. The market is witnessing
Bitter Melon Extract Market: Historical Growth, Future Outlook, Demand Analysis …
The bitter melon extract is the extract obtained from the bitter melon fruit that is grown widely in Asia, Africa, and the Caribbean. Due to the bitterness of the bitter melon extract, they are unpalatable for most of people. But there are significant medicinal advantages of the bitter melon extract, which is why they are grown so extensively. The fruit of bitter melon is extracted, concentrated, purified and then dried
Global Class III Milk Industry Research, Development, Rapid Growth, Business Opp …
Class III milk is often utilized in various packaged food processing as well as dairy processing industries. Class III milk plays an important role in food servicing industries as a key ingredient in producing cheesy food servings which have amplified its demand in recent years. Since the products derived from of class III milk are used in various food processing and food servicing industries, class III milk is gaining traction
Sugar Substitutes Market Trends: In-Depth Analysis Of Competitive Landscape, Out …
Growing inclination to migrate to diets with less calorific contents has been a key enabler as well accelerator of product developments in the sugar substitutes market. Food companies have also been finding attractive revenue potential on sugar substitutes. Several brands containing sugar substitutes are garnering attention by and acceptance of populations in developed economies. A case in point is stevia-based functional food products. This is one of the significant trends

All 5 Releases

More Releases for Medical

Medical Tourism Business
Medical Tourism businesses are experiencing sudden whoop in the industry. It is because of the availability of great procedures, technologies, infrastructure, and medicines required. It is projected that the Medical Tourism sector will progress to $8.2-9 Billion by 2025. In the market data, it clearly shows, the demand for healthcare services is rapidly growing, and it is potential for the business to enter the market. As the modern trends, awareness,
Medical Defibrillator(Monophasic)
Asynchronizer:External defibrillator Charging time:At 360J less than 10 sec Paddle configuration:Reusable extermal adult and pediatric paddles Operates from the mains (AC) and with its intemal Lead-acid battery Jiangsu Medwish Network Technology Co., Ltd. is located in Jiangsu, China. It is in a beautiful, clean and convenient environment. We are a professional manufacturer engaged in the research, development, production, sales and export of medical equipment. At the same time, we have a professional foreign
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Global Tracheostomy Tube (Tracheotomy Tube) Market 2018 - Medtronic, Teleflex Me …
The Global Tracheostomy Tube (Tracheotomy Tube) Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Tracheostomy Tube (Tracheotomy Tube) industry. Firstly, Tracheostomy Tube (Tracheotomy Tube) Market report provides a basic overview of the Tracheostomy Tube (Tracheotomy Tube) industry including definitions, classifications, applications and Tracheostomy Tube (Tracheotomy Tube) industry chain structure. Global Tracheostomy Tube (Tracheotomy Tube) Market analysis is provided for the international market
Medical Power Market Medical Power Market
This report studies Medical Power in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request for discount @ This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Astrodyne TDI (US) CUI Inc. (US) Delta Electronic, Inc (TW) Excelsys
Medical Ventilators – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Medical Ventilators’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Medical Ventilators market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Medical Ventilators market growth. It takes into account aspects such as drivers, restraints, challenges, and