Press release
Top 10 Medical Device Technologies Market Trends, Key Players Analysis, Regional Trends, Competitive Landscape, and Industry Potential by 2027

Browse 409 market data Tables and 60 Figures spread through 512 Pages and in-depth TOC on "Top 10 Medical Device Technologies Market by Type (In Vitro Diagnostics, Diagnostics Imaging, Orthopedic, Ophthalmology, Cardiology, Endoscopy, Diabetes Care, Resp
Top 10 Medical Device Technologies Market [https://www.marketsandmarkets.com/Market-Reports/top-10-medical-device-technologies-96.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr] in terms of revenue was estimated to be worth $437.4 billion in 2022 and is poised to reach $577.5 billion by 2027, growing at a CAGR of 5.7% from 2022 to 2027 according to a new report by MarketsandMarkets Trademark . Factors such as rising prevalence of Rising prevalence of chronic diseases and related increase in disability-adjusted life years (DALYs), Technological advancements in medical devices and rapidly increasing aging population will lead this market growth in forecast period.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr]
The IVD Market segment is expected to account for the largest share of the Top 10 Medical device technologies market in 2021
The gradual transition from centralised testing to point-of-care testing, rising concern over early disease diagnosis in developing nations, the emergence of rapid PoC technologies, and rising use of automated analyzers are the main factors driving the in vitro diagnostics (IVD) market's growth. However, during the forecast period, a poor reimbursement scenario is anticipated to limit market growth.
The global respiratory care & anesthesia devices market segment is expected to grow at highest CAGR in the Top 10 Medical device technologies market during the forecast period
The increasing need for advanced and innovative machines and equipment and high incidence of chronic obstructive pulmonary diseases (COPD) and obtrusive sleep apnea (OSA) are key factors driving the growth of this market. The changing preference of patients towards home care devices is expected to propel the growth of anesthesia and respiratory care devices market.
The North America segment is expected to account for the largest share of the Top 10 Medical device technologies market in 2021
North America holds largest share in Top 10 Medical device technologies market 2021. The growth in this market will be driven by the rising geriatric population, growing incidences of lifestyle diseases, and the rising demand for technologically advanced devices. However, stringent regulatory policies and a lack of reimbursement are expected to restrain the growth of this market.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=96 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=96&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr]
Top 10 Medical Device Technologies Market Dynamics:
Drivers:
* Rising prevalence of chronic diseases and related increase in disability-adjusted life years (DALYs)
* Technological advancements in medical devices
* Rapidly increasing aging population
Restraints:
* Uncertainty in reimbursement
* Excise tax on medical devices in the U.S.
Opportunities:
* Increasing investments from government bodies and private players in healthcare sectors in emerging economies
* Increasing focus of key players on the medical devices market in emerging countries
Challenges:
* High cost of medical devices and implants
* Hospital budget cuts
* Increasing adoption of refurbished medical devices
Key Market Players:
Major players operating in the Top 10 medical device technologies market Abbott Laboratories, Inc. (US), Roche Diagnostics (Switzerland), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Stryker Corporation (US), Boston Scientific Corporation (US), Johnson & Johnson (US), Medtronic PLC (Ireland), Smith & Nephew PLC (UK), GE Healthcare (US) are some of the market players.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=96 [https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=96&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr]
Recent Developments:
* In March 2023, The company Abbott launched received U.S FDA has approval for Epic Max stented tissue valve to treat people with aortic regurgitation or stenosis.
* In March 2023, the company Abbott launched received U.S FDA has approved FreeStyle Libre 2 and FreeStyle Libre 3 integrated continuous glucose monitoring (iCGM) system sensors for integration with automated insulin delivery (AID) systems.
* In November 2022, Roche diagnostics Received US FDA approval of the VENTANA FOLR1 (FOLR1-2.1) RxDx Assay, the first immunohistochemistry (IHC) companion diagnostic test to aid in identifying epithelial ovarian cancer (EOC) patients who are eligible for targeted treatment with ELAHERE (mirvetuximab soravtansine-gynx).
* In November 2022, Siemens Healthineers launched Viato.Mobile with 1.5 Tesla for high-quality MR imaging.
Top 10 Medical Device Technologies Market Advantages:
* Wearable Medical Devices: Wearable medical devices offer continuous monitoring of patient health, allowing for early detection of health problems and better disease management.
* 3D Printing: 3D printing technology enables the creation of customized medical devices and implants, improving patient outcomes and reducing the risk of implant rejection.
* Artificial Intelligence (AI) in Medical Imaging: AI technology enhances the accuracy of medical diagnoses, reducing the need for invasive procedures and improving patient outcomes.
* Robotics in Surgery: Robotic surgical systems offer greater precision and control in surgical procedures, resulting in improved patient outcomes and reduced recovery times.
* Telehealth: Telehealth technology expands access to healthcare services, particularly in rural and remote areas, and reduces the need for in-person visits, saving time and reducing healthcare costs.
* Nanotechnology: Nanotechnology enables the development of new medical devices and drugs with greater sensitivity and precision, resulting in improved patient outcomes.
* Point-of-Care Diagnostics: Point-of-care diagnostic devices offer rapid, accurate diagnoses, allowing for earlier disease detection and better disease management.
* Wireless Medical Devices: Wireless medical devices improve patient comfort and reduce the risk of infection, as they do not require physical connections to external devices.
* Biosensors: Biosensors offer continuous monitoring of patient health, allowing for earlier detection of health problems and better disease management.
* Augmented and Virtual Reality: Augmented and virtual reality technologies improve medical training and patient education, leading to improved patient outcomes and reduced healthcare costs.
Top 10 Medical Device Technologies Market - Report Highlights:
Refinement in the segments of the global top 10 Medical Device Technologies market:
* The current edition of the report consists of an updated market overview, average selling price trends, value chain analysis, Porter's Five Forces analysis, ecosystem map, pricing analysis, patent analysis, and new industry insights.
* The report also consists of the impact of recession on the global top 10 Medical Device Technologies market.
* The competitive landscape chapter has been updated with the market evaluation framework and updated product portfolio matrix. The competitive landscape also includes the revenue share analysis of the top market players and an updated competitive situation and trends section.
Updated financial information/product portfolio of players:
* The new edition of the report provides updated financial information in the top 10 Medical Device Technologies market till 2021 for each listed company in a single diagram. This will easily help analyze the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, business segment focus in terms of the highest revenue-generating segment, and investments in R&D.
Updated market developments of profiled players:
* Recent developments are important to understand market trends and the growth strategies adopted by players. The current edition of this report provides updated developments of profiled players from January 2020 to March 2023, indicating a continuation from the previous version. Product launches, expansions, acquisitions, agreements, partnerships, and collaborations have been the principal growth strategies adopted by market players within this period.
Recession Impact
* The impact of recession has been considered in the research methodology and market forecast for the years 2020 and 2021. It has also been analysed in the product, application, end user and geographic segmentation. The market dynamics have also been updated taking into consideration the current scenario.
* Research for this report involved the use of a large number of secondary and primary sources. Secondary sources include directories; databases such as Bloomberg Business, and Factiva; white papers; annual reports; company house documents; investor presentations; and SEC filings of companies. During the primary research process, in-depth interviews were conducted with various primary respondents, which include key opinion leaders, subject matter experts, directors, and C-level executives of distributors and suppliers, to obtain and verify critical qualitative and quantitative information. This primary data was collected mainly through questionnaires, emails, and telephonic interviews.
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=top-10-medical-device-technologies-market-trends-key-players-analysis-regional-trends-competitive-landscape-and-industry-potential-by-2027]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/top-10-medical-device-technologies-96.html
This release was published on openPR.
Permanent link to this press release:
Copy
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 Top 10 Medical Device Technologies Market Trends, Key Players Analysis, Regional Trends, Competitive Landscape, and Industry Potential by 2027 here
News-ID: 3766978 • Views: …
More Releases from ABNewswire

Manhattan Real Estate Attorney Peter Zinkovetsky Releases Guidance on New York T …
New York, NY - Manhattan real estate attorney Peter Zinkovetsky, of Avenue Law Firm (https://www.avenuelawfirm.com/how-long-does-a-title-search-take/), is sharing practical guidance to help buyers, sellers, and lenders understand how long a title search typically takes in New York transactions. The firm's latest overview explains what a title search covers, why timing varies, and how proactive coordination keeps closings on track across the five boroughs and greater New York area.
A Manhattan real estate…

What Is the Lifespan of a Generac Generator? Oklahoma Electric Contractor Report …
Oklahoma electrical contractor Nathan Snyder Electric LLC reports that Generac generators typically last 20-25 years with proper maintenance, although environmental factors and service quality significantly impact their longevity.
CALUMET, OK - As severe weather patterns continue to affect Oklahoma communities, local electrical contractors are providing professional insights on the longevity of backup power systems. Nathan Snyder Electric LLC, serving Canadian County since 2002, has documented extensive data on generator performance across…

Queens Car Accident Attorney Keetick L. Sanchez Releases Guidance On Lower Back …
Queens, NY - Keetick L. Sanchez, Esq. of K L Sanchez Law Office (https://accidentlawyer-queens.com/lower-back-pain-car-accident-settlement/) has released practical guidance on evaluating a Lower Back Pain Car Accident Settlement in New York, outlining factors that shape compensation and the critical timelines involved. The resource aims to support injured motorists and families seeking clarity on claim valuation while highlighting the role of a Queens car accident attorney in documenting injuries and pursuing full…

How to Clean a Messy Office? Hartford Commercial Cleaning Experts Report Surge i …
Hartford cleaning professionals report a 40% surge in office organization requests as businesses prioritize workspace cleanliness for productivity and employee satisfaction in 2025.
HARTFORD, CT - Professional cleaning companies across Connecticut are reporting unprecedented demand for office organization services as businesses return to full capacity operations following years of hybrid work arrangements. Detail Clean LLC, a Hartford-based facility maintenance provider established in 2009, has documented a 40% increase in requests for…
More Releases for Medical
ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent…
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of…
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.…
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…
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924
Global Medical Casting & Splinting market 2019 research provides a basic overview of…
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator
A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis.
Get Free…