Medical Device & Accessories Market 2018 Major Players: Boston Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc., Stryker Corporation, koninklijke philips n.v, General Electric Company, Siemens AG, Danaher Corporation

The, Medical Device & Accessories Market inquire about report is developing with the quick pace; chiefly due the prospering Healthcare Sector. As per a current report distributed by the Market Research Future, The , Medical Device & Accessories Industry Research report is blasting and anticipated that would pick up unmistakable quality over the conjecture time frame. The Market is anticipated to exhibit a colossal development by 2023, outperforming its past development records as far as esteem and volume.

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Furthermore, the global medical device & accessories market is expected to grow at a CAGR of 6.53% during the forecast period 2017-2023.

Market Scenario:
Medical device refers to any instrument, apparatus, implement, machine, appliance, implant, or reagent that is used together or alone for human beings in diagnosis, monitoring, and treatment of different diseases. These devices can be used for a wide range of diseases such as diabetes, cardiovascular diseases, cancer, GI diseases and many more.

Rising prevalence of chronic disease, improvement of surgical outcomes, acceptance of advanced medical devices & accessories by patients, and increasing aging population around the world are the key drivers for the medical device & accessories market. According to the American Heart Association, in 2017, cardiovascular disease was listed as the most common cause of death, which accounted for nearly 801,000 deaths in the U.S. About 2,200 Americans die of cardiovascular disease each day. Additionally, according to the American Diabetes Association in 2015, 30.3 million Americans, i.e. 9.4% of the total Americas population was noted to suffer from diabetes.

Moreover, companies are investing more in research and development, in order to provide better treatment procedures. This research and development activities help to launch of new treatment procedure, such as, Stryker Corporation, in October 2017, announced the launch of Practice Excellence Program, a new implementation service to help physician practice to drive profitability, efficiency, and quality outcomes.

Also increasing consumer awareness about healthcare and rapidly rising population worldwide have been consistently adding to the growth of the medical device & accessories market across the globe. Furthermore, increase in healthcare expenditure is fuelling the medical device & accessories market. According to the Centers for Medicare & Medicade Services, in 2015, U.S. healthcare spending increased 5.8% reaching USD 3.2 trillion.

However, the high cost of treatment and ambiguous regulatory framework may affect the growth of this market negatively.

Key Players:
Some of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Stryker Corporation (U.S.), koninklijke philips n.v (the Netherlands), General Electric Company (U.S.), Siemens AG (U.S.), Danaher Corporation (U.S.)

Regional Analysis:
The Americas dominate the global medical device & accessories market owing to well-developed technology, high healthcare expenditure and the presence of the leading players, and focus of research institutions on updating technology for new and advanced medical device & accessories devices.

Europe holds the second position in the market owing to the increasing support from the government, increasing the prevalence of chronic diseases, and high healthcare spending. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2014, France recorded the second highest level of current healthcare expenditure of EUR 237 billion.

Asia Pacific is the fastest growing market owing to increasing need for better monitoring devices, rapidly improving technology, and presence of huge patient pool. Moreover, government bodies in this region are more focused to get a better treatment option to improve the lifestyle of their citizen.

The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and poor development in the healthcare domain.

Segmentation:
The global medical device & accessories market is segmented on the basis of the types of devices.

On the basis of the types of devices, it is segmented into cardiovascular application, coronary pressure monitors, catheters, therapeutic medical guide, dental implant, cochlear implant, global nerve stimulator market, global diabetes monitors market, and global suture needles market. Furthermore, the cardiovascular application segment is sub-segmented into cardiac monitors, cardiac pacemaker, cardiac defibrillators, and others. The coronary Pressure Monitor segment is sub-segmented into sphygmomanometer, automated blood pressure monitor, BP transducers, ambulatory blood pressure monitor, and instruments & accessories. The catheter segment is further sub-segmented into cardiovascular catheters, specialty catheters, intravenous catheters, urinary catheters, neurological catheters. The therapeutic medical guidewire segment is sub-segmented into solid guidewire and wrapped guidewire. The nerve stimulator market is sub-segmented into deep brain stimulator, vagus nerve stimulator, and spinal cord stimulator.

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TABLE OF CONTENTS:
CHAPTER 1. REPORT PROLOGUE
CHAPTER 2. MARKET INTRODUCTION
2.1 Definition 12
2.2 Scope Of Study 12
2.3 Research Objective 12
2.4 Assumptions & Limitations 13
2.4.1 Assumptions 13
2.4.2 Limitations 13
2.5 Market Structure 14

CHAPTER 3. RESEARCH METHODOLOGY
3.1 Primary Research Methodology 16
3.2 Secondary Research Methodology 17
3.3 Market Share Analysis 17
3.4 Market Pricing Approach 18

CHAPTER 4. MARKET DYNAMICS
4.1 Introduction 19
4.2 Drivers 20
4.2.1 Increasing Prevalence Of Chronic Diseases 20
4.2.2 Rising Economic Growth 21
4.2.3 Increasing Geriatric Population 22
4.2.4 Increasing Use Of Non-Invasive Devices 23
4.3 Restraints 24
4.3.1 Stringent Government Regulation 24
4.3.2 Lack Of Research And Development In Underdeveloped Region 25
4.4 Trends 26
4.5 Opportunity 26

CHAPTER 5. MARKET FACTOR ANALYSIS
5.1 Value Chain Analysis 27
5.1.1 R&D And Designing 27
5.1.2 Manufacturing 28
5.1.3 Distribution & Sales 28
5.1.4 Post-Sales Review 28
5.2 Porter’s Five Forces Model 29
5.2.1 Bargaining Power Of Suppliers 30
5.2.2 Bargaining Power Of Buyers 30
5.2.3 Threat Of New Entrants 30
5.2.4 Threat Of Substitutes 31
5.2.5 Intensity Of Rivalry 31
5.3 Pricing Analysis 31
5.4 Macroeconomic Indicators 32

…CONTINUED

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