Medical Devices Market Size, Share, Growth, Major Vendors Demand and Forecast 2022-2030
Research Reports
May 11, 2023
Medical Devices Market Research Report Information By Device Type (Cardiac Monitoring, Diagnostic, and Drug Delivery), By Therapeutic Application (Gastrointestinal Surgery, General Surgery, and Diagnostic Imaging), By End User (Hospitals & Clinics and Diagnostic Centers & Research Laboratory), And By Region (Europe, Asia-Pacific, North America, And Rest Of The World) – Market Forecast Till 2030.
Market Research Future Insights
According to MRFR analysis, the Global Medical Devices Market is expected to register a CAGR of~6.99% from 2022to 2030and hold a value of over USD 964.90 billion by 2030.
The Global Medical Devices Market refers to the overall market for medical equipment and supplies used for diagnosis, treatment, and monitoring of various medical conditions. This market includes a wide range of products such as surgical instruments, diagnostic equipment, medical imaging devices, patient monitoring devices, and implants. The market serves healthcare providers, patients, and consumers worldwide and is driven by technological advancements, an aging population, and increasing healthcare expenditure. The market is highly regulated and competitive, with major players operating in various segments and regions globally.
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The COVID-19 pandemic had a significant impact on the global medical devices market.In the early stages of the pandemic, there was a shortage of medical supplies and equipment, including personal protective equipment (PPE), ventilators, and testing kits. This led to a surge in demand for these products, and manufacturers ramped up production to meet the growing needs.
Key Players
Some of the key market players are:
- Abbott (US)
- Fresenius SE & Co. KGaA (Germany)
- GE Healthcare (US)
- Johnson & Johnson Services Inc (US)
- Medtronic (Ireland)
- Siemens AG (Germany)
- Stryker (US)
- Boston Scientific Corporation (US)
- Becton, Dickinson, and Company (US)
- Bio-Rad Laboratories, Inc (US)
Market Segmentation
The Global Medical Devices Market has been segmented into type, application and end-user.
Based on the type, the market has been segmented into diagnostic imaging devices, surgical devices and patient monitoring devices
Based on the application, the market has been segmented into cardiovascular diseases, diagnostic imaging, orthopedics, oncology, ophthalmology and general surgery.
Based on the end-user, the market has been segmented into hospitals, diagnostic centers and clinics.
Browse In-depth Market Research Report (110 Pages) on Medical Devices: https://www.marketresearchfuture.com/reports/medical-devices-market-2869
Regional Analysis
The largest region in the global medical devices market is North America, which includes the United States and Canada. North America is the largest market due to its high healthcare expenditure, well-established healthcare infrastructure, and a large aging population. In addition, the region is home to several leading medical device manufacturers, including Abbott Laboratories, Medtronic, and Johnson & Johnson.
Europe is the second-largest region in the medical devices market, with countries such as Germany, France, and the United Kingdom driving the growth. The Asia-Pacific region is expected to be the fastest-growing region in the coming years, driven by the growing demand for healthcare services, increasing healthcare spending, and the rising prevalence of chronic diseases.
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