Global Medical Devices Market Size, Insights, Drivers, Opportunities, By Application (General Medical, Orthopedic, Surgical And Infection Control, Cardiovascular, Home Healthcare, Others), By Region, Growth, Trends and Forecast from 2019 to 2027

Global Medical Devices Market Size, Insights, Drivers, Opportunities, By Application (General Medical, Orthopedic, Surgical And Infection Control, Cardiovascular, Home Healthcare, Others), By Region, Growth, Trends and Forecast from 2019 to 2027

Historic years: 2015 to 2017              Base Year: 2018                       Forecast Years: 2019 to 2027

Number of pages: 100                        Category: Healthcare               Report Id: MISHC5002



Market Insights
  The global medical devices market was valued at USD 390.60 billion in 2018 and is estimated to reach a value of USD 614.13 billion in 2027. The market is analyzed to rise at a CAGR of 5.16% over the forecast period of 2019 to 2027. Increasing healthcare expenditure and technology advancement are boosting the market growth. In developing countries operational margin is high which is driving manufacturers to enter into this market.

Global medical devices market size by region, 2018 (USD billion)

Global Medical Devices Market Size, Insights, Drivers, Opportunities, By Application (General Medical, Orthopedic, Surgical And Infection Control, Cardiovascular, Home Healthcare, Others), By Region, Growth, Trends and Forecast from 2019 to 2027 Primary and secondary market researchers have identified Medtronic, DePuy Synthes, Thermo Fisher Scientific as the key players in the global medical devices market. However, considering the analysis of this segment, factors like company revenue, industry trends in selecting particular group and penetration of the medical devices companies for different product types are being considered. The medical devices market is going through several technological advancement in recent years. For instance, ECG stress devices have is updated in waveform analysis algorithms, wireless lead systems and connectivity with EMRs. Pacemakers have seen upgraded in implantation techniques, miniaturization and battery longevity. Another advancement has been observed in this market was in advanced brain monitoring devices.
Application Insights  
General medical is estimated to be the largest segment accounting for 36.44% share in the market. Some of the most popular and generic medical devices includes baby care equipment, medical waste management product, surgical instruments, syringe needle destroyer, autoclave & sterilizer, and operation table. Orthopedic device is expected to be the fastest growing category over the forecast period of 2019 to 2027.

Global medical devices market value share by application, 2027 (%)

Global Medical Devices Market Size, Insights, Drivers, Opportunities, By Application (General Medical, Orthopedic, Surgical And Infection Control, Cardiovascular, Home Healthcare, Others), By Region, Growth, Trends and Forecast from 2019 to 2027 Regional Insights
As of 2018, North America accounts for the largest region in the medical devices market, with a share of over 40% of the global market. High consumer spending in health and wellness product has attributed to market growth. Asia Pacific is estimated to be the fastest growing region. Growing consumer awareness about the nutritional enrichment in countries like China and Australia & New Zealand is expected to drive the market over the forecast period of 2019 to 2027. The report is a thorough market study which includes top companies, their annual presentations, industry publications, press releases and their drivers, opportunities, trends and the market understanding through different product and their application with growth factors and future expectancies in the medical devices market.
Research Methodology 
The following report consists of market analysis which includes both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.
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