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Global Medical Devices Market- Technologies, Market share and Industry Forecast to 2024

  • ID: 4658233
  • Report
  • Region: Global
  • 240 Pages
  • Occams Business Research and Consulting
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The Global Medical Devices Market is Expected to Rise with the CAGR of about 5.3%

FEATURED COMPANIES

  • Beckman Coulter (U.S.)
  • Ge Healthcare (U.S.)
  • Medison Ltd. (Israel)
  • Mindray (China)
  • Shimazdu Corp. (Japan)
  • Stryker Corp. (U.S.)
  • MORE

Medical devices are equipment and apparatus used by surgeons and doctors to diagnose or provide treatment to diseases in human body. The global medical devices market is expected to rise with the CAGR of about 5.3% during the forecast period 2017-2024. Increasing prevalance of chronic diseases is one of the major factor which contributes to the growth of global medical devices market during the forecast period.

Also, increasing geriatric population across the globe and technological advancements in medical devices promotes the market growth. However, product failures and recalls pertaining to medical devices and high cost of medical devices are some of the major factors restraining the growth of global medical devices market during forecast period.

Geographically, global medical devices market report has been segmented in North America, Asia Pacific, Europe, and Rest of World. North America held the largest market revenue share for medical devices market in 2017 and is expected to dominate the market during forecast period due to growth in healthcare infrastructure, prevalence of chronic diseases, etc. However, Asia Pacific is expected to be the fastest growing region in medical devices market during forecast period owing to rise in geriatric population, growth in healthcare sector, etc.

The growth in global medical devices market is also influenced by presence of major players such as Baxter international (United States), GE Healthcare (United Kingdom), Baxter International (United States), Siemens Healthcare (Germany), Thermofisher Scientific (United States), etc. In order to gain competitive advantage, major players of global medical devices market are adopting various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, investment, strategic expansion, funding etc. during forecast period.

The report on the global medical devices market is segmented on the basis of technology which is sub segmented as drug delivery devices, urology and renal, in vitro diagnostics, orthopedics and spine, imaging devices, cardiovascular devices and endoscopy. Drug delivery devices is expected to dominate the market during the forecast period due to high adoption of drug delivery devices in therapeutic applications.

Cardiovascular devices technology is expected to emerge as the fastest growing segment in global medical devices market during forecast period due to increasing prevalence of cardiovascular diseases, high adoption of cardiovascular devices for the treatment of cardiovascular diseases, etc.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beckman Coulter (U.S.)
  • Ge Healthcare (U.S.)
  • Medison Ltd. (Israel)
  • Mindray (China)
  • Shimazdu Corp. (Japan)
  • Stryker Corp. (U.S.)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Medical Devices Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360-Degree Industry Analysis
2.7.3. Porters 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share Analysis & Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities In Emerging Applications
2.9.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Rising Prevalence Of Chronic Diseases
3.1.2. Rapid Increase In Geriatric Population
3.1.3. Increasing Healthcare Spending And Expenditure
3.1.4. Increasing Adoption Of Minimally Invasive Techniques
3.2. Market Restraints
3.2.1. Product Failures And Recalls
3.2.2. High Cost Of Devices
3.3. Market Opportunities
3.3.1. Increasing Medical Tourism
3.3.2. Technological Advancements In Medical Devices
3.3.3. Increasing Government Spending For Development Of Healthcare Infrastructure
3.4.   Market Challenges
3.4.1. Regulatory Compliance

4. Global Medical Devices  Market By Technology
4.1. Market Definition And Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4. Opportunity Matrix
4.5. Market Segmentation
4.5.1. Global Drug Delivery Devices Market
4.5.1.1. Adoption Scenario & Market Determinants
4.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.1.3. Key Conclusions
4.5.1.4. Market Sub-Segments
4.5.1.4.1. Infusion Systems And Injectables
4.5.1.4.2. Inhalation Systems
4.5.1.4.3. Needle-Free Injections/Transdermal Systems And Others
4.5.2. Global Urology And Renal Market
4.5.2.1. Adoption Scenario & Market Determinants
4.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.2.3. Key Conclusions
4.5.2.4. Market Sub-Segments
4.5.2.4.1. Incontinence Devices
4.5.2.4.2. Lithotripters
4.5.2.4.3. Renal Dialysis Devices
4.5.3. Global In Vitro Diagnostics Market
4.5.3.1. Adoption Scenario & Market Determinants
4.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.3.3. Key Conclusions
4.5.3.4. Market Sub-Segments
4.5.3.4.1. Clinical Chemistry
4.5.3.4.2. Hematology/Hemostasis
4.5.3.4.3. Immunochemistry
4.5.3.4.4. Molecular Diagnostics
4.5.3.4.5. Point-Of-Care Testing
4.5.4. Global Orthopedics And Spine Market
4.5.4.1. Adoption Scenario & Market Determinants
4.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.4.3. Key Conclusions
4.5.4.4. Market Sub-Segments
4.5.4.4.1. Orthopedic Robotic Systems
4.5.4.4.2. Reconstructive Implants
4.5.4.4.3. Spinal Implants
4.5.4.4.4. Trauma Fixation Devices
4.5.5. Global Imaging Devices Market
4.5.5.1. Adoption Scenario & Market Determinants
4.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.5.3. Key Conclusions
4.5.5.4. Market Sub-Segments
4.5.5.4.1. Clinical/Point Of Care
4.5.5.4.2. Computed Tomography (Ct)
4.5.5.4.3. Interventional Radiology
4.5.5.4.4. Laser Imaging
4.5.5.4.5. Magnetic Resonance Imaging (Mri) Systems
4.5.5.4.6. Nuclear Medicine/Positron Emission Tomography (Pet)
4.5.5.4.7. Ultrasound Systems
4.5.5.4.8. X-Ray Systems
4.5.6. Global Cardiovascular Devices Market
4.5.6.1. Adoption Scenario & Market Determinants
4.5.6.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.6.3. Key Conclusions
4.5.6.4. Market Sub-Segments
4.5.6.4.1. Cardiac Rhythm Management
4.5.6.4.2. Transcatheter Technologies
4.5.7. Global Endoscopy Market
4.5.7.1. Adoption Scenario & Market Determinants
4.5.7.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.7.3. Key Conclusions
4.5.7.4. Market Sub-Segments
4.5.7.4.1. Flexible Endoscopes
4.5.7.4.2. Rigid Endoscopes

5. Competitive Landscape
5.1. Key Strategies
5.1.1. List Of Mergers And Acquisitions
5.1.2. List Of Joint Ventures
5.1.3. List Of Product Launches
5.1.4. List Of Partnerships

6. Geographic Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4.  Global Medical Devices Market By Region 2015-2024
6.4.1. North America
6.4.1.1. Industry Analysis 2015-2024 ($ Million)
6.4.1.2. Top Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.1.2.1.2. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.1.2.2.2. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Analysis 2015-2024 ($ Million)
6.4.2.2. Top Country Analysis
6.4.2.2.1. Uk
6.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.1.2. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.2.2. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.3.2. Key Conclusions
6.4.2.2.4. Spain
6.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.4.2. Key Conclusions
6.4.2.2.5. Rest Of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.5.2. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Analysis 2015-2024 ($ Million)
6.4.3.2. Top Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.1.2. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.2.2. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.3.2. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.4.2. Key Conclusions
6.4.3.2.5. Rest Of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.5.2. Key Conclusions
6.4.4. Row
6.4.4.1. Industry Analysis 2015-2024 ($ Million)
6.4.4.2. Top Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.4.2.1.2. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.4.2.2.2. Key Conclusions

7. Company Profiles
7.1. Abbott Laboratories (U.S.)
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Strategic Initiatives
7.1.4. Scot Analysis
7.1.5. Strategic Analysis
7.2. Baxter International (U.S.)
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Strategic Initiatives
7.2.4. Scot Analysis
7.2.5. Strategic Analysis
7.3. Beckman Coulter (U.S.)
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Strategic Initiatives
7.3.4. Scot Analysis
7.3.5. Strategic Analysis
7.4. Becton Dickinson And Co. (U.S.)
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Strategic Initiatives
7.4.4. Scot Analysis
7.4.5. Strategic Analysis
7.5. Fujifilm Sonosite (U.S.)
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Strategic Initiatives
7.5.4. Scot Analysis
7.5.5. Strategic Analysis
7.6. Ge Healthcare (U.S.)
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Strategic Initiatives
7.6.4. Scot Analysis
7.6.5. Strategic Analysis
7.7. Hitachi Aloka Medical, Ltd. (Japan)
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Strategic Initiatives
7.7.4. Scot Analysis
7.7.5. Strategic Analysis
7.8. Johnson & Johnson (U.S.)
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Strategic Initiatives
7.8.4. Scot Analysis
7.8.5. Strategic Analysis
7.9. Medison Ltd. (Israel)
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Strategic Initiatives
7.9.4. Scot Analysis
7.9.5. Strategic Analysis
7.10. Medtronic Inc. (U.S)
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Strategic Initiatives
7.10.4. Scot Analysis
7.10.5. Strategic Analysis
7.11. Mindray (China)
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Strategic Initiatives
7.11.4. Scot Analysis
7.11.5. Strategic Analysis
7.12. Philips Healthcare Informatics, Inc. (U.S.)
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Strategic Initiatives
7.12.4. Scot Analysis
7.12.5. Strategic Analysis
7.13. Qiagen (Germany)
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Strategic Initiatives
7.13.4. Scot Analysis
7.13.5. Strategic Analysis
7.14. Roche Diagnostics (Switzerland)
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Strategic Initiatives
7.14.4. Scot Analysis
7.14.5. Strategic Analysis
7.15. Shimazdu Corp. (Japan)
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Strategic Initiatives
7.15.4. Scot Analysis
7.15.5. Strategic Analysis
7.16. Siemens Healthcare (Germany)
7.16.1. Overview
7.16.2. Product Portfolio
7.16.3. Strategic Initiatives
7.16.4. Scot Analysis
7.16.5. Strategic Analysis
7.17. Smith & Nephew (U.K.)
7.17.1. Overview
7.17.2. Product Portfolio
7.17.3. Strategic Initiatives
7.17.4. Scot Analysis
7.17.5. Strategic Analysis
7.18. Stryker Corp. (U.S.)
7.18.1. Overview
7.18.2. Product Portfolio
7.18.3. Strategic Initiatives
7.18.4. Scot Analysis
7.18.5. Strategic Analysis
7.19. Thermofisher Scientific (U.S.)
7.19.1. Overview
7.19.2. Product Portfolio
7.19.3. Strategic Initiatives
7.19.4. Scot Analysis
7.19.5. Strategic Analysis
7.20. Toshiba (Japan)
7.20.1. Overview
7.20.2. Product Portfolio
7.20.3. Strategic Initiatives
7.20.4. Scot Analysis
7.20.5. Strategic Analysis
7.21. Zimmer Biomet (U.S.)
7.21.1. Overview
7.21.2. Product Portfolio
7.21.3. Strategic Initiatives
7.21.4. Scot Analysis
7.21.5. Strategic Analysis

List Of Tables
1. Global Medical Devices Market By Technology 2015-2024 ($ Million)
2. Global  Drug Delivery Devices Market By Geography 2015-2024 ($ Million)
3. Global Medical Devices Market By Drug Delivery Devices 2015-2024 ($ Million)
4. Global Infusion Systems And Injectables Market By Geography 2015-2024 ($ Million)
5. Global Inhalation Systems Market By Geography 2015-2024 ($ Million)
6. Global Needle-Free Injections/Transdermal Systems And Others Market By Geography 2015-2024 ($ Million)
7. Global  Urology And Renal Market By Geography 2015-2024 ($ Million)
8. Global Medical Devices Market By Urology And Renal 2015-2024 ($ Million)
9. Global Incontinence Devices Market By Geography 2015-2024 ($ Million)
10. Global Lithotripters Market By Geography 2015-2024 ($ Million)
11. Global Renal Dialysis Devices Market By Geography 2015-2024 ($ Million)
12. Global In Vitro Diagnostics Market By Geography 2015-2024 ($ Million)
13. Global Medical Devices Market By In Vitro Diagnostics 2015-2024 ($ Million)
14. Global Clinical Chemistry Market By Geography 2015-2024 ($ Million)
15. Global Hematology/Hemostasis Market By Geography 2015-2024 ($ Million)
16. Global Immunochemistry Market By Geography 2015-2024 ($ Million)
17. Global Molecular Diagnostics Market By Geography 2015-2024 ($ Million)
18. Global Point-Of-Care Testing Market By Geography 2015-2024 ($ Million)
19. Global Orthopedics And Spine Market By Geography 2015-2024 ($ Million)
20. Global Medical Devices Market By Orthopedics And Spine 2015-2024 ($ Million)
21. Global Orthopedic Robotic Systems Market By Geography 2015-2024 ($ Million)
22. Global Reconstructive Implants Market By Geography 2015-2024 ($ Million)
23. Global Spinal Implants Market By Geography 2015-2024 ($ Million)
24. Global Trauma Fixation Devices Market By Geography 2015-2024 ($ Million)
25. Global Imaging Devices Market By Geography 2015-2024 ($ Million)
26. Global Medical Devices Market By Imaging Devices 2015-2024 ($ Million)
27. Global Clinical/Point Of Care Market By Geography 2015-2024 ($ Million)
28. Global Computed Tomography (Ct) Market By Geography 2015-2024 ($ Million)
29. Global Interventional Radiology Market By Geography 2015-2024 ($ Million)
30. Global Laser Imaging Market By Geography 2015-2024 ($ Million)
31. Global Magnetic Resonance Imaging (Mri) Systems Market By Geography 2015-2024 ($ Million)
32. Global Nuclear Medicine/Positron Emission Tomography (Pet) Market By Geography 2015-2024 ($ Million)
33. Global Ultrasound Systems Market By Geography 2015-2024 ($ Million)
34. Global X-Ray Systems Market By Geography 2015-2024 ($ Million)
35. Global Cardiovascular Devices Market By Geography 2015-2024 ($ Million)
36. Global Medical Devices Market By Cardiovascular Devices 2015-2024 ($ Million)
37. Global Cardiac Rhythm Management Market By Geography 2015-2024 ($ Million)
38. Global Transcatheter Technologies Market By Geography 2015-2024 ($ Million)
39. Global Endoscopy Market By Geography 2015-2024 ($ Million)
40. Global Medical Devices Market By Endoscopy 2015-2024 ($ Million)
41. Global Flexible Endoscopes Market By Geography 2015-2024 ($ Million)
42. Global Rigid Endoscopes Market By Geography 2015-2024 ($ Million)
43. North America Medical Devices Market 2015-2024 ($ Million)
44. Europe Medical Devices  Market 2015-2024 ($ Million)
45. Asia Pacific Medical Devices Market 2015-2024 ($ Million)
46. Rest Of The World Medical Devices Market 2015-2024 ($ Million)
47. North America Medical Devices Market By Technology 2015-2024 ($ Million)
48. Europe Medical Devices Market By Technology 2015-2024 ($ Million)
49. Asia Pacific Medical Devices Market By Technology 2015-2024 ($ Million)
50. Rest Of The World Medical Devices Market By Technology 2015-2024 ($ Million)

List Of Figures
1. Global Drug Delivery Devices Market 2015-2024 ($ Million)
2. Global Infusion Systems And Injectables Market 2015-2024 ($ Million)
3. Global Inhalation Systems Market 2015-2024 ($ Million)
4. Global Needle-Free Injections/Transdermal Systems Market 2015-2024 ($ Million)
5. Global Urology And Renal Market 2015-2024 ($ Million)
6. Global Incontinence Devices Market 2015-2024 ($ Million)
7. Global Lithotripters Market 2015-2024 ($ Million)
8. Global Renal Dialysis Devices Market 2015-2024 ($ Million)
9. Global In Vitro Diagnostics Market 2015-2024 ($ Million)
10. Global Clinical Chemistry Market 2015-2024 ($ Million)
11. Global Hematology/Hemostasis Market 2015-2024 ($ Million)
12. Global Immunochemistry Market 2015-2024 ($ Million)
13. Global Molecular Diagnostics Market 2015-2024 ($ Million)
14. Global Point-Of-Care Testing Market 2015-2024 ($ Million)
15. Global Orthopedics And Spine Market 2015-2024 ($ Million)
16. Global Orthopedic Robotic Systems Market 2015-2024 ($ Million)
17. Global Reconstructive Implants Market 2015-2024 ($ Million)
18. Global Spinal Implants Market 2015-2024 ($ Million)
19. Global Trauma Fixation Devices Market 2015-2024 ($ Million)
20. Global Imaging Devices Market 2015-2024 ($ Million)
21. Global Clinical/Point Of Care Market 2015-2024 ($ Million)
22. Global Computed Tomography (Ct) Market 2015-2024 ($ Million)
23. Global Interventional Radiology Market 2015-2024 ($ Million)
24. Global Laser Imaging Market 2015-2024 ($ Million)
25. Global Magnetic Resonance Imaging (Mri) Systems Market 2015-2024 ($ Million)
26. Global Nuclear Medicine/Positron Emission Tomography (Pet) Market 2015-2024 ($ Million)
27. Global Ultrasound Systems Market 2015-2024 ($ Million)
28. Global X-Ray Systems Market 2015-2024 ($ Million)
29. Global Cardiovascular Devices Market 2015-2024 ($ Million)
30. Global Cardiac Rhythm Management Market 2015-2024 ($ Million)
31. Global Transcatheter Technologies Market 2015-2024 ($ Million)
32. Global Endoscopy Market 2015-2024 ($ Million)
33. Global Flexible Endoscopes Market 2015-2024 ($ Million)
34. Global Rigid Endoscopes Market 2015-2024 ($ Million)
35. United States (U.S.) Medical Devices Market 2015-2024 ($ Million)
36. Canada Medical Devices Market 2015-2024 ($ Million)
37. United Kingdom (Uk) Medical Devices Market 2015-2024 ($ Million)
38. France Medical Devices Market 2015-2024 ($ Million)
39. Germany Medical Devices Market 2015-2024 ($ Million)
40. Spain Medical Devices Market 2015-2024 ($ Million)
41. Roe Medical Devices Market 2015-2024 ($ Million)
42. India Medical Devices Market 2015-2024 ($ Million)
43. China Medical Devices Market 2015-2024 ($ Million)
44. Japan Medical Devices Market 2015-2024 ($ Million)
45. Australia Medical Devices Market 2015-2024 ($ Million)
46. Roapac Medical Devices Market 2015-2024 ($ Million)
47. Latin America Medical Devices Market 2015-2024 ($ Million)
48. Mena Medical Devices Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beckman Coulter (U.S.)
  • Ge Healthcare (U.S.)
  • Medison Ltd. (Israel)
  • Mindray (China)
  • Shimazdu Corp. (Japan)
  • Stryker Corp. (U.S.)
  • MORE

Global medical devices market to witness a substantial market growth through 2024
Medical devices include apparatus and instruments such as lasers, sutures, orthopedic pins, vascular grafts, pacemakers, intraocular lenses, etc. which are specifically used for diagnostic and therapeutic purposes. Global medical devices market is expected to rise with the CAGR of about 5.3% during forecast period 2017-2024.

Strategic initiatives taken by various market players is expected to contribute to the growth of global medical devices market during forecast period. According to the official company sources, in 2018, Siemens Healthineers launched Acuson Juniper ultrasound system, a next generation ultrasound system.

The ultrasound system integrates high-end imaging performance and advanced applications with flexible, ergonomic design and lightweight applications which makes it suitable to be used across different clinical segments. Also, in 2017, Abbott Laboratories acquired St. Jude Medical, Inc. with the intent to establish itself as a leader in medical device market. The major aim of this acquisition was for the development of diverse and strong portfolio of medical devices and diagnostic instruments, as per the official company sources.

Further, in 2017, Johnson and Johnson’s DePuy Synthes launched a new high definition visualisation system, Purevue. The system comprises of an autoclavable camera embedded with endoscopy sensitive sensor to capture high definition images and is used in minimally invasive endoscopic surgeries, as per the official company sources.

Moreover, in 2018, Roche Diagnostics signed a strategic collaboration with GE Healthcare for the development of digital clinical decision support solutions. The digital platform would improve the treatment for oncology and patient care, as per the official company sources. Such strategic initiatives for the development of advanced medical devices is expected to contribute to the growth of global medical devices market during forecast period.

Rapidly increasing geriatric population to fuel large scale adoption of medical devices 
Rapid growth witnessed in geriatric population across the globe is one of the major factor which contributes to the growth of global medical devices market during forecast period. According to the National institute of health (NIH, United States), about 8.5 % of global population i.e. 617 million people were of age 65 and above (geriatric) in 2015.

The geriatric population is expected to reach up to approximately 1.6 billion by the end of 2050. Increasing geriatric population would increase the need and demand for medical devices for diagnosis and treatment of age related diseases such as alzheimers, visual impairment, bone related disorders, etc.

Also, major developed and developing countries are witnessing rapid rise in geriatric population. For instance, as per the Population Reference Bureau (United States), population of China of age 65 years and more was recorded to be around 90 million in 2010. Geriatric population across China is expected to increase and reach up to 300 million by the end of 2050. In addition, geriatric population (more than 65 years) in the United States is expected to get about double and would reach up to 98 million by the end of 2060 as compared to 46 million in 2016. Increasing geriatric population is expected to increase the adoption of medical devices globally which would fuel growth in the global medical devices market during forecast period.

Increasing healthcare spending: Growth promoter
Increasing healthcare spending and expenditure is one of the major factors which promotes the growth of global medical devices market during forecast period. According to the Institute of Health Metrics and Evaluations (United States), health expenditure across the globe is expected to reach to about $18.28 trillion by the end of 2040.

Also, according to the Centers for Medicare and Medicaid Services (United States), in 2015, national healthcare expenditure across the United States was recorded to be around $3.2 trillion. The national healthcare expenditure was increased and reached upto $3.35 trillion in 2016 across United States.

Further, according to the Public Broadcasting service, healthcare spending per person in United States was $10,000 in 2015. This was increased up to nearly $10,345 per person in 2016 across United States. Moreover, healthcare expenditure across India is projected to riseby nearly12% to approx. $195.7 billion by the end of 2018 from $96.3 billion in 2013, as per the India Brand Equity Foundation (IBEF, India).

Increasing healthcare expenditure is expected to enhance the research and development of medical devices that would contribute to the growth of global medical devices market during forecast period. However, product failures and recalls pertaining to medical devices and high cost of medical devices are some of the major factors restraining the growth of global medical devices market during forecast period.

Note: Product cover images may vary from those shown
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  • Abbott Laboratories (U.S.)
  • Baxter International (U.S.)
  • Beckman Coulter (U.S.)
  • Becton Dickinson And Co. (U.S.)
  • Fujifilm Sonosite (U.S.)
  • Ge Healthcare (U.S.)
  • Hitachi Aloka Medical, Ltd. (Japan)
  • Johnson & Johnson (U.S.)
  • Medison Ltd. (Israel)
  • Medtronic Inc. (U.S)
  • Mindray (China)
  • Philips Healthcare Informatics, Inc. (U.S.)
  • Qiagen (Germany)
  • Roche Diagnostics (Switzerland)
  • Shimazdu Corp. (Japan)
  • Siemens Healthcare (Germany)
  • Smith & Nephew (U.K.)
  • Stryker Corp. (U.S.)
  • Thermofisher Scientific (U.S.)
  • Toshiba (Japan)
  • Zimmer Biomet (U.S.)
Note: Product cover images may vary from those shown
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