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Medical Equipment Global Market Opportunities and Strategies to 2033

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    Report

  • 455 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5767172
This report describes and explains the medical equipment market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global medical equipment market reached a value of nearly $680.9 billion in 2023, having grown at a compound annual growth rate (CAGR) of 7.2% since 2018. The market is expected to grow from $680.9 billion in 2023 to $1.08 trillion in 2028 at a rate of 9.8%. The market is then expected to grow at a CAGR of 8.9% from 2028 and reach $1.66 trillion in 2033.

Growth in the historic period resulted from increase in the size of the aging population, rise in healthcare expenditures, increased number of surgical procedures and growth in the adoption of telemedicine. Factors that high development costs.

Going forward, strong economic growth, government initiatives in healthcare, rising prevalence of chronic diseases and growing medical tourism industry will drive the growth. Factor that could hinder the export restrictions.

The medical equipment market is segmented by type into into in-vitro diagnostics, dental equipment and supplies, ophthalmic devices, diagnostic imaging equipment, cardiovascular devices, hospital supplies, surgical equipment, orthopedic devices and other types. The other types market was the largest segment of the medical equipment market segmented by type, accounting for 39.2% or $267.1 billion of the total in 2023. Going forward, the in-vitro diagnostics segment is expected to be the fastest growing segment in the medical equipment market segmented by type, at a CAGR of 13.5% during 2023-2028.

The medical equipment market is segmented by type of expenditure into public and private. The public market was the largest segment of the medical equipment market segmented by type of expenditure, accounting for 68.6% or $515 billion of the total in 2023. Going forward, the private segment is expected to be the fastest growing segment in the medical equipment market segmented by type of expenditure, at a CAGR of 10% during 2023-2028.

The medical equipment market is segmented by product into instruments/equipment and disposables. The instruments/equipment market was the largest segment of the medical equipment market segmented by product, accounting for 72.9% or $496.6 billion of the total in 2023. Going forward, the disposables segment is expected to be the fastest growing segment in the medical equipment market segmented by product, at a CAGR of 10.2% during 2023-2028.

The medical equipment market is segmented by end user into hospitals and clinics, homecare, diagnostic centers other end users. The hospitals and clinics market was the largest segment of the medical equipment market segmented by end user, accounting for 53.2% or $362.1 billion of the total in 2023. Going forward, the homecare segment is expected to be the fastest growing segment in the medical equipment market segmented by end user, at a CAGR of 10.6% during 2023-2028.

North America was the largest region in the medical equipment market, accounting for 34.4% or $234.3 billion of the total in 2023. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the medical equipment market will be Middle East and South America where growth will be at CAGRs of 22.8% and 12.8% respectively. These will be followed by Asia Pacific and Western Europe where the markets are expected to grow at CAGRs of 9.4% and 9.2% respectively.

The global medical equipment market is highly concentrated, with a large number of players operating in the market. The top ten competitors in the market made up to 32.4% of the total market in 2022. The market concentration can be attributed to the presence of large number of players in different geographies. Prominent players are acquiring the products and entering into partnerships with the other companies to consolidate their market positions across the globe, while others are distributing products. Medtronic Inc was the largest competitor with a 4.6% share of the market, followed by Abbott Laboratories with 4.6%, Johnson & Johnson with 4.4%, Siemens AG with 3.2%, Becton Dickinson and Company (BD) with 3.1%, STRYKER CORPORATION with 3%, EssilorLuxottica with 2.6%, Cardinal Health with 2.6%, Danaher Corporation with 2.3% and Boston Scientific Corporation with 2.1%.

The top opportunities in the medical equipment market segmented by type will arise in the other types segment, which will gain $168.8 billion of global annual sales by 2028. The top opportunities in the medical equipment market by type of expenditure will arise in the public segment, which will gain $274.4 billion of global annual sales by 2028. The top opportunities in the medical equipment market by product will arise in the instruments/equipment segment, which will gain $289.9 billion of global annual sales by 2028. The top opportunities in the medical equipment market by end user will arise in the hospitals and clinics segment, which will gain $217.8 billion of global annual sales by 2028. The medical equipment market size will gain the most in USA at $86 billion.

Market-trend-based strategies for the medical equipment market include focus on innovative CT scanners to democratize access to quality healthcare, innovative medical solutions for microbial identification, AI-enabled MRI systems redefining diagnostic accuracy and patient experience, innovative multifunctional non-invasive ventilators with built-in oxygen therapy and humidifier and strategic partnerships and collaborations to drive medical equipment development.

Player-adopted strategies in the medical equipment market include focus on expanding manufacturing capabilities globally across different countries and regions, investments in R&D and launch of new products, expanding product offerings through strategic acquisitions, collaborating with stakeholders to expand manufacturing capabilities and strengthening its business operations through the launch of new products and solutions.

To take advantage of the opportunities, the analyst recommends medical equipment companies to focus on technological innovation for enhanced healthcare, focus on technological advancements in microbial identification, focus on ai-enabled MRI systems for enhanced diagnostic capabilities, focus on multifunctional non-invasive ventilators for enhanced patient care, focus on in-vitro diagnostics and ophthalmic devices segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships for market expansion, provide competitively priced offerings, continue to use B2B promotions and focus on hospitals and clinics and homecare segments.

Table of Contents

1 Executive Summary
1.1 Medical Equipment - Market Attractiveness and Macro Economic Landscape
2 Table of Contents3 List of Tables4 List of Figures5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Medical Equipment Market Definition and Segmentation
6.4 Market Segmentation by Type
6.4.1 in-Vitro Diagnostics
6.4.2 Dental Equipment and Supplies
6.4.3 Ophthalmic Devices
6.4.4 Diagnostic Imaging Equipment
6.4.5 Cardiovascular Devices
6.4.6 Hospital Supplies
6.4.7 Surgical Equipment
6.4.8 Orthopedic Devices
6.4.9 Other Types
6.5 Market Segmentation by Type of Expenditure
6.5.1 Public
6.5.2 Private
6.6 Market Segmentation by Product
6.6.1 Instruments/Equipment
6.6.2 Disposables
6.7 Market Segmentation by End User
6.7.1 Hospitals and Clinics
6.7.2 Homecare
6.7.3 Diagnostics Centers
6.7.4 Other End Users
7 Medical Equipment Market, Product Analysis - Product Examples
8 Supply Chain Analysis
8.1 Raw Material and Component Suppliers
8.1.1 Metals and Plastics Suppliers
8.1.2 Components Suppliers
8.2 Brand Manufacturers
8.3 Contract Manufacturers
8.4 Wholesalers and Distributors
8.5 Retailers
8.6 End Users
9 Customer Information
9.1 Use of Point-Of-Care-Testing of C-Reactive Protein (CRP-PoCT) At Outpatient Emergency Medical Services (OEMS)
9.2 Patients Agree Wearable Devices Improve Health Outcomes, But Many Find Them Hard to Use
9.3 Customer Preferences on Healthcare Products Purchased Online
9.4 Companies Facing Challenges With MDR in the EU
9.5 Increasing Focus on Health and Fitness
9.6 Adults With Type 2 Diabetes Have Challenges When Using Bluetooth® Glucose Monitoring Devices
9.7 Outpatients Experience a Diagnostic Error
9.8 Increase in Preference for Remote Health Monitoring Devices
9.9 Decrease in the Use of Wearable Technology
9.10 Association of Neurological Symptoms With COVID-19
9.11 Consumers Were Seeking Information on Diabetes Devices
9.12 Shortage of Diabetes Management Resources
10 Major Market Trends
10.1 Innovative CT Scanners to Democratize Access to Quality Healthcare
10.2 Innovative Medical Solutions for Microbial Identification
10.3 AI-Enabled MRI Systems Redefining Diagnostic Accuracy and Patient Experience
10.4 Innovative Multifunctional Non-Invasive Ventilators With Built-in Oxygen Therapy and Humidifier
10.5 Strategic Partnerships and Collaborations to Drive Medical Equipment Development
11 Medical Equipment Market - Macro Economic Scenario
11.1 COVID-19 Impact on the Medical Equipment Market
11.2 Impact of the War in Ukraine on the Medical Equipment Market
11.3 Impact of High Inflation on the Medical Equipment Market
12 Global Market Size and Growth
12.1 Market Size
12.2 Historic Market Growth, 2018-2023, Value ($ Million)
12.2.1 Market Drivers 2018-2023
12.2.2 Market Restraints 2018-2023
12.3 Forecast Market Growth, 2023-2028, 2033F Value ($ Million)
12.3.1 Market Drivers 2023-2028
12.3.2 Market Restraints 2023-2028
13 Medical Equipment Market, Regional Analysis
13.1 Global Medical Equipment Market, by Region, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.2 Global Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Region
13.3 Global Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Region
14 Global Medical Equipment Market Segmentation
14.1 Global Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.2 Global Medical Equipment Market, Segmentation by Type of Expenditure, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.3 Global Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.4 Global Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15 Market Comparison with Macro Economic Factors
15.1 Medical Equipment Market Size, Percentage of GDP, Global
15.2 Per Capita Average Medical Equipment Market Expenditure, Global
16 Asia-Pacific Market
16.1 Summary
16.1.1 Market Overview
16.1.2 Region Information
16.1.3 Market Information
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Investments
16.1.12 Major Companies
16.2 Asia-Pacific Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.3 Asia-Pacific Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.4 Asia-Pacific Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.5 Asia-Pacific Medical Equipment Market, 2023, by Country, Value ($ Million)
16.6 Asia-Pacific Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
16.7 Asia-Pacific Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
16.8 Asia-Pacific Medical Equipment Market Metrics
16.8.1 Per Capita Medical Equipment Expenditure, 2023, Asia-Pacific Major Countries
16.9 Asia-Pacific Medical Equipment Market: Country Analysis
16.10 Australia Market
16.11 Australia Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.12 Australia Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.13 Australia Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.14 Bangladesh Market
16.15 Bangladesh Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.16 China Market
16.17 Summary
16.17.1 Market Overview
16.17.2 Country Information
16.17.3 Market Information
16.17.4 Background Information
16.17.5 Government Initiatives
16.17.6 Regulations
16.17.7 Regulatory Bodies
16.17.8 Major Associations
16.17.9 Taxes Levied
16.17.10 Corporate Tax Structure
16.17.11 Investments
16.17.12 Major Companies
16.18 China Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.19 China Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.20 China Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.21 Hong Kong Market
16.22 Hong Kong Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.23 India Market
16.24 India Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.25 India Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.26 India Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.27 Indonesia Market
16.28 Indonesia Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.29 Indonesia Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.30 Indonesia Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.31 Japan Market
16.32 Japan Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.33 Japan Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.34 Japan Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.35 Malaysia Market
16.36 Malaysia Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.37 New Zealand Market
16.38 New Zealand Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.39 Philippines Market
16.40 Philippines Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.41 Singapore Market
16.42 Singapore Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.43 South Korea Market
16.44 South Korea Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.45 South Korea Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.46 South Korea Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.47 Thailand Market
16.48 Thailand Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.49 Vietnam Market
16.50 Vietnam Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17 Western Europe Market
17.1 Summary
17.1.1 Market Overview
17.1.2 Region Information
17.1.3 Market Information
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Investments
17.1.12 Major Companies
17.2 Western Europe Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.3 Western Europe Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.4 Western Europe Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.5 Western Europe Medical Equipment Market, 2023, by Country, Value ($ Million)
17.6 Western Europe Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
17.7 Western Europe Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
17.8 Western Europe Medical Equipment Market Metrics
17.8.1 Per Capita Medical Equipment Expenditure, 2023, Western Europe Major Countries
17.9 Western Europe Medical Equipment Market: Country Analysis
17.10 Austria Market
17.11 Austria Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.12 Belgium Market
17.13 Belgium Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.14 Denmark Market
17.15 Denmark Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.16 Finland Market
17.17 Finland Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.18 France Market
17.19 France Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.20 France Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.21 France Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.22 Germany Market
17.23 Germany Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.24 Germany Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.25 Germany Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.26 Ireland Market
17.27 Ireland Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.28 Italy Market
17.29 Italy Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.30 Italy Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.31 Italy Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.32 Netherlands Market
17.33 Netherlands Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.34 Norway Market
17.35 Norway Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.36 Portugal Market
17.37 Portugal Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.38 Spain Market
17.39 Spain Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.40 Spain Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.41 Spain Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.42 Sweden Market
17.43 Sweden Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.44 Switzerland Market
17.45 Switzerland Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.46 UK Market
17.47 UK Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.48 UK Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.49 UK Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18 Eastern Europe Market
18.1 Summary
18.1.1 Market Overview
18.1.2 Region Information
18.1.3 Market Information
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Investments
18.1.12 Major Companies
18.2 Eastern Europe Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.3 Eastern Europe Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.4 Eastern Europe Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.5 Eastern Europe Medical Equipment Market, 2023, by Country, Value ($ Million)
18.6 Eastern Europe Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
18.7 Eastern Europe Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
18.8 Eastern Europe Medical Equipment Market Metrics
18.8.1 Per Capita Medical Equipment Expenditure, 2023, Eastern Europe Major Countries
18.9 Eastern Europe Medical Equipment Market: Country Analysis
18.10 Czech Republic Market
18.11 Czech Republic Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.12 Poland Market
18.13 Poland Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.14 Romania Market
18.15 Romania Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.16 Russia Market
18.17 Russia Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.18 Russia Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.19 Russia Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.20 Ukraine Market
18.21 Ukraine Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19 North America Market
19.1 Summary
19.1.1 Market Overview
19.1.2 Region Information
19.1.3 Market Information
19.1.4 Background Information
19.1.5 Government Initiatives
19.1.6 Regulations
19.1.7 Regulatory Bodies
19.1.8 Major Associations
19.1.9 Taxes Levied
19.1.10 Corporate Tax Structure
19.1.11 Investments
19.1.12 Major Companies
19.2 North America Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.3 North America Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.4 North America Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.5 North America Medical Equipment Market, 2023, by Country, Value ($ Million)
19.6 North America Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
19.7 North America Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
19.8 North America Medical Equipment Market Metrics
19.8.1 Per Capita Medical Equipment Expenditure, 2023, North America Major Countries
19.9 North America Medical Equipment Market: Country Analysis
19.10 Canada Market
19.11 Canada Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.12 Canada Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.13 Canada Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.14 Mexico Market
19.15 Mexico Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.16 USA Market
19.17 Summary
19.17.1 Market Overview
19.17.2 Country Information
19.17.3 Market Information
19.17.4 Background Information
19.17.5 Government Initiatives
19.17.6 Regulations
19.17.7 Regulatory Bodies
19.17.8 Major Associations
19.17.9 Taxes Levied
19.17.10 Corporate Tax Structure
19.17.11 Investments
19.17.12 Major Companies
19.18 USA Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.19 USA Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19.20 USA Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20 South America Market
20.1 Summary
20.1.1 Market Overview
20.1.2 Region Information
20.1.3 Market Information
20.1.4 Background Information
20.1.5 Government Initiatives
20.1.6 Regulations
20.1.7 Regulatory Bodies
20.1.8 Major Associations
20.1.9 Taxes Levied
20.1.10 Corporate Tax Structure
20.1.11 Investments
20.1.12 Major Companies
20.2 South America Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.3 South America Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.4 South America Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.5 South America Medical Equipment Market, 2023, by Country, Value ($ Million)
20.6 South America Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
20.7 South America Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
20.8 South America Medical Equipment Market Metrics
20.8.1 Per Capita Medical Equipment Expenditure, 2023, South America Major Countries
20.9 South America Medical Equipment Market: Country Analysis
20.10 Argentina Market
20.11 Argentina Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.12 Brazil Market
20.13 Brazil Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.14 Brazil Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.15 Brazil Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.16 Chile Market
20.17 Chile Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.18 Colombia Market
20.19 Colombia Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
20.20 Peru Market
20.21 Peru Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21 Middle East Market
21.1 Summary
21.1.1 Market Overview
21.1.2 Region Information
21.1.3 Market Information
21.1.4 Background Information
21.1.5 Government Initiatives
21.1.6 Regulations
21.1.7 Regulatory Bodies
21.1.8 Major Associations
21.1.9 Taxes Levied
21.1.10 Corporate Tax Structure
21.1.11 Investments
21.1.12 Major Companies
21.2 Middle East Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.3 Middle East Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.4 Middle East Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.5 Middle East Medical Equipment Market, 2023, by Country, Value ($ Million)
21.6 Middle East Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
21.7 Middle East Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
21.8 Middle East Medical Equipment Market Metrics
21.8.1 Per Capita Medical Equipment Expenditure, 2023, Middle East Major Countries
21.9 Middle East Medical Equipment Market: Country Analysis
21.10 Iran Market
21.11 Iran Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.12 Israel Market
21.13 Israel Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.14 Saudi Arabia Market
21.15 Saudi Arabia Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.16 Turkey Market
21.17 Turkey Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
21.18 UAE Market
21.19 UAE Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
22 Africa Market
22.1 Summary
22.1.1 Market Overview
22.1.2 Region Information
22.1.3 Market Information
22.1.4 Background Information
22.1.5 Government Initiatives
22.1.6 Regulations
22.1.7 Regulatory Bodies
22.1.8 Major Associations
22.1.9 Taxes Levied
22.1.10 Corporate Tax Structure
22.1.11 Investments
22.1.12 Major Companies
22.2 Africa Medical Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
22.3 Africa Medical Equipment Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
22.4 Africa Medical Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
22.5 Africa Medical Equipment Market, 2023, by Country, Value ($ Million)
22.6 Africa Medical Equipment Market, 2018 - 2028, Historic and Forecast, by Country
22.7 Africa Medical Equipment Market, 2023-2028, Growth and Market Share Comparison, by Country
22.8 Africa Medical Equipment Market Metrics
22.8.1 Per Capita Medical Equipment Expenditure, 2023, Africa Major Countries
22.9 Africa Medical Equipment Market: Country Analysis
22.10 Egypt Market
22.11 Egypt Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
22.12 Nigeria Market
22.13 Nigeria Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
22.14 South Africa Market
22.15 South Africa Medical Equipment Market, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
23 Competitive Landscape and Company Profiles
23.1 Company Profiles
23.2 Medtronic Inc
23.2.1 Company Overview
23.2.2 Products and Services
23.2.3 Business Strategy
23.2.4 Financial Overview
23.3 Abbott Laboratories
23.3.1 Company Overview
23.3.2 Products and Services
23.3.3 Business Strategy
23.3.4 Financial Overview
23.4 Johnson & Johnson
23.4.1 Company Overview
23.4.2 Products and Services
23.4.3 Business Strategy
23.4.4 Financial overview
23.5 Siemens AG
23.5.1 Company Overview
23.5.2 Products and Services
23.5.3 Business Strategy
23.5.4 Financial Performance
23.6 Becton, Dickinson, and Company
23.6.1 Company Overview
23.6.2 Products and Services
23.6.3 Business Strategy
23.6.4 Financial Overview
24 Other Major and Innovative Companies
24.1 Stryker Corporation
24.1.1 Company Overview
24.1.2 Products and Services
24.2 EssilorLuxottica
24.2.1 Company Overview
24.2.2 Products and Services
24.3 Cardinal Health
24.3.1 Company Overview
24.3.2 Products and Services
24.4 Danaher Corporation
24.4.1 Company Overview
24.4.2 Products and Services
24.5 Boston Scientific Corporation
24.5.1 Company Overview
24.5.2 Products and Services
24.6 Baxter International
24.6.1 Company Overview
24.6.2 Products and Services
24.7 GE Healthcare
24.7.1 Company Overview
24.7.2 Products and Services
24.8 Koninklijke Philips N.V.
24.8.1 Company Overview
24.8.2 Products and Services
24.9 F. Hoffmann-La Roche Ltd
24.9.1 Company Overview
24.9.2 Products and Services
24.10 Alcon Inc
24.10.1 Company Overview
24.10.2 Products and Services
24.11 Zimmer Biomet
24.11.1 Company Overview
24.11.2 Products and Services
24.12 B. Braun
24.12.1 Company Overview
24.12.2 Products and Services
24.13 Terumo Corporation
24.13.1 Company Overview
24.13.2 Products and Services
24.14 Smith & Nephew PLC
24.14.1 Company Overview
24.14.2 Products and Services
24.15 Fresenius Medical Care
24.15.1 Company Overview
24.15.2 Products and Services
25 Competitive Benchmarking26 Competitive Dashboard
27 Key Mergers and Acquisitions
27.1 Arterex Acquires NextPhase Medical Device
27.2 Boston Scientific Corporation Acquires Baylis Medical Company Inc
27.3 Abbott Laboratories Acquires Cardiovascular Systems Inc.
27.4 Philips Acquires Capsule Technologies
27.5 Atlas Copco Acquires Shandong Meditech Medical Technology Co. Ltd.
27.6 Becton Dickinson and Company (BD) Acquires Tepha Inc.
28 Opportunities and Strategies
28.1 Global Medical Equipment Market in 2028 - Countries Offering Most New Opportunities
28.2 Global Medical Equipment Market in 2028 - Segments Offering Most New Opportunities
28.3 Global Medical Equipment Market in 2028 - Growth Strategies
28.3.1 Market Trend Based Strategies
28.3.2 Competitor Strategies
29 Medical Equipment Market, Conclusions and Recommendations
29.1 Conclusions
29.2 Recommendations
29.2.1 Product
29.2.2 Place
29.2.3 Price
29.2.4 Promotion
29.2.5 People
30 Appendix
30.1 Geographies Covered
30.2 Market Data Sources
30.3 Research Methodology
30.4 Currencies
30.5 About the Analyst
30.6 Copyright and Disclaimer

Executive Summary

Medical Equipment Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global medical equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.

Description

Where is the largest and fastest-growing market for medical equipment? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The medical equipment market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider medical equipment market; and compares it with other markets.

The report covers the following chapters

  • Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by type of expenditure, by product and by end user.
  • Product Analysis- The product analysis section of the report describes the leading products in the medical equipment market, along with key features and differentiators for those products.
  • Supply Chain- The supply chain section of the report defines and explains the key players in the medical equipment industry supply chain.
  • Customer Information- The chapter covers recent customer trends/preferences in the global medical equipment market.
  • Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the medical equipment market.
  • Global Market Size and Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional and Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
  • Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by type of expenditure, by product and by end user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
  • Competitive Dashboard- Briefs on competitive dashboard of major players.
  • Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
  • Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions and Recommendations- This section includes recommendations for medical equipment providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

1) by Type: in-Vitro Diagnostics; Dental Equipment and Supplies; Ophthalmic Devices; Diagnostic Imaging Equipment; Cardiovascular Devices; Hospital Supplies; Surgical Equipment; Orthopedic Devices; Other Types.
2) by Type of Expenditure: Public; Private
3) by Product: Instruments/Equipment; Disposables
4) by End User: Hospitals and Clinics; Homecare; Diagnostic Centers; Other End Users

Key Companies Mentioned: Medtronic Inc; Abbott Laboratories; Johnson & Johnson; Siemens AG; Becton Dickinson and Company (BD)

Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; medical equipment indicators comparison.

Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing:Data and analysis throughout the report is sourced using end notes.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Medtronic Inc.
  • Abbott Laboratories
  • Johnson & Johnson
  • Siemens AG
  • Becton Dickinson and Company (BD)
  • STRYKER CORPORATION
  • EssilorLuxottica
  • Cardinal Health
  • Danaher Corporation
  • Boston Scientific Corporation.
  • SCHILLER Healthcare India Pvt. Ltd
  • Covidien Healthcare India Private Limited
  • Fisher & Paykel Healthcare India Private Limited
  • ARKRAY Healthcare Pvt. Ltd
  • Accord Medical Products Private Limited
  • Shinva Medical Instrument Company Limited
  • Shandong WeiGao Group Medical Polymer Company Limited
  • Lepu Medical Technology Company (Beijing) Co., Ltd
  • Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co., Ltd
  • Shanghai Runda Medical Technology Co., Ltd
  • Terumo Corporation
  • Olympus Medical Systems Corporation
  • Canon Medical Systems Corporation
  • Hitachi Group
  • Nihon Koden Corporation
  • Sanko Manufacturing Co.Ltd
  • Fukuda Denshi
  • Metran Co., Ltd
  • Welcare Industries S.P.A
  • F.L. Medical S.r.l
  • Cardinal Medical (UK) Limited
  • Empire MEDICAL UK LTD
  • Europlaz Technologies Ltd
  • Alfa-Med LLC
  • Medplant LLC
  • Medical-Łomża Sp. z o.o
  • ProVeterináře
  • Panop CZ
  • Baxter
  • SunMed
  • Beckman Coulter
  • GE Healthcare Technologies
  • Philips Healthcare
  • Draegerwerk AG
  • Getinge Group
  • Masimo
  • Teleflex Inc
  • Nipro Medical Ltda
  • LINET Brazil
  • Fotoptica Ltda
  • Leistung Engineering Pvt. Ltd
  • Saudi Mais Co. for Medical Products (SMMP)
  • Life Pulse Medical Co
  • Watan
  • AlKawashef
  • 3BY Ltd
  • Qatari German Medical Devices Co
  • Israeli Hospitals Ltd
  • CAPS Medical
  • Amana Healthcare (Pty) Ltd
  • CapeRay
  • TiTaMED (Pty) Ltd
  • Sinapi Biomedical
  • Egyptian Medical And Environment Group

Methodology

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Table Information