+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Medical Devices Market Report and Forecast 2023-2031

  • PDF Icon


  • 140 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5786892
The global medical devices market attained a value of about USD 562.6 billion in 2022. The market is further expected to grow at a CAGR of 6.2% during the forecast period of 2023-2031 to reach a value of about USD 965.2 billion by 2031.

Medical Devices Market: Introduction

Medical devices are instruments, machines, implants, or other similar articles intended for use in the diagnosis, treatment, or prevention of disease or other medical conditions. They are designed to support healthcare providers in their efforts to deliver high-quality medical care to patients. Medical devices have a wide range of applications and can be used in various healthcare settings, including hospitals, clinics, and home care.

Medical devices are used in the diagnosis and monitoring of various medical conditions. For example, blood glucose meters are used by patients with diabetes to monitor their blood sugar levels. Other medical devices, such as electrocardiogram (ECG) machines, are used to diagnose and monitor heart conditions.

Medical devices are also used in the treatment of medical conditions. Examples include insulin pumps, which deliver insulin to patients with diabetes, and ventilators, which help patients with respiratory problems breathe more easily. Surgical instruments, such as scalpels and forceps, are also considered medical devices and are used in surgical procedures to treat various medical conditions.

In addition to diagnosis and treatment, medical devices are also used for prevention. For example, contraceptive devices such as condoms, intrauterine devices (IUDs), and contraceptive implants are used to prevent unintended pregnancy. Medical devices are also used to prevent the spread of infection, such as surgical masks and gloves.

Overall, medical devices play a crucial role in the delivery of healthcare services and help healthcare providers diagnose, treat, and prevent medical conditions. Advances in medical device technology have led to the development of innovative and life-saving devices, which have improved patient outcomes and quality of life.

Medical Devices Market Segmentations

Market Breakup by Type of Devices

  • Respiratory Devices
  • Cardiology Devices
  • Orthopaedic Devices
  • Diagnostic Imaging Devices
  • Endoscopy Devices
  • Ophthalmology Devices
  • Others

Market Breakup by End User

  • Hospitals and Clinics
  • Ambulatory Surgical Centres
  • Home Healthcare
  • Others

Medical Devices Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Medical Devices Market Scenario

The medical devices market is driven by the following factors:

Technological Advancements: Technological advancements in medical devices, such as the development of minimally invasive procedures, advanced materials, and 3D printing, are driving market growth. These innovations are improving the accuracy, efficiency, and effectiveness of medical devices and are creating new treatment options for patients.

Aging Population: The world's aging population is a major driver of the medical devices market. With an increasing number of elderly individuals requiring healthcare, the demand for medical devices is expected to grow significantly in the coming years.

Increasing Prevalence of Chronic Diseases: Chronic diseases, such as diabetes, cardiovascular disease, and cancer, are becoming more prevalent worldwide. This trend is driving demand for medical devices that can help manage these conditions, such as glucose monitoring devices, cardiac implants, and oncology devices.

Emerging Markets: Emerging markets, such as China, India, and Brazil, are experiencing rapid economic growth and increasing healthcare spending. This is creating significant opportunities for medical device manufacturers to expand their market reach and increase sales.

Regulatory Environment: The regulatory environment for medical devices is becoming increasingly stringent, with more rigorous safety and quality standards being introduced. While this creates challenges for manufacturers, it also ensures that high-quality and safe devices are available to patients.

Overall, the medical devices market is expected to continue to grow in the coming years due to these key drivers, as well as increasing patient awareness and demand for personalized healthcare solutions.

Key Players in the Global Medical Devices Market

The report gives an in-depth analysis of the key players involved in the medical devices market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • Medtronics
  • Johnson & Johnson Services, Inc
  • Fresenius Medical Care AG & Co
  • Abbott
  • GE HealthCare
  • Koninklijke Philips N.V
  • Medical Device Business Services, Inc
  • Siemens Healthcare GmbH
  • Stryker
  • Cardinal Health
  • Baxter International, Inc.

This product will be delivered within 5-7 business days.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Medical Devices Market Overview
3.1 Global Medical Devices Market Historical Value (2016-2022)
3.2 Global Medical Devices Market Forecast Value (2023-2031)
4 Global Medical Devices Market Landscape
4.1 Global Medical Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Medical Devices Product Landscape
4.2.1 Analysis by Type of Devices
4.2.2 Analysis by End User
5 Global Medical Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Medical Devices Market Segmentation
6.1 Global Medical Devices Market by Type of Devices
6.1.1 Market Overview
6.1.2 Respiratory Devices
6.1.3 Cardiology Devices
6.1.4 Orthopedic Devices
6.1.5 Diagnostic Imaging Devices
6.1.6 Endoscopy Devices
6.1.7 Ophthalmology Devices
6.1.8 Others
6.2 Global Medical Devices Market by End User
6.2.1 Market Overview
6.2.2 Hospitals and Clinics
6.2.3 Ambulatory Surgical Centres
6.2.4 Home Healthcare
6.2.5 Others
6.3 Global Medical Devices Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Medical Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Medical Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Medical Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Medical Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Medical Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronics
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Johnson & Johnson Services, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Fresenius Medical Care AG & Co.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Abbott
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 GE HealthCare
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Koninklijke Philips N.V.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Medical Device Business Services, Inc.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Siemens Healthcare GmbH
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Stryker
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Cardinal Health
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Baxter International, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Global Medical Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Medtronics
  • Johnson & Johnson Services, Inc.
  • Fresenius Medical Care AG & Co.
  • Abbott
  • Ge Healthcare
  • Koninklijke Philips N.V.
  • Medical Device Business Services, Inc.
  • Siemens Healthcare GmbH
  • Stryker
  • Cardinal Health
  • Mckesson Corporation
  • Baxter International, Inc.



Table Information