Press Release

Medical Devices Market 2020 Global Industry Share, Size, Revenue, Business Boosting Strategies, CAGR Status, and Forecast 2025 – Fortune Business Insights

The Medical Devices Market is anticipated to grow significantly owing to the rise in geriatric population. Fortune Business Insights in a new study, titled “Medical Devices Market Size, Share and Global Trend by Type (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, MIS, Wound Management, Diabetes Care, Ophthalmic Devices, Dental & Nephrology), End User (Hospitals & Ambulatory Surgical Centers and Clinics) and Geography Forecast till 2025” finds that in-vitro diagnostics is likely to dominate the medical devices market. According to the study, the segment covered a share of 14.6% in the global medical devices market in the year 2017.

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Rising Prevalence of Chronic Disorders and Demand for Preventive Healthcare to Spur Growth

The rising incidence of chronic diseases such as diabetes, cancer, heart diseases is fueling the demand for various medical devices in North America. According to the National Center for Chronic Disease Prevention and Health Promotion (CDC), around six in every 10 people in the U.S live with one of the above mentioned chronic diseases.

 

Table of Content:

1.Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2.Executive Summary

3.Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4.Key Insights

4.1 Recent industry developments such as mergers & acquisitions

4.2 Overview of healthcare expenditure by key countries

4.3 Technological advancements

4.4 Key industry trends

 

Stringent FDA Regulations on the Approval of Medical Devices May Hamper the Growth

The global medical devices market is expected to grow, but there are certain factors restricting the market. Time taken to attain regulatory approvals may limit the growth of the market to an extent.

Segmentation:

By Type

  • Orthopedic Devices
  • Cardiovascular Devices
  • Diagnostic Imaging
  • IVD
  • MIS
  • Wound Management
  • Diabetes Care
  • Ophthalmic Devices
  • Dental
  • Nephrology

By End User

  • Hospitals & Ambulatory Surgical Centers
  • Clinics

 

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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