Press Release

Medical Devices Market Size Overview by Industry, Share, Growth Factor, Trends, and Analysis to 2025

Medical Devices Market to Rise at 5.3% CAGR Driven by Rising Geriatric Population and Increasing Healthcare Expenditure

The Medical Devices Market is anticipated to grow significantly owing to the rise in geriatric population. Fortune Business Insights in a new study, titled “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 analysis of the medical device. According to the study, the segment covered a share of 14.6% in the global market size in the year 2017.

Hefty Budget Allocations and R&D Investments Will Enable Growth at a Rapid Pace

The advancements in medical devices have primarily resulted from the increased budget allocations by governments and related authorities, as well as growing investor attention. An increase in overall investment towards development and distribution of medical devices will constitute an increase in the market size. Companies are investing huge amounts to incorporate advanced technologies, with the aim to stay in sync with the latest medical device market trends. In 2019, Medtronic completed the acquisition of Epix Therapeutics. The company splashed out USD 316 Mn for taking over the company. Epix Therapeutics is a leading medical device manufacturer and Medtronic’s latest acquisition will have a direct impact on the global market, accountable to its massive global customer reach.

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

Continued…

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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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