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:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
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
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.