Press Release

Medical Devices Market 2019 Global Key Players, Industry Analysis, Potential Growth Latest, Trends

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

The global medical devices market is anticipated to expand on account of the rising demand for in-vitro diagnostic devices (IVD). As per a report by Fortune Business Insights, among types the IVD segment covered 14.6% of the overall medical devices market in 2017.

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Medtronic Plans to Expand its Services to Emerging Countries

Baxter International Inc., DePuy Synthes, Philips Healthcare, Medtronic, Fresenius Medical care, Ethicon LLC., Cardinal Health, Siemens Healthineers, Stryker, GE Healthcare, and BD are some of the leading players functioning in the global medical devices market. The global market is highly fragmented owing to the presence of several regional and global players. Of these, Medtronic is leading and covered the highest share in the year 2017. The company has a strong brand presence and diverse product offerings. The company has been focussing on research and development (R&D) activities since its foundation. These factors help the company to maintain strong foothold in the market. Now, company is planning to expand its product services to Asia Pacific (India, China), Africa, and Latin America.

Key players leading the global market include

  • Baxter International Inc.,
  • DePuy Synthes,
  • Philips Healthcare,
  • Medtronic,
  • Fresenius Medical care,
  • Ethicon LLC.,
  • Cardinal Health,
  • Siemens Healthineers,
  • Stryker,
  • GE Healthcare,
  • BD

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FDA Approves 54 Novel Medical Devices in 2018, Paving Way for the Market’s Growth

“Governments are increasingly offering their support towards investments in medical devices. This is one of the primary factors positively impacting the growth of the market across developing and developed regions,” says a lead analyst at Fortune Business Insights. Moreover, government-back support for the development of new generation medical devices is likely to create a growth space in the market. In 2017, vendors received the U.S. FDA approval for around 54 new medical devices. Enabled by this, the medical devices market revenue is likely to increase in the years to come.

Increasing care to personal healthcare is one of the primary trends in the market. Timely medical diagnosis plays a crucial role in the patient’s life. With the help of medical devices, medical professionals get accurate and precise results, which can help to improve the patient’s quality of life. Rapid changes in technologies and increasing demand for advanced therapies can overcome unmet requirements in healthcare sector.  This will further contribute to the growth of the market.

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Table of Content:

  1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. 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

  1. Global Medical Devices Market Analysis, Insights and Forecast, 2014-2025

5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast – By Type

5.2.1 Orthopedic Devices

5.2.2 Cardiovascular Devices

5.2.3 Diagnostic Imaging

5.2.4 IVD

5.2.5 MIS

5.2.6 Wound Management

5.2.7 Diabetes Care

5.2.8 Ophthalmic Devices

5.2.9 Dental

5.2.10 Nephrology

5.2.11 Others

5.3. Market Analysis, Insights and Forecast – By End-user

5.3.1 Hospitals & Ambulatory Surgical Centers

5.3.2 Clinics

5.3.3 Others

5.4. Market Analysis, Insights and Forecast – By Region

5.4.1 North America

5.4.2 Europe

5.4.3 Asia Pacific

5.4.4 Latin America

5.4.5 Middle East & Africa

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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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