DUBLIN--(BUSINESS WIRE)--The "Global Medical Devices Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
Global Medical Devices Market attained a value of USD 462 billion in 2020. Aided by the technological advancements in the healthcare sector, the market is projected to further grow at a CAGR of 6.1% between 2021 and 2026 to reach a value of USD 661 billion by 2026.
A medical device is defined as an instrument, apparatus, machine, implant or contrivance which can be used for medical purposes. They do not use chemical or metabolic actions for the treatment and diagnosis but rely on structural, physical, and mechanical actions.
Medical devices help healthcare providers diagnose and treat patients to overcome sickness or disease, improving their standards of living. Popular examples of medical devices include ultrasound and MRI machines, PET and CT scanners, and X-ray machines, among others. The medical devices find applications in orthopaedics, cardiovascular, ophthalmic, dental, and wound care, among others.
The medical devices market is being driven by the rapid digitalisation in the healthcare industry, in order to augment the standards of living among the population, by bolstering the diagnosis and accelerate the treatment processes. The market has been aided by the significant increase in the geriatric population which requires efficient monitoring and quick diagnosis, especially in cases related to heart or lungs.
Over the forecast period, the technological advancements in the healthcare industry in the emerging economies are likely to augment the market growth. The emergence of 3D printing in the healthcare has considerably revolutionised the medical devices industry. The technological advancements in the medical devices enable the creation of personalised devices for patients.
In terms of region, North America occupies a significant share in the market and is anticipated to attain a considerable growth in the forecast period, owing to the rising prevalence of chronic illnesses, along with significant increase in the geriatric population in the region. The market is likely to be aided by the increasing number of skilled healthcare professionals in the United States of America and Canada, who have a better understanding of medical devices.
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
- Medtronic Plc
- Johnson & Johnson Services, Inc.
- Siemens Healthineers AG
- GE Healthcare
- Philips Healthcare
- F. Hoffmann-La Roche Ltd
- Boston Scientific Corporation
Key Topics Covered:
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Medical Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Medical Devices Historical Market (2016-2020)
8.3 Global Medical Devices Market Forecast (2021-2026)
8.4 Global Medical Devices Market by Medical Machine
8.5 Global Medical Devices Market by Medical Instruments
8.6 Global Medical Devices Market by Application
8.7 Global Medical Devices Market by Function
8.8 Global Medical Devices Market by End Use
8.9 Global Medical Devices Market by Region
9 Regional Analysis
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter's Five Forces Analysis
10.3 EMR's Key Indicators for Demand
10.4 EMR's Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
13 Industry Events and Developments
For more information about this report visit https://www.researchandmarkets.com/r/wfun35
