Medical Devices Market 2019 Global Industry Size, Share, Growth, Trends, Market Demand, Opportunities and Forecast 2025

Global Medical Devices Market by top manufacturers, type and application, with sales market share and growth rate Forecasts till 2025

July 18, 2019 /MarketersMedia/ —

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. The report is 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.” IVD devices help to detect diseases and effectively monitor a person’s health to diagnose diseases and prevent them from occurring.

Browse Complete Report Details@ https://www.fortunebusinessinsights.com/industry-reports/medical-devices-market-100085

These devices efficiently and precisely diagnose diseases such as malaria, diabetes, cancer among others. As per the World Health Organization (WHO), around 47% of people suffered from new infections of HIV/AIDS in the year 2017. This will further increase demand for in-vitro diagnostic devices in the forthcoming years.

The medical devices market is likely to transform owing to significant advancements in neurology, cardiology, medical imaging, oncology, and orthopaedics. Over the past few years, pacemakers have been undergoing new advancements which include implantation techniques, miniaturization, and long battery life. Similarly, neurology sees significant improvements in advanced brain monitoring devices, which contributes to the growth of the market. Driven by these advancements, the global market is expected to rise at a CAGR of 5.3% between 2017 and 2025. In 2027, the global market was valued at US$ 397.5 Bn and is anticipated to reach US$ 602.1 Bn by 2025.

Booming Economic Condition Propels Growth of the Market in Asia Pacific

The market in North America is expected to grow considerably in the forecast years. Furthermore, the market was worth US$ 159.0 Bn in the year 2017. The growth witnessed is ascribable to the higher adoption of novel medical technologies and presence of well-established healthcare infrastructure. Apart from North America, Asia Pacific is likely to witness high growth in the market. The rising aging population leads to rising prevalence of diseases, which in turn, will fuel demand for medical device treatment.

The medical devices market share in Asia Pacific is expected to increase owing to rising disposable income. In addition to this, people are increasingly becoming aware of diseases. This, coupled with improving healthcare facilities, is expected to drive the medical devices market growth by 2025. The economic landscape of healthcare industry has evolved over the years, especially in India. This is expected to create promising opportunities for medical device manufactures.

Get Sample PDF Brochure@ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-devices-market-100085

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.

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.

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

Speak to Analyst@ https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/medical-devices-market-100085

About Us:

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.

Contact Info:
Name: Mr. Ashwin Arora
Email: Send Email
Organization: Fortune Business Insights PVT LTD
Website: https://www.fortunebusinessinsights.com

Source URL: https://marketersmedia.com/medical-devices-market-2019-global-industry-size-share-growth-trends-market-demand-opportunities-and-forecast-2025/88898334

Source: MarketersMedia

Release ID: 88898334

Latest News

China says US has 'weaponized' visas to target exchanges

Jan 26, 2020

BEIJING — China on Wednesday accused the U.S. of having "weaponized" the issuance of visas following the reported inability of a top Chinese space program official to obtain permission to travel to a key conference in Washington. Foreign Ministry spokeswoman Hua Chunying told reporters that the head of the Chinese delegation to the International Astronautical Congress wasn't able to obtain a visa following an Oct. 12 interview, making it difficult for Chinese representatives to attend important events at the meeting. Reports said the vice chairman of the China National Space Administration, Wu Yanhua, had planned to attend the congress. Hua...

Seoul police up security after rally at US envoy residence

Jan 26, 2020

SEOUL, South Korea — South Korean police said Saturday they beefed up security at the U.S. ambassador's residence in Seoul after a group of anti-American students used ladders to break into the compound. They were protesting demands by the Trump administration that South Korea pay more to help cover the costs of keeping U.S. troops in the country. Officials from three Seoul police stations didn't immediately say whether they will seek to formally arrest any of the 19 university students who were detained Friday afternoon at the residence of Ambassador Harry Harris. The Seoul Metropolitan Police agency said Saturday the...

Protests squeezing Hong Kong economy, tourism, leader says

Jan 26, 2020

HONG KONG — Hong Kong's economy is languishing after months of increasingly violent protests, the city's embattled leader Carrie Lam said Tuesday. Lam, addressing reporters after a long weekend of more turmoil, said tourism arrivals were down by half and that hotels and retailers were suffering. Hong Kong's third quarter economic data will definitely be "very bad", said Lam, the semi-autonomous territory's Beijing-backed chief executive said. Lam said she did not have the data with her. But empty streets and tourist attractions are evidence of the fallout from the protests that began in June over a now-shelved extradition bill that...

US priest who gave out gifts in Philippines accused of abuse

Jan 26, 2020

TALUSTUSAN, Philippines — The American priest's voice echoed over the phone line, his sharp Midwestern accent softened over the decades by a gentle Filipino lilt. On the other end, recording the call, was a young man battered by shame but anxious to get the priest to describe exactly what had happened in this little island village. "I should have known better than trying to just have a life," the priest said in the November 2018 call. "Happy days are gone. It's all over." But, the young man later told the Associated Press, those days were happy only for the priest....

In Japan, a court case highlights paternity leave issues

Jan 26, 2020

TOKYO — He sits in an office of a major Japanese sportswear maker but reports to no one. He is assigned odd tasks like translating into English the manual on company rules like policies on vacations and daily hours, though he has minimal foreign language skills. He was sidelined, he says, as retribution for taking paternity leaves after each of his two sons was born. Now he's the plaintiff in one of the first lawsuits in Japan over "pata-hara," or paternity harassment, as it is known here. The first hearing is scheduled for this week. His case is unusual in...