Overview

Medical Devices Market is estimated to value over USD 600 billion by 2027 end with a CAGR of over 5% during the forecast period 2020 to 2027.

The increasing geriatric population coupled with the rise in the number of instances of large-scale epidemics, growth in the number of chronic diseases are some of the significant reasons responsible for such an accelerated growth of the market. Moreover, the increase in the overall research and development in the field of medical device manufacturing and with governmental regulations supporting these researches, this market is likely to showcase remarkable growth over the forecast period.

The in-vitro diagnostic devices account for the largest share of the market owing to its usage for diagnosing diseases such as malaria, diabetes, sexually transmitted diseases (STDs), HIV AIDS and cancer.

The North America region is predicted to dominate the market over the forecast period owing to the availability of advanced infrastructure for healthcare coupled with a faster adoption of novel medical technologies.   

FutureWise Market Research has instantiated a report that provides an intricate analysis of Medical Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Medical Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Major players included in the Medical Devices Market:

  • Medtronic Public Limited Company
  • Johnson & Johnson
  • Cardinal Health Inc.
  • Stryker Corporation
  • General Electric Company
  • Becton Dickinson and Company
  • Koninklijke Philips N.V.
  • Siemens AG 

(Note: The list of the major players will be updated with the latest market scenario and trends)

Medical Devices Market
Medical Devices Market Segmentation:

By Function

  • Diagnostic and Monitoring
  • Therapeutic
  • Surgical
  • Other Devices

By Application

  • Surgical and Infection Control Devices
  • General Medical Devices
  • Cardiovascular Devices
  • Orthopedic Devices
  • Home Healthcare Devices
  • Other Devices

By End Use

  • Homecare Medical Device
  • Hospital and Ambulatory Care Medical Device

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape:

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

Objectives of the Study:

  • To provide with an exhaustive analysis on the Medical Devices Market By Function, By Application, By End Use and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics