Global Medical Devices Market is Estimated to Reach $410 Billion by 2024, Says Accurize Market Research
Global Medical Devices Market report published by Accurize Market Research forecast that the global market is expected to reach $410 billion by 2024; growing at a CAGR of 5.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing study and development activities, increasing elderly population across the globe and technological advancements in medical devices, growing healthcare expenditure to drive the growth of the market
Increasing research and development activities, increasing elderly population across the globe and technological advancements in medical devices, growing healthcare expenditure fuel the demand for the global medical devices market. Furthermore, growth in healthcare infrastructure, pervasiveness of chronic diseasesalso boosts the growth of the market.
Market Segmentation
The global medical devices market has been bifurcated on the basis of technology and geography. Technology segment is further segmented into imaging devices, magnetic resonance imaging, ultrasound technology market, laser imaging market, interventional radiology market, x-rays, computed tomography, nuclear medicine and positron emission tomography (pet), point-of-care technologies, in vitro diagnostic devices, immunochemistry, point-of-care diagnostic market, molecular diagnostics, cardiovascular device market, cardiovascular disease types, interventional cardiology devices, orthopedic and spinal technologies, urology device market, endoscopy devices, and drug delivery devices. By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Top players in the market
The key players operational in the market includes 3M, Abbott Laboratories, Agilent Technologies, Bayer, Baxter International, Beckton, Dickinson And Co., Boston Scientific, Cardinal Health, Cryolife Inc., Danaher, Drager, DepuySynthes, Endologix Inc., Fresenius, GE Healthcare, Getinge AB, Halyard Health Inc., Hospira, Johnson & Johnson, Medtronic, Novartis, Olympus Corporation, Philips Healthcare, Roche Diagnostics, Shanghai Kinetic Medical Co. Ltd., Siemens Healthcare, Smith & Nephew, Smiths Medical, Stryker Corp., Teleflex, Thermo Fisher Scientific, Toshiba Medical Systems Corp. and Zimmer Inc.among others.
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