![]() |
Market Research Report
Product code
915472
Opportunities in Global Medical Devices & Diagnostics |
Opportunities in Global Medical Devices & Diagnostics |
Published: October 1, 2019
Life Science Intelligence
Content info: 649 Pages
Delivery time: 1-2 business days
|
All of our reports are available via individual purchase or as part of a subscription to our Medtech Pro platform, which includes a full library of reports.
The Global Medical Device & Diagnostic (MD&D) Market is poised to reach $560B by 2023. Demographics, economic development and new technologies are driving 4.9% growth.
This new 2019 report forecasts a $120 billion increase in the global MD&D market from 2018 through 2023, a promising outlook that includes accelerating gains in selected segments. At a macro level, global uncertainty over economic and political developments has stabilized, facilitating investments. At a market level, pricing constraints and competition from local and regional manufacturers will remain challenges for leading multinational firms; nevertheless, global aging, the rising prevalence of obesity, diabetes and cardiovascular disease, and the need to meet the growing health care demands of economically productive urban classes in middle-income and developing nations will drive demand for services and products. Although new, procedure-intensive technologies will play a large role in these gains, more "basic" segments, such as hearing instruments, dental, ophthalmic surgery and health delivery infrastructure products - which remain vastly underserved in middle - income and emerging economies - will also contribute.
This report has been published annually since 2006 and has become a trusted resource for MD&D companies, investment firms, and other medical product companies seeking to optimize their performance in this challenging industry.