Market Research Report
Global Medical Devices Market, By Type of Device, By End-User & By Region- Forecast and Analysis 2021-2027
|Global Medical Devices Market, By Type of Device, By End-User & By Region- Forecast and Analysis 2021-2027|
Published: May 30, 2022
SkyQuest Technology Consulting Pvt. Ltd.
Content info: 127 Pages
Delivery time: 1-2 business days
The Global Medical Devices Market was valued at USD 453.21 Billion in 2020, and it is expected to reach a value of USD 557.42 Billion by 2027, at a CAGR of more than 4.75% over the forecast period (2021 - 2027). The rising prevalence of chronic diseases such as diabetes, cancer, and heart disease are driving global demand for various medical devices. This increases demand for medical devices and encourages several companies to introduce cutting-edge technologies in the field. Increasing investment in R&D activity by medical technology companies for the development of new and advanced medical devices, as well as fast and easy approval for those devices by regulatory authorities, are expected to drive market growth for medical devices in the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the global medical devices market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Aspects covered in this report:
The Global Medical Devices Market is segmented based on type of device and end-use. Based on type the market is segmented into Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, MIS, Wound Management, Diabetes Care, Ophthalmic, Dental, Nephrology, General Surgery, Other. Based on End-use the market is segmented hospitals, clinics and others. Based on region it is categorized into: North America, Europe, Asia-Pacific, Latin America, and MEA.