Medical Devices Market Inclinations & Development Status Highlighted During Forecast Period 2018-2025

Press Release

Global Medical Devices Market was valued at USD 510 Billion in the year 2017. Global Medical Devices Market is further estimated to grow at a CAGR of 5.3 % from 2019 to reach USD 766.27 Billion by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population.

Request To Download Free Sample of This Strategic Report:

Major market players in Medical Devices Market are Medtronic plc, Johnson & Johnson, Cardinal Health Inc., Stryker Corp., General Electric Company, Becton Dickinson and Company, Koninklijke Philips N.V., Siemens AG, Boston Scientific Corp., GE Healthcare, and brief overview of 10 companies is also provided. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

SWOT analysis of Medical Devices Market:
Increasing number of aging population
Growing incidence of chronic conditions
High cost for medical devices
Advancement in technology
Growth in research funding
Inadequate regulatory compliance

The Global Medical Devices Market is segmented as By Application, Function, and Region. The Application Type is segmented surgical and Infection Control Devices, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices and other Devices in which the orthopedic devices segment contributes to the highest Market share due to rising trend of knee replacement surgeries especially by older people.

Medical Devices Market Segmentation:
By Function
• Diagnostic and Monitoring
• Therapeutic
• Surgical
• Other

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

By Region
• North America
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa

Request To Download Free Sample of This Strategic Report:

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research
Email: [email protected]
Phone: +1 313 462 0609

Medical Devices Industry share, Medical Devices Industry analysis, Medical Devices Industry Forecast, Medical Devices Industry Trend, Medical Devices Industry Prediction, Medical Devices Industry Demand, Medical Devices Industry Size,  Medical Devices Industry Status, Medical Devices Industry Growth, Medical Devices Industry Development, Medical Devices Industry Report

Related Trending Report

Carbon Nanotubes Market
Nanocoatings Market
Biodegradable Polymers Market
Bio-based Polyethylene Terephthalate (PET) Market
Water Treatment Chemicals Market
Smart Pills Market
Hydrogel Market
Advanced Energy Storage Systems Market

This post was originally published on Business Analytics