Medical Equipment

Global Medical Devices Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

October 27, 2021December 6, 2021 by The Business Research Company

The Global Medical Devices Market Report by The Business Research Company covers medical devices market drivers and restraints, medical devices market size, major players, and the impact of COVID-19 on the medical devices market.

The medical devices market consists of sales of medical equipment or devices and related services by entities (organizations, sole traders and partnerships) that manufacture medical equipment or devices which are used in the diagnosis, treatment and monitoring of medical conditions. The medical device industry includes establishments that manufacture medical equipment or devices such as in-vitro diagnostic devices, diagnostic imaging equipment, dental equipment and supplies, ophthalmic devices, cardiovascular devices, hospital supplies and other medical devices.

The global medical devices market reached a value of nearly $456.8 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. The market is expected to grow from $456.8 billion in 2020 to $62.0 billion in 2025 at a rate of 7.7%. The medical devices market is then expected to grow at a CAGR of 5.5% from 2025 and reach $863.2.4 billion in 2030.

The spontaneous emergence of severe infections such as the on-going Coronavirus pandemic is expected to drive the demand for medical devices globally. The demand for hospital supplies, in-vitro diagnostic devices and the respiratory care devices has significantly increased since the emergence of COVID-19 across various countries. This demand is expected to continue for combating the pandemic and to furthermore avoid the risk of emergence and spread of such infections. For instance, in 2021, the sales of the COVID-19 tests kits valued $2.2 billion in the first 3 months in 2020. Therefore, the emergence of such severe infections in the forecast period will drive the demand of medical devices globally.

Request A Sample For The Global Medical Devices Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2354&type=smp

Some medical devices market trends include expansion of medical technologies. In the wake of the coronavirus pandemic, medical technologies such as wearables are becoming commonplace. Some other technologies are the applications of artificial intelligence (AI) in the care of people, wearable medical equipment, remote patient monitoring devices, electronic health records (EHR), etc. Moreover, companies in the medical equipment market are repurposing their production lines to manufacture medical supplies which are in high demand to combat the coronavirus, such as hand sanitizers, face masks, personal protective equipment (PPE), ventilators, etc.

Global medical devices market segments include:

1) By Type Of Device: In-Vitro Diagnostics, Dental Equipment, Ophthalmic Devices, Diagnostic Equipment, Hospital Supplies, Cardiovascular Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Diabetes Care Devices, Nephrology And Urology Devices, ENT Devices, Anesthesia And Respiratory Devices, Neurology Devices, Wound Care Devices

2) By Type Of Expenditure: Public, Private

3) By End User: Hospitals And Clinics, Homecare, Diagnostics Centers

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Medical Devices Opportunities And Strategies: Forecast To 2030:

https://www.thebusinessresearchcompany.com/report/medical-devices-market

The Medical Devices Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides medical devices market overviews, analyzes and forecasts market size, share, medical devices market players, medical devices market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The medical devices identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Medical Devices Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Medtronic Plc, Johnson & Johnson, Abbott Laboratories, Becton, Dickinson and Company, Siemens Healthineers AG

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Medical Devices Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Medical Devices Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at www.thebusinessresearchcompany.com

Here is a list of reports from The Business Research Company similar to the Medical Devices Opportunities And Strategies: Forecast To 2030:

3D Printed Medical Devices Global Market Report 2021

X-Ray Devices Market

Wearable Medical Devices Global Market Report 2021

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Check out our Blog: https://blog.tbrc.info/