Learn about the global medical equipment market through The Business Research Company, which provides information on medical equipment market size, medical equipment market drivers and restraints, medical equipment market players, the COVID-19 impact on the medical equipment market, and more.

The global medical equipment market size is expected to grow from $574.46 billion in 2021 to $640.25 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The global medical devices market size is expected to grow to $939.98 billion in 2026 at a CAGR of 10.1%.

The rise in sedentary jobs, busy lifestyles, and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes, and cardiovascular diseases. These factors are expected to increase the patient pool globally, thereby driving the market during the forecast period.

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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 used in the diagnosis, treatment, and monitoring of medical conditions.

Global Medical Equipment Market Segments Include:

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

By Type of Expenditure: Public, Private

By Product: Instruments/Equipment, Disposables

By End-User: Hospitals and Clinics, Homecare, Diagnostics Centres, Others

Subsegments Covered: Point-of-Care Diagnostics Devices and Equipment, Immunochemistry Diagnostic Devices and Equipment, Clinical Chemistry Diagnostics Devices and Equipment, Molecular Diagnostics Devices and Equipment, Microbiology Diagnostic Devices and Equipment, Hemostasis Diagnostic Devices and Equipment, Hematology Diagnostic Devices and Equipment, Immunohematology Diagnostic Devices and Equipment, Therapeutic Dental Equipment, General Dental Devices and Equipment, Dental Diagnostic Imaging Devices and Equipment, Dental Surgical Devices and Equipment, Vision Care Devices and Equipment, Cataract Surgery Devices and Equipment, Refractive Surgery Devices and Equipment, Diagnostic and Monitoring Ophthalmic Devices and Equipment, X-Ray Systems Devices and Equipment, Ultrasound Systems Devices and Equipment, Computed Tomography (CT) Scanners Devices and Equipment, Magnetic Resonance Imaging Systems Devices and Equipment, Cardiovascular Monitoring and Diagnostic Devices and Equipment, Nuclear Imaging Devices and Equipment, Cardiovascular Surgery Devices and Equipment, Cardiac Rhythm Management (CRM) Devices and Equipment, Interventional Cardiology Devices and Equipment, Defibrillator Devices and Equipment, Peripheral Vascular Devices and Equipment, Prosthetic Heart Valve Devices and Equipment, Electrophysiology Devices and Equipment, Cardiac Assist Devices and Equipment, Disposable Hospital Supplies, Sterilization Equipment and Disinfectants, Mobility Aids and Transportation Equipment, Operating Room Equipment, Surgical Sutures and Staples, Handheld Surgical Devices and Equipment, Electrosurgical Devices and Equipment, Joint Reconstruction Devices and Equipment, Spinal Surgery Devices and Equipment, Trauma Fixation Devices and Equipment, Orthobiologics Devices and Equipment, Arthroscopy Devices and Equipment, Orthopedic Braces and Support Devices and Equipment, Craniomaxillofacial (CMF) Devices and Equipment, Orthopedic Prosthetics, Orthopedic Accessories, Fetal and Neonatal Monitoring Devices, Weight Monitoring and Body Temperature Monitoring Devices and Equipment, Vital Parameter Monitoring Devices and Equipment, Remote Patient Monitoring Devices and Equipment, Blood Glucose Test Strips, Insulin Pens, Syringes, Pumps and Injectors, Lancing Devices and Equipment, Continuous Glucose Monitoring Devices and Equipment, Blood Glucose Meters, Dialysis Devices and Equipment, Urinary Stone Treatment Devices and Equipment, Urinary Incontinence and Pelvic Organ Prolapse Devices and Equipment, Benign Prostatic Hyperplasia (BPH) Treatment Devices and Equipment, Endoscopy Devices and Equipment, Hearing Aid Devices and Equipment, Hearing Diagnostic Devices and Equipment, ENT Surgical Devices and Equipment, Hearing Implants, Voice Prosthesis Devices and Equipment, Nasal Splints, Respiratory Devices and Equipment (Therapeutic and Diagnostic), Anesthesia Machines, Anesthesia Disposables, Respiratory Disposables, Cerebrospinal Fluid Management (CSF) Devices and Equipment, Interventional Neurology Devices and Equipment, Neurosurgery Devices and Equipment, Neurostimulation Devices, Traditional Adhesive Dressings, Negative-pressure Wound Therapy (NPWT), Traditional Gauze Dressings, Advanced Wound Care Devices

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global medical equipment market in 2021.

Device performance and patient data are available to healthcare service providers and are helping them to improve patient monitoring and overall care quality. Some companies are integrating medical device data with EMR (Electronic Medical Records) to improve transparency and collaboration. As consumer wearables are becoming more common, patient data volumes are increasing and companies are investing in deploying data management, warehousing, and security technologies.

TBRC’s medical equipment market report covers:

Major Market Players: Medtronic Inc., Abbott Laboratories, Johnson & Johnson, Cardinal Health, Inc., Becton Dickinson, Siemens AG, STRYKER CORPORATION, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd., and Boston Scientific Corporation.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Medical Equipment Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides medical equipment market overviews, analyzes and forecasts market size, share, medical equipment market players, medical equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s medical equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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