Global Medical Devices Market Analysis

Global Medical Devices Market Analysis


$ 4000

This report presents a strategic analysis of the Global Medical Devices Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the Global Medical Devices Market, offering unmatched value, accuracy and expert insights.

REPORT ID: IN10GLMD011 CATEGORY: Medical Devices GEOGRAPHY: Global

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Global Medical Devices Market Executive Summary

Due to advances in medical technology, patient care has undergone a drastic transition that is now much more focused on clinical results. For instance, minimally invasive or non-invasive medical technology saves medical expenses while simultaneously speeding up healing times. The expansion of the markets for drug-eluting stents and telemedicine is another indication of the growing trend in medicine to use cutting-edge technology to improve therapeutic results. We monitor key medical Devices markets, including those for orthopaedic, cardiovascular, surgical, therapeutic, mobility assistive, self-diagnostic, and neurostimulator products.

Market Size and Key Findings

The Global Medical Devices Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Global Medical Devices Market Size (In USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

The demand for medical equipment is anticipated to increase due to the introduction of serious illnesses on their own, such as the ongoing coronavirus epidemic. Since the advent of COVID-19 in numerous countries, demand for hospital supplies, in-vitro diagnostic tools, and respiratory care equipment has greatly increased. This need is anticipated to persist in order to combat the pandemic and further reduce the chance that such illnesses would originate and spread. For instance, in 2021, the first three months of 2020 saw sales of COVID-19 test kits valued at $2.2 billion. As a result, the Global demand for medical equipment will be driven by the occurrence of such serious infections during the predicted period.

Market Growth Restraints

Costs associated with the creation of new products and the provision of patient services are projected to rise as a result of regulatory changes. These adjustments are to consumer data protection, such as the General Data Protection Regulation (GDPR) of the European Union, and adjustments to the processes for equipment approval. The US Food and Drug Administration (FDA) has extended the time it takes to complete the 510(k) premarket approval by more than 55% during the past ten years by requesting additional clinical data to back up the safety and efficacy claims of medical equipment like endoscopic instruments. Investments in new product developments are put under pressure due to the possibility of income loss from product release delays and additional costs paid due to strict regulatory processes, which has an impact on the expansion of the market for medical Devices and equipment.

Competitive Landscape

Key Players

The prominent players operating in this market include Medtronic (Ireland), Stryker (USA), Johnson and Johnson Services, Inc. (USA), Fresenius SE & Co. KGaA (Germany), Koninklijke Philips N.V. (Netherlands), F. Hoffman-La Roche Ltd. (Switzerland), General Electric Company (USA), Siemens Healthineers AG (Germany), BD (USA), Boston Scientific Corporation (USA), etc.

1. Report Description of the Global Medical Devices Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Global Medical Devices Market Executive Summary
2.1 Global Medical Devices Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Global Medical Devices Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Global Medical Devices Market Segmentation

4.1 By Device Type
4.1.1 Orthopedic Devices
4.1.2 Cardiovascular Devices
4.1.3 Diagnostic Imaging
4.1.4 IVD
4.1.5 MIS
4.1.6 Wound Management
4.1.7 Diabetes Care
4.1.8 Ophthalmic
4.1.9 Dental
4.1.10 Nephrology
4.1.11 General Surgery
4.1.12 Other

4.2 By End User
4.2.1 Hospitals and ASCs
4.2.2 Clinics
4.2.3 Others

5. Global Medical Devices Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Global
8.2 Regulatory Framework in Global
8.3 Pricing & Reimbursement Scenario in Global Medical Devices Market

9. Factors Driving Future Growth
9.1 New Trends and Development Global Medical Devices Market
9.2 Future Opportunities

10. Strategic Recommendations

Medical Device Market Segmentation

The Medical Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Orthopedic Devices
  • Cardiovascular Devices
  • Diagnostic Imaging
  • IVD
  • MIS
  • Wound Management
  • Diabetes Care
  • Ophthalmic
  • Dental
  • Nephrology
  • General Surgery
  • Others?

By End User (Revenue, USD Billion):

  • Hospitals and ASCs
  • Clinics
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

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