Global medical device market will reach $882.3 billion by 2032, growing by 5.5% annually over 2022-2032 owing to aging population worldwide, the prevalence of infectious diseases as well as the increasing prevalence of chronic diseases, technological innovation, and penetration of healthcare insurance.
Highlighted with 140 tables and 104 figures, this 265-page report "Global Medical Device Market 2022-2032 by Category (Diagnostic, Consumables, Patient Aids, Orthopaedics, Dental, Others), Application (Imaging, IVDs, Cardiology, Orthopedics, Ophthalmics, Respiratory), End User (Hospitals, Clinics, Household), and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global medical device market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Ukraine-Russia conflict. The balanced (most likely) projection is used to quantify global medical device market in every aspect of the classification from perspectives of Category, Application, End User, and Region.
Based on Category, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2022-2032 included in each section.
• Diagnostic Devices
o Electrodiagnostic Devices (further segmented into Ultrasound Systems, Magnetic Resonance Imaging (MRI), Electrocardiographs, Scintigraphic Apparatus, Other Electrodiagnostic Devices)
o Radiation Devices (further segmented into CT Scanners; Other Medical X-ray Apparatus; A, B, C Ray Apparatus)
o Imaging Parts & Accessories (further segmented into Contrast Media, X-ray Tubes, Medical X-ray Film, Other Imaging Parts & Accessories)
• Consumables
o Syringes, Needles & Catheters (further segmented into Syringes (with/without needles), Tubular Metal Needles/Needles for Sutures, Others)
o Bandages & Dressings (further segmented into Adhesive Medical Dressings and Non-adhesive Medical Dressings)
o Suturing Materials
o Other Consumables (further segmented into Surgical Gloves, Ostomy Products, Blood-Grouping Reagents, First-aid Boxes & Kits)
• Patient Aids
o Portable Aids (further segmented into Hearing Aids, Pacemakers, Other Portable Aids)
o Therapeutic Applications (further segmented into Therapeutic Respiration Devices and Mechano-Therapy Devices)
• Orthopaedics and Prosthetics
o Fixation Devices
o Artificial Joints
o Other Artificial Body Parts
• Dental Products
o Dental Instrument & Supplies (further segmented into Dental Instruments, Dental Cements, Teeth & Other Fittings)
o Dental Capital Equipment (further segmented into Dental Drills, Dental Chairs, Dental X-ray)
• Other Medical Device Categories
o Ophthalmic Instruments
o Hospital Furniture
o Wheelchairs
o Medical & Surgical Sterilisers
o Ultra-violet or Infra-red Ray Apparatus
o Other Instruments & Appliances
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2022-2032 included in each section.
• Diagnostic Imaging Devices
• In Vitro Diagnostics (IVDs)
• Cardiology
• Orthopedics
• Ophthalmics
• Respiratory
• Urology & Gynecology
• General and Plastic Surgery
• Endoscopy
• Dental
• Diabetic Care
• Wound Management
• Nephrology
• General Hospital and Healthcare
• Ear, Nose and Throat
• Neurology
• Robotics Navigation
• Other Applications
Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2022-2032 included in each section.
• Hospitals & Surgical Centers
• Clinics
• Household
• Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ bn) are available for 2022-2032. The breakdown of all regional markets by country and split of key national markets by Application and End User over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
3M Co.
Abbott Laboratories
Allergan Inc.
Baxter International Inc.
Bayer
Becton, Dickinson and Co.
Boston Scientific Corp.
Cardinal Health Inc.
Covidien plc
Cryolife Inc.
Danaher
Depuy Synthes
Endologix, Inc.
Essilor International SA
Fresenius Medical Care AG & Co. KGAA
GE Healthcare
Getinge Ab
Johnson & Johnson
Koninklijke Philips NV
Medtronic Inc.
Novartis AG
Olympus Corp.
Roche Diagnostics
Siemens Healthcare
Smith & Nephew PLC
Smiths Medical
St. Jude Medical Inc.
Stryker Corp.
Terumo Corp.
Thermo Fisher Scientific
Zimmer Holdings Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 11
1.1 Industry Definition and Research Scope 11
1.1.1 Industry Definition 11
1.1.2 Research Scope 12
1.2 Research Methodology 15
1.2.1 Overview of Market Research Methodology 15
1.2.2 Market Assumption 16
1.2.3 Secondary Data 16
1.2.4 Primary Data 16
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 27
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 29
2.2 Major Growth Drivers 33
2.3 Market Restraints and Challenges 40
2.4 Emerging Opportunities and Market Trends 43
2.5 Porter's Fiver Forces Analysis 47
3 Segmentation of Global Market by Category 51
3.1 Market Overview by Category 51
3.2 Diagnostic Devices 53
3.2.1 Electrodiagnostic Devices 54
3.2.2 Radiation Devices 55
3.2.3 Imaging Parts & Accessories 56
3.3 Consumables 58
3.3.1 Syringes, Needles & Catheters 59
3.3.2 Bandages & Dressings 60
3.3.3 Suturing Materials 61
3.3.4 Other Consumables 62
3.4 Patient Aids 64
3.4.1 Portable Aids 65
3.4.2 Therapeutic Applications 66
3.5 Orthopaedics and Prosthetics 67
3.5.1 Fixation Devices 68
3.5.2 Artificial Joints 69
3.5.3 Other Artificial Body Parts 70
3.6 Dental Products 71
3.6.1 Dental Instrument & Supplies 72
3.6.2 Dental Capital Equipment 74
3.7 Other Medical Device Categories 75
4 Segmentation of Global Market by Application 77
4.1 Market Overview by Application 77
4.2 Diagnostic Imaging Devices 79
4.3 In Vitro Diagnostics (IVDs) 80
4.4 Cardiology 81
4.5 Orthopedics 82
4.6 Ophthalmics 83
4.7 Respiratory 84
4.8 Urology & Gynecology 85
4.9 General and Plastic Surgery 86
4.10 Endoscopy 87
4.11 Dental 88
4.12 Diabetic Care 89
4.13 Wound Management 90
4.14 Nephrology 91
4.15 General Hospital and Healthcare 92
4.16 Ear, Nose and Throat 93
4.17 Neurology 94
4.18 Robotics Navigation 95
4.19 Other Applications 96
5 Segmentation of Global Market by End User 97
5.1 Market Overview by End User 97
5.2 Hospitals & Surgical Centers 99
5.3 Clinics 100
5.4 Household 101
5.5 Other End Users 102
6 Segmentation of Global Market by Region 103
6.1 Geographic Market Overview 2022-2032 103
6.2 North America Market 2022-2032 by Country 107
6.2.1 Overview of North America Market 107
6.2.2 U.S. 111
6.2.3 Canada 115
6.2.4 Mexico 117
6.3 European Market 2022-2032 by Country 119
6.3.1 Overview of European Market 119
6.3.2 Germany 123
6.3.3 U.K. 125
6.3.4 France 127
6.3.5 Spain 129
6.3.6 Italy 132
6.3.7 Russia 135
6.3.8 Rest of European Market 138
6.4 Asia-Pacific Market 2022-2032 by Country 140
6.4.1 Overview of Asia-Pacific Market 140
6.4.2 Japan 144
6.4.3 China 147
6.4.4 Australia 149
6.4.5 India 152
6.4.6 South Korea 154
6.4.7 Rest of APAC Region 156
6.5 South America Market 2022-2032 by Country 158
6.5.1 Argentina 161
6.5.2 Brazil 163
6.5.3 Chile 165
6.5.4 Rest of South America Market 167
6.6 MEA Market 2022-2032 by Country 168
6.6.1 UAE 171
6.6.2 Saudi Arabia 173
6.6.3 South Africa 176
6.6.4 Other National Markets 178
7 Competitive Landscape 179
7.1 Overview of Key Vendors 179
7.2 New Product Launch, Partnership, Investment, and M&A 183
7.3 Company Profiles 184
3M Co. 184
Abbott Laboratories 186
Allergan plc 191
Baxter International Inc. 192
Bayer 195
B Braun Melsungen Ag 198
Becton, Dickinson and Co. 201
Boston Scientific Corp. 204
Cardinal Health Inc. 207
Covidien plc 210
Cryolife Inc. 211
Danaher 213
Depuy Synthes 216
Endologix, Inc. 218
Essilor Luxottica S.A. 220
Fresenius Kabi Ag 221
General Electric Co. (GE Healthcare) 224
Getinge Ab 227
Johnson & Johnson 229
Koninklijke Philips NV 232
Medtronic Inc. 236
Novartis AG 239
Olympus Corp. 242
Roche Diagnostics 245
Siemens Healthineers 248
Smith & Nephew PLC 250
Smiths Medical 252
St. Jude Medical Inc. 254
Stryker Corp. 255
Terumo Corp. 258
Thermo Fisher Scientific 259
Zimmer Holdings Inc. 262
Related Reports and Products 265
The Medical Precision Grinding Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ...
The Medical Mobile Data Terminal Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Barotrauma Medical Solution Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufac...
The Medical Imaging Simulator Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ...
The Medical Device Injection Molding Solutions Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive lan...
The 3D Medical Animation Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers/...
The Medical Crowdfunding Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers/...
The Dialysis Mobile Medical Vehicle Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, man...
The Medical Waste Delivery Robot Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Medical Record Quality Control System Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscap...