According to the recent study the medical device market is projected to reach an estimated $519 billion by 2030 from $374 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by critical role in the diagnosis, treatment, and monitoring of various medical conditions, enabling healthcare professionals to improve patient outcomes and enhance the quality of care. This report provides a comprehensive analysis of the medical device market, including market share insights, size estimations, and a detailed market analysis.
Browse 73 figures/charts
and 52 tables in this 202-page report to understand trends, opportunities and
forecast in medical device market by application (surgical and infection
control devices, general medical devices, cardiovascular devices, orthopedic
devices, home healthcare devices, and other devices), by function (diagnostic
and monitoring, therapeutic, surgical and other devices), by end use (homecare
medical device and hospital and ambulatory care medical device), and by region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
cardiovascular device will remain the largest segment over the forecast period
due to increasing global geriatric population, inactive lifestyle, and poor
eating habits.
Within the global
medical device market, diagnostic and monitoring, therapeutic, and surgical are
the major function segments. Surgical device will remain the largest segment
over the forecast period due to increasing number of surgical procedures,
growing aging population, and increase in incidence of several chronic
diseases.
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medical device market
North America will
remain the largest region during the forecast period mainly due to a large
target patient pool coupled with a high adoption rates for advanced treatments
in this region. Asia Pacific is expected
to witness the highest growth over the forecast period due to growing health
awareness, increasing per capita income, and improving healthcare
infrastructure.
Medtronic, Johnson &
Johnson, GE Healthcare, Siemens, and Cardinal Health are the major suppliers in
the medical device market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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