Lucintel anticipates increasing per capita income, availability of medical insurance, and increasing health-related infrastructure to drive growth in the global medical devices market during 2015-2020

Global medical devices market is expected to grow at a CAGR of 4.9% during 2015-2020. The major drivers of this market are increasing per capita income, availability of medical insurance, and increasing health-related infrastructure. Asia Pacific (APAC) is expected to lead the market. Technological advancement, growing population, and increasing health-related infrastructure are anticipated to drive the Asia Pacific market.

Lucintel, a leading global management consulting and market research firm, has analyzed global medical devices market by region and has come up with a comprehensive research report, “Global Medical Device Market 2015-2020: Trend, Profit, and Forecast Analysis”. This report provides an analysis of global medical devices market, including the market trends, growth opportunities, key drivers, and emerging trends in the market. The study also includes the forecast for global medical devices market through 2020 by value ($M) and volume (M lbs) segment breakdown by region and device type as follows:

Global medical devices market segmented by region: 

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

Global medical devices market segmented by device type: 

·         Surgical and Infection Control

·         General Medical Devices

·         Cardiovascular

·         Home Healthcare

·         Other Devices

On the basis of its comprehensive research, Lucintel forecasts that the general medical devices and cardiovascular segments are expected to depict above average growth during the forecast period. Technology innovation in general medical devices is expected to result in cost effectiveness and better performance. Future innovations in medical technology are anticipated to reflect new trends in the cardiovascular medical devices segment. For example: ZOLL Medical's introduced ResQCPR systems which improve the probability of survival in adult patients with non-traumatic cardiac arrest. During the pivotal study called ResQTRIAL, it was found that ResQCPR system increases blood flow to the heart and especially to the brain. Asia Pacific is expected to depict above average growth during the forecast period due to growing elderly population and substantial public and private investments in healthcare infrastructure development.

Johnson & Johnson, Medtronic Plc., Siemens Ltd, General Electric Co., and Baxter International Inc. are some of the major suppliers of the medical devices to various customers of the industry. The industry players are opting for M& A, innovation and expansion for growing their business. Several important emerging trends which have a direct impact on the dynamics of the industry include changing medical technology landscape, software as a differentiator in medical devices, and patient portable and smaller devices design and manufacturing.

This 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 helpdesk@lucintel.com. Lucintel offerings include Medical Market Analysis, Medical Market Research, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.