Global Medical Devices Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

“Global Medical Devices Market Report And Forecast 2021-2026”

Global Medical Devices Market To Be Driven By The Increasing Healthcare Expenditure In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Medical Devices Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global medical devices market, assessing the market based on its segments like types, functions, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 410 Billion
• Forecast CAGR (2020-2025): 5.2%
• Forecast Market size (2025): USD 556 Billion

The growing patient populations suffering from different diseases, increasing incidences of injuries, and growing research and development activities in the healthcare industry to produce technologically advanced medical devices are the key factors driving the growth of the market. Moreover, the demand for medical devices is fuelled by the growing prevalence of cardiac disorders and the increasing geriatric population with various health problems. Continued technological innovations are also one of the main factors driving the market development. The market for oxygen concentrators, insulin pumps, and image-guided therapy systems, among other healthcare products, has increased the preference for compact and less invasive medical technology, which is further bolstering the market growth.

Industry Definition and Major Segments

Medical devices can be used for surgical operations, home healthcare, and in hospitals. A medical device is an instrument, device, implant, in vitro reagent, or related device that may be utilised for the diagnosis, prevention, or treatment of an illness within the body. It can be as easy as a medical thermometer, a tongue depressor, or protective gloves. It can also be as complex as a machine that can aid in medical research or an implant such as a stent or a prosthesis

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On the basis of type, the industry is divided into:

• Orthopaedic Devices
• Cardiovascular Devices
• Diagnostic Imaging
• IVD
• MIS
• Wound Care
• Diabetes Care
• Ophthalmic Devices
• Oral Care
• Nephrology
• Others

On the basis of function, the industry is divided into:

• Diagnostic and Monitoring
• Therapeutic
• Surgical
• Other Devices

On the basis of end use, the industry is divided into:

• Homecare Devices
• Hospital and Ambulatory Centres

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.