Global Medical Devices Market is growing with factors such as rising technological advancement for developing medical devices. Growing prevalence of respiratory diseases also acts as a major factor for the growth of the market. Increasing number of geriatric population has also given a boom to the global medical devices market.
Rising healthcare expenditure has propelled the demand of the market. However, limitations associated with medical devices anticipated to hamper the demand of the market.
Global Medical Devices Market Scenario
According to Data Bridge Market Research, the market for global medical devices in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is GE Healthcare which accounts an estimated market share of approximately 19.52% in the global market. The company has gained outstanding sale by providing wide range of medical devices market product.
- In April 2020, GE Healthcare informing hospitals around the world for the usage of anaesthesia machines as an alternative of ventilators. It is estimated that this strategy anticipated enhancing the sales growth of anaesthesia machines in the forecasted period. As well as it will upsurge the revenue growth in the coming years.
Trends Impacting the Market
Now the question is which other regions GE Healthcare, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA are targeting? Data Bridge Market Research has forecasted a large growth in North America medical devices market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2021.
The global medical devices market is becoming more competitive with companies such as GE Healthcare, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA. These are the top dominating companies in medical devices market and are launching more new things in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global medical devices market.
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New Market Developments
- In April 2020, Koninklijke Philips N.V. introduced new Philips Respironics E30 ventilator to help free up ICU units in wake of COVID-19. This introduction of product predicted to upsurge the company footprints in global market.
- In May 2020, Drägerwerk Ag & Co. KGAA launched Evita V600 and V800, and Babylog VN600 and VN800 are Dräger's for the intensive care ventilation of adults to premature babies. The main focus of the company to provide clearer and better user guidance. This product launch helped the company to gain more recognition in the market.
Scope of the Global Medical Devices Market
Global medical devices market is segmented on the basis of countries into U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
- All country based analysis of the global medical devices market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the medical devices market is segmented into ventilator, spirometers, oxygen concentrators, anesthesia machines and CPAP/BIPAP. On the basis of mode, the medical devices market is segmented into portable, tabletop, standalone. On the basis of application, the medical devices market is segmented into diagnostic and therapeutic. On the basis of facility, the medical devices market is segmented into large, small and medium. On the basis of end user, the medical devices market is segmented into hospital, ambulatory surgical centres, specialty clinics, long term care centres, rehabilitation centres and homecare settings. On the basis of distribution channel, the medical devices market is segmented into direct sales and third party distributor.
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Key Pointers Covered in Global Medical Devices Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of medical devices market
- Company profiling of top eight players of medical devices market
Key Market Competitors Covered in the Report
- GE Healthcare
- Koninklijke Philips N.V.
- Medtronic
- Drägerwerk AG & Co. KGaA
- VYAIRE
- Getinge AB
- Smiths Medical Inc. (A part of Smiths Group plc.)
- NDD Medical Technologies
- ResMed
- Invacare Corporation
- NIDEK MEDICAL
- O2 CONCEPTS, LLC
- Teijin Limited
- GCE Healthcare
- Inogen, Inc.
- Teleflex Incorporated
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- MGC Diagnostics Corporation
- HILL-ROM, Drive DeVilbiss Healthcare Inc.
- Midmark Corporation
- CAIRE Inc.
- GCE Group
- Fisher & Paykel Healthcare Limited
- Schiller
Above are the key players covered in the report, to know about more and exhaustive list of medical devices companies’, contact us: https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-devices-market
Research Methodology: Global Medical Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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