Medical Devices Market Sales, Share, Trends, Opportunities and Future Growth 2032

Medical Devices Market Size- By Product, By Type of Device, By Type of Expenditure, By EndUser, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Medical Devices Market Size- By Product, By Type of Device, By Type of Expenditure, By EndUser, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Published: Dec 2022 Report ID: MEDE2211 Pages: 1 - 228 Formats*:     
Category : Medical Devices
Global Medical Devices Market Overview:

According to SPER Market Research, the Global Medical Devices Market is estimated to reach USD 901.61 billion by 2032 with a CAGR of 5.72%.

The historical period saw a rise in the market for medical devices as a result of an increase in healthcare facilities, a quick increase in the older population, economic expansion in emerging markets, rapid technological advancements, and rising healthcare costs. Inadequate healthcare awareness and low healthcare reimbursements constrained the industry.Themarket for medical equipment will expand due to the rising frequency of chronic diseases and the unexpected appearance of serious infections. Future obstacles to industry expansion could come from the COVID-19 pandemic, data security problems, and governmental changes.


Impact of COVID-19 on the Global Medical Devices Market:
Other significant reasons boosting the market growth include the expanding number of internet users, more access to online services, and the increased deployment of e-prescriptions in healthcare services in the aftermath of the COVID-19 epidemic. Medical device manufacturers will benefit from COVID-19-related supply chain constraints, particularly those organisations focused on personal protective equipment (PPE), medical equipment for treatment, and a realisation of increased medical device software needs such as tracking, monitoring, and producing data for pandemic-related analysis.As healthcare professionals reduce the number of in-person visits, virtual telehealth services and care are taking over as the norm. Due to the continued dominance of self-quarantine and stay-at-home policies in society, businesses offering virtual services and in-home care have seen enormous volume gains.To stop the spread of COVID-19, there is a greater need for remote patient treatment. 

As a result, more medical technologies are being used to diagnose, treat, and monitor patients without direct human interaction. Among these technologies are wearable medical gadgets, remote patient monitoring equipment, electronic health records (EHR), and uses of artificial intelligence (AI) in human healthcare. These medical technological solutions enable contactless patient monitoring, which is crucial for containing COVID-19, whether the patient is in the hospital or at home. For instance, by keeping track of a patient's EHRs, both doctors and patients can avoid managing the traditional paperwork that must be distributed to numerous people engaged in the treatment and can readily examine the information on their own devices.



Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Product, By Type of Device, By Type of Expenditure, By End User, By Distribution Channel
 Regions coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredARKRAY Healthcare Pvt. Ltd, B. Braun Medical Inc., Baxter Healthcare, Beckman Coulter, Boston Scientific, Canon Medical Systems Corporation, Chart Industries, Covidien Healthcare, Danaher Corporation, Draegerwerk AG, Essilor, Fisher & Paykel Healthcare, Flexicare, Fresenius Medical Care, Fukuda Denshi, General Electric Company, Getinge Group, Hamilton Medical AG, Hitachi Group, Koninklijke Philips N.V., Lepu Medical Technology Company Co., Ltd, Masimo Corporation, Metran Co., Ltd, Nihon Koden Corporation, NIPRO Corporation, Novartis, Olympus Medical Systems Corporation, ResMed, Inc., Roche, Sanko Manufacturing Co.,Ltd, SCHILLER Healthcare, Shandong WeiGao Group Medical Polymer Company Limited, Shanghai Runda Medical Technology Co., Ltd., Shinva Medical Instrument Company Limited, Smiths Medical, St. Jude, Stryker Corporation, SunMed, Teleflex Medical, Terumo Corporation, Themis Bioscience,  Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
Global Medical Devices Market Segmentation:

By Product: Based on the Product, Global Medical Devices Market is segmented as ; Diagnostics and Monitoring Devices (Anaesthesia Monitoring, Blood Glucose Monitors, Blood Pressure Monitors, Breath Analyzer, Cardiovascular Devices, Dental Equipment And Supplies, Diabetes Care Devices, Diagnostic Imaging Equipment, Heart Rate Monitors, Hospital Supplies, Medical Tricorder, Nephrology And Urology Devices, Ophthalmic Devices, Orthopaedic Devices, Pulse Oximeters, Surgical Equipment), Therapeutic Devices (Hearing Aids, Insulin Pumps, Portable Oxygen Concentrators And Ventilators, Others).

By Type of Device: Based on the Type of Device, Global Medical Devices Market is segmented as; Wearable (Bracelet, Clip, Handheld, Strap), Implantable, Stationary, Others.

By Type of Expenditure: Based on the Type of Expenditure, Global Medical Devices Market is segmented as; Public Expenditure and Private Expenditure.
By End User: 
Based on the End User, Global Medical Devices Market is segmented as; Diagnostic Centres, Homecare, Hospitals and Clinics, Sports and Fitness, Others.

By Distribution Channels: Based on the Distribution Channel, Global Medical Devices Market is segmented as; Hypermarkets, Online Channels, Pharmacies, Others.

By Region: North America owns the prime share of this market; the major factors of the market's growth in the region are the increasing incidence of chronic illnesses, the growing amount of medicine prescriptions brought on by the region's rapidly aging population, and the expansion of key market participants in the area.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
 
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.3 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
 
3. Executive Summary
 
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Medical Devices Market 
 
5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis
 
6. Global Medical Devices Market, By Product, 2019-2032 (USD Million)
6.1 Diagnostics and Monitoring Devices
6.1.1 Anaesthesia Monitoring 
6.1.2 Blood Glucose Monitors
6.1.3 Blood Pressure Monitors
6.1.4 Breath Analyzer
6.1.5 Cardiovascular Devices
6.1.6 Dental Equipment And Supplies
6.1.7 Diabetes Care Devices
6.1.8 Diagnostic Imaging Equipment
6.1.9 Heart Rate Monitors
6.1.10 Hospital Supplies
6.1.11 Medical Tricorder
6.1.12 Nephrology And Urology Devices
6.1.13 Ophthalmic Devices
6.1.14 Orthopaedic Devices
6.1.15 Pulse Oximeters
6.1.16 Surgical Equipment
6.2 Therapeutic Devices
6.2.1 Hearing Aids
6.2.2 Insulin Pumps
6.2.3 Portable Oxygen Concentrators And Ventilators
6.2.4 Others

7. Global Medical Devices Market, By Type of Device, 2019-2032 (USD Million)
7.1 Wearable
7.1.1 Bracelet
7.1.2 Clip
7.1.3 Handheld
7.1.4 Strap
7.2 Implantable
7.3 Stationary
7.4 Others

8. Global Medical Devices Market, By Type of Expenditure, 2019-2032 (USD Million)
8.1 Public Expenditure
8.2 Private Expenditure

9. Global Medical Devices Market, By EndUser, 2019-2032 (USD Million)
9.1 Diagnostic Centres
9.2 Homecare
9.3 Hospitals and Clinics
9.4 Sports and Fitness
9.5 Others
 
10. Global Medical Devices Market, By Distribution Channels, 2019-2032 (USD Million)
10.1 Hypermarkets
10.2 Online Channels
10.3 Pharmacies
10.4 Others

11. Global Medical Devices Market, By Region, 2019-2032 (USD Million)
11.1 North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2 Europe
11.2.1. Germany
11.2.2. United Kingdom
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3 Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Australia
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4 South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
11.5 Middle East & Africa
11.5.1. Kingdom of Saudi Arabia 
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa

12.  Company Profiles
12.1. 3M Company.
12.1.1. Company details 
12.1.2. Financial outlook
12.1.3. Product summary 
12.1.4. Recent developments

12.2. Accord Medical Products Private Limited
12.2.1. Company details 
12.2.2. Financial outlook
12.2.3. Product summary 
12.2.4. Recent developments

12.3. Abbott Laboratories
12.3.1. Company details 
12.3.2. Financial outlook
12.3.3. Product summary 
12.3.4. Recentdevelopments

12.4. Agappe Diagnostics Ltd
12.4.1. Company details 
12.4.2. Financial outlook
12.4.3. Product summary 
12.4.4. Recent developments

12.5. ARKRAY Healthcare Pvt. Ltd
12.5.1. Company details 
12.5.2. Financial outlook
12.5.3. Product summary 
12.5.4. Recent developments

12.6. B. Braun Medical Inc.
12.6.1. Company details 
12.6.2. Financial outlook
12.6.3. Product summary 
12.6.4. Recent developments

12.7. Baxter Healthcare
12.7.1. Company details 
12.7.2. Financial outlook
12.7.3. Product summary 
12.7.4. Recent developments

12.8. Beckman Coulter
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments

12.9.  Becton, Dickinson and Company
12.9.1. Company details 
12.9.2. Financial outlook
12.9.3. Product summary 
12.9.4. Recent developments

12.10. Boston Scientific
12.10.1. Company details 
12.10.2. Financial outlook
12.10.3. Product summary 
12.10.4. Recent developments

12.11. Canon Medical Systems Corporation
12.11.1. Company details 
12.11.2. Financial outlook
12.11.3. Product summary 
12.11.4. Recent developments

12.12. Chart Industries
12.12.1. Company details 
12.12.2. Financial outlook
12.12.3. Product summary 
12.12.4. Recent developments

12.13. Covidien Healthcare
12.13.1. Company details 
12.13.2. Financial outlook
12.13.3. Product summary 
12.13.4. Recent developments

12.14. Danaher Corporation
12.14.1. Company details 
12.14.2. Financial outlook
12.14.3. Product summary 
12.14.4. Recent developments

12.15. Draegerwerk AG
12.15.1. Company details 
12.15.2. Financial outlook
12.15.3. Product summary 
12.15.4. Recent developments

12.16. Essilor
12.16.1. Company details 
12.16.2. Financial outlook
12.16.3. Product summary 
12.16.4. Recent developments

12.17. Fisher & Paykel Healthcare
12.17.1. Company details 
12.17.2. Financial outlook
12.17.3. Product summary 
12.17.4. Recent developments

12.18. Flexicare
12.18.1. Company details 
12.18.2. Financial outlook
12.18.3. Product summary 
12.18.4. Recent developments

12.19. Fresenius Medical Care
12.19.1. Company details 
12.19.2. Financial outlook
12.19.3. Product summary 
12.19.4. Recent developments

12.20. Fukuda Denshi
12.20.1. Company details 
12.20.2. Financial outlook
12.20.3. Product summary 
12.20.4. Recent developments

12.21. General Electric Company
12.21.1. Company details 
12.21.2. Financial outlook
12.21.3. Product summary 
12.21.4. Recent developments

12.22. Getinge Group
12.22.1. Company details 
12.22.2. Financial outlook
12.22.3. Product summary 
12.22.4. Recent developments

12.23. Hamilton Medical AG
12.23.1. Company details 
12.23.2. Financial outlook
12.23.3. Product summary 
12.23.4. Recent developments

12.24. Hitachi Group
12.24.1. Company details 
12.24.2. Financial outlook
12.24.3. Product summary 
12.24.4. Recent developments

12.25. Johnson & Johnson
12.25.1. Company details 
12.25.2. Financial outlook
12.25.3. Product summary 
12.25.4. Recent developments

12.26.  Koninklijke Philips N.V.
12.26.1. Company details 
12.26.2. Financial outlook
12.26.3. Product summary 
12.26.4. Recent developments

12.27. Lepu Medical Technology Company Co., Ltd.  
12.27.1. Company details 
12.27.2. Financial outlook
12.27.3. Product summary 
12.27.4. Recent developments

12.28. Masimo Corporation
12.28.1. Company details 
12.28.2. Financial outlook
12.28.3. Product summary 
12.28.4. Recent developments

12.29. Metran Co., Ltd
12.29.1. Company details 
12.29.2. Financial outlook
12.29.3. Product summary 
12.29.4. Recent developments

12.30. Nihon Koden Corporation
12.30.1. Company details 
12.30.2. Financial outlook
12.30.3. Product summary 
12.30.4. Recent developments

12.31. NIPRO Corporation
12.31.1. Company details 
12.31.2. Financial outlook
12.31.3. Product summary 
12.31.4. Recent developments

12.32. Novartis
12.32.1. Company details 
12.32.2. Financial outlook
12.32.3. Product summary 
12.32.4. Recent developments

12.33. Olympus Medical Systems Corporation
12.33.1. Company details 
12.33.2. Financial outlook
12.33.3. Product summary 
12.33.4. Recent developments

12.34. ResMed, Inc
12.34.1. Company details 
12.34.2. Financial outlook
12.34.3. Product summary 
12.34.4. Recent developments

12.35. Roche
12.35.1. Company details 
12.35.2. Financial outlook
12.35.3. Product summary 
12.35.4. Recent developments

12.36. Sanko Manufacturing Co.
12.36.1. Company details 
12.36.2. Financial outlook
12.36.3. Product summary 
12.36.4. Recent developments

12.37. SCHILLER Healthcare
12.37.1. Company details 
12.37.2. Financial outlook
12.37.3. Product summary 
12.37.4. Recent developments

12.38. Shandong WeiGao Group Medical Polymer Company Limited
12.38.1. Company details 
12.38.2. Financial outlook
12.38.3. Product summary 
12.38.4. Recent developments

12.39. Shanghai Runda Medical Technology Co. Ltd
12.39.1. Company details 
12.39.2. Financial outlook
12.39.3. Product summary 
12.39.4. Recent developments

12.40. Shinva Medical Instrument Company Limited
12.40.1. Company details 
12.40.2. Financial outlook
12.40.3. Product summary 
12.40.4. Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The North America and Europe region is anticipated to have the highest market share in the Medical Devices Market.
The Medical Devices Market is projected to reach USD 901.61 billion by 2032, growing at a CAGR of 5.72% during the forecast period.
The Medical Devices Market grew in market size from 2021. The Market is expected to reach USD 901.61 billion by 2032, at a CAGR of 5.72% during the forecast period.
The Medical Devices Market CAGR of 5.72% during the forecast period.
You can get the sample pages by clicking the link - Click Here
The Medical Devices Market size is USD 901.61 billion from 2022 to 2032.
The Medical Devices Market segment is Covered By Product, By Type of Device, By Type of Expenditure, By EndUser, By Distribution Channel.
The market for medical equipment will expand due to the rising frequency of chronic diseases and the unexpected appearance of serious infections. Future obstacles to industry expansion could come from the COVID-19 pandemic, data security problems, and governmental changes.
The key players in the market include Companies Covered ARKRAY Healthcare Pvt. Ltd, B. Braun Medical Inc., Baxter Healthcare, Beckman Coulter, Boston Scientific, Canon Medical Systems Corporation, Chart Industries, Covidien Healthcare, Danaher Corporation, Draegerwerk AG, Essilor, Fisher & Paykel Healthcare, Flexicare, Fresenius Medical Care, Fukuda Denshi, General Electric Company, Getinge Group, Hamilton Medical AG, Hitachi Group, Koninklijke Philips N.V., Lepu Medical Technology Company Co., Ltd, Masimo Corporation, Metran Co., Ltd, Nihon Koden Corporation, NIPRO Corporation, Novartis, Olympus Medical Systems Corporation, ResMed, Inc., Roche, Sanko Manufacturing Co.,Ltd, SCHILLER Healthcare, Shandong WeiGao Group Medical Polymer Company Limited, Shanghai Runda Medical Technology Co., Ltd., Shinva Medical Instrument Company Limited, Smiths Medical, St. Jude, Stryker Corporation, SunMed, Teleflex Medical, Terumo Corporation, Themis Bioscience, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.
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