Medical Devices Market to Grow at a CAGR of 6.1% to reach US$ 767,684.9 Million from 2020 to 2027

Medical Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (In Vitro Diagnostics (IVD), Surgical Device, General Medical Devices, Cardiovascular Devices, Orthopedic, Infection Control Devices, Ophthalmology, Endoscopy, Neurology, Others), Function (Diagnostic and Monitoring, Therapeutics, Surgical, Others), End User (Homecare Medical Devices, Hospital Medical Devices, Ambulatory Care Medical Devices, Others), and Geography

Publication Month: Jul 2020 | Report Code: TIPRE00011855 | No. of Pages: 202 | Category: Medical Device | Status: Published
Covid

The medical devices market is expected to reach US$ 767,684.9 million by 2027 from US$ 483,285.8 million in 2019. The market is estimated to grow with a CAGR of 6.1% from 2020 to 2027.

A medical device can be a machine, instrument, apparatus, or an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and others. These medical devices are categorized into four classes, such as I, IIa, IIb, and III. The categories of the medical devices are based on the Food and Drug Administration and CE marking. The organizations have categorized class I as low-risk medical devices and class III as high-risk medical devices. The global medical devices market is driven by factors such as growing medical device industry and rising prevalence of chronic diseases. However, the challenges in medical device industry like low reimbursement limit and expensive product approval process may hinder the market growth. Additionally, rising government support on medical technologies are creating growth opportunities for the market players.

 

Lucrative Regional Markets for Medical Devices

Lucrative Regional Markets for Medical Devices

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Market Insights

Rising Chronic Disease Prevalence

Rising prevalence of chronic diseases, such as cardiovascular diseases (CVDs), cancer, diabetes, stroke, and kidney diseases, increases the demand for medical devices for diagnosis and treatment purposes. As per the WHO, CVDs are the leading cause of mortality and result in the deaths of ~17.9 million people every year across the world. Additionally, the increasing prevalence of diabetes shoots up the demand for medical devices such as insulin pumps, glucose monitoring devices, insulin pens, and wearable injectors. As per the International Diabetes Federation’s Diabetes Atlas Ninth edition 2019, about 463 million adults (aged 20–79 years) had diabetes in 2019, and the number is expected to reach 700 million by 2045.

 

Cancer diagnosis requires medical devices such as computerized tomography (CT), magnetic resonance imaging (MRI), bone scanner, positron emission tomography (PET) scanner, ultrasound, and X-ray. Thus, the growing prevalence of cancer increases the demand for cancer diagnostic devices. As per the WHO, cancer is the second leading cause of death across the globe and was responsible for 9.6 million deaths in 2018.

Rising prevalence of chronic kidney diseases increases the demand for dialysis. As per the National Institute of Diabetes and Digestive and Kidney Diseases, in 2016, over 661,000 Americans had kidney failure, of these, 468,000 individuals were on dialysis.

 

Product Type - Based Insights

Based on product type, the medical devices market is segmented into surgical devices, infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, neurology, endoscopy, ophthalmology, and others. The in vitro diagnostics (IVD) segment held the largest share of the market in 2019. The growth of the market for this segment is attributed to the increasing prevalence of chronic diseases and technological developments by the market players for early diagnosis of diseases, which is likely to drive the growth of the market. However, neurology devices is estimated to register the highest CAGR in the market during the forecast period.

 

Global Medical Devices Market, by Product Type – 2018 and 2027

Global Medical Devices Market, by Product Type – 2018 and 2027

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Function - Based Insights

Based on function, the medical devices market is segmented into diagnostic and monitoring, therapeutics, surgical, and others. The diagnostic and monitoring segment held the largest share of the market in 2019. However, the surgical segment is estimated to register the highest CAGR in the market during the forecast period.

 

End User - Based Insights

Based on end user, the medical devices market is segmented into hospitals, homecare, ambulatory surgical centers, and others. The hospital segment held the largest share of the market in 2019 and the same segment is estimated to register the highest CAGR in the market during the forecast period.

 

Strategic Insights

Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios; these strategies help them meet the growing consumer demand. Collaboration is one of the major strategies adopted by the medical devices market players to enlarge customer base worldwide, which also permits them to maintain their brand name globally.

 

Global Medical Devices Market– By Product Type

  • Surgical Devices
    • Electrosurgical Generators
    • Ultrasonic Surgical Generators
    • Minimally Invasive Surgery Devices
    • Other Surgical Devices
  • Infection Control Devices
  • General Medical Devices
  • Cardiovascular Devices
  • Orthopaedic Devices
  • In Vitro Diagnostics (IVD)
  • Endoscopy
  • Neurology
  • Ophthalmology
  • Others

Global Medical Devices Market – By Function

 

  • Diagnostic and Monitoring
  • Therapeutics
  • Surgical
  • Others

Global Medical Devices Market – By End User

 

  • Homecare Medical Devices
  • Hospital Medical Devices
  • Ambulatory Care Medical Devices
  • Others

 

Medical Devices Market – By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South America

 

Company Profiles

  • Medtronic
  • Abbott
  • Boston Scientific Corporation
  • Braun Melsungen AG
  • 3M
  • General Electric Company
  • Stryker Corporation
  • Koninklijke Philips N.V.
  • Siemens AG
  • Johnson and Johnson Services, Inc.

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Medical Devices Market – By Product Type

1.3.2        Medical Devices Market – By Function

1.3.3        Medical Devices Market – By End User

1.3.4        Global Medical Devices Market – By Geography

2.             Medical Devices Market – Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Medical Devices Market – Market Landscape

4.1       Overview

4.2       PEST Analysis

4.2.1        North America – PEST Analysis

4.2.2        Europe – PEST Analysis

4.2.3        Asia Pacific– PEST Analysis

4.2.4        Middle East and Africa – PEST Analysis

4.2.5        South and Central America

4.3       Expert Opinion

5.             Medical Devices Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Growing Medical Device Industry

5.1.2        Rising Chronic Disease Prevalence

5.2       Market Restraints

5.2.1        Challenges in Medical Device Industry

5.3       Market Opportunities

5.3.1        Rising Government Support on Medical Technologies

5.4       Future Trends

5.4.1        Smart Medical Devices Revolutionising Medical Device Industry

5.5       Impact Analysis

6.             Medical Devices Market – Global Analysis

6.1       Global Medical Devices Market Revenue Forecast And Analysis

6.2       Global Medical Devices Market, By Geography - Forecast And Analysis

6.3       Market Positioning of Key Players

7.             Medical Device Market Analysis – By Product Type

7.1       Overview

7.2       Medical Devices Market Share, by Product Type, 2019 and 2027 (%)

7.3       Surgical Devices

7.3.1        Overview

7.3.2        Surgical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.3.3        Electrosurgical Generators

7.3.4        Overview

7.3.5        Electrosurgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.3.6        Ultrasonic Surgical Generators

7.3.7        Overview

7.3.8        Ultrasonic Surgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.3.9        Minimally Invasive Surgery Instruments

7.3.10     Overview

7.3.11     Minimally Invasive Surgery Instruments: Medical Devices Market– Revenue and Forecast to 2027  (US$ Million)

7.3.12     Others

7.3.13     Overview

7.3.14     Others: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.4       Infection Control Devices

7.4.1        Overview

7.4.2        Infection Control Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.5       General Medical Devices

7.5.1        Overview

7.5.2        General Medical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.6       Cardiovascular Devices

7.6.1        Overview

7.6.2        Cardiovascular Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

7.7       Neurological Devices

7.7.1        Overview

7.7.2        Neurological Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.8       Ophthalmology Devices

7.8.1        Overview

7.8.2        Ophthalmology Devices: Medical Devices Market – Revenue and Forecast to 2027  (US$ Million)

7.9       Orthopedic Devices

7.9.1        Overview

7.9.2        Orthopedic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.10    Invitro Diagnostic Devices

7.10.1     Overview

7.10.2     Invitro Diagnostic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.11    Endoscopy Devices

7.11.1     Overview

7.11.2     Endoscopy Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.12    Others

7.12.1     Overview

7.12.2     Others: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

8.             Medical Devices Market– By Function

8.1       Overview

8.2       Medical Devices Market Share, by Function, 2019 and 2027 (%)

8.3       Diagnostic and Monitoring

8.3.1        Overview

8.3.2        Diagnostic and Monitoring: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

8.4       Therapeutics

8.4.1        Overview

8.4.2        Therapeutics: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

8.5       Surgical

8.5.1        Overview

8.5.2        Surgical: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

8.6       Others

8.6.1        Overview

8.6.2        Others: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

9.             Medical Device Market Analysis – By End User

9.1       Overview

9.2       Medical Device Market Share, by End User, 2019 and 2027, (%)

9.3       Hospitals

9.3.1        Overview

9.3.2        Hospitals: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

9.4       Homecare

9.4.1        Overview

9.4.2        Homecare: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

9.5       Ambulatory Care

9.5.1        Overview

9.5.2        Ambulatory Care: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

9.6       Others

9.6.1        Overview

9.6.2        Others: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

10.          Medical Devices Market – Geographic Analysis

10.1    North America: Medical Devices Market

10.1.1     Overview

10.1.2     North America: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.3     North America: Medical Devices Market, by Product Type, 2018–2027 (USD Million)

10.1.3.1    North America: Medical Devices Market, by Surgical Devices, 2018–2027 (USD Million)

10.1.4     North America: Medical Devices Market, by Function, 2018–2027 (USD Million)

10.1.5     North America: Medical Devices Market, by End User, 2018–2027 (USD Million)

10.1.6     North America: Medical Devices Market, by Country, 2019& 2027 (%)

10.1.6.1    US: MEDICAL Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.1.1    US: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.1.2    US: Medical Devices Market, by Product Type, 2018–2027 (USD Million)

10.1.6.1.2.1        US: Medical Devices Market, by Surgical Device, 2018–2027 (USD Million)

10.1.6.1.3    US: Medical Devices Market, by Function, 2018–2027 (USD Million)

10.1.6.1.4    US: Medical Devices Market, by End User , 2018–2027 (USD Million)

10.1.6.2    Canada: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.2.1    Canada: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.2.2    Canada: Medical Devices Market, by Product Type, 2018–2027 (USD Million)

10.1.6.2.2.1        Canada: Medical Devices Market, by Surgical Device, 2018–2027 (USD Million)

10.1.6.2.3    Canada: Medical Devices Market, by Function, 2018–2027 (USD Million)

10.1.6.2.4    Canada: Medical Devices Market, by End User , 2018–2027 (USD Million)

10.1.6.3    Mexico: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.3.1    Mexico: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.4    Mexico Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.1.6.4.1    Mexico Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.1.6.5    Mexico Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.1.6.6    Mexico Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.2    Europe: Medical Devices Market

10.2.1     Overview

10.2.2     Europe: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.3     Europe: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.2.3.1    Europe: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.2.4     Europe: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.2.5     Europe: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.2.6     Europe: Medical Devices Market, by Country, 2019 & 2027 (%)

10.2.7     Germany: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.7.1    Germany: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.7.2    Germany: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.2.7.2.1    Germany: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.2.7.3    Germany: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.2.7.4    Germany: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.2.8     France: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.8.1    France: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.8.2    France: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.2.8.2.1    France: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.2.8.3    France: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.2.8.4    France: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.2.9     UK: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.9.1    UK: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.9.2    UK: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.2.9.2.1    UK: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.2.9.3    UK: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.2.9.4    UK: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.2.10   Italy: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.10.1 Italy: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.10.2 Italy: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.2.10.2.1 Italy: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.2.10.3 Italy: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.2.10.4 Italy: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.2.11   Spain: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.11.1 Spain: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.2.11.2 Spain: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.2.11.2.1 Spain: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.2.11.3 Spain: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.2.11.4 Spain: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.3    Asia Pacific: Medical Devices Market

10.3.1     Overview

10.3.2     Asia Pacific: Medical Devices Market - Revenue and Forecast to 2027 (USD Million)

10.3.3     Asia Pacific: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.3.3.1    Asia Pacific: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.3.4     Asia Pacific: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.3.5     Asia Pacific: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.3.6     Asia Pacific: Medical Devices Market, by Country, 2019 & 2027 (%)

10.3.7     China: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.7.1    China: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.7.2    China: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.3.7.2.1    China: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.3.7.3    China: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.3.7.4    China: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.3.8     Japan: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.8.1    Japan: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.8.2    Japan: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.3.8.2.1    Japan: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.3.8.3    Japan: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.3.8.4    Japan: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.3.9     India: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.9.1    India: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.9.2    India: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.3.9.2.1    India: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.3.9.3    India: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.3.9.4    India: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.3.10   South Korea: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.10.1 South Korea: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.10.2 South Korea: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.3.10.2.1 South Korea: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.3.10.3 South Korea: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.3.10.4 South Korea: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.3.11   Australia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.11.1 Australia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.3.11.2 Australia: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.3.11.2.1 Australia: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

10.3.11.3 Australia: Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

10.3.11.4 Australia: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

10.4    Middle East & Africa: Medical Devices Market

10.4.1     Overview

10.4.2     Middle East & Africa: Medical Devices Market - Revenue and Forecast to 2027 (US$ Million)

10.4.3     Middle East & Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027  (USD Million)

10.4.3.1    Middle East & Africa Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.4.4     Middle East & Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.4.5     Middle East & Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.4.6     Middle East & Africa: Medical Devices Market, by Country, 2019 & 2027 (%)

10.4.6.1    Saudi Arabia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.4.6.1.1    Saudi Arabia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.4.6.2    Saudi Arabia Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.4.6.2.1    Saudi Arabia Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.4.6.3    Saudi Arabia Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.4.6.4    Saudi Arabia Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.4.6.5    UAE: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.4.6.5.1    UAE: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.4.6.6    UAE Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.4.6.6.1    UAE Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.4.6.7    UAE Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.4.6.8    UAE Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.4.6.9    South Africa: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.4.6.9.1    South Africa: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.4.6.10 South Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.4.6.10.1 South Africa Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.4.6.11 South Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.4.6.12 South Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.5    South and Central America: Medical Devices Market

10.5.1     Overview

10.5.2     South and Central America: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.5.3     South and Central America Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.5.3.1    South and Central America Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027  (USD Million)

10.5.4     South and Central America Medical Devices Market, by Function – Revenue and Forecast to 2027  (USD Million)

10.5.5     South and Central America Medical Devices Market, by End User – Revenue and Forecast to 2027  (USD Million)

10.5.6     South and Central America: Medical Devices Market, by Country, 2019 & 2027 (%)

10.5.6.1    Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.5.6.1.1    Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.5.6.2    Brazil Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.5.6.2.1    Brazil Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.5.6.3    Brazil Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.5.6.4    Brazil Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

10.5.6.5    Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.5.6.5.1    Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

10.5.6.6    Argentina Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

10.5.6.6.1    Argentina Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

10.5.6.7    Argentina Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

10.5.6.8    Argentina Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

11.          Impact Of COVID-19 Pandemic On Global Medical Devices Market

11.1    North America: Impact Assessment of COVID-19 Pandemic

11.2    Europe: Impact Assessment of COVID-19 Pandemic

11.3    Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.4    Rest of the World: Impact Assessment of COVID-19 Pandemic

12.          Medical Devices Market – Industry Landscape

12.1    Overview

12.2    Growth Strategies Done by the Companies in the Market, (%)

12.3    Organic Developments

12.3.1     Overview

12.4    Inorganic Developments

12.4.1     Overview

13.          COMPANY PROFILES

13.1    Medtronic

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Abbott

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    Boston Scientific Corporation

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    Braun Melsungen AG

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    3M

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    General Electric Company

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    Stryker Corporation

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    Koninklijke Philips N.V.

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    Siemens AG

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Johnson and Johnson Services, Inc.

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.          Appendix

14.1    Glossary of Terms

LIST OF TABLES

Table 1.             North America Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 2.             North America Medical Devices Market, by Surgical Devices, – Revenue and Forecast to 2027 (USD Million)

Table 3.             North America Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 4.             North America Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 5.             US Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 6.             US Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 7.             US Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

Table 8.             US Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 9.             Canada Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 10.          Canada Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 11.          Canada Medical Devices Market, by Function– Revenue and Forecast to 2027 (USD Million)

Table 12.          Canada Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 13.          Mexico Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 14.          Mexico Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 15.          Mexico Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 16.          Mexico Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 17.          Europe: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 18.          Europe: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 19.          Europe: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 20.          Europe: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 21.          Germany: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 22.          Germany: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 23.          Germany: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 24.          Germany: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 25.          France: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 26.          France: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 27.          France: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 28.          France: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 29.          UK: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 30.          UK: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 31.          UK: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 32.          UK: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 33.          Italy: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 34.          Italy: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 35.          Italy: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 36.          Italy: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 37.          Spain: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 38.          Spain: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 39.          Spain: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 40.          Spain: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 41.          Asia Pacific: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 42.          Asia Pacific: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 43.          Asia Pacific: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 44.          Asia Pacific: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 45.          China: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 46.          China: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 47.          China: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 48.          China: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 49.          Japan: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 50.          Japan: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 51.          Japan: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 52.          Japan: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 53.          India: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 54.          India: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 55.          India: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 56.          India: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 57.          South Korea: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 58.          South Korea: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 59.          South Korea: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 60.          South Korea: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 61.          Australia: Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 62.          Australia: Medical Devices Market, by Surgical Devices – Revenue and Forecast to 2027 (USD Million)

Table 63.          Australia: Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million).

Table 64.          Australia: Medical Devices Market, End User – Revenue and Forecast to 2027 (USD Million)

Table 65.          Middle East & Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 66.          Middle East & Africa Medical Devices Market, by Surgical Device– Revenue and Forecast to 2027 (USD Million)

Table 67.          Middle East & Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 68.          Middle East & Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 69.          Saudi Arabia Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 70.          Saudi Arabia Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 71.          Saudi Arabia Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 72.          Saudi Arabia Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 73.          UAE Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 74.          UAE Medical Devices Market, by Surgical Device– Revenue and Forecast to 2027 (USD Million)

Table 75.          UAE Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 76.          UAE Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 77.          South Africa Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 78.          South Africa Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 79.          South Africa Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 80.          South Africa Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 81.          South and Central America Medical Devices Market, by Product Type – Revenue and Forecast to 2027  (USD Million)

Table 82.          South and Central America Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027  (USD Million)

Table 83.          South and Central America Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 84.          South and Central America Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 85.          Brazil Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 86.          Brazil Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 87.          Brazil Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 88.          Brazil Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 89.          Argentina Medical Devices Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 90.          Argentina Medical Devices Market, by Surgical Device – Revenue and Forecast to 2027 (USD Million)

Table 91.          Argentina Medical Devices Market, by Function – Revenue and Forecast to 2027 (USD Million)

Table 92.          Argentina Medical Devices Market, by End User – Revenue and Forecast to 2027 (USD Million)

Table 93.          Organic Developments Done By Companies

Table 94.          Inorganic Developments Done by Companies

Table 95.          Glossary of Terms, Medical Devices Market

 

 

LIST OF FIGURES

Figure 1.           Medical Devices Market Segmentation

Figure 2.           Medical Devices Market – By Geography

Figure 3.           Medical Devices Market Overview

Figure 4.           In Vitro Diagnostics (IVD) Segment Held Largest Share of Medical Devices Market in 2019

Figure 5.           Medical Devices Market in Asia Pacific Region to Show Remarkable Growth During Forecast Period

Figure 6.           Global Medical Devices Market, By Geography (US$ Million)

Figure 7.           Global Medical Devices Market- Leading Country Markets (US$ Million)

Figure 8.           Global Medical Devices Market, Industry Landscape

Figure 9.           North America PEST Analysis

Figure 10.        Europe PEST Analysis

Figure 11.        Asia Pacific PEST Analysis

Figure 12.        Middle East and Africa PEST Analysis

Figure 13.        South and Central America PEST Analysis

Figure 14.        Expert Opinion

Figure 15.        Medical Devices Market Impact Analysis of Driver and Restraints

Figure 16.        Global Medical Devices Market – Revenue Forecast And Analysis – 2019- 2027

Figure 17.        Global Medical Devices Market – By Geography Forecast and Analysis – 2019- 2027

Figure 18.        Market Positioning of Key Players

Figure 19.        Medical devices market Share, by Product Type, 2019 and 2027 (%)

Figure 20.        Surgical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Electrosurgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Ultrasonic Surgical Generators: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Minimally Invasive Surgery Instruments: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Others: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Infection Control Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 26.        General Medical Devices: Medical Devices Market– Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Cardiovascular Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Neurological Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Ophthalmology Devices: Medical Devices Market – Revenue and Forecast to 2027  (US$ Million)

Figure 30.        Orthopedic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Invitro Diagnostic Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Endoscopy Devices: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Others: Medical Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Medical Devices Market Share, by Function, 2019 and 2027 (%)

Figure 35.        Diagnostic and Monitoring: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 36.        Therapeutics: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 37.        Surgical: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 38.        Others: Medical Devices Market– Revenue and Forecast to 2027 (USD Million)

Figure 39.        Medical Device Market Share, by End User, 2019 and 2027 (%)

Figure 40.        Hospitals: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41.        Homecare: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 42.        Ambulatory Care: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 43.        Others: Medical Device Market – Revenue and Forecast to 2027 (US$ Million)

Figure 44.        North America: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 45.        North America Medical Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 46.        North America: Medical Devices Market, by Country, 2019 & 2027 (%)

Figure 47.        US: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 48.        Canada: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 49.        Mexico: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 50.        Europe: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 51.        Europe: Medical Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 52.        Europe: Medical Devices Market, by Country, 2019 & 2027 (%)

Figure 53.        Germany: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 54.        France: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 55.        UK: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 56.        Italy: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 57.        Spain: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 58.        Asia Pacific: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 59.        Asia Pacific: Medical Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 60.        Asia Pacific: Medical Devices Market, by Country, 2019 & 2027 (%)

Figure 61.        China: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 62.        Japan: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 63.        India: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 64.        South Korea: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 65.        Australia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 66.        Middle East & Africa: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 67.        Middle East & Africa Medical Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 68.        Middle East & Africa: Medical Devices Market, by Country, 2019 & 2027 (%)

Figure 69.        Saudi Arabia: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 70.        UAE: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 71.        South Africa: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 72.        South and Central America: Medical Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 73.        South and Central America Medical Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 74.        South and Central America: Medical Devices Market, by Country, 2019 & 2027 (%)

Figure 75.        Brazil: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 76.        Argentina: Medical Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 77.        Impact of COVID-19 Pandemic In North American Country Markets

Figure 78.        Impact of COVID-19 Pandemic In European Country Markets

Figure 79.        Impact of COVID-19 Pandemic In Asia Pacific Country Markets

Figure 80.        Impact Of COVID-19 Pandemic In Rest of the World Market

Figure 81.        Growth Strategies Done by the Companies in the Market, (%)

 

The List of Companies - Medical Device Market

  1. Medtronic
  2. Abbott
  3. Boston Scientific Corporation
  4. Braun Melsungen AG
  5. 3M
  6. General Electric Company
  7. Stryker Corporation
  8. Koninklijke Philips N.V.
  9. Siemens AG
  10. Johnson and Johnson Services, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the medical device market.

 

  • Highlights key business priorities in order to assist companies to realign their business strategies.

 

  • The key findings and recommendations highlight crucial progressive industry trends in the global medical device market, thereby allowing players across the value chain to develop effective long-term strategies.

 

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

 

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

 

  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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Frequently Asked Questions

A medical device can be a machine, instrument, apparatus, an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and many more. These medical devices are categorized into four classes, such as I, IIa, IIb, and III. The categories of the medical devices are based on the Food and Drug Administration and CE marking. The organizations have categorized class I as low-risk medical devices and class III high-risk medical devices.

The factors that are driving growth of the market are growing medical device industry and rising chronic disease prevalence. Moreover, strategic activities by the technological companies to boost medical technologies are offering lucrative opportunities for the growth of the market.

The medical second opinion market majorly consists of the players such as Medtronic, Abbott, Boston Scientific Corporation, Braun Melsungen AG, 3M, General Electric Company, Stryker Corporation, Koninklijke Philips N.V., Siemens AG, and Johnson and Johnson Services, Inc. amongst others.

Pricing