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Classified in: Health, Covid-19 virus
Subject: MRR

USD 155.43 Bn Growth in Medical Devices Market Size, Majority of Market Growth to Originate from North America - Technavio


NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The medical devices market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market is highly competitive due to the presence of many regional and global vendors. These vendors offer a wide range of products. They have substantial manufacturing, financial, marketing, sales, and distribution resources. The vendors are making significant investments in R&D and have a wide geographical reach. Small and medium-sized vendors are focusing on expanding their businesses globally. Hence, the key vendors are facing intense competition from global and regional vendors that offer similar products at competitive prices. The competitive environment in the market is expected to intensify during the forecast period due to factors such as technological advances, the growing number of approvals of new products, and the increasing number of M&A and strategic collaborations.

The medical devices market size is expected to grow by USD 155.43 billion from 2021 to 2026. Technavio's latest report estimates that the growth momentum of the market will accelerate at a CAGR of 5.5% during the forecast period.

This report offers an up-to-date analysis of the current market scenario, the latest trends
and drivers, and the overall market environment. Read our FREE PDF Sample Report

Medical Devices Market 2022-2026: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the medical devices market include Abbott Laboratories, B. Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Canon Inc., Cardinal Health Inc, Danaher Corp., F. Hoffmann La Roche Ltd., Fresenius Medical Care AG and Co. KGaA, General Electric Co, Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Nihon Kohden Corp, Olympus Corp., Siemens AG, Smith and Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.

The report also covers the following areas:

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Medical Devices Market 2022-2026: Segmentation

Learn about the contribution of each segment summarized in concise infographics and
thorough descriptions. View a FREE PDF Sample Report

Medical Devices Market 2022-2026: Regional Analysis

North America will account for 42% of the market's growth during the forecast period. The growth of this region is attributed to factors such as favorable reimbursement policies. However, market growth in this region will be slower than the growth of the market in other regions. The US and Canada are the key countries for the medical devices market in North America.

Medical Devices Market 2022-2026: Key Highlights

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Angiographic Catheters Market by End-user and Geography - Forecast and Analysis - 2022-2026: The angiographic catheters market share is expected to increase by USD 584.14 million from 2021 to 2026.

Medical Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.5%

Market growth 2022-2026

USD 155.43 billion

Market structure

Fragmented

YoY growth (%)

4.9

Regional analysis

North America, Asia, Europe, and Rest of World (ROW)

Performing market contribution

North America at 42%

Key consumer countries

US, Canada, Germany, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, B. Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Canon Inc., Cardinal Health Inc, Danaher Corp., F. Hoffmann La Roche Ltd., Fresenius Medical Care AG and Co. KGaA, General Electric Co, Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Nihon Kohden Corp, Olympus Corp., Siemens AG, Smith and Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Health Care Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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News published on 3 october 2022 at 18:30 and distributed by: