The Global Medical Device industry has experienced significant growth over the last five years and is expected to continue, reaching approximately US $302 billion in 2017 with a CAGR of 6.1% during next six years (2011-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the Global Medical Device industry and presents its findings in “Global Medical Device Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The Medical Device industry is comprised of surgical, cardiovascular, home healthcare, general medical, and other devices. The industry is highly fragmented, and North America dominates with 46% of the global market. High competitive rivalry prevails with low to moderate barrier for entry into the industry.
Increased global competitiveness and government regulation and a lack of qualified manpower related to medical devices are some of the challenges facing the Medical Device industry. As per the study, technological advancements may lead to nanotechnology applications and use of surgical robots as a new segment entering the Medical Device industry. These new segments are expected to improve the prospects for the market. Infrastructural development such as construction of hospitals and clinics and urbanization is expected to drive the growth of the Medical Device industry to new horizons.
APAC is projected to lead the market and grow at the highest CAGR during the forecast period. India and China are expected to be the driving countries.
The Cardiovascular segment is anticipated to witness growth due to an increase in the number of heart patients. Surgical and Infection Control and General Medical Devices are the most lucrative segments for companies in APAC.
Lucintel’s report is a cost-effective tool that depicts an overview of the Global Medical Device industry. The report tracks five industry segments for four regions – thus it tracks twenty segments. The scope of this study is limited to annual trends for past five years and forecasts for next six years. This report includes a study on the medical device industry but does not include orthopedic, in-vitro diagnostic, technical aids, and other equipment.
This comprehensive guide from Lucintel provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market’s potential. This report can save Lucintel’s clients hundreds of hours in personal research time on a global market. It also offers significant benefits in expanding business opportunities throughout the global medical device industry .In a fast-paced ever-changing world, business leaders need every advantage available to them in a timely manner to drive change in the market and to stay ahead of their competition. This report provides business leaders with a keen advantage in this regard by making them aware of emerging trends and demand requirements on an annual basis.
To make any investment or strategic decision, adequate and timely information is essential. This market report fulfills this core need. Some of the features of this market report are:
Industry size estimates in US dollar value by segment and by region
The global medical device industry annual trend (2006-2011) and forecast (2012-2017)
Porter’s Five Force analysis
New product launches and M&A activity in the industry
Quarterly demand trends (Q1 2010–Q4 2011)and forecast analysis (Q1 2012–Q4 2012) for the global medical device industry
Gross and net profit trends in the global medical device industry
Cost structure trends in the global medical device industry as well as by region
More than 50 valuable figures and charts and 12tables are provided in this report