Medical Device Market by Application, Function, End Use and Region 2020--2025| Lucintel

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Trends, opportunities, and forecast in medical device market to 2025 by application (surgical and infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, and other devices), by function (diagnostic and monitoring, therapeutic, surgical and other devices), by end use (homecare medical device and hospital and ambulatory care medical device), and by region (North America, Europe, Asia Pacific, and the Rest of the World)

Publisher: Lucintel

Publication date: July 2020

Report Features
Table of Contents
Pricing
Methodology
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The Impact of COVID-19 is included in Medical Device Market Report. Buy it today to get an advantage.

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The future of the medical device market looks good with opportunities in hospital and homecare sector. The global medical device market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $426.2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for market growth are increasing healthcare expenditure, technological development, growing aging population, and chronic diseases.

Emerging trends, which have a direct impact on the dynamics of the medical device industry, include increasing use of AI-Optimized medical device, increasing acceptance of wearable medical devices, growing use of miniaturized medical devices, and growing adoption 3D-Printing in medical devices.

A total of 80 figures / charts and 53 tables are provided in this 177 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of medical device market report download the report brochure.

In this carket, cardiovascular device is the largest application segment of medical device, whereas surgical is the largest function. Growth in various segments of the medical device market are given below:

Medical Device Market by Segments

Medical Device Market Report: Trends, Forecast and Competitive Analysis

Emerging trends, which have a direct impact on the dynamics of the medical device industry, include increasing use of AI-Optimized medical device, increasing acceptance of wearable medical devices, growing use of miniaturized medical devices, and growing adoption 3D-Printing in medical devices.