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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 $426.2 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for market growth are increasing healthcare expenditure, technological development, growing aging population, and chronic diseases.
Emerging trends, which have a direct impact on the dynamics of the medical device industry, include increasing use of AI-Optimized medical device, increasing acceptance of wearable medical devices, growing use of miniaturized medical devices, and growing adoption 3D-Printing in medical devices.
A total of 80 figures / charts and 53 tables are provided in this 177 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of medical device market report download the report brochure.
The study includes the medical device market size and forecast for the medical device market through 2025, segmented by application, function, end use, and region, as follows:
Medical Device Market by Application [$B shipment analysis from 2014 to 2025]:
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Surgical and Infection Control Devices
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General Medical Devices
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Cardiovascular Devices
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Orthopedic Devices
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Home Healthcare Devices
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Other Devices
Medical Device Market by Function [$B shipment analysis from 2014 to 2025]:
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Diagnostic and Monitoring
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Therapeutic
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Surgical
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Other Devices
Medical Device Market by End Use [$B shipment analysis from 2014 to 2025]:
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Homecare Medical Device
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Hospital and Ambulatory Care Medical Device
Medical Device Market by Region [$B shipment analysis from 2014 to 2025]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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France
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United Kingdom
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Italy
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Spain
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APAC
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Japan
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China
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India
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ROW
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Brazil
Some of the medical devices companies profiled in this report include Medtronic, Johnson & Johnson, GE Healthcare, Siemens, and Cardinal Health and others.
On the basis of comprehensive research, Lucintel forecasts that cardiovascular device will remain the largest segment over the forecast period due to increasing geriatric population, inactive lifestyle, and poor eating habits.
Within the medical device market, diagnostic and monitoring, therapeutic, and surgical are the major function segments. Surgical device will remain the largest segment over the forecast period due to increasing number of surgical procedures, growing aging population, and increase in incidence of several chronic diseases.
North America will remain the largest region during the forecast period mainly due to a large target patient pool coupled with a high adoption rates for advanced treatments in this region. Asia Pacific is expected to witness the highest growth over the forecast period due to growing health awareness, increasing per capita income, and improving healthcare infrastructure.
Some of the features of this report:
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Market size estimates: Medical device market size estimation in terms of value ($B) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by region, application and end user industry
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Segmentation analysis: Medical device market size by application, function, and end use in terms of value and volume shipment.
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Regional analysis: Medical device market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
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Growth opportunities: Analysis on growth opportunities in different applications and regions of medical device in the medical device market.
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Strategic analysis: This includes M&A, new product development, and competitive landscape of medical device in the medical device market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following key questions:
Q.1. What are some of the most promising, high growth opportunities for the medical device market 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)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this medical device market?
Q.5. What are the business risks and competitive threats in this medical device market?
Q.6. What are the emerging trends in this medical device market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the medical device market?
Q.8. What are the new developments in the medical device market and which companies are leading these developments?
Q.9. Who are the major players in this medical device market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this medical device market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years in this medical device market?
Report Scope
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Key Features |
Description |
|
Base Year for Estimation |
2019 |
Trend Period
(Actual Estimates) |
2014-2019 |
|
Forecast Period |
2020-2025 |
|
Pages |
177 |
|
Market Representation / Units |
Revenue in US $ Billion and Volume in Million Units |
|
Report Coverage |
Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling |
|
Market Segments |
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), and By end use (homecare medical device and hospital and ambulatory care medical device) |
|
Regional Scope |
North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, and Spain), Asia Pacific (Japan, China, and India), and RoW (Brazil) |
|
Customization |
10% Customization Without any Additional Cost |
Table of Contents
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends and Forecast
3.2: Medical Device Market Trends and Forecast
3.3: Medical Device Market by Application
3.3.1: Surgical and Infection Control Devices
3.3.2: General Medical Devices
3.3.3: Cardiovascular Devices
3.3.4: Orthopedic Devices
3.3.5: Home Healthcare Devices
3.3.6: Other Devices
3.4: Medical Device Market by Function
3.5: Medical Device Market by End Use
4. Market Trends and Forecast Analysis by Region
4.1: Medical Device Market by Region
4.2: North American Medical Device Market
4.2.1: Market by Application: Surgical and Infection Control, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices, and Other Devices
4.2.2: United States Medical Device Market
4.2.3: Canadian Medical Device Market
4.2.4: Mexican Medical Device Market
4.3: European Medical Device Market
4.3.1: Market by Application: Surgical and Infection Control, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices, and Other Devices
4.3.2: German Medical Device Market
4.3.3: French Medical Device Market
4.3.4: Medical Device Market of the United Kingdom
4.3.5: Italian Medical Device Market
4.3.6: Spanish Medical Device Market
4.4: APAC Medical Device Market
4.4.1Market by Application: Surgical and Infection Control, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices, and Other Devices
4.4.2: Japanese Medical Device Market
4.4.3: Chinese Medical Device Market
4.4.4: Indian Medical Device Market
4.5: ROW Medical Device Market
4.5.1: Market by Application: Surgical and Infection Control, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices, and Other Devices
4.5.2: Brazilian Medical Device Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin
7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Medical Device Market by Application Type
7.1.2: Growth Opportunities for the Medical Device Market by Function
7.1.3: Growth Opportunities for the Medical Device Market by End Use
7.1.4: Growth Opportunities for the Medical Device Market by Region
7.2: Emerging Trends in the Medical Device Market
7.3: Strategic Analysis
7.3.1: New Product Development
7.3.2: Capacity Expansion of the Medical Device Market
7.3.3: Mergers, Acquisitions, and Joint Ventures in the Medical Device Market
7.3.4: Technology Development
8. Company Profiles of Leading Players
8.1: Medtronic Public Limited Company
8.2: Johnson & Johnson
8.3: Cardinal Health Inc.
8.4: Stryker Corporation
8.5: General Electric Company
8.6: Becton Dickinson and Company
8.7: Koninklijke Philips N.V.
8.8: Siemens AG
List of Figures
Chapter 2. Market Background and Classifications
Figure 2.1: Classification of the Medical Device Market
Figure 2.2: Supply Chain of the Medical Device Market
Figure 2.3: Major Drivers and Challenges for the Medical Device Market
Chapter 3. Market Trends and Forecast Analysis from 2014 to 2025
Figure 3.1: Trends of the GDP Growth Rate
Figure 3.2: Trends of the Aging Population Growth Rate
Figure 3.3: Trends of the Population Growth Rate
Figure 3.4: Trends of the Inflation Rate
Figure 3.5: Trends of the Unemployment Rate
Figure 3.6: Trends of the Regional GDP Growth Rate
Figure 3.7: Trends of the Regional Population Growth Rate
Figure 3.8: Trends of the Regional Inflation Rate
Figure 3.9: Trends of the Regional Unemployment Rate
Figure 3.10: Regional Per Capita Income Trends
Figure 3.11: Trends of the Regional Aging Population Growth Rate
Figure 3.12: Trends of the Regional Inflation Rate
Figure 3.13: Trends of the Regional Unemployment Rate
Figure 3.14: Forecast for the GDP Growth Rate
Figure 3.15: Forecast for the Aging Population Growth Rate
Figure 3.16: Forecast for the Inflation Rate
Figure 3.17: Forecast for the Unemployment Rate
Figure 3.18: Forecast for the Regional GDP Growth Rate
Figure 3.19: Forecast for the Regional Aging Population Growth Rate
Figure 3.20: Forecast for the Regional Inflation Rate
Figure 3.21: Forecast for the Regional Unemployment Rate
Figure 3.22: Forecast for Regional Per Capita Income
Figure 3.23: Trends and Forecast for the Medical Device Market (2014-2025)
Figure 3.24: Trends of the Medical Device Market ($B) by Application (2014-2019)
Figure 3.25: Forecast for the Medical Device Market ($B) by Application (2020-2025)
Figure 3.26: Trends of Surgical and Infection Control Devices in the Medical Device Market ($B) by Region (2014-2019)
Figure 3.27: Forecast for Surgical and Infection Control Devices in the Medical Device Market ($B) by Region (2020-2025)
Figure 3.28: Trends of General Medical Devices in the Medical Device Market ($B) by Region (2014-2019)
Figure 3.29: Forecast for General Medical Devices in the Medical Device Market ($B) by Region (2020-2025)
Figure 3.30: Trends of Cardiovascular Devices in the Medical Device Market ($B) by Region (2014-2019)
Figure 3.31: Forecast for Cardiovascular Devices in the Medical Device Market ($B) by Region (2020-2025)
Figure 3.32: Trends of Orthopedic Devices in the Medical Device Market ($B) by Region (2014-2019)
Figure 3.33: Forecast for Orthopedic Devices in the Medical Device Market ($B) by Region (2020-2025)
Figure 3.34: Trends of Home Healthcare Devices in the Medical Device Market ($B) by Region (2014-2019)
Figure 3.35: Forecast for Home Healthcare Devices in the Medical Device Market ($B) by Region (2020-2025)
Figure 3.36: Trends of Other Devices in the Medical Device Market ($B) by Region (2014-2019)
Figure 3.37: Forecast for Other Devices in the Medical Device Market ($B) by Region (2020-2025)
Figure 3.38: Medical Device Market by Function in 2019
Figure 3.39: Medical Device Market by Function 2025
Figure 3.38: Medical Device Market by Usage in 2019
Figure 3.39: Medical Device Market by Usage 2025
Chapter 4. Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Medical Device Market ($B) by Region (2014-2019)
Figure 4.2: Forecast for the Medical Device Market ($B) by Region (2020-2025)
Figure 4.3: Trends of the North American Medical Device Market ($B) by Application (2014-2019)
Figure 4.4: Forecast for the North American Medical Device Market ($B) by Application (2020-2025)
Table 4.5: Market Size and CAGR of Various Applications of the North American Medical Device Market by Value (2014-2019)
Figure 4.6: Trends and Forecast for the United States Medical Device Market (2014-2025)
Figure 4.7: Trends and Forecast for the Canadian Medical Device Market (2014-2025)
Figure 4.8: Trends and Forecast for the Mexican Medical Device Market (2014-2025)
Figure 4.9: Trends and Forecast for the European Medical Device Market (2014-2025)
Figure 4.10: Trends of the European Medical Device Market ($B) by Application (2014-2019)
Figure 4.11: Forecast for the European Medical Device Market ($B) by Application (2020-2025)
Figure 4.12: Trends and Forecast for the German Medical Device Market (2014-2025)
Figure 4.13: Trends and Forecast for the French Medical Device Market (2014-2025)
Figure 4.14: Trends and Forecast for the United Kingdom Medical Device Market (2014-2025)
Figure 4.15: Trends and Forecast for the Italian Medical Device Market (2014-2025)
Figure 4.16: Trends and Forecast for the Spanish Medical Device Market (2014-2025)
Figure 4.17: Trends and Forecast for the APAC Medical Device Market (2014-2025)
Figure 4.18: Trends of the APAC Medical Device Market ($B) by Application (2014-2019)
Figure 4.19: Forecast for the APAC Medical Device Market ($B) by Application (2020-2025)
Figure 4.20: Trends and Forecast for the Japanese Medical Device Market (2014-2025)
Figure 4.21: Trends and Forecast for the Chinese Medical Device Market (2014-2025)
Figure 4.22: Trends and Forecast for the Indian Medical Device Market (2014-2025)
Figure 4.23: Trends and Forecast for the ROW Medical Device Market (2014-2025)
Figure 4.24: Trends of the ROW Medical Device Market ($B) by Application (2014-2019)
Figure 4.25: Forecast for the ROW Medical Device Market ($B) by Application (2020-2025)
Figure 4.26: Trends and Forecast for the Brazilian Medical Device Market (2014-2025)
Chapter 5. Competitor Analysis
Figure 5.1: Market Share Analysis of the Medical Device Market in 2019
Figure 5.2: Medical Device Market: Top Five Players’ Market Share Analysis in 2019
Figure 5.3: Headquarters of Competitors in the Medical Device Market
Figure 5.4: Porter’s Five Forces Industry Analysis for the Medical Device Market
Chapter 6. Cost Structure Analysis
Figure 6.1: Cost Structure Analysis of the Medical Device Market (%) in 2019
Chapter 7. Growth Opportunities and Strategic Analysis
Figure 7.1: Growth Opportunities for the Medical Device Market by Application
Figure 7.2: Growth Opportunities for the Medical Device Market by Function
Figure 7.3: Growth Opportunities for the Medical Device Market by End Use
Figure 7.4: Growth Opportunities for the Medical Device Market by Region
Figure 7.5: Emerging Trends in the Medical Device Market
Figure 7.6: Strategic Initiatives by Major Competitors in the Medical Device Market
Figure 7.7: Capacity Expansion of the Medical Device Market
List of Tables
Chapter 1. Executive Summary
Table 1.1: Medical Device Market Parameters and Attributes
Chapter 3. Market Trends and Forecast Analysis from 2014 to 2025
Table 3.1: Market Trends of the Medical Device Market (2014-2019)
Table 3.2: Market Forecast for the Medical Device Market (2020-2025)
Table 3.3: Market Size and CAGR of Various Applications in the Medical Device
Table 3.4: Market Size and CAGR of Various Applications in the Medical Device Market by Value (2020-2025)
Table 3.5: Market Size and CAGR of Various Regions of Surgical and Infection Control Devices in the Medical Device Market by Value (2014-2019)
Table 3.6: Market Size and CAGR of Various Regions of Surgical and Infection Control Devices in the Medical Device Market by Value (2020-2025)
Table 3.7: Market Size and CAGR of Various Regions of General Medical Devices in the Medical Device Market by Value (2014-2019)
Table 3.8: Market Size and CAGR of Various Regions of General Medical Devices in the Medical Device Market by Value (2020-2025)
Table 3.9: Market Size and CAGR of Various Regions of Cardiovascular Devices in the Medical Device Market by Value (2014-2019)
Table 3.10: Market Size and CAGR of Various Regions of Cardiovascular Devices in the Medical Device Market by Value (2020-2025)
Table 3.11: Market Size and CAGR of Various Regions of Orthopedic Devices in the Medical Device Market by Value (2014-2019)
Table 3.12: Market Size and CAGR of Various Regions of Orthopedic Devices in the Medical Device Market by Value (2020-2025)
Table 3.13: Market Size and CAGR of Various Regions of Home Healthcare Devices in the Medical Device Market by Value (2014-2019)
Table 3.14: Market Size and CAGR of Various Regions of Home Healthcare Devices in the Medical Device Market by Value (2020-2025)
Table 3.15: Market Size and CAGR of Various Regions of Other Devices in the Medical Device Market by Value (2014-2019)
Table 3.16: Market Size and CAGR of Various Regions of Other Devices in the Medical Device Market by Value (2020-2025)
Chapter 4. Market Trends and Forecast Analysis by Region
Table 4.1: Market Size and CAGR of Various Regions of the Medical Device Market by Value (2014-2019)
Table 4.2: Market Size and CAGR of Various Regions of the Medical Device Market by Value (2020-2025)
Figure 4.3: Trends and Forecast for the North American Medical Device Market (2014-2025)
Table 4.4: Market Trends of the North American Medical Device Market (2014-2019)
Table 4.5: Market Forecast for the North American Medical Device Market (2020-2025)
Table 4.6: Market Size and CAGR of Various Applications of the North American Medical Device Market by Value (2020-2025)
Table 4.7: Trends and Forecast in the United States Medical Device Market (2014-2025)
Table 4.8: Trends and Forecast in the Canadian Medical Device Market (2014-2025)
Table 4.9: Trends and Forecast in the Mexican Medical Device Market (2014-2025)
Table 4.10: Market Trends of the European Medical Device Market (2014-2019)
Table 4.11: Market Forecast for the European Medical Device Market (2020-2025)
Table 4.12: Market Size and CAGR of Various Applications of the European Medical Device Market by Value (2014-2019)
Table 4.13: Market Size and CAGR of Various Applications in the European Medical Device Market by Value (2020-2025)
Table 4.14: Trends and Forecast in the German Medical Device Market (2014-2025)
Table 4.15: Trends and Forecast in the French Medical Device Market (2014-2025)
Table 4.16: Trends and Forecast for the United Kingdom Medical Device Market (2014-2025)
Table 4.17: Trends and Forecast for the Italian Medical Device Market (2014-2025)
Table 4.18: Trends and Forecast for the Spanish Medical Device Market (2014-2025)
Table 4.19: Market Trends of the APAC Medical Device Market (2014-2019)
Table 4.20: Market Forecast for the APAC Medical Device Market (2020-2025)
Table 4.21: Market Size and CAGR of Various Applications of the APAC Medical Device Market by Value (2014-2019)
Table 4.22: Market Size and CAGR of Various Applications of the APAC Medical Device Market by Value (2020-2025)
Table 4.23: Trends and Forecast in the Japanese Medical Device Market (2014-2025)
Table 4.24: Trends and Forecast for the Chinese Medical Device Market (2014-2025)
Table 4.25: Trends and Forecast in the Indian Medical Device Market (2014-2025)
Table 4.26: Market Trends of the ROW Medical Device Market (2014-2019)
Table 4.27: Market Forecast for the ROW Medical Device Market (2018-2023)
Table 4.28: Market Size and CAGR of Various Applications of the ROW Medical Device Market by Value (2014-2019)
Table 4.29: Market Size and CAGR of Various Applications of the ROW Medical Device Market by Value (2020-2025)
Table 4.30: Trends and Forecast in the Brazilian Medical Device Market (2014-2025)
Chapter 5. Competitor Analysis
Table 5.1: Product Mapping of Medical Device Suppliers Based on Markets Served
Table 5.2: Rankings of Suppliers Based on Revenue of the Medical Device Market
Table 5.3: Operational Integration of Medical Device Suppliers
Chapter 6. Cost Structure Analysis
Table 6.1: Financial Statement for the Medical Device Market
Chapter 7. Growth Opportunities and Strategic Analysis
Table 7.1: New Product Launches by Major Medical Device Producers (2014-2019) (Source: Lucintel)
Table 7.2: Technological Advancements in the Medical Device Market