Global Medical Devices Industry By Function (Diagnostic, Monitoring And Therapeutic), and By Application (Surgical, Infection Control Devices And General Medical Devices) - Market Forecast and Size Analysis 2019-2025.
Medical Devices Industry was valued at USD 510 Billion in the year 2017. Global Medical Devices Industry is further estimated to grow at a CAGR of 5.3 % from 2019 to reach USD 766.27 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population.
Major market players in Medical Devices Industry are Medtronic plc, Johnson & Johnson, Cardinal Health Inc., Stryker Corp., General Electric Company, Becton Dickinson and Company, Koninklijke Philips N.V., Siemens AG, Boston Scientific Corp., GE Healthcare, and brief overview of 10 companies is also provided. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Request Sample Copy of this Market@ https://www.alexareports.com/report-sample/9223
The Global Medical Devices Industry is segmented as By Application, Function, and Region. The Application Type is segmented surgical and Infection Control Devices, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices and other Devices in which the orthopedic devices segment contributes to the highest Industry share due to rising trend of knee replacement surgeries especially by older people.
Medical Devices Industry Segmentation:
Diagnostic and Monitoring
- Surgical and Infection Control Devices
- General Medical Devices
- Cardiovascular Devices
- Orthopedic Devices
- Home Healthcare Devices
- Other Devices
Inquiry before Buying@ https://www.alexareports.com/send-an-enquiry/9223
Reason to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 55 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 55 Market, thereby allowing players 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 commercial interest with respect to products, segmentation and industry verticals
Ask For Discount@ https://www.alexareports.com/check-discount/9223