Medical Devices Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: Sep 2022
- Pages: 162
- SKU: IRTNTR41168
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The medical devices market share is expected to increase by USD 155.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.5%.
This medical devices market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medical devices market segmentations by product (therapeutic and surgical, PMDMID, and other medical devices) and geography (North America, Asia, Europe, and Rest of World (ROW)). The medical devices market report also offers information on several market vendors, including 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. among others.
What will the Medical Devices Market Size be During the Forecast Period?
Download Report Sample to Unlock the Medical Devices Market Size for the Forecast Period and Other Important Statistics
Medical Devices Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The increasing prevalence of diseases is notably driving the medical devices market growth, although factors such as declining reimbursement and cost containment measures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Medical Devices Market Driver
- The increasing prevalence of diseases is one of the key factors driving the medical devices market growth.
- The global prevalence of acute and chronic diseases, including cardiovascular, neurological, orthopedic, and respiratory diseases, is increasing significantly.
- The prevalence of ophthalmic diseases, hearing disorders, and periodontal diseases are rising across the world. Age-related macular degeneration (AMD) is the third-leading cause of visual disability across the world and the leading cause in the industrialized world.
- Globally, the aging population is growing rapidly due to the increasing average life expectancy.
- The prevalence of chronic cardiac, neurological, and orthopedic diseases is on the rise due to risk factors such as diabetes, hypertension, the consumption of tobacco, and obesity. Hence, the demand for advanced surgical imaging equipment, such as C-arms systems, is increasing, which is driving the growth of the market.
Key Medical Devices Market Trend
- The emergence of innovative technologies is one of the key medical devices market trends fueling the market growth.
- Numerous medical technologies and devices introduced in recent years are expected to enhance the diagnosis and treatment of various diseases significantly.
- Regenerative medicine is increasingly gaining prominence due to its potential applications in repairing or replacing damaged human cells, tissues, and organs using therapeutic stem cells, tissue engineering, and artificial organ production.
- Many end-users are increasingly adopting surgical robots due to various advantages such as a 3D view of the operating field, low risk of infections, and others.
- Surgical robots have various advantages over laparoscopic and traditional surgery methods. Laparoscopic surgeries have certain limitations, including a restricted range of motion of instruments and poor ergonomic positioning of surgeons.
- Liquid biopsy can be used in conjunction with tumor tissue analysis or as an alternative when a tissue biopsy is insufficient, not feasible, or unavailable. However, their commercial applications are still nascent and largely limited to improving treatment selection for late-stage cancers, and the procedure is currently at a transition point between basic research and mainstream clinical practice.
Key Medical Devices Market Challenge
- Declining reimbursement and cost containment measures is one of the factors limiting the medical devices market growth.
- Governments in various major markets, including the EU and Japan, are increasing several cost-containment measures by various mechanisms.
- In many countries, the reimbursement value is derived based on the cost of using the device for performing the procedure rather than the device technology or features.
- Many private insurers require the vendors to provide strong evidence on the cost-effectiveness and clinical benefits of new medical devices and data on their performance in comparison with existing products. Medical devices that fail to provide such data often struggle to generate investor support or attain reimbursements.
- The increasing efforts by government authorities, insurance companies, and other payers to contain and reduce the costs is increasing the number of patients being refused payment from these third-party payers. The refusal of payments is significantly affecting the sales of medical devices and the overall profitability of vendors operating in the market. Hence, cost containment measures are hampering the profitability of companies operating in the market and restricting the market growth.
This medical devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global medical devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical devices market during the forecast period.
Who are the Major Medical Devices Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 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.
- Zimmer Biomet Holdings Inc.
This statistical study of the medical devices market encompasses successful business strategies deployed by the key vendors. The medical devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- B. Braun SE - B. Braun SE is a privately held company headquartered in Germany. It is a global company generating $9,290 million in revenues and has around 66,234 employees. Its revenue from the global medical devices market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
- B. Braun SE - The company offers medical devices such as ENT instruments and general surgical instruments.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The medical devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Medical Devices Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the medical devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Medical Devices Market?
For more insights on the market share of various regions Request PDF Sample now!
42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for medical devices market in North America. Market growth in this region will be slower than the growth of the market in Asia.
Favorable reimbursement policies will facilitate the medical devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, in 2021, owing to mass vaccination drives and various government initiatives the regional market is expected to grow during the forecast period.
What are the Revenue-generating Product Segments in the Medical Devices Market?
To gain further insights on the market contribution of various segments Request PDF Sample
The medical devices market share growth in the therapeutic and surgical segment will be significant during the forecast period. The rising number of COVID-19 cases led to a decline in the demand for surgeries or preference for surgeries, which decreased the demand for therapeutic and surgical devices in 2020 and 2021. However, mass vaccination drives and other initiatives were conducted by various governments in different counties, which mainly attributed to the normalcy of hospital functionality. Thus, the AMID sub-segment within the therapeutic and surgical devices segment is expected to witness steady growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical devices market size and actionable market insights on the post-COVID-19 impact on each segment.
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 |
$ 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 |
Key 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 recovery analysis 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. |
What are the Key Data Covered in this Medical Devices Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive medical devices market growth during the next five years
- Precise estimation of the medical devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medical devices industry across North America, Asia, Europe, and Rest of World (ROW)
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of medical devices market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Therapeutic and surgical - Market size and forecast 2021-2026
- Exhibit 28: Chart on Therapeutic and surgical - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Therapeutic and surgical - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Therapeutic and surgical - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Therapeutic and surgical - Year-over-year growth 2021-2026 (%)
- 5.4 PMDMID - Market size and forecast 2021-2026
- Exhibit 32: Chart on PMDMID - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on PMDMID - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on PMDMID - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on PMDMID - Year-over-year growth 2021-2026 (%)
- 5.5 Other medical devices - Market size and forecast 2021-2026
- Exhibit 36: Chart on Other medical devices - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Other medical devices - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Other medical devices - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Other medical devices - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Asia - Market size and forecast 2021-2026
- Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.10 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 B. Braun SE
- Exhibit 89: B. Braun SE - Overview
- Exhibit 90: B. Braun SE - Business segments
- Exhibit 91: B. Braun SE - Key news
- Exhibit 92: B. Braun SE - Key offerings
- Exhibit 93: B. Braun SE - Segment focus
- 10.4 Becton Dickinson and Co.
- Exhibit 94: Becton Dickinson and Co. - Overview
- Exhibit 95: Becton Dickinson and Co. - Business segments
- Exhibit 96: Becton Dickinson and Co. - Key news
- Exhibit 97: Becton Dickinson and Co. - Key offerings
- Exhibit 98: Becton Dickinson and Co. - Segment focus
- 10.5 F. Hoffmann La Roche Ltd.
- Exhibit 99: F. Hoffmann La Roche Ltd. - Overview
- Exhibit 100: F. Hoffmann La Roche Ltd. - Business segments
- Exhibit 101: F. Hoffmann La Roche Ltd. - Key news
- Exhibit 102: F. Hoffmann La Roche Ltd. - Key offerings
- Exhibit 103: F. Hoffmann La Roche Ltd. - Segment focus
- 10.6 General Electric Co
- Exhibit 104: General Electric Co - Overview
- Exhibit 105: General Electric Co - Business segments
- Exhibit 106: General Electric Co - Key news
- Exhibit 107: General Electric Co - Key offerings
- Exhibit 108: General Electric Co - Segment focus
- 10.7 Johnson and Johnson
- Exhibit 109: Johnson and Johnson - Overview
- Exhibit 110: Johnson and Johnson - Business segments
- Exhibit 111: Johnson and Johnson - Key news
- Exhibit 112: Johnson and Johnson - Key offerings
- Exhibit 113: Johnson and Johnson - Segment focus
- 10.8 Koninklijke Philips NV
- Exhibit 114: Koninklijke Philips NV - Overview
- Exhibit 115: Koninklijke Philips NV - Business segments
- Exhibit 116: Koninklijke Philips NV - Key news
- Exhibit 117: Koninklijke Philips NV - Key offerings
- Exhibit 118: Koninklijke Philips NV - Segment focus
- 10.9 Medtronic Plc
- Exhibit 119: Medtronic Plc - Overview
- Exhibit 120: Medtronic Plc - Business segments
- Exhibit 121: Medtronic Plc - Key news
- Exhibit 122: Medtronic Plc - Key offerings
- Exhibit 123: Medtronic Plc - Segment focus
- 10.10 Siemens AG
- Exhibit 124: Siemens AG - Overview
- Exhibit 125: Siemens AG - Business segments
- Exhibit 126: Siemens AG - Key news
- Exhibit 127: Siemens AG - Key offerings
- Exhibit 128: Siemens AG - Segment focus
- 10.11 Stryker Corp.
- Exhibit 129: Stryker Corp. - Overview
- Exhibit 130: Stryker Corp. - Business segments
- Exhibit 131: Stryker Corp. - Key news
- Exhibit 132: Stryker Corp. - Key offerings
- Exhibit 133: Stryker Corp. - Segment focus
- 10.12 Zimmer Biomet Holdings Inc.
- Exhibit 134: Zimmer Biomet Holdings Inc. - Overview
- Exhibit 135: Zimmer Biomet Holdings Inc. - Business segments
- Exhibit 136: Zimmer Biomet Holdings Inc. - Key news
- Exhibit 137: Zimmer Biomet Holdings Inc. - Key offerings
- Exhibit 138: Zimmer Biomet Holdings Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 139: Inclusions checklist
- Exhibit 140: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 141: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 142: Research methodology
- Exhibit 143: Validation techniques employed for market sizing
- Exhibit 144: Information sources
- 11.5 List of abbreviations
- Exhibit 145: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Germany
- China
- Japan
- France
- Increasing prevalence of diseases
- Emergence of innovative technologies
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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