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Medical Devices Market Analysis North America,Europe,Asia,Rest of World (ROW) - US,Germany,Japan,China,UK - Size and Forecast 2024-2028

  • Published: Jun 2024
  • Pages: 205
  • SKU: IRTNTR41168
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Medical Devices Market Size 2024-2028

The medical devices market size is estimated to grow by USD 194.30 billion at a CAGR of 6.07% between 2023 and 2028. The global healthcare sector experiences a substantial need for medical devices as a result of the escalating prevalence of chronic conditions such as diabetes, cardiovascular diseases, respiratory disorders, and cancer. Lifestyle changes and inactivity contribute to the rising cases and fatalities from these illnesses. Wearable electronics, wireless medical technologies, and smart health monitoring devices, including fitness trackers, cater to the ongoing healthcare management needs of patients. Therapeutic and diagnostic devices like pacemakers, insulin pumps, implantable defibrillators, and electromedical equipment are essential for managing cancer, cardiovascular diseases, and diabetes. Hospitals and healthcare organizations rely on capital equipment, consumables, and breakthrough designations for inpatient care, surgeries (emergency room, dental, orthopedic), and diagnostic procedures. Medical device manufacturing outsourcing is becoming increasingly common as companies aim to utilize specialized expertise and decrease production costs. The aging population further drives the demand for addressing age-related issues such as joint replacements, hearing aids, and assistive devices. Outsourcing medical device manufacturing is a popular trend as companies seek to reduce costs and access specialized expertise. The aging population's need for devices addressing age-related issues, such as joint replacements, hearing aids, and assistive devices, further fuels demand.

What will be the Size of the Medical Devices Market During the Forecast Period?

Medical Devices Market Size

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by End-user
    • Executive Summary - Chart on Market Segmentation by Product
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Medical Devices Market 2018 - 2022
      • Historic Market Size - Data Table on Global Medical Devices Market 2018 - 2022 ($ billion)
    • 4.2 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Product segment analysis 2018 - 2022
      • Historic Market Size - Product Segment 2018 - 2022 ($ billion)
    • 4.4 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Chart on End-user - Market share 2023-2028 (%)
      • Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Chart on Comparison by End-user
      • Data Table on Comparison by End-user
    • 6.3 Hospitals and ASCs - Market size and forecast 2023-2028
      • Chart on Hospitals and ASCs - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Hospitals and ASCs - Market size and forecast 2023-2028 ($ billion)
      • Chart on Hospitals and ASCs - Year-over-year growth 2023-2028 (%)
      • Data Table on Hospitals and ASCs - Year-over-year growth 2023-2028 (%)
    • 6.4 Clinics - Market size and forecast 2023-2028
      • Chart on Clinics - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Clinics - Market size and forecast 2023-2028 ($ billion)
      • Chart on Clinics - Year-over-year growth 2023-2028 (%)
      • Data Table on Clinics - Year-over-year growth 2023-2028 (%)
    • 6.5 Others - Market size and forecast 2023-2028
      • Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Chart on Others - Year-over-year growth 2023-2028 (%)
      • Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Market opportunity by End-user ($ billion)
      • Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Chart on Product - Market share 2023-2028 (%)
      • Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Chart on Comparison by Product
      • Data Table on Comparison by Product
    • 7.3 Therapeutic and surgical - Market size and forecast 2023-2028
      • Chart on Therapeutic and surgical - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Therapeutic and surgical - Market size and forecast 2023-2028 ($ billion)
      • Chart on Therapeutic and surgical - Year-over-year growth 2023-2028 (%)
      • Data Table on Therapeutic and surgical - Year-over-year growth 2023-2028 (%)
    • 7.4 PMDMID - Market size and forecast 2023-2028
      • Chart on PMDMID - Market size and forecast 2023-2028 ($ billion)
      • Data Table on PMDMID - Market size and forecast 2023-2028 ($ billion)
      • Chart on PMDMID - Year-over-year growth 2023-2028 (%)
      • Data Table on PMDMID - Year-over-year growth 2023-2028 (%)
    • 7.5 Others - Market size and forecast 2023-2028
      • Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Chart on Others - Year-over-year growth 2023-2028 (%)
      • Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Product
      • Market opportunity by Product ($ billion)
      • Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 Asia - Market size and forecast 2023-2028
      • Chart on Asia - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
      • Chart on Asia - Year-over-year growth 2023-2028 (%)
      • Data Table on Asia - Year-over-year growth 2023-2028 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
      • Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
      • Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
      • Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
    • 9.7 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.8 Germany - Market size and forecast 2023-2028
      • Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.9 Japan - Market size and forecast 2023-2028
      • Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Chart on UK - Year-over-year growth 2023-2028 (%)
      • Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Market opportunity by geography
      • Market opportunity by geography ($ billion)
      • Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Opportunity/Restraints

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market opportunities/restraints

          11 Competitive Landscape

          • 11.1 Overview
            • 11.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 11.3 Landscape disruption
              • Overview on factors of disruption
            • 11.4 Industry risks
              • Impact of key risks on business

            12 Competitive Analysis

            • 12.1 Companies profiled
              • Companies covered
            • 12.2 Market positioning of companies
              • Matrix on companies position and classification
            • 12.3 Abbott Laboratories
              • Abbott Laboratories - Overview
              • Abbott Laboratories - Business segments
              • Abbott Laboratories - Key news
              • Abbott Laboratories - Key offerings
              • Abbott Laboratories - Segment focus
            • 12.4 B.Braun SE
              • B.Braun SE - Overview
              • B.Braun SE - Business segments
              • B.Braun SE - Key news
              • B.Braun SE - Key offerings
              • B.Braun SE - Segment focus
            • 12.5 Baxter International Inc.
              • Baxter International Inc. - Overview
              • Baxter International Inc. - Business segments
              • Baxter International Inc. - Key news
              • Baxter International Inc. - Key offerings
              • Baxter International Inc. - Segment focus
            • 12.6 Becton Dickinson and Co.
              • Becton Dickinson and Co. - Overview
              • Becton Dickinson and Co. - Business segments
              • Becton Dickinson and Co. - Key news
              • Becton Dickinson and Co. - Key offerings
              • Becton Dickinson and Co. - Segment focus
            • 12.7 Boston Scientific Corp.
              • Boston Scientific Corp. - Overview
              • Boston Scientific Corp. - Business segments
              • Boston Scientific Corp. - Key news
              • Boston Scientific Corp. - Key offerings
              • Boston Scientific Corp. - Segment focus
            • 12.8 Canon Inc.
              • Canon Inc. - Overview
              • Canon Inc. - Business segments
              • Canon Inc. - Key news
              • Canon Inc. - Key offerings
              • Canon Inc. - Segment focus
            • 12.9 Cardinal Health Inc.
              • Cardinal Health Inc. - Overview
              • Cardinal Health Inc. - Business segments
              • Cardinal Health Inc. - Key news
              • Cardinal Health Inc. - Key offerings
              • Cardinal Health Inc. - Segment focus
            • 12.10 F. Hoffmann La Roche Ltd.
              • F. Hoffmann La Roche Ltd. - Overview
              • F. Hoffmann La Roche Ltd. - Business segments
              • F. Hoffmann La Roche Ltd. - Key news
              • F. Hoffmann La Roche Ltd. - Key offerings
              • F. Hoffmann La Roche Ltd. - Segment focus
            • 12.11 General Electric Co.
              • General Electric Co. - Overview
              • General Electric Co. - Business segments
              • General Electric Co. - Key news
              • General Electric Co. - Key offerings
              • General Electric Co. - Segment focus
            • 12.12 Johnson and Johnson Services Inc.
              • Johnson and Johnson Services Inc. - Overview
              • Johnson and Johnson Services Inc. - Business segments
              • Johnson and Johnson Services Inc. - Key news
              • Johnson and Johnson Services Inc. - Key offerings
              • Johnson and Johnson Services Inc. - Segment focus
            • 12.13 Koninklijke Philips N.V.
              • Koninklijke Philips N.V. - Overview
              • Koninklijke Philips N.V. - Business segments
              • Koninklijke Philips N.V. - Key news
              • Koninklijke Philips N.V. - Key offerings
              • Koninklijke Philips N.V. - Segment focus
            • 12.14 Medtronic Plc
              • Medtronic Plc - Overview
              • Medtronic Plc - Business segments
              • Medtronic Plc - Key news
              • Medtronic Plc - Key offerings
              • Medtronic Plc - Segment focus
            • 12.15 Siemens AG
              • Siemens AG - Overview
              • Siemens AG - Business segments
              • Siemens AG - Key news
              • Siemens AG - Key offerings
              • Siemens AG - Segment focus
            • 12.16 Stryker Corp.
              • Stryker Corp. - Overview
              • Stryker Corp. - Business segments
              • Stryker Corp. - Key news
              • Stryker Corp. - Key offerings
              • Stryker Corp. - Segment focus
            • 12.17 Zimmer Biomet Holdings Inc.
              • Zimmer Biomet Holdings Inc. - Overview
              • Zimmer Biomet Holdings Inc. - Business segments
              • Zimmer Biomet Holdings Inc. - Key news
              • Zimmer Biomet Holdings Inc. - Key offerings
              • Zimmer Biomet Holdings Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 13.4 Research methodology
                • Research methodology
              • 13.5 Data procurement
                • Information sources
              • 13.6 Data validation
                • Data validation
              • 13.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 13.8 Data synthesis
                • Data synthesis
              • 13.9 360 degree market analysis
                • 360 degree market analysis
              • 13.10 List of abbreviations
                • List of abbreviations
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