Medical Devices Market: Is Covid19 testing the healthcare

The global Medical Devices Market Size was USD 425.5 Billion in 2018 and is projected to reach USD 612.7 Billion by 2025, exhibiting a CAGR of 5.4% during the forecast period. As per regions, North America holds the dominant position in the global market. Companies such as GE Healthcare, DePuy Synthes, Ethicon LLC., Baxter International Inc., Medtronic, and Philips Healthcare.



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Rising Prevalence of Chronic Disorders and Demand for Preventive Healthcare to Spur Growth



The rising incidence of chronic diseases such as diabetes, cancer, heart diseases is fueling the demand for various medical devices in North America. According to the National Center for Chronic Disease Prevention and Health Promotion (CDC), around six in every 10 people in the U.S live with one of the above mentioned chronic diseases.



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Segmentation of the Global Medical Devices Market



By Type



• Orthopedic Devices



• Cardiovascular Devices



• Diagnostic Imaging



• IVD



• MIS



• Wound Management



• Diabetes Care



• Ophthalmic Devices



• Dental



• Nephrology



• Others



By End User



• Hospitals & Ambulatory Surgical Centers



• Clinics



• Others



By Geography



• North America (USA and Canada)



• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)



• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)



• Latin America (Brazil, Mexico and Rest of Latin America)



• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Detailed Table of Content:



1.Introduction



1.1. Research Scope



1.2. Market Segmentation



1.3. Research Methodology



1.4. Definitions and Assumptions



2.Executive Summary



3.Market Dynamics



3.1. Market Drivers



3.2. Market Restraints



3.3. Market Opportunities



4.Key Insights



4.1 Recent industry developments such as mergers & acquisitions



4.2 Overview of healthcare expenditure by key countries



4.3 Technological advancements



4.4 Key industry trends



Continued...