Medical Health & Life Science Research News

What are the challenges to Medical Devices Industry growth in Between 2019-2025?

Aesthetic Lasers

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

Global 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.

Click Here For More Details @ www.alexareports.com/report/…nd-outlook Make an Inquiry about this news

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.

Sample Request of this Report @ www.alexareports.com/report-sample/9223 Make an Inquiry about this news

SWOT analysis of Medical Devices Industry:

Strength:

            Increasing number of aging population

            Growing incidence of chronic conditions

Weakness:

            High cost for medical devices

Opportunities:

            Advancement in technology

            Growth in research funding

Threats:

            Inadequate regulatory compliance

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:

By Function

  • • Diagnostic and Monitoring
  • • Therapeutic
  • • Surgical
  • • Other

By Application

  • • Surgical and Infection Control Devices
  • • General Medical Devices
  • • Cardiovascular Devices
  • • Orthopedic Devices
  • • Home Healthcare Devices
  • • Other Devices

By Region

  • • North America

o USA

o Canada

  • • Europe

o Germany

o U.K.

o France

o Italy

o Rest of Europe

  • • APAC

o China

o India

o Japan

o Rest of Asia-Pacific

  • • RoW

o Latin America

o Middle East & Africa

 

News From

Alexa ReportsAlexa Reports
Category: Market Research Publishers and RetailersCompany about: Alexa Reports is a globally celebrated premium market research service provider, with a strong legacy of empowering business with years of experience. We help our clients by implementing decision support system through progressive statistical surveying, in-depth market analysis, and reliable forecast data. Till date, we have collaborated and partnered with well-known publishers in specialized domain to offer our clients with comprehensive market analysis. Over the past few years, we have been ab ...
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!
  • www.alexareports.com/report/…nd-outlook
  • www.alexareports.com/report-sample/9223
  • www.alexareports.com