The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global IoT Medical Devices market share. Learn More. The medical device market is projected to expand at a CAGR of 5.4% between 2019 and 2025. Global Medical Device Sterilization Market Scope and Market Size . . NEW DELHI, Oct. 20, 2021 /PRNewswire/ -- As per the report " Global Medical Devices Market - Industry Dynamics, Market Size, and Opportunity Forecast to 2027" published by Astute Analytica, the. Size and Growth of the Market. The region is characterized by a diverse population with a The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Medical Devices market growth scenario. Market Research Future introduces about The US & Global Paediatric Medical Device Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. Increasing demand for medical devices combined with the rising price competition and requirement to reduce the cost is expected to drive the market during the forecast period The rising geriatric population will boost the growth. The US accounts for approximately 38% of the global medical device market. Global Nephrology Devices Market Overview: The term nephrology devices refer to medical devices that are used to treat kidney diseases. This value is further estimated to be growing at a CAGR of 4.9% from 2022 to 2027 and worth USD 591.34 billion by 2027 from USD 465.55 billion in 2022. The global medical device outsourcing market size is expected to reach USD 292.93 billion by 2030, registering a CAGR of 12.1% The rising demand for advanced medical products and a growing trend of. Chapter 2: Introduction. Medtech Pro. The global smart medical devices market is expected to reach the value of US$ 70.1 Bn by the end of 2028. Industry trends. The global medical device technology market is growing at a significant CAGR of around 5.4% during the forecast period (2020-2026). TABLE 9 Global medical device connectivity market size and forecast, by end user 2011 - 2019 (USD million) TABLE 10 Hospital market size and forecast, by geography 2011 . ID: MRFR/MED/2123-HCR | February 2021 | Region: Global | 90 pages. IBISWorld's statistic shows that as of 2022 the market size of the Medical Device Manufacturing industry is $46.6bn an increase of 3.54% from 2021. . Albany NY, United States, May 16, 2022 (GLOBE NEWSWIRE) -- The value of the global pressure relief devices market was valued over US$ 2.6 Bn in 2019 and the market is likely to develop at a high . The global biopsy devices market size is expected to grow from $2.45 billion in 2021 to $2.64 billion in 2022 at a compound annual growth rate (CAGR) of 8%. The report titled "Global Medical Device Coating Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032" wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. About This Report Market Snapshot The global home medical equipment market size was valued at $30,545.34 million in 2019, and is estimated to reach $56,457.87 million by 2027, registering a CAGR of 6.1% from 2020 to 2027. Pune, India, Jan. 24, 2022 (GLOBE NEWSWIRE) -- The global medical devices market size is expected to reach USD 657.98 billion by 2028, exhibiting a CAGR of 5.4% during the forecast period. The global medical device outsourcing market size was valued at USD 107.92 billion in 2021 and is anticipated to exhibit a compound annual growth rate (CAGR) of 12.1% over the forecast period. The "Global Military Wearable Medical Device Market Size, Share & Trends Analysis Report by Application (Heart Monitor, Performance Monitor), Region (North America, Europe, APAC, LATAM, MEA), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.. The global medical device cleaning market was valued at USD 2,509.8 million in 2019. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. Regularly refreshed data at global, regional and country level. Established centers of this industry include the United States and Western Europe. Due to the COVID-19 pandemic, the global Medical Device Additive Manufacturing market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 . As per Zion Market Research study, The global Portable Medical Devices Market was worth around USD 47.73 billion in 2021 and is estimated to grow to about USD 77.01 billion by 2028, with a . Home Industry Reports Healthcare Medical Devices Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2 . Incidence of COVID-19 has impacted the industry with procedure deferrals during initial period of pandemic. Overview. APAC is home to seven of the world's 10 most populous countries and over 60 percent of the global population. Table 2-1: Summary: Global Atlas of Medical Devices, 2017 Update; Regulation in the United States Classification of Medical Devices. The global biopsy device market is expected to grow to $3.54 billion in 2026 at a CAGR of 7.6%. Medical device technologies ae referred to the technologies that can assist a healthcare provider in performing diagnosis, treatment and treatment of certain medical condition using medical devices. Medical device outsourcing is comparatively a novel perception in order to focus on company's core proficiencies such as technical and clinical innovations. Timing Devices Market size was valued at USD 5.08 Billion in 2020 and is projected to reach USD 8.98 Billion by 2028, growing at a CAGR of 7.35% from 2021 to 2028.. The global medical devices market size is expected to reach USD 657.98 billion by 2028, exhibiting a CAGR of 5.4% during the forecast period. The key factors driving the growth of the medical device contract manufacturing market include the overall growth of the medical devices market, mainly due to rising disease prevalence, life . Global Medical Devices Market Size (2022 to 2027) The size of the global medical devices market was valued at USD 443.8 billion in 2021. The medical devices market is estimated to increase at a CAGR of 23.20 percent to USD 63423.6 million by 2027. Medical devices are classified in one of three regulatory classes, the classification is dependent on the intended use of the device and indications for use. Report Summary. The global medical devices market attained a value of about USD 462 billion in 2020. The report offers the value (in USD million) for the above segments. "According to the recent research report, the demand of global Medical Device Market size & share expected to reach to USD 623 Billion by 2026 from USD 471 Billion in 2020, at a compound annual. The global connected medical devices market is estimated to witness significant growth during the forecast period (2020-2026) with a CAGR of ~25.2%, because of the advantages of IoT based or connected medical devices such as easy transfer of patient medical records, health data, lower medical errors, lower dependency on the medical staff, evolved . The total global medical technology industry' s market size is approximating half a trillion U.S. dollars. As per our report, the global medical device technologies market size was worth USD 569.54 Million in 2022. Increasing government funding and support in research activities and the healthcare sector are some factors that might help in market growth for the Neurorehabilitation Devices Market. The global medical device cleaning market size was valued at USD 16.24 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2021 to 2028. What is the market size of the Medical Device Manufacturing industry in the US? According to the study, the IVD segment covered a share of 12.9% in the global market in the year 2018. The MarketWatch News Department was not involved in the creation of this content. The global medical aesthetic devices market was valued at USD 13,708.42 million in 2021 and is expected to gain market growth at a CAGR of 11.83% in the forecast period. Manufacturers are also integrating intelligence into The global medical device sterilization market is segmented on the basis of product, technology, end-user, and distribution channel. Autotransfusion is a process wherein a person receives their own blood for a transfusion, instead of banked allogeneic (separate-donor) blood. growing at a CAGR of 16.75% from 2021 to 2028. It provides accurate data on top key players details, revenue estimations, facts and figures provides by companies to understand the current and future growth of Medical Device Reprocessing market. Globally, the medical device market is over $209 billion. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 6.1% to reach nearly USD 661 billion by 2026. Get more details on this report - Request Free Sample PDF. The global market for medical device technologies reached $458.3 billion in 2015. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application . The global sinus dilation devices market was valued at US$ 2.7 billion in 2021, and is expected to exhibit a CAGR of 8.4% over the forecast period (2022 - 2028). This figure is forecasted to grow to USD 747.90 Million by 2027, registering a 5.6% CAGR during the forecast period. Implantable Medical Devices Market size surpassed USD 90 billion in 2018 and is poised to grow at a CAGR of over 6.3% from 2019 to 2025. The market is expected to expand at a CAGR of 26.8% from 2021 to 2028. The growth of the ENT devices market is attributed to the rising aging population and the associated hearing loss, rise in disposable income and increasing affordability for ENT treatment, improving healthcare . Cardiovascular Devices Market size was valued at over USD 3 billion in 2020 and is expected to witness around 16.7% CAGR from 2021 to 2027. Rapid Digitisation of Medical Devices Boosting the Market Growth of Medical Devices The global medical device market will reach $745.0 billion by 2030, . The global digital pen market is expected to reach USD 6.29 billion by 2030, at a CAGR of 13.3% according to a new report by Grand View Research, Inc. Medical Devices Market Size The global medical devices market reached a value of nearly $456.8 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. For instance, various devices are . May 13, 2022 (The Expresswire) -- Global Muscle Stimulation Devices Market (2022-2028) Research report provides an . Phone: +1-631-791-1145 ; [361 Pages Report] The global medical device contract manufacturing market is estimated to reach USD 113.3 billion in 2026 from USD 65.9 billion in 2021, at a CAGR of 11.5% during the forecast period. Mar 23, 2022 (AmericaNewsHour) -- Kenneth Research has evaluated the current market opportunities in Global Medical Device Market in the healthcare industry for the forecast period 2022-2031, which. Emerging Medtech Summit. What is the CAGR of global medical devices market? The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Such segments include the market for urology devices and ophthalmology devices, both of which are . The rising prevalence of hospital-acquired infections is expected to be a major factor responsible for the steady growth of the overall market during the forecast period. Looking forward, IMARC Group expects the global implantable medical devices market to reach a value of US$ 160.3 Billion by 2026. The global impact of COVID-19 has been unprecedented and staggering, with medical devices witnessing a negative impact on the adoption rate across all regions amid the pandemic. In this report, Market Research Future has focused on the current market scenario which . A medical device can be defined as an instrument, implant, or apparatus used to diagnose or treat a medical condition. Change Language. The global military wearable medical device market size is expected to reach USD 46.7 billion by 2028 and is expected to expand at a CAGR of 30.1% from 2021 to 2028. Global Bio-MEMS Devices Market: The bio-MEMS devices market size has the potential to grow by USD 11.92 billion during 2020-2024, and the market's growth momentum will accelerate during the . Talk to one of our reps today about how an . Timing Devices Market Size And Forecast. Global medical device market size as a whole will grow nearly USD 120 billion between 2017-2022, with 43% of this growth coming from the Americas region. how the medical device market is increasingly focusing on strengthening their regulations along with building a unique distribution network across the countries. The rising demand for mobile devices, growing adoption of advanced technology in automotive electronics, and increasing demand for healthcare and medical equipment are driving the market . Global Wearable Medical Devices Market research report covers detailed information on Wearable Medical Devices Market Size, Value, Share, Growth, Trends, Statistics, Revenue, application, competition, Threats and growth opportunities till 2026. Get Demo. Market Overview If the Urology Devices market overcomes this constraint, the global market size for urology devices can be increased further by expanding its client base. Global nanotechnology in medical devices market expected to generate around USD 15.78 billion 2025, at a CAGR of around 11.3% between 2019 and 2025. Edison, NJ -- -- 01/19/2021 -- The Global Medical Devices Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2020-2026).The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. The global GI devices market size is then expected to grow to $12.72 billion in 2026 at a CAGR of 6.1%. According to Precedence Research, the global medical devices market size was valued at US$ 550 Billion in 2021 and expected to be worth around US$ 850 billion by 2030. The growth of the market is majorly driven by . Global Medical Device Connectivity Market: Snapshot. Increase in prevalence of hospital acquired infections (HAIs), surging elderly population, rise in volume of surgical procedures across the globe are key factors driving the global medical device cleaning market. The market is expected to grow from $456.8 billion in 2020 to $62.0 billion in 2025 at a rate of 7.7%. China, Japan, Russia and Brazil have the most stringent . The global medical device outsourcing market size was valued at USD 107.92 billion in 2021 and is anticipated to exhibit a compound annual growth rate (CAGR) of 12.1% over the forecast period. The global smart medical devices market was valued at US$ 48.6 Bn in 2020. Once the cost constraint in the market is . We estimate that the global Medical Device Market will flourish at an astounding rate of 5% CAGR during the forecast period to grow to a value of USD 623 Billion by 2026 from an initial value of USD 471 Billion in the year 2020. Figure 1-1: Global Medical Device Market, 2016-2025; Top Companies Mergers and Acquisitions Scope and Methodology Conclusions. The market should reach $483.5 billion in 2016 and $634.5 billion by 2021, growing at a compound annual growth rate (CAGR) of 5.6% from 2016 to 2021. Neurorehabilitation Devices Market Size And Forecast. Report Includes. Industry trends. Surgical Procedure Volume Tracker. But. As a . Gastrointestinal diseases include irritable bowel syndrome, hemorrhoids, perianal abscesses, colon polyps, and cancer . The global enteral feeding devices market size is expected to grow from $3.60 billion in 2021 to $3.84 billion in 2022 at a compound annual growth rate (CAGR) of 6.53%. The global autotransfusion devices market will grow from USD 400 million in 2021 to reach USD 520 million in 2026, with a CAGR of 5.5% from 2021-2026. 2 Market Overview and Dynamics 2.1 Market Size and Forecast 2.1.1 Impact of COVID-19 on World Economy The global sinus dilation devices market was valued at US$ 2.7 billion in 2021, and is expected to exhibit a CAGR of 8.4% over the forecast period (2022 - 2028). A complete market intelligence solution. The medical device industry is poised for steady growth, with global annual sales forecast to rise by over 5 percent a year and reach nearly US$800 billion by . The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led . MARKET DRIVERS: Select Language. Risk of infection during surgical procedures and high burden of COVID-19 related . Global Autotransfusion Devices Market Size. The Global Neurorehabilitation Devices Market report . Access Statistics, Trends and Analysis on 1,000+ Global Industries. Multiple segments within the medical devices market are poised for positive growth. In. The global military wearable medical device market size is expected to reach USD 46.7 billion by 2028 and is expected to expand at a CAGR of 30.1% from 2021 to 2028. Increasing demand for medical devices combined with the rising price competition and requirement to reduce the cost is expected to drive the market during the forecast period Rising demand for hi-tech products and continuous health monitoring is fueling market growth. If the Urology Devices market overcomes this constraint, the global market size for urology devices can be increased further by expanding its client base. in 2020 and the total revenue is expected to grow at 6.6% through 2021 to 2027, reaching nearly US$ 7.21 Bn. The elderly population and rising life expectancy, rising acceptance of IoT-based smart medical devices, expanding demand for portable medical devices, and the wearable . Rising penetration of electronic health record (EHRs) is creating need for faster exchange of healthcare information. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview . The increasing prevalence of gastrointestinal diseases contributed to the growth of the gastrointestinal devices market. Global "Medical Device Reprocessing Market" Research report analyses recent advancements, industry size, share and scope of developments across the regions. global medical device connectivity market size, trends, and analysis - forecasts to 2026 by product & service (medical device connectivity solutions (medical device integration, interface devices, connectivity hubs, telemetry systems), medical device connectivity services (support and maintenance, implementation and integration, training, … Over the next five years the Medical Device Validation and Verification market will register a CAGR 8.8% in terms of revenue and the global market size will reach USD in million by 2028. The. Medical Device Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 . Pune, India, Oct. 06, 2021 (GLOBE NEWSWIRE) -- The global medical devices market size is expected to gain momentum by reaching USD 657.98 billion by 2028 from USD 455.34 billion in 2021 while. The . March 20-23, 2023 | Monarch Beach Resort | Waldorf Astoria | Dana Point, CA. LSI USA '23. Global Nephrology Devices Market size was valued at US$ 4.60 Bn. 50 million by 20215, while the global market for remote patient monitoring devices is expected to reach US$1.9 billion by 20256. The global medical devices market size was USD 432.23 billion in 2020. It is estimated to expand at a CAGR of 7.5% from 2021 to 2028. The increasing prevalence of lifestyle-associated life-threatening diseases is expected to be the major driver for the global nanotechnology in medical devices market. The cosmetic and aesthetic devices manufacturers had to shut down the production and supply units due to the lockdown, that was imposed in the beginning of COVID-19 outbreak . The market growth is driven by increasing incidence of organ failures due to chronic disorders and accidents. What are the factors driving the medical devices market? Currently, global medical devices manufacturers have started to outsource their several operations such as production, product designing, supply chain management, and . Class I Medical Devices Pune, India, Jan. 24, 2022 (GLOBE NEWSWIRE) -- The global medical devices market size is expected to reach USD 657.98 billion by 2028, exhibiting a CAGR of 5.4% during the forecast period. We are regularly tracking the direct effect of COVID-19 on the . An overview of the global medical devices markets. The global medical device security market reached a value of US$ 7.21 Billion in 2021 and is exhibiting at a CAGR of 15.9% during 2022-2027. NEW YORK, March 23, 2022 /PRNewswire/ -- Polaris Market Research recently published a research report on "Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device . Porter's five forces analysis illustrates the potency . Once the cost constraint in the market is . The global military wearable medical device market size is expected to reach USD 46.7 billion by 2028 and is . The 2020 Global Medical Device Industry Outlook contains unique insights and expectations for the coming year from medical device industry professionals around the world. The global wearable medical devices market size is expected to reach USD 111.9 billion by 2028. The report on the medical devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Market Segementation by Product (Diagnostic Devices and Therapeutic Devices), By Site, By Application and By Region. [319 Pages Report] The global ENT Devices market size is projected to reach USD 22.3 billion by 2026 from USD 16.2 billion in 2021, at a CAGR of 6.6% during the forecast period. Connected Medical Devices Market Insights. 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