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Medical Devices Market Size, Share, Growth, Trends, Future Insights Till 2022, by Top Players Medtronic Plc, Johnson & Johnson, Abbott Laboratories offers "Medical Devices Market By Type Of Product (Cardiovascular Devices, In-Vitro Diagnostics, Diagnostic Imaging Equipment, Orthopedic Devices, Ophthalmic Devices, Hospital Supplies, Diabetes Care Devices, Patient Monitoring Devices, Nephrology And Urology Devices, Anesthesia And Respiratory Devices, Surgical Equipment, Wound Care Devices, Dental Equipment And Supplies, ENT Devices And Neurology Devices), Trends And Market Size – Global Forecast To 2022" from its research store.


London, UK -- (SBWIRE) -- 02/06/2020 -- The medical devices market consists of sales of medical equipment or devices and related services by entities (organizations, sole traders and partnerships) that manufacture medical devices which are used in the diagnosis, treatment and monitoring of medical conditions.

Growth in the historic period resulted from the rapid growth in the elderly population, strong economic growth and increasing access to healthcare facilities in emerging countries, adoption of advanced technologies in the manufacture of medical devices and rising healthcare expenditure globally. Factors that negatively affected growth in the historic period were the lack of awareness about chronic diseases and decreased healthcare reimbursements.

Surgical equipment manufacturers are offering next generation ultrasonic surgical devices to simplify complex surgical procedures. Modern ultrasonic surgical devices are multifunctional instruments capable of performing tissue plane dissection, coagulation, and transection during laparoscopic or open surgical procedures. Next generation ultrasonic devices feature adaptive tissue technology.

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Medical Devices Market Segmentation: -

By Device Type - The medical devices market can be segmented by type of equipment into
1.In-Vitro Diagnostics
2.Dental Equipment And Supplies
3.Ophthalmic Devices
4.Diagnostic Equipment
5.Cardiovascular Devices
6.Hospital Supplies
7.Surgical Equipment
8.Orthopedic Devices
9.Patient Monitoring Devices
10.Diabetes Care Devices
11.Nephrology And Urology Devices
12.ENT Devices
13.Anesthesia And Respiratory Devices
14.Neurology Devices
15.Wound Care Devices

Hospital supplies had the highest growth rate of nearly 9.3% during the historic period. The fastest growth of the market can be attributed to the rapid growth of private healthcare infrastructure in Asia-Pacific and Eastern Europe.

By Type Of Expenditure - The medical devices market can be segmented by type of expenditure into

The USA was the largest country in terms of private expenditure on medical devices, accounting for $88.98 billion in 2018.

By Type Of End User - The medical devices market can be segmented by type of expenditure into
1.Hospitals and Clinics
3.Diagnostic Centers

Diagnostic centers had the highest growth rate of nearly 6.8% during the historic period.

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By Geography - The medical devices market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East

North America is the largest market for medical devices market, accounting for 42.6% of the global market. It was followed by Western Europe, Asia Pacific, and other regions. Going forward, Asia Pacific and South America will be the fastest growing markets in the medical devices marketSome of the major key players involved in the medical devices market are Medtronic plc, Johnson & Johnson, Abbott Laboratories, Becton, Dickinson And Company, Siemens Healthineers AG, Baxter, SunMed, Beckman Coulter Inc., Boston Scientific Corporation, Stryker Corporation, Getinge AB, Teleflex Inc., Fresenius Medical Care AG & Co. KGaA, B. Braun Medical Inc.

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