Medical Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global medical equipment market as it emerges from the Covid 19 shut down.
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Description:
Where is the largest and fastest growing market for the medical equipment- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Medical Equipment market global report from Publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider medical equipment market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The medical equipment market section of the report gives context. It compares the medical equipment market with other segments of the medical equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, medical equipment indicators comparison.
Scope
Markets Covered: 1) By Type: In-Vitro Diagnostics; Dental Equipment And Supplies; Ophthalmic Devices; Diagnostic Imaging Equipment; Cardiovascular Devices; Hospital Supplies; Surgical Equipment; Orthopedic Devices; Patient Monitoring Devices; Diabetes Care Devices; Nephrology And Urology Devices; ENT Devices; Anesthesia And Respiratory Devices; Neurology Devices; Wound Care Devices
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
3) By Nature: Organic; Conventional
Subsegments Covered: Point-of-Care Diagnostics Devices And Equipment; Immunochemistry Diagnostic Devices And Equipment; Clinical Chemistry Diagnostics Devices And Equipment; Molecular Diagnostics Devices And Equipment; Microbiology Diagnostic Devices And Equipment; Hemostasis Diagnostic Devices And Equipment; Hematology Diagnostic Devices And Equipment; Immunohematology Diagnostic Devices And Equipment; Therapeutic Dental Equipment; General Dental Devices And Equipment; Dental Diagnostic Imaging Devices And Equipment; Dental Surgical Devices And Equipment; Vision Care Devices And Equipment; Cataract Surgery Devices And Equipment; Refractive Surgery Devices And Equipment; Diagnostic And Monitoring Ophthalmic Devices And Equipment; X-Ray Systems Devices And Equipment; Ultrasound Systems Devices And Equipment; Computed Tomography (CT) Scanners Devices And Equipment; Magnetic Resonance Imaging Systems Devices And Equipment; Cardiovascular Monitoring And Diagnostic Devices And Equipment; Nuclear Imaging Devices And Equipment; Cardiovascular Surgery Devices And Equipment; Cardiac Rhythm Management (CRM) Devices And Equipment; Interventional Cardiology Devices And Equipment; Defibrillator Devices And Equipment; Peripheral Vascular Devices And Equipment; Prosthetic Heart Valve Devices And Equipment; Electrophysiology Devices And Equipment; Cardiac Assist Devices And Equipment; Disposable Hospital Supplies; Sterilization Equipment And Disinfectants; Mobility Aids And Transportation Equipment; Operating Room Equipment; Surgical Sutures And Staples; Handheld Surgical Devices And Equipment; Electrosurgical Devices And Equipment; Joint Reconstruction Devices And Equipment; Spinal Surgery Devices And Equipment; Trauma Fixation Devices And Equipment; Orthobiologics Devices And Equipment; Arthroscopy Devices And Equipment; Orthopedic Braces And Support Devices And Equipment; Craniomaxillofacial (CMF) Devices And Equipment; Orthopedic Prosthetics; Orthopedic Accessories ;; Fetal And Neonatal Monitoring Devices; Weight Monitoring And Body Temperature Monitoring Devices And Equipment; Vital Parameter Monitoring Devices And Equipment; Remote Patient Monitoring Devices And Equipment; Blood Glucose Test Strips; Insulin Pens, Syringes, Pumps And Injectors; Lancing Devices And Equipment; Continuous Glucose Monitoring Devices And Equipment; Blood Glucose Meters; Dialysis Devices And Equipment; Urinary Stone Treatment Devices And Equipment; Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment; Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment; Endoscopy Devices And Equipment; Hearing Aid Devices And Equipment; Hearing Diagnostic Devices And Equipment; ENT Surgical Devices And Equipment; Hearing Implants; Voice Prosthesis Devices And Equipment; Nasal Splints; Respiratory Devices And Equipment (Therapeutic And Diagnostic); Anesthesia Machines; Anesthesia Disposables; Respiratory Disposables; Cerebrospinal Fluid Management (CSF) Devices And Equipment; Interventional Neurology Devices And Equipment; Neurosurgery Devices And Equipment; Neurostimulation Devices; Traditional Adhesive Dressings; Negative-pressure Wound Therapy (NPWT); Traditional Gauze Dressings; Advanced Wound Care Devices
Companies Mentioned: Medtronic Plc; Johnson & Johnson; Abbott Laboratories; Becton, Dickinson and Company; Siemens Healthineers AG
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, medical equipment indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major companies in the medical devices market include Medtronic Plc; Johnson & Johnson; Abbott Laboratories; Becton, Dickinson and Company and Siemens Healthineers AG.
The global medical equipment market is expected to grow from $456.76 billion in 2020 to $510.7 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $662.28 billion in 2025 at a CAGR of 7%.
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 equipment or devices used in the diagnosis, treatment and monitoring of medical conditions. The medical equipment market is segmented into in-vitro diagnostics; dental equipment and supplies; ophthalmic devices; diagnostic imaging equipment; cardiovascular devices; hospital supplies; surgical equipment; orthopedic devices; patient monitoring devices; diabetes care devices; nephrology and urology devices; ent devices; anesthesia and respiratory devices; neurology devices; wound care devices.
North America was the largest region in the global medical equipment market, accounting for 40% of the market in 2020. Asia Pacific was the second largest region accounting for 26% of the global medical equipment market. Africa was the smallest region in the global medical equipment market.
Device performance and patient data is available to healthcare service providers and is helping them to improve patient monitoring and overall care quality. Some companies are integrating medical device data with EMR (Electronic Medical Records) to improve transparency and collaboration. As consumer wearables are becoming more common, patient data volumes are increasing and companies are investing in deploying data management, warehousing and security technologies. For example, Medtronic launched a tool to augment their cardiac devices to securely transfer device data to doctors and allow them to monitor the critical health indicators of their patients.
Regulatory changes are likely to lead to increased costs relating to new product development and service offerings to clients. These changes are related to customer data protection such as the European Union's General Data Protection Regulation (GDPR), changes to equipment approval procedures and other regulatory changes. For instance, according to a report by Ernst and Young in 2018, Fortune 500 companies are spending $7.8 billion to comply with GDPR regulations. The GDPR regulation is an EU law on data protection and privacy of individuals residing the European Union and the European Economic Area (EEA). It also regulates the export of personal data outside the EU and EEA areas. Additionally, the FDA is requesting more clinical data to support claims, therefore increasing the time to process 510(k)s by over 55% over the last decade. The potential loss of revenue due to delays in product release and additional costs incurred due to stringent approval processes puts strain to investments relating to new product development, thereby affecting the growth of the medical equipment market.
The rise in sedentary jobs, busy lifestyles and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes and cardiovascular diseases. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of chronic diseases such as diabetes. According to the World Health Organization, chronic disease prevalence is expected to rise by 57% globally, by the year 2020. This is increasing the demand for medical devices used in diagnosis, prognosis and treatment of a number of diseases, thereby driving the demand for medical equipment. These factors are expected to increase the patient pool globally, thereby driving the market during the forecast period.
Table of Contents
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Medtronic Plc
Johnson & Johnson
Abbott Laboratories
Becton, Dickinson and Company
Siemens Healthineers AG