NEW YORK, Sept. 26, 2016 /PRNewswire/ -- This BCC Research report provides an up-to-date analysis of recent developments and current trends in the global medical enclosure market. It also identifies significant revenue growth drivers in specific categories for medical enclosures.
Use this report to:
Gain insight into the global medical device enclosure market, which has been divided by various segments such as applications, types, materials used, end-use, and regions.
Assess current market trends and recent developments in the field of medical device enclosure industry.
Understand the trends and approach used by major players of medical device enclosures, and their corporate profiles.
Analyze the vendor landscape, which includes detailed profiles of the major vendors in the global medical enclosure industry.
The global medical device enclosure market reached $2.1 billion in 2015.
The market should reach nearly $2.3 billion in 2016 and over $3.3 billion by 2021, growing at a compound annual growth rate (CAGR) of 7.8% from 2016 to 2021.
The medical device enclosure market for steel reached $600.8 million in 2015, and should reach $642.2 million and $907.1 million in 2016 and 2021 respectively; growing at a CAGR of 7.2% from 2016 to 2021.
The medical device enclosure market for polymers reached $812.6 million in 2015. The market should reach $880.1 million in 2016 and over $1.3 billion by 2021, growing at a CAGR of 8.6% from 2016 to 2021.
The global medical market is relatively nascent, and the application of medical devices in this market is expected to steadily increase. The market grew at a rate of 7.5% in 2015, primarily due to medical enclosures' increasing application in medical devices, including for hemodynamic monitoring, neuromonitoring, cardiac monitoring, respiratory monitoring, multi-parameter monitoring, ophthalmology, spinal implant and spinal, cardiac medical, dental implant, and orthopedic devices.
The medical enclosure market is broadly divided into five types based on the types of material: steel; aluminum; other metals, such as chromium, nickel and molybdenum; polymer; and other non-metals, such as ceramics.
Polymer materials are widely used in diagnostic and monitoring devices, followed by medical disposables and supplies and implant-based medical devices. Steel and aluminum-based medical enclosures are primarily used in diagnostic and monitoring devices, as well as in therapeutic devices. Medical enclosures are widely used in medical devices, including implants, diagnostic and monitoring devices, medical disposables and supplies, and therapeutic devices.
The increasing demand for medical devices and a growing aging population drive the global demand for medical enclosures. An increase in disposable income in the Asia-Pacific region and South America is also expected to drive the market through 2021.
The global market for medical enclosures is growing, primarily driven by North America, Europe and the Asia-Pacific region. This report also highlights the vendor landscape and provides detailed profiles for major companies.
STUDY GOALS AND OBJECTIVES
The goal of this report is to provide an up-to-date analysis of recent developments and current trends in the global medical enclosure market. It will also identify significant revenue growth drivers in specific categories for medical enclosures.
The objective of this kind of systematic research is to quantify the projected impact of both the internal and external forces affecting the current medical enclosure industry, as well as those that will affect the industry for the next several years.
The increasing incidence of lifestyle-based diseases, rising elderly populations and growing concern over hygiene in hospitals is expected to increase the demand for medical enclosures. In addition, rising disposable income in the Asia-Pacific region and South America, and stricter regulations in the making of medical devices in North America and Europe are expected to drive the global medical enclosure market.
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