LONDON, March 30, 2015 /PRNewswire/ -- This BCC Research report discusses the medical device technologies in terms of market share of major players, market growth and size, and opportunities for different devices and regions. It includes forecasts for market trends and revenue through 2018. Patent analysis in the report focuses on technological trends in recent years in geographies such as the U.S., Europe and Japan.
Use this report to:
- Define and discuss the global medical device technologies market.
- Analyze market structure, including segments and subsegments.
- Study various submarkets with respect to growth drivers and inhibitors of the medical device technologies market.
- Identify market trends, issues and factors impacting medical device technologies.
Highlights
- BCC Research estimates the global market for medical device technologies as $390.3 billion in 2012. This indication has reached $411.8 billion in 2013 and is expected to reach $538.7 billion in 2018, registering a compound annual growth (CAGR) of 5.5% over the next five years.
- North America as a segment will grow from $187.6 billion in 2013 to nearly $225.4 billion by 2018 at a 3.7% CAGR for the period 2013-2018.
- Asia is the largest segment of the global market for medical device technologies and it has reached $7.1 billion in 2013 and is expected to reach $10.8 billion by 2018, increasing at a CAGR of 8.5% from 2013 through 2018.
INTRODUCTION
This report discusses the medical device technologies in terms of market share of major players, market growth and size, and opportunities for different devices and regions. The report includes forecasts for market trends and revenue through 2018. Major players, innovative products and technologies, trends and market dynamics, competitive intelligence, and geographic trends are well researched and analyzed in the report.
STUDY GOALS AND OBJECTIVES
The goals and objectives of the study include the following:
- Define and discuss the global medical device technologies market.
- Analyze market structure, including segments and subsegments.
- Estimate market revenues of the global medical device technologies industry by segment, geography and products.
- Identify market trends, issues and factors impacting medical device technologies.
- Study various submarkets with respect to growth drivers and inhibitors of the medical device technologies market.
- Explain opportunities in the medical device technologies market with respect to geography and products.
- Profile major players and analyze their market share, core competencies and strategies in the medical device technologies market.
- Track alliances, joint ventures, mergers and acquisitions, new product developments and research and development in the global medical device technologies market.
MARKET DESCRIPTION
A medical device is an instrument, apparatus, implant, in vitro reagent or similar device used to diagnose, prevent or treat disease or other conditions. There are several medical device technologies that enhance the functions of medical devices, including highly sophisticated scanners and technologically complicated implantable products such as the artificial cochlear devices as well as the most basic laboratory equipment. According to estimates, there are over 500,000 medical technologies currently available in about 20,000 generic groups. According to World Health Organization (WHO), there are an estimated 1.5 million different medical devices, in over more than 10 000 types of generic device groups available worldwide. The Global Medical Devices Nomenclature (GMDN) Agency has put classified these into 16 categories of products.
The primary aim of any medical technology is to improve medical care, making it easier to improve the overall health of users or patients. With life spans having increased over the last few decades, the importance of better care and improved quality of life has become paramount.
SCOPE OF THE REPORT
This research report incorporates an in-depth analysis of the medical device technologies market, including market estimations and trends through 2018. Major players, competitive intelligence, innovative technologies, market dynamics and geographic opportunities are discussed in detail in the report. The report also examines recent developments and product portfolios of the major players along with their market shares. Patent analysis in the report focuses on technological trends in recent years in geographies such as the U.S., Europe and Japan. The report presents a market analysis and estimates the compound annual growth rate (CAGR) for medical device
technologies.
The scope of the report extends to only those medical device technologies that generate the most revenue globally. However, we have excluded dental device technologies as some imaging devices used in dentistry overlap with other devices already covered under the imaging device technologies segments.
INTENDED AUDIENCE
Individuals and groups who would benefit from the content of this report include:
- Medical device manufacturers and new entrants.
- Equipment distributors, hospitals and other healthcare service providers.
- Various life sciences companies.
- Research institutes, associations and academicians.
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