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Published bySakshi Bhargava Modified over 5 years ago
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Global Medical Device Market Report 2018-2023: Trends, Forecast and Competitive Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by Application Surgical and infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, and other devices Market Segments by Function Diagnostic and monitoring, therapeutic, surgical and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Medtronic Public Limited Company, Johnson & Johnson, General Electric Company, Siemens AG, and Cardinal Health Inc. and others. Trend Growth Rate and CAGR4.5% Key Industry Forecast The global medical device market is expected to reach an estimated $409.5 billion by 2023, and it is forecast to grow at a CAGR of 4.5% from 2018 to 2023 Key Industry Driver Driver: Growth of this market are healthcare expenditure, technological development, aging population, and chronic diseases. 2
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Industry Overview Market Size The global medical device market is expected to reach an estimated $409.5 billion by 2023, and it is forecast to grow at a CAGR of 4.5% from 2018 to 2023. Emerging trends which have a direct impact on the dynamics of the medical device industry include the changing medical technology landscape, software as a differentiator in medical devices, and design and manufacturing of patient portable and smaller devices. Market Size (2023)$409.5 billion CAGR (2018-23)4.5% 3 Industry Performance : Forecast
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