Medical Equipment Market Size, Opportunities, Key Growth Factors, Revenue Analysis, For 2022–2030

0
11

The global Medical Equipment market size is expected to reach USD 864.49 Billion in 2030 and register a revenue CAGR of 5.5% over the forecast period, according to the latest report by Reports and Data. The development of relatively cheaper diagnostics devices aiming toward reducing the overall medical costs of a patient is driving market revenue growth.

The rising prevalence of chronic diseases, technological advancements in Medical Equipment, and a steady increase in the geriatric populations are factors driving market revenue growth. Around the world, the proportion of people aged 65 and up has risen, as has the length of life expectancy. This is expected to have a big impact on the healthcare system and, as a result, on the global medical device market’s growth. According to the World Ageing Population report, there were around 703 million people aged 65 and up in the world in 2019. Over the next three decades, the number of people aged 65 and up is expected to more than double, reaching 1.5 billion by 2050. As a result of the growing geriatric population, health and long-term care costs are expected to increase substantially. Hearing loss, cataracts, refractive errors, back and neck pain and osteoarthritis, chronic obstructive pulmonary disease, diabetes, depression, and dementia are all common among the elderly. This is expected to boost medical device market revenue growth.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/5089

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

Some Key Highlights From the Report:

  • n 22 January 2021, the FDA approved Abbott’s i-STAT Alinity TBI plasma assay, a quick handheld traumatic brain injury (TBI) blood analyzer device. The device is to assist doctors in assessing people who have mild TBIs, such as concussions. The test is performed using Abbott’s handheld i-STAT Alinity platform, and results are available within 15 minutes of placing plasma in the test cartridge. According to the company, a negative test can be used to rule out the necessity for a head CT scan, while a positive test can be used to supplement CT scans and improve a clinician’s evaluation.
  • The wound management segment revenue is expected to register a steady growth rate over the forecast period due to rising need for advanced wound care management due to increase in burnt and accident victims. Lack of proper wound management carries the risk of increasing a patient’s Disability-Adjusted Life Years (DALY). As the field of biotechnology progresses with introduction of novel wound devices, faster recovery rates, and bioactive therapies along with physiotherapies, modern wound management has the potential to minimize the burden of an injury or damage on a patient’s health. Aforementioned factors are driving this revenue growth of the segment.
  • The dental devices segment revenue is expected to grow at a steady rate over the forecast period. The use of modern technologies in intraoral cameras to record photographs of the smile is an emerging trend of dental devices. Patients can use intraoral imaging to help them decide which cosmetic dental treatments will best improve their smile. As a result, 4D image scanners are being used more frequently to detect jaw motions.
  • The market in Europe accounted for a moderate revenue share in 2021 as a result of the increasing geriatric population in this region. Rising healthcare insurance plans, well-established infrastructure, increased adoption of modern diagnostic and treatment devices, and significant focus on a transition of medical treatment to home care settings and the launch of portable medical equipment by prominent global and domestic players in the region are all factors that are propelling the market revenue growth in this region.

  Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Medical Equipment market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.

Leading companies operating in the market are:

  • Abbott
  • F. Hoffmann-La Roche Ltd
  • Koninklijke Philips N.V.
  • Siemens Healthcare GmbH
  • Stryker Corporation
  • Boston Scientific Corporation
  • Johnson & Johnson Pvt. Ltd
  • Medtronic GmbH
  • Smith & Nephew PLC
  • General Electric Company

The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

  Medical Equipment Market Segmentation:

Type Outlook:

  • Respiratory devices
  • Cardiology devices
  • Orthopedic devices
  • Diagnostic imaging devices
  • Endoscopy devices
  • Ophthalmology devices
  • Wound management
  • In-vitro devices
  • Dental devices
  • Others

End-use Outlook:

  • Clinics
  • Hospitals
  • Others

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

Some essential purposes of the Medical Equipment market research report:

  • Vital Developments: Custom investigation provides critical improvements to the Medical Equipment market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
  • Market Characteristics: The report contains Medical Equipment market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
  • Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Medical Equipment market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Medical Equipment market.
  • Convincingly, the Medical Equipment report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Medical Equipment market.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/5089

Thank you for reading the report. Kindly note that we also offer customized reports according to the client’s requirements. Contact us to know more about the customization feature and our team will provide you with the best-customized report.

Explore More Industry Research by Reports and Data:

Liver Detox Market @ https://www.biospace.com/article/liver-detox-market-demand-is-driven-by-the-growing-prevalence-of-liver-disorders-due-to-alcohol-drug-abuse-and-adulterated-food-consumption/

Enteric Empty Capsules Market @ https://www.biospace.com/article/advancements-in-capsule-delivery-techniques-are-key-driving-factor-in-the-global-enteric-empty-capsules-market-revenue-growth/

Glucose Meter Market @ https://www.biospace.com/article/rise-in-awareness-about-diabetes-preventive-care-is-one-of-the-reasons-expected-to-drive-glucose-meter-market-growth/

Cancer Biomarker Market @ https://www.biospace.com/article/rising-in-investments-from-government-is-expected-to-drive-growth-of-the-cancer-biomarker-market/

  About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Search
Categories
Read More
Other
Huge Customer Base Supporting Tire Pressure Monitoring Systems Market Expansion via 2028
A thorough analysis of current market trends, industry development drivers, and growth restraints...
By Adrena Sharma 2023-05-02 13:06:52 0 12
Other
Natural and Organic Cosmetics Market Size, Strategies and Resources to Grow Your Company, 2027
Overview The global natural and organic cosmetics market is expected to rise at 9.76% CAGR...
By Kriti Deshmukh 2023-03-14 12:27:39 0 18
Other
Polyol Sweeteners Market Emerging Technologies, Growth and Forecast By 2032
In 2022, the Polyol Sweeteners Market had a market value of USD 3.74 billion. It is projected to...
By Jim Nancy 2023-05-30 08:44:28 0 16
Other
Europe Energy Retrofit Systems Market Insights by Growing Trends and Demands Analysis to 2032
Reports and Data's Global Europe Energy Retrofit Systems Market research report is an...
By Shaw Melody 2023-05-04 10:34:54 0 15
Other
Carpet Cleaners Ferndown
Carpet Cleaners Ferndown - Carpet Cleaning Team provides professional carpet cleaning in...
By Cyne Ruler 2023-04-11 05:24:32 0 14