Medical Device Market Expected to Grow at a CAGR of 5.21% by 2025

Market dynamics
Factors such as increasing disease prevalence, increasing initiatives and awareness of public and private organizations, along with technological advancements and new product launches will drive the growth of the medical devices market. However, declining reimbursements and cost containment measures could hamper market growth.

Company Profiles
Some of the companies covered in this report are Becton Dickinson and Co., F. Hoffmann La Roche Ltd., Fresenius SE and Co. KGaA, General Electric Co., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corp., Siemens AG and Stryker Corp., etc.

Some companies mentioned with key offers –

  • F. Hoffmann La Roche Ltée –The company offers Accu Check lancing devices, cell-free DNA collection tubes, AVENIO Millisect systems, and more.
  • Fresenius SE et Cie –The company offers products such as 5008S CorDiax, 4008S Classix, multiFiltratePRO, among others.
  • General Electric Company –The company offers systems for MRIs, CT scans, PET scans, ultrasonometers, and more.

Competitive analysis
The report includes Competitive Analysis, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors taken into account for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Market segmentation

  • By product, the market is categorized into therapeutic and surgical devices, PMDMID, and other medical devices.
  • By geography, the market is classified as North America, Asia, Europe, and RANG.

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Scope of the medical device market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 5.21%

Market growth 2021-2025

$ 139.19 billion

Market structure

Fragmented

Annual growth (%)

4.80

Regional analysis

North America, Asia, Europe and ROW

Efficient contribution to the market

North America at 42%

Main consumer countries

United States, Canada, China, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Becton Dickinson and Co., F. Hoffmann La Roche Ltd., Fresenius SE and Co. KGaA, General Electric Co., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corp., Siemens AG and Stryker Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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