Medical Device Technologies Market Growth, Market Insights and Forecast to 2025Posted by rekha on November 29th, 2019 “The Global Medical Device Technologies Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR of 8.1% over next seven years 2019-2025 due to rise in incidences of chronic diseases” The global medical device technologies market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors fueling the market growth include technological advancements in medical devices, rapidly increasing aging population, innovations in the technologies coupled with increasing investments in research and development, growing focus of key players on emerging countries and increasing investments from government bodies. However, lack of reimbursement policies and high cost of medical devices are restricting the market growth. Global medical device e market growth include technologies market segmented on the basis of devices, application, end user and region. For Request Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=17178 Neurostimulators dominate the Global Medical Device Technologies Market Based on devices, global medical device technologies market is segmented into Neurostimulators, Insulin pumps, Passive implants, Orthopaedic implants, Cochlear implants, Pacemakers, Cardiac devices, Kidney devices, Endoscopy devices, Diagnostic and imaging devices and Others. Neurostimulators held considerable market growth during estimated period. Neurostimulators have been used to treat and release symptoms for neurological disorders, with pain, dystonia, epilepsy, tremor, Parkinson’s disease, tinnitus, stroke, incontinence, gastroparesis (GP), and obesity. Trials and experiments now are led using neurostimulation for depression, obsessive-compulsive disorder, amyotrophic lateral sclerosis, Huntington’s disease, and irritable bowel syndrome, etc. Neurostimulation has also been used for artificial retina, cochlea, and limbs to restore vision, hearing functions, or control prosthetic arms, respectively. North America Leads the Global Medical Device Technologies market PBI’s global medical device technologies market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.North America accounted for larger revenue share in global medical device technologies market with considerable CAGR. The growth in this region is due to higher investment into product innovation and constant improvement of existing technologies. Improved healthcare infrastructure and presence of a large number of leading market players are the other factors responsible for market growth. Also, Asia Pacific held substantial market growth during estimated period owing to rapid growth in geriatric population, improving healthcare infrastructure, increasing population in countries like China and India, growing per capita income and rising focus of key market players on this region.
Strategic Approvals are the Key Strategies Adopted by Market Players Global medical device technologies market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In 2016, Abbott Laboratories received European CE mark for the FreeStyle Libre Flash glucose monitoring system to treat diabetes in children and teens. Key player’s profiles in the report are Becton, Dickinson and Company (U.S), Abbott Laboratories, Inc. (U.S), bioMerieux, Inc. (France), Biomerica, Inc.(the USA), Novartis AG(Switzerland), Olympus Corporation (Japan), Johnson & Johnson Diagnostics, Inc. (the USA), Qiagen N.V. (Germany), Siemens AG (Germany), and Thermo Fischer Scientific, Inc. (the USA). Precision Business Insights (PBI) in its report titled “Global Medical Device Technologies Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market. Detailed Segmentation
By Devices o Neurostimulators o Insulin pumps o Passive implants o Orthopaedic implants o Cochlear implants o Pacemakers o Cardiac devices o Kidney devices o Endoscopy devices o Diagnostic and imaging devices o Others
By Application o Disease diagnosis o Identification o Prevention o Imaging
By End User o Diagnostic centres o Multi-speciality hospitals o Ambulatory surgical centres o Research centres By Geography o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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