Report Highlights
The global market for medical device technologies is valued at $639.1 billion in 2021 and is estimated to grow from $676.0 billion in 2022 to $953.4 billion in 2027 with a compound annual growth rate (CAGR)of 7.1% for the period of 2022-2027.
Report Includes
- 48 data tables and 69 additional tables.
- An up-to-date overview and analysis of the global markets for medical device technologies
- Analyses of the global market trends, with historic sales data for 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current state and future market potential of medical device technologies, along with a detailed analysis of the competitive environment
- Estimation of the actual market size for medical device technologies, market forecast and corresponding market share analysis by device type and region
- Identification of the key growth driving factors and constraints that will shape the market for medical device technologies as the basis for projecting demand over the next five years (2022-2027)
- Discussion of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on drug delivery devices, urology and renal devices, in vitro diagnostic devices, orthopedic and spine devices, imaging devices, cardiovascular devices, and endoscopy devices
- Highlights of the COVID-19 impact on the medical device technologies market, with pandemic implications on the demand and supply of medical devices, pricing analysis, and govt. strategic decisions to boost the marketplace
- Assessment of the company competitive landscape comprising key market participants, their global market share analysis, product portfolio and recent market developments
- Review of patents issued for medical device technologies across each major category, and emerging developments in the global market
- Descriptive company profiles of the leading global players, including Bayer, 3M, Danaher and Smith & Nephew.
Report Scope
This report incorporates an in-depth analysis of the medical device technology market, including market estimations and trends through 2020. Major players, competitive intelligence, innovative technologies, market dynamics and regional opportunities are discussed in detail. The report examines recent developments and product portfolios of major players. The patent analysis focuses on technological trends in recent years in regions 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 global revenue. Dental device technologies and some imaging devices used in dentistry overlap with other devices that are already covered under the imaging device technologies segments, so these have been excluded.
This report segments the global market by these geographic regions: North America, Europe, Asia-Pacific and the Rest of the World region. For market estimates, data is provided for 2020 as the base year, 2021 and forecast through year-end 2027.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||||||||||||
| Base year market size | $639 billion | ||||||||||||||||||||||||||
| Market size forecast | $953.4 billion | ||||||||||||||||||||||||||
| Growth rate | CAGR of 7.1% from 2022 to 2027 | ||||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||||
| Segments covered | Segment | ||||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Spain, Italy, Rest of Europe, Japan, China, India, Rest of APAC, Middle East, Africa and South America | ||||||||||||||||||||||||||
| Companies studied |
|
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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The global market for medical device technologies should grow from $605.7 billion in 2020 to $796.9 billion by 2025 with a compound annual growth rate (CAGR) of 5.6% for the period of 2020-2025.
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The global market for medical devices technologies reached nearly $521.2 billion in 2017 and should reach $674.5 billion by 2022, at a compound annual growth rate (CAGR) of 5.3% for the period of 2017-2022.
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The global market for medical device technologies reached $458.3 billion in 2015. The market should reach $483.5 billion in 2016 and $634.5 billion by 2021, growing at a compound annual growth rate (CAGR) of 5.6% from 2016 to 2021.
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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.
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