The Business Research Company adds a report “Medical Devices Market By Type Of Product (Cardiovascular Devices, In-Vitro Diagnostics, Diagnostic Imaging Equipment, Orthopedic Devices, Ophthalmic Devices, Hospital Supplies, Diabetes Care Devices, Patient Monitoring Devices, Nephrology And Urology Devices, Anesthesia And Respiratory Devices, Surgical Equipment, Wound Care Devices, Dental Equipment And Supplies, ENT Devices And Neurology Devices), Trends And Market Size – Global Forecast To 2022” under its medical equipment category. The report covers market characteristics, key players, market size and trends from 2014 to 2022.
The medical equipment market in this report is segmented into in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology and urology devices, patient monitoring devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, anesthesia and respiratory devices and neurology devices
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The medical devices market size is expected to grow at a growth rate of around 5% to nearly $522 billion by 2022.
Growth in the medical devices market in the historic period resulted from rapid growth in elderly population, strong economic growth in emerging markets and declining oil prices. Factors that negatively affected growth in the historic period were government regulations and skilled workforces’ shortages.
Going forward, faster economic growth, advances in technology and busy and sedentary lifestyle risks will drive growth. Rise in interest rates could hinder the growth of the medical devices industry in the future.
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The medical devices market is segmented by type of product
By Type of Product- The Medical Devices market can be segmented by type of product into cardiovascular devices, in-vitro diagnostics, diagnostic imaging equipment, orthopedic devices, ophthalmic devices, hospital supplies, diabetes care devices, patient monitoring devices, nephrology and urology devices, anesthesia and respiratory devices, surgical equipment, wound care devices, dental equipment and supplies, ENT devices and neurology devices.The cardiovascular devices market was the largest segment of the medical devices market in 2018 at around 15%. The patient monitoring devices market is expected to be the fastest-growing segment.
One of the medical devices market trends is that the use of medical devices for the home-based diagnosis and treatment of medical conditions is increasing. Technological developments in devices such as glucose monitors, insulin delivery devices, nebulizers and oxygen concentrators have enabled diagnosis and monitoring of many diseases at home.
Few Points from Table of Contents:
4. Medical Devices Market Regional And Country Analysis
14.1. Global Medical Devices Market, 2018, By Region
14.2. Global Medical Devices Market, 2014 – 2022, Historic and Forecast, By Region
14.3. Medical Devices Market, 2018, By Country
14.4. Medical Devices Market, 2014 – 2022, Historic and Forecast, By Country
15. Medical Devices Market Segmentation
15.1. In-Vitro Diagnostics
15.1.1. In-Vitro Diagnostics Market Characteristics
15.1.2. In-Vitro Diagnostics Market Trends And Strategies
15.1.3.Global In-Vitro Diagnostics Market, Sub-segmentation, 2014-2022, Value ($ Billion)
15.1.4. Global In-Vitro Diagnostics Market, Historic And Forecast, 2014-2022,Split By Sub-segment
15.2. Cardiovascular Devices
15.2.1. Cardiovascular Devices Market Characteristics
15.2.2. Cardiovascular Devices Market Trends And Strategies
15.2.3. Global Cardiovascular Devices Market, Sub-segmentation, 2014-2022, Value ($ Billion)
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