The medical devices market was valued at US$ 483,285.8 million in 2019 and is projected to reach US$ 767,684.9 million by 2027; it is expected to grow at a CAGR of 6.1% during 2020-2027.
The growth of the medical device market is mainly attributed to the growing medical device industry, and rising prevalence of chronic disease. However, the challenges in medical device industry like expensive product approvals restrains the growth of the market.
Medical devices are essential for disease prevention, medical diagnosis, as well as for treatment and rehabilitation of medical condition. The global medical device industry witnesses continuous innovations and technological advancements, which in turn drives the growth of healthcare sector worldwide.
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The Major Market Player Included in This Report are:
3. Boston Scientific Corporation
4. Braun Melsungen AG
6. General Electric Company
7. Stryker Corporation
8. Koninklijke Philips N.V.
9. Siemens AG
10. Johnson and Johnson Services, Inc.
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What the report features:-
- Global analysis of Medical Devices Market from 2020 – 2027 illustrating the progression of the market.
- Forecast and analysis of Medical Devices Market by Dosage, Route of Administration and Application from 2020 – 2027.
- Forecast and analysis of Medical Devices Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Medical Devices
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Medical Devices Market, thereby allowing players to develop effective long term strategies.
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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