Health and Living

Medical Device Technology market to reach USD 634.5 billion by 2021 at a CAGR of 5.6%


According to the report "Global Medical Device Technologies market", published by Market Data Forecast, the global market is projected to reach USD 634.5 billion by 2021, at a CAGR of 5.6% from 2016 to 2021.

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The Global Mobile Health's market was worth USD 485.63 billion and is expected to reach USD 634.5 billion by 2021 at a CAGR of 5.6 %. Medical devices are instrument, implant or apparatus used to diagnose or treat a medical condition. Technologies which are used in medical devices are called Medical Device Technology.

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 Medical device technology market’s main driving factor is innovation. Advancement in technology lead to the development of new devices which provide higher level of sophistication and superiority to the market. Because of rising incidences of chronic diseases need for these devices is increasing. Opportunities for this market is increasing in developing world because of increase in health consciousness, increase in expenditure on healthcare and large population.

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Global Medical device technology market is segmented based on product type and end user. Based on product type, Medical device technology is segmented in to Electro Medical Equipment, Irradiation Apparatus, Dental Equipment and Supplies, cardiology devices, in vitro diagnostics (IVD) devices, kidney/dialysis devices, diagnostic imaging devices, ophthalmology devices, orthopedic devices, endoscopy devices, diabetes care devices, anesthesia & respiratory care devices, and wound management devices. Based on end user, Medical device technology is segmented in to Clinics and Hospitals, Medical Device Industries and Research and pharmaceutical industries.

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Major key players in Global Medical device technologies are Abbott Laboratories, Inc., Becton, Dickinson and Company, GE Healthcare, Novartis Diagnostics, bioMerieux, Inc., Biomerica, Inc., Johnson and Johnson Diagnostics, Inc., Olympus Corporation, Qiagen N.V., Siemens AG, Thermo Fischer Scientific, Inc., and Zenith Healthcare Ltd.


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Scope of the Report:

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market



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Market Data Forecast

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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.