Medical Devices Market
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Global <strong>Medical</strong><br />
<strong>Devices</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2015-2025<br />
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Report Description<br />
<strong>Medical</strong> devices market is the fastest increasing market worldwide due to its extensive<br />
use in hospitals, research and development centers, educational institutes and clinical<br />
laboratories. <strong>Medical</strong> devices market is majorly classified into seven categories including<br />
diagnostic imaging devices, drug delivery devices, molecular diagnostic, surgical devices,<br />
monitoring devices, bioimplants and neurostimulation, and others.<br />
Following are the highlights of the various segments of the medical devices market:<br />
Diagnostic imaging devices are the devices used for diagnosing disease condition.<br />
Diagnostic devices market is further differentiated into:<br />
• Magnetic resonance imaging (MRI)<br />
• Computed Tomography (CT) scan<br />
• X-ray systems<br />
• Ultrasound imaging systems<br />
• Nuclear Imaging Systems (Positron Emisson Tomography (PET), SPECT (Single photon<br />
emission computed tomography))<br />
• Electrocardiography (ECG)<br />
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Report Description<br />
Drug delivery devices are the devices and accessories which are helpful in performing<br />
drug administration. This market consists of:<br />
• Inhaler devices (dry powder inhalers and metered dose inhalers)<br />
• Nebulizers<br />
• Microneedles<br />
• Pre-filled syringes (PFS) (glass PFS and plastic PFS)<br />
• Pen injectors<br />
• Auto injectors<br />
• Needle free injectors<br />
Molecular diagnostic devices are specialized to test nucleic acid or proteins. This category<br />
of medical devices includes:<br />
• Polymerase chain reaction (PCRs)<br />
• Microarrays<br />
Surgical devices are devices majorly used during both invasive and non-invasive surgery<br />
including:<br />
• Handheld instruments (forceps, spatula, dialator)
Report Description<br />
• Guiding devices (guiding catheters and guidewires)<br />
• Auxiliary devices (cannula, staplers, clamp, closure)<br />
• Balloon inflation systems<br />
• Mechanical cutters (trocar, rasp, scissors)<br />
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Monitoring <strong>Devices</strong> are the devices which are used for keeping the record of patient after<br />
the treatment. This category of devices consists of:<br />
• Heart rate monitors (Holter monitors, Event monitors, Implantable loop monitors)<br />
• Blood pressure monitoring system<br />
• Blood Glucose monitors<br />
• Thermometers<br />
• Body mass index analyzers<br />
Bioimplants and neurostimulation market include the devices which are implanted inside<br />
the body for treatment of the disease condition. This segment of market is differentiated<br />
into:
Report Description<br />
• Cardiovascular Implants (pacing devices, stents, structural cardiac implants)<br />
• Spinal implants (thoracolumbar Implants, Intervertebral Spacers, Machined Allograft<br />
Spacers, Cervical Implants)<br />
• Orthopedics and Trauma (reconstructive joint replacements, orthobiologics, trauma<br />
implants)<br />
• Dental implants (plate form and root form dental implants)<br />
• Opthalmic implants (intraocular lens, glaucoma and other lenses)<br />
• Neurostimulator implants (cortical stimulators, deep brain stimulators, sacral nerve<br />
stimulators, spinal stimulators)<br />
• Hearing aids<br />
• Cosmetic implants<br />
Others: This category of medical devices include all the accessories and material which<br />
are helpful in performing medical procedures such as<br />
• Syringes<br />
• Gloves<br />
• <strong>Medical</strong> and surgical sterilizers<br />
• Needles
Report Description<br />
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The medical devices market is showing continuous growth driven by various factors such<br />
as rise in aging population, innovations in medical devices, changing lifestyles and<br />
increasing awareness about the medical conditions and available treatments. Diagnostic<br />
imaging devices segment is the major revenue generating market for medical devices<br />
market due to extensive research and development. Other major revenue segment for<br />
medical devices market is bioimplants and neurostimulation specifically in markets of<br />
North America and Europe due to increasing demand for cosmetic implants and<br />
economic stability in these regions.<br />
North America leads in the medical devices market followed by the Europe majorly<br />
because of aging population. According to the data of Centers for Disease Control and<br />
Prevention (CDS), in 2010 40 million people aged 65 and above in United States<br />
accounting for 13% of the total population and CDC projected that around 20% of the<br />
population in the country would be under this category by 2030. <strong>Market</strong> of Asia-Pacific is<br />
also growing at faster pace for medical devices majorly driven by the growing economies<br />
of Japan, China and India. The key players in the market include Stryker Corporation,<br />
Johnson & Johnson, Philips Healthcare, Siemens Healthcare, GE Healthcare, Toshiba<br />
<strong>Medical</strong> Systems, Boston Scientific Corporation, St. Jude <strong>Medical</strong>, Inc., Biomet, Inc. and<br />
Smith and Nephew. Among all of the above Stryker Corporation and Johnson & Johnson<br />
are currently dominating medical devices markets.
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