Current Report 2021 Studies COVID-19 impact on Medical Devices Market and Other Factors till 2027

Medical Devices Market

A new report by Astute Analytica studies the Global Medical Devices Market during the forecast period from 2021-2027 and provides a detailed overview of the sector. The Global Medical Devices market was worth $412.4 billion in 2020. During the analysis period of 2021-2027, the market is anticipated to grow at a compound annual growth rate (CAGR) of 6.3%.

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This study on the Global Medical Devices Market thoroughly examines the market’s upcoming trends and industrial dynamics. The Medical Devices Market research also includes analytical information such as market size, major trends, and key market players, and other growth prospects. This analysis report on the global medical devices market throws light on the data obtained from diverse sources, accompanied by the tools and techniques of SWOT analysis.

The purpose of a study report is to provide relevant information to the readers and helping them make business decisions. The broad documentation offers a variety of business insight and consulting services to assist clients in making future decisions and achieving long-term market success.

Key market trends such as technological advancement and competitor outlook are all mentioned in this analysis. Apart from that, the introduction of new technology and data on emerging trends is also added in the report. Five key forces that can influence the competitive environment include the introduction of new entrants in the industry, regional analysis, COVID-19 impact, availability of better substitute products/services, growing competitors, and their strategies.

The study would make it easier for new market players to assess the sector’s potential and funding plans in the upcoming years. The report also looks at the goods, trends, and opportunities that may influence this market over the next several years.

Impact Analysis of COVID-19 on the Medical Devices market

The COVID-19 virus was found in December and has already spread to practically every country. It has been labeled a public health emergency by the World Health Organization. The COVID-19 infection already has a significant impact on the market, and this will continue beyond 2021. More than 40 nations have declared states of emergency as a result of the COVID-19 epidemic.

The COVID-19 breakout since December 2019 has affected various nations. The business sector suffered heavy losses due to the decline in workers, lockdown, travel restrictions, and lack of raw materials. The impact of COVID-19 on the global Medical Devices market is discussed in the report. It contains a summarized discussion of initial impact, current situation, future impact, and expected recovery options.

Regional Outlook: The Medical Devices Market

The Medical Devices market evaluates the growth of the market on the basis of regions. It explores factors like economic growth, social issues, technological developments, regional revenue, etc., of the top impacting regions.

The market covers the following regions: North America, Europe, Asia Pacific, South America, the Middle East and Africa.

Scope of the Medical Devices Market Report

By Product

  • Diagnostic Devices
    • Electrodiagnostic Devices
      • Ultrasound Systems
      • Magnetic Resonance Imaging (MRI)
      • Electrocardiographs
      • Scintigraphy Apparatus
      • Other Electrodiagnostic Devices
    • Radiation Devices
      • CT Scanners
      • Other Medical X-ray Apparatus
    • Imaging Parts & Accessories
      • Contrast Media
      • X-ray Tubes
      • Medical X-ray Film
      • Other Imaging Parts & Accessories
  • Consumables
    • Syringes, Needles & Catheters
      • Syringes (with/without needles)
      • Tubular Metal Needles/Needles for Sutures
      • Others
    • Bandages & Dressings
      • Adhesive Medical Dressings
      • Non-adhesive Medical Dressing
    • Suturing Materials
    • Other Consumables
      • Surgical Gloves
      • Ostomy Products
      • Blood-Grouping Reagents
      • First-aid Boxes & Kits
  • Patient Aids
    • Portable Aids
      • Hearing Aids
      • Pacemakers
    • Therapeutic Applications
      • Therapeutic Respiration Devices
      • Mechano-Therapy Devices
    • Others (Endoscope, Defibrillators, CRT Devices, etc.)
    • Orthopedics and Prosthetics
      • Fixation Devices
      • Artificial Joints
      • Other Artificial Body Parts
        • Dental Products
          • Dental Instruments and Supplies
            • Dental Instruments
            • Dental Cements
            • Teeth and Other Fittings
          • Dental Care Equipment
            • Dental Drills
            • Dental Chairs
            • Dental X-Rays
        • Patient Monitoring Devices
  • Other Medical Device Categories
    • Ophthalmic Instruments
    • Hospital Furniture
    • Wheelchairs
    • Medical & Surgical Sterilizers
    • Ultra-violet or Infra-Red Ray Apparatus
    • Other Instruments & Appliances

By Application

  • Oncology
  • Cardiology
  • Orthopedics
  • Ophthalmic
  • Respiratory
  • Urology & Gynecology
  • General & Plastic Surgery
  • Dental
  • Diabetic Care
  • Wound Management
  • Nephrology
  • General Hospital and Healthcare
  • Ear, Nose, and Throat
  • Others

By End-User

  • Hospitals & Surgical Centers
  • Clinics
  • Household
  • Other End Users

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Key Players: The Medical Devices Market

The report also describes the working strategies and development of the prominent companies. This study also discusses the strategies of the players to outgrow the market competitors.

The global medical devices market report covers major market players:

3M Co., Abbott Laboratories, Allergan Inc., Baxter International Inc., Bayer, Becton Dickinson and Co., Boston Scientific Corp., Cardinal Health Inc., Covidien plc, Cryolife Inc., Danaher,   Depuy Synthes, Endologix, Inc., Essilor International SA, Fresenius Medical Care AG & Co. KGAA,  GE Healthcare,  Getinge Ab,  Johnson and Johnson,  Koninklijke Philips NV, Medtronic Inc., Novartis AG, Olympus Corp.,  Roche Diagnostics, Siemens Healthcare, Smith & Nephew PLC, Smiths Medical, St. Jude Medical Inc., Stryker Corp. Terumo Corp.,   Thermo Fisher Scientific, and Zimmer Holdings Inc.

Table of Contents

Chapter 1: Research Framework.

Chapter 2: Research Methodology

Chapter 3: Executive Summary (Medical Devices Market)

Chapter 4: Medical Devices Market Overview

TOC to be continued:

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SOURCE Astute Analytica