(PharmaNewsWire.Com, June 14, 2017 ) According to the report " Global Medical Devices Technology 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.
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.
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.
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.
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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