(PharmaNewsWire.Com, May 09, 2017 ) 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.
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.
The Medical Device Technologies Market report offers wide-range of scope: • Regional level analysis that provides an individual perspective of Middle-East and Africa region individually and on a whole • Know more about key areas of industry growth via detailed Segment-level analysis on basis of product type and therapeutic type along with market size forecasts and y-o-y estimations • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics • Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview • 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 • Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: 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, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
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