Global Medical Equipment Supply, Demand and Key Producers, 2023-2029

Global Medical Equipment Supply, Demand and Key Producers, 2023-2029

The global Medical Equipment market size is expected to reach $ 832370 million by 2029, rising at a market growth of 5.0% CAGR during the forecast period (2023-2029).

The key service providers of Medical Equipment in the world are Medtronic, Johnson&Johnson, GE Healthcare, Abbott, Siemens Healthcare, Philips Health, Stryker, and Becton Dickinson, among which the top five manufacturers hold over 20% of the market share, and currently Medtronic is the largest manufacturer. The provision of global medical equipment services is mainly distributed in North America, Europe, and China, among which the top three production regions hold over 80% of the market share, with North America being the largest production region. In terms of its service types, the growth rate of cardiology is relatively fast, but the market share of in vitro diagnostics is the highest, close to 20%, followed by cardiology, diagnostic imaging, and orthopedics. In terms of its application, hospitals are the largest application field, with a market share of over 80%, followed by the consumer sector.

A medical equipment is any apparatus, appliance, software, material, or other article—whether used alone or in combination, including the software intended by its manufacturer to be used specifically for diagnostic and/or therapeutic purposes and necessary for its proper application—intended by the manufacturer to be used for human beings for the purpose of:



Diagnosis, prevention, monitoring, treatment, or alleviation of disease;

Diagnosis, monitoring, treatment, alleviation, or compensation for an injury or handicap;

Investigation, replacement, or modification of the anatomy or of a physiological process;

Control of conception; and which does not achieve its principal intended action in or on the human body by pharmacological, immunological, or metabolic means, but which may be assisted in its function by such means

This report studies the global Medical Equipment demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Medical Equipment, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Medical Equipment that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Medical Equipment total market, 2018-2029, (USD Million)

Global Medical Equipment total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Medical Equipment total market, key domestic companies and share, (USD Million)

Global Medical Equipment revenue by player and market share 2018-2023, (USD Million)

Global Medical Equipment total market by Type, CAGR, 2018-2029, (USD Million)

Global Medical Equipment total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Medical Equipment market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Medtronic, Johnson& Johnson, GE Healthcare, Abbott, Siemens Healthineers, Philips Health, Stryker, Becton Dickinson and Boston Scientific, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Medical Equipment market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Medical Equipment Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Medical Equipment Market, Segmentation by Type
In Vitro Diagnostics
Cardiology
Diagnostic Imaging
Orthopedics
Others

Global Medical Equipment Market, Segmentation by Application
Hospital
Consumer

Companies Profiled:
Medtronic
Johnson& Johnson
GE Healthcare
Abbott
Siemens Healthineers
Philips Health
Stryker
Becton Dickinson
Boston Scientific
Danaher
Zimmer Biomet
Alcon
B. Braun
Olympus
Terumo
Baxter
Smith & Nephew
Dentsply Sirona
Roche
Getinge
Edwards Lifesciences
Mindray
Shimadzu
Fujifilm
Hamilton Medical
Draeger
ResMed
Vyaire Medical

Key Questions Answered

1. How big is the global Medical Equipment market?

2. What is the demand of the global Medical Equipment market?

3. What is the year over year growth of the global Medical Equipment market?

4. What is the total value of the global Medical Equipment market?

5. Who are the major players in the global Medical Equipment market?

6. What are the growth factors driving the market demand?