The Global Market for Medical Devices, 10th Edition (45 Specific Device Markets and 50 Country Markets Forecasted to 2024)


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The Global Market for Medical Devices, 10th Edition (45 Specific Device Markets and 50 Country Markets Forecasted to 2024)

The Global Market for Medical Devices, 10th edition, provides a comprehensive view of the medical device market and opportunity for medical device manufacturers, competitors, and investors. The report examines the companies in the market, the types of devices sold across the global market, and the country markets they are sold in. As part of its coverage, this report contains market sizing and forecasts for the world medical device market and the medical device markets of 50 countries, providing the following market data:

  • Global Medical Device Market, 2016-2024
  • Global Markets for Specific Medical Devices, 2019-2024
  • Top 20 Country Device Markets, 2019-2024
  • Countries 21-50: Country Device Markets, 2019-2024
  • Medical Device Spending as a Percentage of Total Health Spending, by Country, 2019 Estimates (United States, Canada, Germany, France, Italy, United Kingdom, Spain, Turkey, Poland, Romania, Sweden, Switzerland, Netherlands, Greece, Hungary, Russia, Bulgaria, Croatia, Czech. Rep., Serbia, Ukraine, Lithuania, Slovakia, Slovenia, South Africa, Saudi Arabia, Egypt, Israel, Iran, Iraq, UAE, Japan, China, Australia, Vietnam, S. Korea, Malaysia, India, Indonesia, Singapore, Brazil, Mexico, Chile, Argentina, Venezuela)
Specific Device Markets

While there are hundreds of types of products that can be classified as medical devices, a few specific categories and products make up the bulk of the market. The report examines specific medical device markets, describing trends and major medical device companies in many fields. The report addresses device category segment markets, providing the size of the global market for specific device markets in 2019 and also an estimated market for 2024, including these segments:
  • 3D Printing Equipment, Materials and Software
  • Anesthesia Monitors
  • Blood Collection
  • Blood Gas Analyzers
  • Blood Pressure Monitors
  • Cannual Respiratory
  • Catheters
  • Computed Tomography
  • Continuous Glucose Monitors
  • Coronary Stents
  • Cosmetic Surgery Implants
  • CPAP Machines
  • Defibrillators
  • Dental Equipment/Devices (excluding x-ray)
  • Dental Implants/Components
  • Dental X-ray
  • Dialysis Equipment & Supplies
  • EKG/ECG Machines
  • Electrosurgical Devices
  • Endoscopes (excluding gastro)
  • Gastric Banding/Bariatric
  • Gastro Endoscopes
  • Glucose Monitors (excluding CGM)
  • Hip Implants
  • Hypodermic Syringe
  • Infusion Pumps
  • Intraocular Lenses
  • Knee Implants
  • Medical Beds
  • Minimally Invasive Surgical Instruments
  • MRI
  • Neurostimulation
  • Ostomy Care Devices
  • Oxygen Therapy Equip.
  • Pacemakers
  • Personal Protective Equipment (gloves, masks, gowns)
  • Spine Implants
  • Sport, Extremity and Trauma
  • Sterilization/Disinfection Equipment
  • Stethoscopes
  • Surgical Guidance Devices
  • Surgical Robots
  • Sutures, Staples, Staplers
  • Traditional Surgical Instruments (scalpels, forceps, retractors, scissors)
  • Ultrasound
  • Vascular Closure Devices
  • Wheelchairs
  • Wound Care, Advanced
  • X-Ray (excluding dental)
Medical Device Country Markets

Global Market for Medical Devices features market sizing by country and includes the following 50 country markets:
  • United States
  • Germany
  • Japan
  • China
  • France
  • United Kingdom
  • Italy
  • Spain
  • Brazil
  • Canada
  • India
  • Netherlands
  • Australia
  • Russia
  • Switzerland
  • Taiwan
  • Mexico
  • S. Korea
  • Sweden
  • Turkey
  • Poland
  • New Zealand
  • Saudi Arabia
  • Singapore
  • Egypt
  • Malaysia
  • Thailand
  • Philippines
  • Indonesia
  • Argentina
  • Greece
  • Chile
  • Romania
  • South Africa
  • Israel
  • Bangladesh
  • Vietnam
  • Czech Republic
  • Slovakia
  • Hungary
  • UAE
  • Iran
  • Venezuela
  • Croatia
  • Slovenia
  • Ukraine
  • Lithuania
  • Bulgaria
  • Iraq
  • Serbia
Bellwether Companies

Global Market for Medical Devices looks at 15 companies in the industry that are large, global and representative of different categories of medical devices. The companies' performance provides insight into the performance of the global device market and reveals trends in geographic sales distribution and research and development spending. The report provides details related to the performance of these companies in 2018 and 2019. The following manufacturers comprise Kalorama’s index of “bellwether companies”:
  • Abbott Laboratories
  • B. Braun
  • Baxter
  • Becton Dickinson
  • Boston Scientific
  • Cardinal Health
  • Danaher Corp.
  • GE Healthcare
  • Johnson & Johnson
  • Medtronic
  • Philips
  • Roche
  • Siemens Healthineers
  • Stryker Corp.
  • Zimmer Biomet
Company Profiles of Other Major Market Participants

The report provides profiles not only of the top 15 market companies based on revenues and diversity of medical devices produced, but also of other major manufacturers in the market, including:
  • 3M Health Care
  • Access Scientific, LLC
  • Acelity L.P. Inc.
  • Advanced Bionics AG
  • Alcon, Inc.
  • Angiodynamics
  • Arjo AB
  • Arthrex, Inc.
  • Asahi Kasei Corporation
  • BSN medical GmbH - Essity
  • Canon Medical Systems
  • Coloplast A/S
  • CONMED Corporation
  • ConvaTec
  • Cook Medical
  • Cooper Surgical, Inc.
  • Dentsply-Sirona
  • Drägerwerk AG & Co. KGaA
  • Drive DeVilbiss Healthcare
  • Edwards Lifesciences Corp.
  • Essilor Luxottica S.A.
  • Fisher & Paykel Healthcare Limited
  • Fresenius SE & Co. KGaA
  • GF Health Products Inc.
  • Haemonetics
  • Hill-Rom
  • Hollister Incorporated
  • Invacare Corporation
  • IRadimed Corporation
  • Masimo Corporation
  • Mindray Bio-Medical Electronics Co., Ltd.
  • Mölnlycke Health Care AB
  • Nova Biomedical
  • Olympus Corporation
  • Paul Hartmann AG
  • PerkinElmer, Inc
  • ResMed
  • Smith & Nephew plc.
  • Teleflex Inc
  • Terumo Corporation
  • Varian Medical Systems, Inc.
  • Vyaire Medical
Mergers and Acquisitions

Medical device leaders look to acquisitions to boost growth, gain share and take advantage of buying opportunities. In 2015 and early 2016, key market players were active in mergers and acquisitions. During 2017 M&A activity remained strong, though there was a slowing down of deals in 2018. So far in 2019, it looks like a moderate year for M&A, comparatively, with the bulk of activity in the pending stage. The report includes a table that contains a select listing of the mergers and acquisitions that occurred in the medical device market in 2015, 2016, 2017, 2018 and the first three quarters of 2019.

The Global Market for Medical Devices, 10th edition, also surveys regulatory practices across the world, looks at the status of the hospital industry, and notes key market drivers and limiters.

For the purposes of this report, the definition of a medical device is a broad one. A medical device is a product that is used in treatment, diagnosis or injury repair in a patient that does not achieve its effect through chemical action or metabolism in the human body. Most importantly, these are devices that are regulated. Because of the broad definition, estimates of medical device markets vary, as any item from a nuclear camera or catheter to a latex glove can be considered a medical device. In consideration of the fragmentation of this market, several reports vary on the definition, scope and methodology in calculating the total medical device market. In this report, medical devices include those that are used to treat, diagnose or monitor a condition. Excluded are areas of medical IT, which because of the complex nature of these markets have been reviewed separately by Kalorama Information in other reports, such as EMR 2019: The Market for Electronic Medical Records. Also excluded are services associated with many devices including laboratory service fees and patient monitoring services.


  • Executive Summary
    • Overview
    • Size and Growth of the Market
      • Table Global Medical Device Market, 2016-2024
    • Top Companies
    • Mergers and Acquisitions
    • Scope and Methodology
    • Conclusions
  • Introduction
    • Overview
      • Table Summary: Global Atlas of Medical Devices, 2017 Update
    • Regulation in the United States
      • Classification of Medical Devices
        • Table Medical Device Reclassifications, 2013-2018 (Report February 14, 2019)
        • Table FDA Devices Cleared in 2018/2019 (August 2018 - August 2019), 510(k) Clearances by Month
        • Table FDA Devices Cleared in 2018/2019 (August 2018 - August 2019), 510(k) Clearances by Review Panel
        • Table FDA 510(k) Premarket Notifications by Bellwether Company and Year (January 2017 - August 2019)
    • Regulation in Europe
      • European Union
        • Table EU Medical Device Classification Rules
        • Table EU Medical Device Directives by Device Type
        • Table EU Competent Authorities
        • Table EEA Competent Authorities
    • Regulation in Japan
    • Regulation in China
      • Table China's Medical Device Classification Guide: Passive Devices
      • Table China's Medical Device Classification Guide: Active Devices
    • Regulation in Canada
    • Regulation in Brazil
    • World Health Care Trends
    • Unique Device Identifier (UDI)
  • Mergers and Acquisitions
    • Introduction
    • Selected Significant Device Industry Mergers and Acquisitions
      • Table Top 10 Highest Valued Medical Device M&A Deals (2015-2019 YTD)
      • Medtronic Acquires Covidien and Other Companies
      • Abbott: Acquisitions, Divestures and the Alere Deal
      • BD Acquires CareFusion; Following with C.R. Bard
      • Pfizer and the $17 Billion Hospira Acquisition
      • Zimmer Finalizes Biomet Acquisition
      • Cardinal Health Strengthens Position in Medical Device Market with Medtronic Asset Acquisition
      • Canon Medical Increases Imaging Portfolio with Toshiba Medical Systems Acquisition
      • Dentsply-Sirona Merger
      • Johnson & Johnson and Abbott Medical Optics: Combined #2 in Vision Care Industry; LifeScan Divesture
      • Thermo Fisher Scientific Completes Major Deals in 2016
      • Danaher and Cepheid: Expanding Access to Molecular Diagnostic Technologies
      • Tornier and Wright Medical Merger Finalized
      • Stryker Corporation Active in M&A
      • Hill-Rom Completes Acquisition of Welch Allyn
      • PerkinElmer and EUROIMMUN Medical Laboratory Diagnostics AG
      • Siemens Healthineers and Epocal Inc (Alere subsidiary)
      • Integra LifeSciences and Codman Neurosurgery from Johnson & Johnson
      • Fresenius Medical Care and NxStage Medical
        • Table Mergers and Acquisitions in the Medical Device Market - Valued at $100 Million or More, 2015- 2019 YTD
        • Table Medical Device M&A Combined Value by Year (2015-2019 YTD)
      • Pending: AbbVie and Allergan - A $63 Billion Deal
      • Pending: Genomic Health and Exact Sciences
      • Pending: Siemens Healthineers and Corindus Vascular Robotics
      • Pending: Stryker Corp. and Mobius Imaging
  • Specific Device Markets
    • Table Global Markets for Specific Medical Devices, 2019-2024 ($ Billions)
    • Blood Collection Supplies
    • Catheters
    • CPAP Devices
    • Critical Care Analysis - Blood Gas Analyzers
    • Defibrillators
      • Table Defibrillation Device Sales, Distribution by Type, 2019 (%)
    • Dialysis Equipment & Supplies
      • Table Patient Distribution, Hemodialysis vs. Peritoneal Dialysis, 2019 (%)
    • Endoscopes
    • Gastric Banding and Bariatric Devices
    • Hip Implants
    • Infusion Pumps
    • Intraocular Lens Devices
    • Knee Implants
      • Posterior-Stabilized Knee Implants
      • Cruciate-Retaining Knee Implants
      • Unicompartmental Knee Implants
    • Medical Beds
    • Minimally Invasive Surgery (MIS)
    • MRI
    • Nasal Cannulae
    • Ostomy Products
    • Pacemakers
      • Table Pacemaker Device Sales, Distribution by Type, 2019 (%)
    • Patient Monitoring
    • Personal Protective Equipment
      • Medical Gloves
    • Stents
    • Ultrasound
    • Wheelchairs
    • Wound Care Devices, Advanced Technologies
    • X-Ray and Digital X-Ray
      • Table X-Ray Equipment Sales, Distribution by Type, 2019 (%)
  • Bellwether Companies
    • Overview
    • Revenue Performance - 15 Bellwether Companies
      • Table Revenue Performance, Bellwether Companies, 2018 vs. 2019 (US billions)
    • US Versus International Sales
      • Table Percent of Sales from US, 2018 and 2019
    • Investment in Research and Development
      • Table Research and Development Spending, Bellwether Companies, 2018 and Estimated 2019 (US billions)
      • Table Research and Development Spending as a Percentage of Revenues, Bellwether Companies, 2018 and Estimated 2019
  • Market Analysis
    • Market Drivers
      • Aging Population
        • Table Global Population Trends, Total Population vs. Age 65+ Population, 2000-2050
      • Increase in Chronic Disease
        • Table Global Prevalence of Disease, 2000, 2015 and Projected 2030
        • Table Mortality: Chronic vs. Acute, 2015
    • Market Constraints
      • Pressure on Prices
        • Table Medical Device Spending as a Percentage of Total Health Spending, by Country, 2019 Estimates
      • Group Purchasing Organization
      • Value Analysis Committees
    • State of the US Hospital Market
      • Table Major U.S. Hospital Chain 2015-2018 Results: Revenue (less doubtful accounts), Net Income, Salaries, Supply Spending
    • Medical Device Market Size and Growth
      • Table Medical Device Market, 2016-2024
    • Market by Region
      • Table Medical Device Market Distribution by Region, 2019 (Northern America, EMEA, Asia Pacific, Latin America)
    • Market by Country: Top 20
      • Table Top 20 Country Device Markets, 2019-2024 ($ billions)
      • Table Medical Device Ranking by Top 20 Countries, 2016, 2019, 2024
      • United States Medical Device Market
        • Table US Medical Device Market Indicators
      • Germany Medical Device Market
        • Table Germany Medical Device Market Indicators
      • Japan Medical Device Market
        • Table Japan Medical Device Market Indicators
      • China Medical Device Market
        • Table China Medical Device Market Indicators
      • France Medical Device Market
        • Table France Medical Device Market Indicators
      • United Kingdom Medical Device Market
        • Table United Kingdom Medical Device Market Indicators
      • Italy Medical Device Market
        • Table Italy Medical Device Market Indicators
      • Spain Medical Device Market
        • Table Spain Medical Device Market Indicators
      • Brazil Medical Device Market
        • Table Brazil Medical Device Market Indicators
      • Canada Medical Device Market
        • Table Canada Medical Device Market Indicators
      • India Medical Device Market
        • Table India Medical Device Market Indicators
      • The Netherlands Medical Device Market
        • Table The Netherlands Medical Device Market Indicators
      • Australia Medical Device Market
        • Table Australia Medical Device Market Indicators
      • Russia Medical Device Market
        • Table Russia Medical Device Market Indicators
      • Switzerland Medical Device Market
        • Table Switzerland Medical Device Market Indicators
      • Taiwan Medical Device Market
        • Table Taiwan Medical Device Market Indicators
      • Mexico Medical Device Market
        • Table Mexico Medical Device Market Indicators
      • South Korea Medical Device Market
        • Table South Korea Medical Device Market Indicators
      • Sweden Medical Device Market
        • Table Sweden Medical Device Market Indicators
      • Turkey Medical Device Market
        • Table Turkey Medical Device Market Indicators
    • Second Tier: Market by Country
      • Table Countries 21-50: Country Device Markets, 2019-2024 ($ billions)
  • Company Profiles: Bellwether
    • Medtronic
      • Table Medtronic Corporate Summary
      • Company Overview
      • Products Highlights
      • Company Financials
        • Table Medtronic Financial Review, Fiscal 2017-2019 ($billions)
    • Johnson & Johnson
      • Table Johnson & Johnson Corporate Summary
      • Company Overview
      • Product Overview
      • Company Financials
        • Table Johnson & Johnson Financial Review 2017-2019 ($ billions)
    • Abbott Laboratories
      • Table Abbott Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Abbott Financial Review, 2017-2019 ($billions)
    • Cardinal Health
      • Table Cardinal Health Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Cardinal Health Financial Review, 2017-2019 ($ billions)
    • Siemens Healthineers
      • Table Siemens Healthineers Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Siemens Healthineers Financial Review, 2017-2019 ($ billions)
    • Stryker Corporation
      • Table Stryker Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Stryker Corporation Financial Review, 2017-2019 ($ billions)
    • Becton Dickinson and Co. (BD)
      • Table Becton Dickinson Corporate Summary
      • Company Overview
      • Mergers and Acquisitions
      • Products
      • Company Financials
        • Table Becton Dickinson Financial Review, 2017-2019 ($ billions)
    • Roche
      • Table Roche Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Roche Financial Review, 2017-2019 ($billions)
    • Philips
      • Table Royal Philips Corporate Summary
      • Company Overview
      • Mergers & Acquisitions
      • Products
      • Company Financials
        • Table Philips Financial Review, 2017-2019 ($billions)
    • GE Healthcare
      • Table GE Healthcare Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table GE Healthcare Financial Review, 2017-2019 ($ billions)
    • Boston Scientific Corp.
      • Table Boston Scientific Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Boston Scientific Financial Review, 2017-2019 ($billions)
    • Danaher Corp.
      • Table Danaher Corporate Summary
      • Company Overview
      • Company Financials
        • Table Danaher Financial Review, 2017-2019 ($billions)
    • Zimmer Biomet Holdings, Inc.
      • Table Zimmer Biomet Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Zimmer Biomet Financial Review, 2017-2019 ($ billions)
    • B. Braun Melsungen AG
      • Table B. Braun Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table B. Braun Financial Review, 2017-2019 ($ billions)
    • Baxter International, Inc.
      • Table Baxter Corporate Summary
      • Company Overview
      • Products
      • Company Financials
        • Table Baxter Financial Review, 2017-2019 ($ billions)
  • Company Profiles: Other Market Participants
    • 3M Health Care
      • Table 3M Corporate Summary
      • Company Overview
    • Access Scientific, LLC
      • Table Access Scientific Corporate Summary
      • Company Overview
    • Acelity L.P. Inc.
      • Table Acelity Corporate Summary
      • Company Overview
    • Advanced Bionics AG
      • Table Advanced Bionics Corporate Summary
      • Company Overview
    • Alcon, Inc.
      • Table Alcon Corporate Summary
      • Company Summary
    • Angiodynamics
      • Table Angiodynamics Corporate Summary
      • Company Overview
    • Arjo AB
      • Table Arjo Corporate Summary
      • Company Overview
    • Arthrex, Inc.
      • Table Arthrex Corporate Summary
      • Company Overview
    • Asahi Kasei Corporation
      • Table Asahi Kasei Corporate Summary
      • Company Overview
    • BSN medical GmbH - Essity
      • Table BSN medical Corporate Summary
      • Company Overview
    • Canon Medical Systems
      • Table Canon Medical Corporate Summary
      • Company Summary
    • Coloplast A/S
      • Table Coloplast Corporate Summary
      • Company Overview
    • CONMED Corporation
      • Table CONMED Corporate Summary
      • Company Overview
    • ConvaTec
      • Table ConvaTec Corporate Summary
      • Company Overview
      • Products
    • Cook Medical
      • Table Cook Medical Corporate Summary
      • Company Overview
    • Cooper Surgical, Inc.
      • Table Cooper Surgical Corporate Summary
      • Company Overview
    • Dentsply-Sirona
      • Table Dentsply Sirona Corporate Summary
      • Company Overview
    • Drägerwerk AG & Co. KGaA
      • Table Drägerwerk Corporate Summary
      • Company Overview
    • Drive DeVilbiss Healthcare
      • Table Drive DeVilbiss Corporate Summary
      • Company Overview
    • Edwards Lifesciences Corp.
      • Table Edwards Lifesciences Corporate Summary
      • Company Overview
    • Essilor Luxottica S.A.
      • Table Essilor Luxottica Corporate Summary
      • Company Summary
    • Fisher & Paykel Healthcare Limited
      • Table Fisher & Paykel Corporate Summary
      • Company Overview
    • Fresenius SE & Co. KGaA
      • Table Fresenius Corporate Summary
      • Company Overview
    • GF Health Products Inc.
      • Table GF Health Products Corporate Summary
      • Company Overview
    • Haemonetics
      • Table Haemonetics Corporate Summary
      • Company Overview
    • Hill-Rom
      • Table Hill-Rom Corporate Summary
      • Company Overview
    • Hollister Incorporated
      • Table Hollister Inc. Corporate Summary
      • Company Overview
    • Invacare Corporation
      • Table Invacare Corporate Summary
      • Company Overview
    • IRadimed Corporation
      • Table IRadimed Corporate Summary
      • Company Overview
    • Masimo Corporation
      • Table Masimo Corporate Summary
      • Company Overview
    • Mindray Bio-Medical Electronics Co., Ltd.
      • Table Mindray Corporate Summary
      • Company Overview
    • Mölnlycke Health Care AB
      • Table Mölnlycke Corporate Summary
      • Company Overview
    • Nova Biomedical
      • Table Nova Biomedical Corporate Summary
      • Company Overview
    • Olympus Corporation
      • Table Olympus Corporate Summary
      • Company Overview
      • Products
    • Paul Hartmann AG
      • Table Paul Hartmann Corporate Summary
      • Company Overview
    • PerkinElmer, Inc
      • Table PerkinElmer Corporate Summary
      • Company Overview
    • ResMed
      • Table ResMed Corporate Summary
      • Company Overview
    • Smith & Nephew plc.
      • Table Smith & Nephew Corporate Summary
      • Company Overview
      • Acquisitions
      • Products
    • Teleflex Inc
      • Table Teleflex Corporate Summary
      • Company Overview
      • Products
    • Terumo Corporation
      • Table Terumo Corporate Summary
      • Company Overview
    • Varian Medical Systems, Inc.
      • Table Varian Medical Corporate Summary
      • Company Overview
      • Products
    • Vyaire Medical
      • Table Vyaire Medical Corporate Summary
      • Company Overview

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