US Medical Devices Market Outlook to 2027
The report provides a comprehensive analysis of the potential of US Medical Device The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The report has market segmentation which include segments by type of segment & by End-User. The report includes Porter’s five force analysis, growth enablers, recent trends & developments, pain points & solutions. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview
According to Ken Research estimates, the US Medical Devices Market which grew at a robust CAGR from 2017-2022 & is forecasted to grow steadily from 2022-2027 driven by rising technological implementation, cosmetic procedure market impacting the trends & increasing chronic lifestyle diseases.
Key Trends by Market Segment
By Segment: In-Vitro diagnostics is expected to register a higher CAGR in the upcoming years owing to increasing uptake of real time diagnostic tests for precise diagnosis of chronic & infectious diseases such as diabetes & cancer.
By End-Users: The Hospitals & ASC held a dominating share in 2022 due to increasing number of multi-speciality hospitals.
Competitive Landscape:
The US Medical Device market is fragmented with players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the US Medical Device market for its products, services, and continuous product developments are the basis of flexibility and price, brand recognition, quality, and the overall variety of the product offering among others.
Future Outlook:
The USA Medical Device Market witnessed significant growth during the period 2017-2022, owing to increase in lifestyle diseases, technological implementation & increasing surgery procedures.Growth rate of the market is going to increase over the period as market penetration rates increase.
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- 1. Executive Summary
- 1.1 How is US Medical Device Market Positioned Globally?
- 2. US Medical Device Overview
- 2.1 US Medical Device Management Overview
- 2.2 Ecosystem of US Medical Device Market
- 2.3 Business Cycle of US Medical Device Management
- 2.4 Business Model in US Medical Device
- 2.5 Timeline of Major Players US Medical Device
- 2.6 Recent collaborations in US Medical Device
- 3. US Medical Device Segmentation, 2022
- 3.1 US Medical Device Size, 2017-2022
- 3.2 US Medical Device Segmentation based on the type of segment, 2022
- 3.3 US Medical Device Segmentation based on the type of end user, 2022
- 4. End User Analysis of US Medical Device Market
- 4.1 End-to-end process in US Medical Device Market
- 4.2 Decision Making Parameters for farmers in US Medical Device Market
- 5. Industry Analysis of US Medical Device Market
- 5.1 Porter’s Five Forces Analysis on US Medical Device Market
- 5.3 Growth Enablers in US Medical Device Market
- 5.4 Bottlenecks and Challenges in the US Medical Device Market
- 5.5 Trends and Developments in US Medical Device Market
- 5.6 SWOT Analysis of US Medical Device Market
- 5.7Overview of how the COVID-19 Pandemic impacted the US Medical Device Market
- 6. Competition Framework for US Medical Device Market
- 6.1 Competitive Landscape in US Medical Device Market
- 6.2 Market shares for Major Players present in US Medical Device Market
- 6.3 Cross Comparison of Major Players in US Medical Device Market
- 6.4 Business Strategies of Major Players in US Medical Device Market
- 7. Future Outlook and Projections of the Market, 2022-2027
- 7.1 US Medical Device Size Future Outlook, 2022-2027
- 7.2 US Medical Device Segmentation based on the type of segment, 2027
- 7.3 US Medical Device Segmentation based on the type of end user 2027
- 7.4 Upcoming Technologies in US Medical Device Market
- 8. Market Opportunity and Analyst Recommendations
- 8.1 Recommendation for US Medical Device Players- Operational Strategies
- 8.2 Recommendation for US Medical Device Players- Marketing Strategies
- 9. Research Methodology
- 9.1 Market Definitions
- 9.2 Abbreviations Used
- 9.3 Market Sizing Approach
- 9.4 Consolidated Research Approach
- 9.5 Understanding Market Potential through In-Depth Industry Interviews
- 9.6 Research Limitations
- 9.7 Future Conclusion
- Disclaimer
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