Global Medical Device & Accessories Market Growth 2023-2029

Global Medical Device & Accessories Market Growth 2023-2029

A medical device 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.

LPI (LP Information)' newest research report, the “Medical Device & Accessories Industry Forecast” looks at past sales and reviews total world Medical Device & Accessories sales in 2022, providing a comprehensive analysis by region and market sector of projected Medical Device & Accessories sales for 2023 through 2029. With Medical Device & Accessories sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Device & Accessories industry.

This Insight Report provides a comprehensive analysis of the global Medical Device & Accessories landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medical Device & Accessories portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Medical Device & Accessories market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Device & Accessories and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Device & Accessories.

The global Medical Device & Accessories market size is projected to grow from US$ 95840 million in 2022 to US$ 124750 million in 2029; it is expected to grow at a CAGR of 124750 from 2023 to 2029.

Medical devices vary according to their intended use and indications. Examples range from simple devices such as tongue depressors, medical thermometers, and disposable gloves to advanced devices such as computers which assist in the conduct of medical testing, implants, and prostheses. Items as intricate as housings for cochlear implants are manufactured through the deep drawn and shallow drawn manufacturing processes. The design of medical devices constitutes a major segment of the field of biomedical engineering.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Device & Accessories market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Medical Device
Medical Accessories

Segmentation by application
Hospital
Clincs
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott
Medtronic
Koninklijke Philips N.V.
SAMSUNG
BD
Johnson & Johnson Services, Inc.
Stryker
GENERAL ELECTRIC COMPANY
Siemens Healthcare GmbH
Danaher
Boston Scientific Corporation
Baxter
3M
Cook
Merit Medical Systems
Thermo Fisher Scientific, Inc.
Smith+Nephew
B. Braun
Cardinal Health
Mindray

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medical Device & Accessories market?

What factors are driving Medical Device & Accessories market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Medical Device & Accessories market opportunities vary by end market size?

How does Medical Device & Accessories break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.