Global Medical Equipment Market Growth (Status and Outlook) 2024-2030

Global Medical Equipment Market Growth (Status and Outlook) 2024-2030

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

The global Medical Equipment market size is projected to grow from US$ 621960 million in 2024 to US$ 853460 million in 2030; it is expected to grow at a CAGR of 5.4% from 2024 to 2030.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Equipment 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 Equipment.

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 22% of the market share.

In terms of product type, In Vitro Diagnostics is the largest segment, with a share of 16%. And in terms of application, Hospital has a share about 82 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Equipment market by product type, application, key players and key regions and countries.

Segmentation by Type:
In Vitro Diagnostics
Cardiology
Diagnostic Imaging
Orthopedics
Other

Segmentation by Application:
Hospital
Consumer

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

Segmentation by Type:
In Vitro Diagnostics
Cardiology
Diagnostic Imaging
Orthopedics
Other

Segmentation by Application:
Hospital
Consumer

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.
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

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