Medical Device Market Outlook and Forecasts 2022 – 2030

Medical Device Market Outlook and Forecasts 2022 – 2030

Traditionally focused on preventative care, diagnostics, and urgent care, the connected medical device market is increasingly crossing over into the general health and well-being category. This is especially the case with wearable devices used in the sports and fitness category, which may, for example, double as an apparatus for early detection, such as irregular heartbeat. This is important because an arrhythmia can be indicative of more serious problems developing.

Connected medical devices are increasingly becoming the norm with significant improvements in ICT as a whole, coupled with the evolution of microelectronics, display capabilities, and a fast-growing medical device market. By definition, a connected medical device is one that can communicate information over a distance and/or be controlled remotely as in a telemedicine scenario. Connections may be local (via WiFi, Bluetooth, or some proprietary local or personal area wireless) with long-distance communication via a gateway device (such as a router) or they may connect directly to a Wide Area Network (WAN) via cellular technologies such as LTE or 5G.

In terms of medical device market adoption, there are a few factors that inhibit usage. One of the foremost is concerns over security/privacy at both the end-user as well as the corporate level. This is especially true with connected medical devices, which may be prone to malware and hacking. In terms of security concerns, unwanted access to medical device software and operating systems could potentially render a device non-functioning and/or under the control of an unauthorized user. In terms of privacy issues, client sensitive data is generated continuously within the connected medical device market as equipment communicates device status, measurements, and patient status via wired and/or wireless connections.

Within the medical device market supply chain, there is a need for efficient device tracking in terms of both care of custody for delivery as well as usage for the traditional product and medical device as a service model respectively. This is true for a variety of reasons, but most notably because some equipment within the medical device market is very expensive and prone to damage if mishandled. In addition, medical devices in acute care situations are needed at the moment, rendering any incidence in which a device is lacking, missing, or damaged a potential cause of great harm to a patient.

Accordingly, there is a growing need within the asset tracking market for solutions to support the medical device market. This is inherently possible as part of the connected medical device market as the equipment is by definition capable of communications locally and/or via a WAN to a centralized monitoring center and/or cloud computing system. An increasingly interconnected market, coupled with advanced solutions to protect user privacy and device security, are all factors that we see paving the way for over 25% of developed countries to utilize connected device enabled telemedicine as the primary method of healthcare service delivery by 2030.

This medical device market report evaluates the market for both traditional and connected healthcare devices. Analysis includes medical device market sizing with a wide variety of segmentation including medical device type, solution, location/usage area, medical device function, medical device durability, medical device usage by therapeutic segment, medical device risk classification, manufacture method (traditional or 3D printed), method of medical device delivery or acquisition, medical device operational support model, and medical device connectivity method.

Companies in Report:
• Abbott Laboratories
• Abiomed Inc.
• Accuray Inc.
• Affectiva
• Angiodynamics Inc.
• Atricure Inc.
• Axogen Inc.
• Basehealth
• Baxter International Inc.
• Becton Dickinson
• Bio Rad Laboratories Inc.
• Biodirection
• Biotelemetry Inc.
• Boston Scientific Corp.
• Bruker Corp
• Cantel Medical Corp.
• Cardiac Insight
• Cardiovascular Systems Inc.
• Clinipace
• Conmed Corp.
• Cryolife Inc.
• Danaher Corp
• Dexcom Inc.
• Edwards Lifesciences Corp
• Evena Medical
• Fitbit
• Glaukos Corp.
• Globus Medical Inc Class A
• Heska Corp.
• Hill Rom Holdings Inc.
• Hologic Inc.
• Idexx Laboratories Inc
• Inogen Inc.
• Insulet Corp
• Integer Holdings Corp.
• Integra Lifesciences Holdings Corp
• Intuitive Surgical Inc.
• Irhythm Technologies Inc.
• Lemaitre Vascular Inc.
• Livanova Plc
• Livongo
• Masimo Corp.
• Medtronic Plc
• Memed
• Natus Medical Inc.
• Nevro Corp
• Nuvasive Inc.
• Orthofix Medical Inc.
• Penumbra Inc.
• Pocared Diagnostics
• Qualcomm Life
• Resmed Inc.
• Staar Surgical
• Steris
• Stryker Corp
• Surmodics Inc.
• Tactile Systems Technology Inc
• Tandem Diabetes Care Inc.
• Teleflex Inc.
• Thermo Fisher Scientific Inc.
• Transenterix Inc.
• Varex Imaging Corp.
• Varian Medical Systems Inc.
• Verb Surgical
• Viewray Inc.
• Water Corp.
• Wright Medical Group Nv
• Zimmer Biomet Holdings Inc.


1.0 Executive Summary
2.0 Medical Device Market
2.1 Medical Device Types
2.1.1 Stationary Medical Devices
2.1.2 Portable Medical Devices
2.1.3 Wearable Medical Devices
2.1.4 Implantable Medical Devices
2.2 Medical Device Functions
2.3 Medical Device Durability
2.4 Medical Device Support of Therapeutic Regimens
2.5 Medical Device Classification by Risk Level
2.6 Medical Device Manufacturing Alternatives
2.7 Medical Device Delivery and Acquisition Alternatives
2.8 Medical Device Support Alternatives
3.0 Medical Device Market Dynamics
3.1 Medical Device Market Overview
3.2 Medical Device Market Constraints
3.2.1 Challenges of a Fast-moving Industry
3.2.2 Medical Device Regulation
3.3 Medical Device Market Drivers
3.4 Medical Device Technology Convergence
3.4.1 Connected Health Technologies
3.4.2 AI, IoT, and Data Analytics
4.0 Connected Medical Devices
4.1 Connected vs. Non-connected Medical Devices
4.2 Connected Medical Device Challenges
4.3 Connected Medical Device Opportunities
4.4 Connected Medical Device Enablers
4.5 Connected Health Sports, Wellness, and Medical Devices
4.6 Connected Healthcare Case Study
4.6.1 Medtronic CareLink
4.6.2 Bruin Biometrics’ Connected Medical Technology
4.6.3 Philips HealthSuite Case Study
4.7 Connected Healthcare Drivers
4.7.1 Integration of IT in healthcare sector
4.7.2 Growth of wearable devices
5.0 Leading Medical Device Companies
5.1 Key Strategic Analysis
5.2 ABBOTT LABORATORIES
5.3 ABIOMED INC
5.4 ACCURAY INC
5.5 AFFECTIVA
5.6 ANGIODYNAMICS INC
5.7 ATRICURE INC
5.8 AXOGEN INC
5.9 BASEHEALTH (Genalyte)
5.10 BAXTER INTERNATIONAL INC
5.11 BECTON DICKINSON
5.12 BIODIRECTION
5.13 BIO RAD LABORATORIES INC
5.14 BIOTELEMETRY INC (Philips)
5.15 BOSTON SCIENTIFIC CORP
5.16 BRUKER CORP
5.17 CANTEL MEDICAL CORP (Steris)
5.18 CARDIAC INSIGHT
5.19 CARDIOVASCULAR SYSTEMS INC
5.20 CLINIPACE
5.21 CONMED CORP
5.22 CRYOLIFE INC
5.23 DANAHER CORP
5.24 DEXCOM INC
5.25 EDWARDS LIFESCIENCES CORP
5.26 FITBIT (Google)
5.27 GLAUKOS CORP
5.28 GLOBUS MEDICAL INC CLASS A
5.29 HESKA CORP
5.30 HILL ROM HOLDINGS INC
5.31 HOLOGIC INC
5.32 IDEXX LABORATORIES INC
5.33 INOGEN INC
5.34 INSULET CORP
5.35 INTEGER HOLDINGS CORP
5.36 INTEGRA LIFESCIENCES HOLDINGS CORP
5.37 INTUITIVE SURGICAL INC
5.38 IRHYTHM TECHNOLOGIES INC
5.39 LEMAITRE VASCULAR INC
5.40 LIVANOVA PLC
5.41 LIVONGO (Teladoc)
5.42 MASIMO CORP
5.43 MEDTRONIC PLC
5.44 MEMED
5.45 NATUS MEDICAL INC
5.46 NEVRO CORP
5.47 NUVASIVE INC
5.48 ORTHOFIX MEDICAL INC
5.49 PENUMBRA INC
5.50 POCARED DIAGNOSTICS
5.51 QUALCOMM LIFE
5.52 RESMED INC
5.53 STAAR SURGICAL
5.54 STERIS
5.55 STRYKER CORP
5.56 SURMODICS INC
5.57 TACTILE SYSTEMS TECHNOLOGY INC
5.58 TANDEM DIABETES CARE INC
5.59 TELEFLEX INC
5.60 THERMO FISHER SCIENTIFIC INC
5.61 TRANSENTERIX INC (Asensus Surgical)
5.62 VAREX IMAGING CORP
5.63 VARIAN MEDICAL SYSTEMS INC (Siemens Healthineers)
5.64 VERB SURGICAL (Johnson & Johnson)
5.65 VIEWRAY INC
5.66 WATER CORP
5.67 WRIGHT MEDICAL GROUP NV
5.68 ZIMMER BIOMET HOLDINGS INC
6.0 Medical Device Market Analysis and Forecasts 2022 – 2030
6.1 Global Medical Device Market Outlook
6.2 Medical Device Market by Manufacturing Method 2022 – 2030
6.3 Medical Device Market by Solution 2022 – 2030
6.4 Medical Device Market by Location/ Usage 2022 – 2030
6.5 Medical Device Market by Delivery/Acquisition 2022 – 2030
6.6 Medical Device Market by Risk Classification 2022 – 2030
6.7 Medical Device Market by Key Therapeutic Segment 2022 – 2030
6.8 Medical Device Market by Device Type 2022 – 2030
6.9 Medical Device Market by Revenue Model 2022 – 2030
6.10 Medical Device Market by Support Model 2022 – 2030
6.11 Medical Device Market by Specific Device Function 2022 – 2030
6.12 Medical Device Markets by Durability Type 2022 – 2030
6.13 Non-Durable Medical Device Market by Segment 2022 – 2030
6.14 Medical Device Market by Region 2022 – 2030
6.14.1 North America Medical Device Market 2022 – 2030
6.14.2 South America Medical Device Market 2022 – 2030
6.14.3 Europe Medical Device Market 2022 – 2030
6.14.4 Asia Pacific Medical Device Market 2022 – 2030
6.14.5 Middle East and Africa Medical Device Market 2022 – 2030
7.0 Connected Medical Device Market Analysis and Forecasts 2022 – 2030
7.1 Connected Medical Device Market Drivers
7.1.1 Connected Health and Telemedicine
7.1.1 Wearable Healthcare Devices
7.1.1 Specialized Healthcare Devices
7.2 Global Connected Medical Device Market Outlook
7.3 Connected Medical Device Market by Manufacturing Method 2022 – 2030
7.4 Connected Medical Device Market by Location/ Usage 2022 – 2030
7.5 Connected Medical Device Market by Delivery/Acquisition 2022 – 2030
7.6 Connected Medical Device Market by Risk Classification 2022 – 2030
7.7 Connected Medical Device Market by Industry Sub-sector 2022 – 2030
7.8 Connected Medical Device Market by Key Therapeutic Segments 2022 – 2030
7.9 Connected Medical Device Market by Connectivity Method
7.10 Connected Medical Device Markets by Region 2022 – 2030
7.10.1 North America Connected Medical Device Market 2022 – 2030
7.10.2 South America Connected Medical Device Market 2022 – 2030
7.10.3 Europe Connected Medical Device Market 2022 – 2030
7.10.4 Asia Pacific Connected Medical Device Market 2022 – 2030
7.10.5 Middle East and Africa Connected Medical Device Market 2022 – 2030
Figures
Figure 1: Stationary Medical Devices
Figure 2: Portable Medical Devices
Figure 3: Wearable Device Ecosystem
Figure 4: Wearable vs. Implantable Medical Devices
Figure 5: Smart Pills System as Implantable Medical Device Solution
Figure 6: Emerging 3D Printed Body Related Solutions
Figure 7: Medical Device Acquisition and Usage
Figure 8: Medical Device Support Dynamics
Figure 9: Portable Medical Device Communications
Figure 10: Connected Device Communications
Figure 11: Global Markets for Medical Devices 2022 – 2030
Figure 12: Medical Device Market by Manufacturing Method 2022 – 2030
Figure 13: Medical Device Market by Solution 2022 – 2030
Figure 14: Medical Device Market by Location/ Usage 2022 – 2030
Figure 15: Medical Device Market by Delivery/Acquisition 2022 – 2030
Figure 16: Medical Device Market by Risk Classification 2022 – 2030
Figure 17: Medical Device Market by Therapeutic Segment 2022 – 2030
Figure 18: Medical Device Market by Device Type 2022 – 2030
Figure 19: Medical Device Market by Revenue Model 2022 – 2030
Figure 20: Medical Device Market by Support Model 2022 – 2030
Figure 21: Medical Device Market by Specific Device Function 2022 – 2030
Figure 22: Medical Device Market by Durability Type 2022 – 2030
Figure 23: Non-Durable Medical Device Market by Segment 2022 – 2030
Figure 24: Medical Device Market by Region 2022 – 2030
Figure 25: North America Medical Device Market 2022 – 2030
Figure 26: South America Medical Device Market 2022 – 2030
Figure 27: Europe Medical Device Market 2022 – 2030
Figure 28: Asia Pacific Medical Device Market 2022 – 2030
Figure 29: Middle East and Africa Medical Device Market 2022 – 2030
Figure 30: Global Connected Medical Device Market 2022 – 2030
Figure 31: Connected Medical Device Market by Manufacturing Method 2022 – 2030
Figure 32: Connected Medical Device Market by Location/ Usage 2022 – 2030
Figure 33: Connected Medical Device Market by Delivery/Acquisition 2022 – 2030
Figure 34: Connected Medical Device Market by Risk Classification 2022 – 2030
Figure 35: Connected Medical Device Market by Industry Sub-sector 2022 – 2030
Figure 36: Connected Medical Device Market by Therapeutic Segment 2022 – 2030
Figure 37: Connected Medical Device Market by Connectivity Method 2022 – 2030
Figure 38: Connected Medical Device Market by Region 2022 – 2030
Figure 39: North America Connected Medical Device Market 2022 – 2030
Figure 40: South America Connected Medical Device Market 2022 – 2030
Figure 41: Europe Connected Medical Device Market 2022 – 2030
Figure 42: Asia Pacific Connected Medical Device Market 2022 – 2030
Figure 43: Middle East and Africa Connected Medical Device Market 2022 – 2030
Tables
Table 1: Global Markets for Medical Devices 2022 – 2030
Table 2: Medical Device Market by Manufacturing Method 2022 – 2030
Table 3: Medical Device Market by Solution 2022 – 2030
Table 4: Medical Device Market by Location/ Usage 2022 – 2030
Table 5: Medical Device Market by Delivery/Acquisition 2022 – 2030
Table 6: Medical Device Market by Risk Classification 2022 – 2030
Table 7: Medical Device Market by Therapeutic Segment 2022 – 2030
Table 8: Medical Device Market by Device Type 2022 – 2030
Table 9: Medical Device Market by Revenue Model 2022 – 2030
Table 10: Medical Device Market by Support Model 2022 – 2030
Table 11: Medical Device Market by Specific Device Function 2022 – 2030
Table 12: Medical Device Market by Durability Type 2022 – 2030
Table 13: Non-Durable Medical Device Market by Segment 2022 – 2030
Table 14: Medical Device Market by Region 2022 – 2030
Table 15: North America Medical Device Market 2022 – 2030
Table 16: South America Medical Device Market 2022 – 2030
Table 17: Europe Medical Device Market 2022 – 2030
Table 18: Asia Pacific Medical Device Market 2022 – 2030
Table 19: Middle East and Africa Medical Device Market 2022 – 2030
Table 20: Global Connected Medical Device Market 2022 – 2030
Table 21: Connected Medical Device Market by Manufacturing Method 2022 – 2030
Table 22: Connected Medical Device Market by Location/ Usage 2022 – 2030
Table 23: Connected Medical Device Market by Delivery/Acquisition 2022 – 2030
Table 24: Connected Medical Device Market by Risk Classification 2022 – 2030
Table 25: Connected Medical Device Market by Industry Sub-sector 2022 – 2030
Table 26: Connected Medical Device Market by Therapeutic Segments 2022 – 2030
Table 27: Connected Medical Device Market by Connectivity Method 2022 – 2030
Table 28: Connected Medical Device Market by Region 2022 – 2030
Table 29: North America Connected Medical Device Market 2022 – 2030
Table 30: South America Connected Medical Device Market 2022 – 2030
Table 31: Europe Connected Medical Device Market 2022 – 2030
Table 32: Asia Pacific Connected Medical Device Market 2022 – 2030
Table 33: Middle East and Africa Connected Medical Device Market 2022 – 2030

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