(Health-NewsWire.Net, February 23, 2018 ) MarketResearchFuture.com adds “Medical Device & Accessories Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
The intense need for in-depth understanding of the "Medical Device & Accessories Market -Forecast to 2023″ coupled with its high growth potential necessitated the development of this report by Market Research Future. The report specifically focuses on the key industry development trends and forces that shapes the market, but not limited to only commercial nature, but which encompasses a broad range such as social, technological and others. Furthermore, the global medical device & accessories market is expected to grow at a CAGR of 6.53% during the forecast period 2017-2023.
Regional Analysis: The global medical devices and accessories market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas account for the major share of this market owing to the presence of the leading market players, increasing awareness for healthcare and high healthcare expenditure. People in this region are more health conscious that leads to an increase in the healthcare spending.
Europe accounts for the second largest market, which is followed by Asia Pacific. Europe consists of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market which is majorly contributed by Germany, U.K., and France. Moreover, major driving factors for the market in this region are increasing the prevalence of chronic diseases, strong government support, and well-developed technology.
Asia Pacific is the fastest growing market. Increasing need for better treatment, rapidly improving technology in the healthcare industry, rising aging population and the presence of huge opportunity pool drives the growth of this market in Asia Pacific region. According to the ESCAP Statistical Database, in 2016, approximately 12.4% of the population in Asia Pacific region was over 60 years.
On the other hand, The Middle East & Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in the African region. The market is segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and Rest of the Middle East & Africa. In the Middle East & Africa, the healthcare spending has increased during last few years owing to increasing awareness about development in the healthcare sector.
Major Players: Some of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Stryker Corporation (U.S.), Koninklijke philips n.v (the Netherlands), General Electric Company (U.S.), Siemens AG (U.S.), Danaher Corporation (U.S.).
Key Findings: - The global medical device & accessories market is estimated to USD 79,879 million in 2016. - Coronary pressure monitors are the fastest growing segment, which is projected to grow at a CAGR of 6.65% during the forecast period, 2017-2023. - The Americas region captured the largest market globally and is expected to USD 47,887 million by 2023. - Asia Pacific is the fastest growing region across the globe and is expected to grow at a CAGR of 7.12% during the forecast period.
Market Highlights: Medical device & accessories are products, intended to support, supplement or augment the performance of one or more parent devices. These devices are used for diagnosis, monitoring, and treatment of different diseases. Now a day, most of the companies are involved in mergers, acquisitions, and collateral activities to introduce better and effective treatment procedures. In this regards, Koninklijke Philips N.V, in June 2017, acquired CardioProlific Inc. which is a U.S.-based, privately-held company that develops catheter-based thrombectomy approaches to treat peripheral vascular disease. Also in October 2015, Medtronic acquired the Coronary & Structural Heart division of Twelve, Inc. These mergers and acquisitions help them to develop pipeline and network of their product around the globe. Whereas few companies are continuously involved in research and development to introduce advanced products, such as in January 2017, Stryker Corporation launched Altrix, a next-generation precision temperature management system. Also in April 2016, Medtronic launched new endoscopic ablation catheter for Barrett's Esophagus.
The global medical device & accessories market is expected to grow at a CAGR of 6.53% during the forecast period, 2017-2023.
Taste the market data and market information presented through more than 89 market data tables and figures spread over 87 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “medical device & accessories market research report–Global forecast till 2023.”
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Segmentation: The global medical device & accessories market is segmented on the basis of the types of devices. On the basis the types of devices, it is segmented into cardiovascular application, coronary pressure monitors, catheters, therapeutic medical guide, dental implant, cochlear implant, global nerve stimulator market, global diabetes monitors market, and global suture needles market. Furthermore, the cardiovascular application segment is sub-segmented into cardiac monitors, cardiac pacemaker, cardiac defibrillators, and others. The coronary pressure monitor segment is sub-segmented into sphygmomanometer, automated blood pressure monitor, BP transducers, ambulatory blood pressure monitor, and instruments & accessories. The catheter segment is sub-segmented into cardiovascular catheters, specialty catheters, intravenous catheters, urinary catheters, neurological catheters. The therapeutic medical guidewire segment is sub-segmented into solid guidewire and wrapped guidewire. The ner
BRIEF TOC: CHAPTER 1. REPORT PROLOGUE
CHAPTER 2. MARKET INTRODUCTION 2.1 Definition 12 2.2 Scope Of Study 12 2.3 Research Objective 12 2.4 Assumptions & Limitations 13 2.4.1 Assumptions 13 2.4.2 Limitations 13 2.5 Market Structure 14
CHAPTER 3. RESEARCH METHODOLOGY 3.1 Primary Research Methodology 16 3.2 Secondary Research Methodology 17 3.3 Market Share Analysis 17 3.4 Market Pricing Approach 18
CHAPTER 4. MARKET DYNAMICS 4.1 Introduction 19 4.2 Drivers 20 4.2.1 Increasing Prevalence Of Chronic Diseases 20 4.2.2 Rising Economic Growth 21 4.2.3 Increasing Geriatric Population 22 4.2.4 Increasing Use Of Non-Invasive Devices 23 4.3 Restraints 24 4.3.1 Stringent Government Regulation 24 4.3.2 Lack Of Research And Development In Underdeveloped Region 25 4.4 Trends 26 4.5 Opportunity 26
CHAPTER 5. MARKET FACTOR ANALYSIS 5.1 Value Chain Analysis 27 5.1.1 R&D And Designing 27 5.1.2 Manufacturing 28 5.1.3 Distribution & Sales 28 5.1.4 Post-Sales Review 28 5.2 Porter’s Five Forces Model 29 5.2.1 Bargaining Power Of Suppliers 30 5.2.2 Bargaining Power Of Buyers 30 5.2.3 Threat Of New Entrants 30 5.2.4 Threat Of Substitutes 31 5.2.5 Intensity Of Rivalry 31 5.3 Pricing Analysis 31 5.4 Macroeconomic Indicators 32
…CONTINUED
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