Medical Equipment Industry Overview
The global medical devices market size is expected to reach over $922.39 billion in 2027 at a CAGR of 7.3%!
Regulatory changes are likely to lead to increased costs relating to new product development and service offerings to clients. These changes are related to customer data protection such as the European Union's General Data Protection Regulation (GDPR), changes to equipment approval procedures, and other regulatory changes. Additionally, the FDA is requesting more clinical data to support claims, therefore increasing the time to process 510(k)s by over 55% over the last decade. The potential loss of revenue due to delays in product release and additional costs incurred due to stringent approval processes puts a strain on investments relating to new product development, thereby affecting the growth of the medical equipment market.
Medical Equipment Market Coverage
The medical devices market consists of sales of medical equipment or devices and related services by entities (organizations, sole traders and partnerships) that manufacture medical equipment or devices used in the diagnosis, treatment and monitoring of medical conditions. The medical equipment market is segmented into in-vitro diagnostics; dental equipment and supplies; ophthalmic devices; diagnostic imaging equipment; cardiovascular devices; hospital supplies; surgical equipment; orthopedic devices; patient monitoring devices; diabetes care devices; nephrology and urology devices; ENT devices; anesthesia and respiratory devices; neurology devices; wound care devices. Only goods and services traded between entities or sold to end consumers are included. The Business Research Company covers 93 markets overall in the medical equipment market providing global market numbers, market growth, market-specific drivers and restraints, trends, and other market specific information. The medical equipment market is segmented in the following manner:
- 1. In-Vitro Diagnostics
The in-vitro diagnostics devices and equipment market consists of sales of in-vitro diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce in-vitro diagnostics equipment. In-vitro diagnostics are tests performed on samples collected from human body such as tissues and blood.- 1.1. Point-of-Care Diagnostics Devices And Equipment
- 1.2. Immunochemistry Diagnostic Devices And Equipment
- 1.4. Clinical Chemistry Diagnostics Devices And Equipment
- 1.5. Molecular Diagnostics Devices And Equipment
- 1.7. Microbiology Diagnostic Devices And Equipment
- 1.8. Hemostasis Diagnostic Devices And Equipment
- 1.9. Hematology Diagnostic Devices And Equipment
- 1.10. Immunohematology Diagnostic Devices And Equipment
- 1.11. Cancer Diagnostics
- 1.12. Biopsy Devices
- 2. Dental Equipment And Supplies
The dental equipment and supplies market consists of sales of dental equipment and related services by entities (organizations, sole traders and partnerships) that produce dental equipment and supplies.- 2.1. Therapeutic Dental Equipment
- 2.2. General Dental Devices And Equipment
- 2.3. Dental Diagnostic Imaging Devices And Equipment
- 2.5. Dental Surgical Devices And Equipment
- 2.6. Dental Implants
- 3. Ophthalmic Devices
The ophthalmic devices market consists of sales of ophthalmic devices and related services by entities (organizations, sole traders and partnerships) that produce ophthalmic devices used in the diagnosis and treatment of eye related diseases.- 3.1. Vision Care Devices And Equipment
- 3.2. Cataract Surgery Devices And Equipment
- 3.3. Refractive Surgery Devices And Equipment
- 3.4. Diagnostic And Monitoring Ophthalmic Devices And Equipment
- 4. Diagnostic Imaging Equipment
- 5. Cardiovascular Devices
- 6. Hospital Supplies
- 7. Surgical Equipment
- 8. Orthopedic Devices
- 9. Patient Monitoring Devices
- 10. Diabetes Care Devices
- 11. Nephrology And Urology Devices
- 12. ENT Devices
- 13. Anesthesia And Respiratory Devices
- 14. Neurology Devices
- 15. Wound Care Devices
- 16. Gastrointestinal Devices
- 17. Medical Lasers
- 18. Drug Delivery Devices
- 19. Oncology Devices
- 20. Wearable Medical Devices
- 21. 3D Printed Medical Devices
- 22. Influenza Diagnostic
- 23. Autoimmune Disease Diagnosis
- 24. Medication Adherence
- 25. Food Testing Kits
- 26. GMO Testing
- 27. Enteral Feeding Devices
How Can We Help?
The Business Research Company`s Medical Equipment Market Research Practice provides marketing, planning and strategy departments with a wider range of market, business, customer and competitor intelligence services across different segments of the medical equipment industry. The medical equipment market research services and solutions The Business Research Company provides are as follows —
- Medical Equipment Market Sizing, Forecast and Trend Analysis
- Medical Equipment Market Competitor Analysis
- Medical Equipment Market Supply Chain Analysis
- Medical Equipment Market Customer Research
- Medical Equipment Market Partner or Distribution Research
- Medical Equipment Market Entry Strategy Research Study
- Medical Equipment Industry Analysis and Profiling
- Medical Equipment Market Regulations
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