Medical Device Technologies Market: By Devices (Neurostimulators, Insulin pumps, Passive implants, Orthopaedic implants, Cochlear implants, Pacemakers, Cardiac devices, Kidney devices, Endoscopy devices, Diagnostic and imaging devices, Others), By Application (Disease Diagnosis, Identification, Prevention, Imaging), By End User (Diagnostic centres, Multi-speciality hospitals, Ambulatory surgical centre, Research centres) and Geography  

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Medical Device Technologies Market size was valued at USD 558.4 million in 2022 and is expected to reach USD 757.4 million by 2029, at a CAGR of 5.4% from 2023-2029. An article, instrument, apparatus, or machine that is used in the prevention, diagnosis, or treatment of illness or disease, or for detecting, measuring, restoring, correcting, or modifying the structure or function of the body for some health purpose is known as a medical device. Typically, the purpose of a medical device is not achieved by pharmacological, immunological, or metabolic means. Medical devices require maintenance, calibration, user training, decommissioning, and repair which are predominantly handled by the clinical engineers. Medical devices are used for certain purposes of treatment, rehabilitation, and diagnosis of diseases or injuries and may be used alone or in association with any other accessories, consumables, or other medical equipment. The medical device technologies market is expected to show significant growth during the foreseen period due to huge unmet needs in the healthcare sector. Currently, many clinics and hospitals are positioning automatic processes to diminish errors and also to achieve fast and accurate data analysis. Medical device companies are spending huge amounts of investments for quality product development and to enhance their product portfolio by developing respiratory products, medical imaging devices, orthopedic implants, vascular drug-eluting stents microelectronics, bio-materials, etc.

Global Medical Device Technologies Market Summary

Study Period

2023-29

Base Year

2022

CAGR

5.4%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Medical Device Technologies Market Dynamics

Increase in advanced technologies, rise and prevalence of chronic diseases such as cardiovascular diseases, cancer, and COPD are expected to create demand for medical device technologies market. Rise in an ageing population, a high need of preventive health care, a rise in awareness about health concerns and changes in lifestyles of people are few factors which are expected to propel the growth of global medical devices technologies market. However, stringent government regulations, increased taxes on the products, increase in technology piracy incidence rate, a rise in the cost of devices and services are restraints of the market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Medical Device Technologies Market Segmentation

By Device
  • Neurostimulators
  • Insulin pumps
  • Passive implants
  • Orthopaedic implants
  • Cochlear implants
  • Pacemakers
  • Cardiac devices
  • Kidney devices
  • Endoscopy devices
  • Diagnostic and imaging devices
  • Others
By Application
  • Disease diagnosis
  • Identification
  • Prevention
  • Imaging
By End User
  • Diagnostic centres
  • Multi-speciality hospitals
  • Ambulatory surgical centres
  • Research centres

Frequently Asked Questions

The medical device technologies market size was valued at USD 558.4 million in 2022

The medical device technologies market key players are: Becton, Dickinson, and Company (U.S.) Abbott Laboratories, Inc. (U.S) bioMerieux, Inc. (France) Biomerica, Inc.(USA) Novartis AG(Switzerland) Olympus Corporation (Japan) Johnson & Johnson Diagnostics, Inc. (USA) Qiagen N.V. (Germany) Siemens AG (Germany) Thermo Fischer Scientific, Inc. (U.S.)

The medical device technologies market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary
2. Global Medical Device Technologies Market Introduction 
2.1.Global Medical Device Technologies Market  - Taxonomy
2.2.Global Medical Device Technologies Market  - Definitions
2.2.1.Device
2.2.2.Application
2.2.3.End Users
2.2.4.Region
3. Global Medical Device Technologies Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Medical Device Technologies Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Medical Device Technologies Market  By Device, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Neurostimulators
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Insulin pumps
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Passive implants
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Orthopaedic implants
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Cochlear implants
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Pacemakers
5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Cardiac devices
5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
5.8. Kidney devices
5.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.8.3. Market Opportunity Analysis 
5.9. Endoscopy devices
5.9.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.9.3. Market Opportunity Analysis 
5.10. Diagnostic and imaging devices
5.10.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.10.3. Market Opportunity Analysis 
5.11. Others
5.11.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.11.3. Market Opportunity Analysis 
6. Global Medical Device Technologies Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Disease diagnosis
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Identification
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Prevention
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Imaging
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7. Global Medical Device Technologies Market  By End Users, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Diagnostic centres
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Multi-speciality hospitals
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Ambulatory surgical centres
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Research centres
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8. Global Medical Device Technologies Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Medical Device Technologies Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Device Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Neurostimulators
9.1.2.Insulin pumps
9.1.3.Passive implants
9.1.4.Orthopaedic implants
9.1.5.Cochlear implants
9.1.6.Pacemakers
9.1.7.Cardiac devices
9.1.8.Kidney devices
9.1.9.Endoscopy devices
9.1.10.Diagnostic and imaging devices
9.1.11.Others
9.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Disease diagnosis
9.2.2.Identification
9.2.3.Prevention
9.2.4.Imaging
9.3.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Diagnostic centres
9.3.2.Multi-speciality hospitals
9.3.3.Ambulatory surgical centres
9.3.4.Research centres
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Medical Device Technologies Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Device Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Neurostimulators
10.1.2.Insulin pumps
10.1.3.Passive implants
10.1.4.Orthopaedic implants
10.1.5.Cochlear implants
10.1.6.Pacemakers
10.1.7.Cardiac devices
10.1.8.Kidney devices
10.1.9.Endoscopy devices
10.1.10.Diagnostic and imaging devices
10.1.11.Others
10.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Disease diagnosis
10.2.2.Identification
10.2.3.Prevention
10.2.4.Imaging
10.3.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Diagnostic centres
10.3.2.Multi-speciality hospitals
10.3.3.Ambulatory surgical centres
10.3.4.Research centres
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Medical Device Technologies Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Device Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Neurostimulators
11.1.2.Insulin pumps
11.1.3.Passive implants
11.1.4.Orthopaedic implants
11.1.5.Cochlear implants
11.1.6.Pacemakers
11.1.7.Cardiac devices
11.1.8.Kidney devices
11.1.9.Endoscopy devices
11.1.10.Diagnostic and imaging devices
11.1.11.Others
11.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Disease diagnosis
11.2.2.Identification
11.2.3.Prevention
11.2.4.Imaging
11.3.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Diagnostic centres
11.3.2.Multi-speciality hospitals
11.3.3.Ambulatory surgical centres
11.3.4.Research centres
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Medical Device Technologies Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Device Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Neurostimulators
12.1.2.Insulin pumps
12.1.3.Passive implants
12.1.4.Orthopaedic implants
12.1.5.Cochlear implants
12.1.6.Pacemakers
12.1.7.Cardiac devices
12.1.8.Kidney devices
12.1.9.Endoscopy devices
12.1.10.Diagnostic and imaging devices
12.1.11.Others
12.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Disease diagnosis
12.2.2.Identification
12.2.3.Prevention
12.2.4.Imaging
12.3.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Diagnostic centres
12.3.2.Multi-speciality hospitals
12.3.3.Ambulatory surgical centres
12.3.4.Research centres
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Medical Device Technologies Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Device Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Neurostimulators
13.1.2.Insulin pumps
13.1.3.Passive implants
13.1.4.Orthopaedic implants
13.1.5.Cochlear implants
13.1.6.Pacemakers
13.1.7.Cardiac devices
13.1.8.Kidney devices
13.1.9.Endoscopy devices
13.1.10.Diagnostic and imaging devices
13.1.11.Others
13.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Disease diagnosis
13.2.2.Identification
13.2.3.Prevention
13.2.4.Imaging
13.3.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Diagnostic centres
13.3.2.Multi-speciality hospitals
13.3.3.Ambulatory surgical centres
13.3.4.Research centres
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Becton, Dickinson and Company (U.S)
14.2.2.Abbott Laboratories, Inc. (U.S)
14.2.3.bioMerieux, Inc. (France)
14.2.4.Biomerica, Inc.(USA)
14.2.5.Novartis AG(Switzerland)
14.2.6.Olympus Corporation (Japan)
14.2.7.Johnson & Johnson Diagnostics, Inc. (USA)
14.2.8.Qiagen N.V. (Geramany)
14.2.9.Siemens AG (Germany)
14.2.10.Thermo Fischer Scientific, Inc. (U.S.)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Becton, Dickinson and Company (U.S)
  • Abbott Laboratories, Inc. (U.S)
  • bioMerieux, Inc. (France)
  • Biomerica, Inc.(USA)
  • Novartis AG(Switzerland)
  • Olympus Corporation (Japan)
  • Johnson & Johnson Diagnostics, Inc. (USA)
  • Qiagen N.V. (Geramany)
  • Siemens AG (Germany)
  • Thermo Fischer Scientific, Inc. (U.S.)