- Neurostimulators
- Insulin pumps
- Passive implants
- Orthopaedic implants
- Cochlear implants
- Pacemakers
- Cardiac devices
- Kidney devices
- Endoscopy devices
- Diagnostic and imaging devices
- Others
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.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
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 |