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Global Medical Devices Market By Application (Surgical , Infection Control Devices And General Medical Devices), By Function (Diagnostic, Monitoring And Therapeutic) - Global Outlook Analysis and Industry Forecast, 2018-2023.

 Healthcare and Pharmaceuticals

Report Overview

Global Medical Devices Market was valued at USD 509.64 Billion in the year 2017. Global Medical Devices Market is further estimated to grow at a CAGR of 5.23% from 2017 to reach USD 692 Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population.

Cardinal Health Inc. (U.S), Medtronic plc (U.S), Stryker Corporation (U.S). Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.



            Increasing number of aging population

            Growing incidence of chronic conditions


            High cost for medical devices


            Advancement in technology

            Growth in research funding


            Inadequate regulatory compliance

The Global Medical Devices Market is segmented as By Application, Function, and Region. The Application Type is segmented surgical and Infection Control Devices, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices and other Devices in which the orthopedic devices segment contributes to the highest market share due to rising trend of knee replacement surgeries especially by older people.

The Application segment is divided Surgical and Infection Control Devices, General Medical Devices, Cardiovascular Devices, Orthopedic Devices, Home Healthcare Devices and other Devices in which the surgical and infection control segment contributes to the highest market share. Among all, it is expected that the surgical and infection control segment will be growing at a moderate CAGR of XXX % in the assessment period. 

Key Benefits for Stakeholders

Medical Devices System manufacturers, suppliers, and distributors

Research institutes

Physicians and surgeons

Healthcare service providers and clinical research organizations

By Application

Surgical and Infection Control Devices

General Medical Devices

Cardiovascular Devices

Orthopedic Devices

Home Healthcare Devices

Other Devices

By Function

Diagnostic and Monitoring




By Region

North America




Key Market Players

Medtronic plc

Johnson & Johnson 

Cardinal Health Inc.

Stryker Corporation 

General Electric Company

Becton Dickinson and Company

Koninklijke Philips N.V.

Siemens AG

Boston Scientific Corporation

GE Healthcare

(A brief overview of 10 companies is also provided)


Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3.      To avoid bias, we filter the collected data collected from authenticated sources.
  4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6.      Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.10. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Medical Devices Market, By Application

6.1 Surgical and Infection Control Devices

6.2 General Medical Devices

6.3 Cardiovascular Devices

6.4 Orthopedic Devices

6.5 Home Healthcare Devices

6.6 Other Devices

7. Medical Devices Market, By Function

7.1 Diagnostic and Monitoring

7.2 Therapeutic

7.3 Surgical

7.4 Other

8. Geographical Analysis

8.1. Introduction

8.2. North America

       10.2.1. U.S.

       10.2.2. Canada

       10.2.3. Mexico

8.3. Europe

       8.3.1. U.K.

       8.3.2. Germany

       8.3.3. Italy

       8.3.4. France

       8.3.5. RoE

8.4. Asia Pacific

       8.4.1. South Korea

       8.4.2. China

       8.4.3. Japan

       8.4.4. India

       8.4.5. RoAPAC

8.5. RoW

       8.5.1. Latin America

       8.5.2. Middle East and Africa

 9. Company Profiles

(Business Overview, Financial Overview, Product write up, Recent Developments)

9.1 Medtronic Public Limited Company

9.2 Johnson & Johnson 

9.3 Cardinal Health Inc.

9.4 Stryker Corporation

9.5 General Electric Company

9.6 Becton Dickinson and Company

9.7 Koninklijke Philips N.V.

9.8 Siemens AG

9.9 Boston Scientific Corporation

9.10 GE Healthcare


(A brief overview of 10 companies is also provided)

10. Competitive Analysis

10.1. Introduction

10.2. Market Positioning of Key Players

10.3 Competitive Strategies Adopted by Leading Players

        10.3.1. Investments & Expansions

        10.3.2. New Product Launches

        10.3.3. Mergers & Acquisitions

        10.3.4. Agreements, Joint Ventures, and Partnerships

11. Appendix

11.1. Questionnaire

11.2. Available Customizations 

11.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)





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