Top 10 Medical Device Technologies Market Expected to Reach 428.97 Billion USD by 2020

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MarketsandMarkets Presents
Top 10 Medical Device Technologies Market worth
428.97 Billion USD by 2020
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The report "Top 10 Medical Device Technologies
Market by Type (IVD, Cardiology, Diagnostic
Imaging, Orthopedics, Ophthalmology, Endoscopy,
Diabetes Care, Wound Management, Kidney/Dialysis,
and Anesthesia Respiratory Care Devices) -
Global Forecast to 2020", The Global Top 10
Medical Device technologies Market is Poised to
Reach USD 428.97 Billion by 2020. Browse 321
market data tables and 57 figures spread through
383 pages and in-depth TOC on Top 10 Medical
Device Technologies Market by Type (IVD,
Cardiology, Diagnostic Imaging, Orthopedics,
Ophthalmology, Endoscopy, Diabetes Care, Wound
Management, Kidney/Dialysis, and Anesthesia
Respiratory Care Devices) - Global Forecast to
2020 http//www.marketsandmarkets.com/Market-Rep
orts/top-10-medical-device-technologies-96.html
 
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Early buyers will receive 10 customization on
this report.

 
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• The growth in the top 10 medical devices industry
  is mainly driven by the rising prevalence of
  chronic lifestyle diseases like cardiovascular,
  diabetes, hypertension, cancer, and respiratory
  problems. Similarly, the rising acceptance of
  newer technologies by physicians hospitals and
  growing geriatric population are also driving the
  overall growth of the top 10 medical devices
  market. However, factors such as uncertainty in
  reimbursement and the imposition of the medical
  device excise tax in the U.S. are restraining the
  growth of this market.

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• In this report, the top 10 medical device
  technologies market is segmented on the basis of
  type and region. On the basis of type, the market
  is segmented into IVD devices, cardiology
  devices, diagnostic imaging devices, orthopaedic
  devices, ophthalmology devices, endoscopy
  devices, diabetes care devices, wound management
  devices, kidney/dialysis devices, and anesthesia
  respiratory care devices.

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• In 2014, the IVD devices segment accounted
  for the largest share17.1of the global top 10
  medical device technologies market, and is poised
  to grow at a CAGR of 5.8 during the forecast
  period. The large share of this segment is mainly
  attributed to the prevalence of diabetes,
  cardiovascular diseases, and cancer. Similarly,
  the rising incidence of respiratory infections,
  hospital-acquired infections, other infectious
  diseases, and sexually transmitted diseases are
  also driving the growth of this market.

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• However, anesthesia and respiratory care devices
  is the fastest-growing segment during the
  forecast period, growing at a CAGR of 8.7. This
  segment accounted for a share of 6.7 of the
  global top 10 medical device technologies market
  in 2014.

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• Geographically, North America accounted for the
  largest share of 39.7 of the top 10 medical
  device technologies market in 2014, followed by
  Europe, Asia-Pacific, Latin America, and the
  Middle East Africa. The large share of North
  America in the global top 10 medical device
  technologies market is mainly attributed to
  greater accessibility to advanced technologies,
  rising prevalence of chronic lifestyle diseases,
  rising geriatric population, increasing number of
  surgical procedures, increasing acceptance of
  personalized medicine, and established
  distribution channels in this region as compared
  to Europe and APAC.

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• However, the Asia-Pacific region is expected to
  be the fastest-growing top 10 medical device
  technologies market during the forecast period.
  Growing population in countries like China and
  India, rapid growth in geriatric population,
  improving healthcare infrastructure, growing per
  capita income, and rising focus of key market
  players on this region are contributing to the
  growth of the top 10 medical device technologies
  market in the APAC region during the forecast
  period.

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• The global top 10 medical device technologies
  market is fragmented in nature. Prominent players
  in this market include Johnson Johnson (U.S.),
  GE Healthcare (U.K.), Siemens Healthcare
  (Germany), Medtronic (U.S.), Philips Healthcare
  (Netherlands), Roche Diagnostics (Switzerland),
  Abbott Laboratories Inc. (U.S.), Smith Nephew
  plc (U.K.), Stryker Corporation (U.S.), and
  Boston Scientific Corporation (U.S.).

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• The leading players in this market have built a
  strong market position over the years by focusing
  on new product launches agreements,
  collaborations, and partnerships and expanding
  their geographic presence in emerging markets in
  order to widen their revenue streams. These still
  remain the actively adopted strategies by leading
  players in this market, in order to achieve
  sustainable revenue growth in the competitive top
  10 medical devices market.

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