Medical Devices Market Scenario, Strategies, Growth Factors and Forecast 2028

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Medical Devices Market Global Analysis and
Forecast to 2027

• Published Date Jul 2020

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Report Studies
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• Medical Devices Market Forecast to 2027 -
  COVID-19 Impact and Global Analysis by Product
  Type (In Vitro Diagnostics (IVD), Surgical
  Device, General Medical Devices, Cardiovascular
  Devices, Orthopedic, Infection Control Devices,
  Ophthalmology, Endoscopy, Neurology, Others),
  Function (Diagnostic and Monitoring,
  Therapeutics, Surgical, Others), End User
  (Homecare Medical Devices, Hospital Medical
  Devices, Ambulatory Care Medical Devices,
  Others), and Geography

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Medical Devices Market Overview
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• The medical devices market is expected to reach
  US 767,684.9 million by 2027 from US 483,285.8
  million in 2019. The market is estimated to grow
  with a CAGR of 6.1 from 2020 to 2027.
• A medical device can be a machine, instrument,
  apparatus, or an article that is used to
  diagnose, monitor, and therapeutic purposes. A
  medical device plays an essential role, such as
  detection, measurement, restoration, and
  modification of the structure or a function of
  the body due to health problems or chronic
  medical conditions.There are various types of
  medical devices, which include glasses,
  pacemakers, wheelchairs, X-ray machines, MRI, CT
  scans, and others. These medical devices are
  categorized into four classes, such as I, IIa,
  IIb, and III. The categories of the medical
  devices are based on the Food and Drug
  Administration and CE marking. The organizations
  have categorized class I as low-risk medical
  devices and class III as high-risk medical
  devices.

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Key Segment Market
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• Segment By Type-
• By Product Type (In Vitro Diagnostics (IVD),
  Surgical Device, General Medical Devices,
  Cardiovascular Devices, Orthopedic, Infection
  Control Devices, Ophthalmology, Endoscopy,
  Neurology, Others)
• Function (Diagnostic and Monitoring,
  Therapeutics, Surgical, Others)
• End-User (Homecare Medical Devices, Hospital
  Medical Devices, Ambulatory Care Medical Devices,
  Others)

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5
Medical Devices Market Value
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• CAGR of 6.1
• (2020 - 2027)

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6
Company Profiles
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• Medtronic
• Abbott
• Boston Scientific Corporation
• Braun Melsungen AG
• 3M
• General Electric Company
• Stryker Corporation
• Koninklijke Philips N.V.
• Siemens AG
• Johnson and Johnson Services, Inc.

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By Geography
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• North America (the US, Canada, and Mexico)
• Europe (the UK, Germany, France, Italy, Spain,
  and the Rest of Europe)
• Asia Pacific (China, Japan, India, Australia,
  South Korea, and the Rest of Asia Pacific)
• Middle East Africa (the UAE, Saudi Arabia,
  South Africa, and the Rest of Middle East
  Africa)
• South Central America (Brazil, Argentina, and
  the Rest of South Central America).

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