What is Medical Device Technologies?
Medical device technologies are mainly used to cure diseases and transform patients from diseases sufferings to healthy individual. Medical devices are used to perform a therapeutic or diagnostic action to cure certain diseases. The use of medical technology for treatment has huge potential to improve health outcomes through accurate diagnosis. Medical device technology are used to provide safer, effective and appropriate treatment. This technology brings advancements in diagnostic technologies and devices. The medical device technology comprises of providing software solutions for biological derived devices, imaging, aesthetic, diagnostic equipment, respiratory, electromechanical medical and in vitro diagnostics (IVD). It includes the use of technical advancements to operate any instrumentation with efficiency in health care systems. Raised healthcare expenditure is one of the key driver for the market growth. Increasing prevalence of chronic diseases across the globe is creating opportunity for the market to providing efficient treatments with the use of appropriate technological advancements. Geographically, North America is expected to dominate the medical device technologies market owing to huge technological advancements and strong network and presence of medical devices manufacturers in United States. Further increasing investment in research and development and increased associations with IT companies providing opportunity for market growth.
The market study is broken down by Type (Cardiology Devices, Diagnostic Imaging Devices (Radiology Devices), Ophthalmology Devices, Respiratory Devices, In Vitro Diagnostics (IVD), Orthopaedic Devices, Endoscopy Devices, Neurology Devices and Others), by Application (Hospitals & Clinics and Research organisations) and major geographies with country level break-up.
There are various companies are operating in the industry to provides effective medical device technology to the market. Manufacturers are more focusing on the developing technological advancements with cost effectiveness to provide excellent service in the industry. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry. Research Analyst at AMA estimates that Players from North America will contribute to the maximum growth of Global Medical Device Technologies market throughout the predicted period.
Johnson & Johnson Services, Inc. (United States), Roche Holding AG (Switzerland), Medtronic (France), Globus Medical (United States), Stereotaxis (United States), Stryker (United States), Smith & Nephew (United Kingdom), Intuitive Surgical(United States), Accuray(United States), Mazor Robotics (United States) and Auris Health(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Barrett Technology (United States) and Myomo(United States).
AdvanceMarketAnalytics has segmented the market of Global Medical Device Technologies market by Type, Application and Region.
On the basis of geography, the market of Medical Device Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In February 2021, Mindray, a Medical device manufacturer has launch latest vital signs workstation VS9 in United Kingdom. This vital sign VS9 machine is designed to give health insights into patient quickly as compared to traditional vital signs machines. This new VS9 vital signs workstation provides quick, flexible workflow profiles and comprehensive monitoring. This rapid vital signs algorithms ensure good comfort to patent, with 15-second BP readings and optional respiration rate taken via the SpO2 sensor.
- Associations between governments and research organisations are providing funding for research and developments which initiating innovations in machines designs and its developments
- Increased prevalence of chronic diseases such as cardiovascular, diabetes, hypertension, cancer, respiratory disorders and others are demanding more technically advanced medical devices for treatment which is expected to boost the market growth
- Inclination towards minimally invasive surgeries providing preference to the medical device technology
- Improvement in robotically-assisted surgeries and advanced implants are anticipated to influence the market is positive manner.
- Augmenting research and development activities are expected to increase number of innovations in medical devices technologies which providing number of opportunities to the market
- Stringent government regulations for medical device technologies and geographical variations in regulatory norms may hamper the market growth
- Overcome high cost of manufacturing and maintenance of product design and developments
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Medical Device Technology Manufacturers, Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase