Medical Devices Market Share, Size, and Outlook by 2031
Medical Devices Market: Strategic Insights
Medical Devices Market
-
CAGR (2023 - 2031)6.1% -
Market Size 2022
US$ 561.42 billion -
Market Size 2031
US$ 983.53 billion
Market Dynamics
GROWTH DRIVERS
- Increasing prevalence of chronic diseases
FUTURE TRENDS
- Rising number of surgical and diagnostic oroceures
OPPORTUNITIES
- Growing customer preference for wearable medical devices
Key Players
- Medtronic plc
- Abbott
- Boston Scientific and Corporation
- 3M
- Siemens AG
- Koninklijke Philips
- GE
- Johnson Johnson
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product Type
- Surgical devices
- Infection control devices
- General medicine devices
- Cardiovascular devices
- Orthopedic devices
- In-vitro diagnostic devices
- Endoscopy
- Neurology
- Opthalmology
Function
- Diagnostic and Monitoring
- Therapeutic
- Surgical
End User
- Hospital and Clinics
- Ambulatory Surgical Centers