Market Highlights
Medical device & accessories are products, intended to support, supplement, or augment the performance of one or more parent devices. These devices are used for diagnosis, monitoring, and treatment of different diseases. Now a day, most of the companies are involved in mergers, acquisitions, and collateral activities to introduce better and effective treatment procedures. In this regards, Koninklijke Philips N.V, in June 2017, acquired Cardio Prolific Inc. which is a U.S.-based, privately held company that develops catheter-based thrombectomy approaches to treat peripheral vascular disease. These mergers and acquisitions help them to develop pipeline and network of their product around the globe. Whereas few companies are continuously involved in research and development to introduce advanced products, such as in January 2017, Stryker Corporation launched Altrix, a next-generation precision temperature management system.
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Major Players in the Medical Devices and Accessories Market
Some of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Stryker Corporation (U.S.), Koninklijke philips n.v (the Netherlands), General Electric Company (U.S.), Siemens AG (U.S.), Danaher Corporation (U.S.).
The Americas account for the major share of this market owing to the presence of the leading market players, increasing awareness for healthcare and high healthcare expenditure. People in this region are more health conscious that leads to an increase in the healthcare spending.
Europe accounts for the second largest market, which is followed by Asia Pacific. Europe consists of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market which is majorly contributed by Germany, U.K., and France. Moreover, major driving factors for the market in this region are increasing the prevalence of chronic diseases, strong government support, and well-developed technology.
On the other hand, The Middle East & Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in the African region. The market is segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and Rest of the Middle East & Africa. In the Middle East & Africa, the healthcare spending has increased during last few years owing to increasing awareness about development in the healthcare sector.
Segmentation
The global medical device & accessories market is segmented on the basis of the types of devices. On the basis the types of devices, it is segmented into cardiovascular application, coronary pressure monitors, catheters, therapeutic medical guide, dental implant, cochlear implant, global nerve stimulator market, global diabetes monitors market, and global suture needles market. Furthermore, the cardiovascular application segment is sub-segmented into cardiac monitors, cardiac pacemaker, cardiac defibrillators, and others. The coronary pressure monitor segment is sub-segmented into sphygmomanometer, automated blood pressure monitor, BP transducers, ambulatory blood pressure monitor, and instruments & accessories.
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Market HighlightsMedical device & accessories are products, intended to support, supplement, or augment the performance of one or more parent devices.
In this regards, Koninklijke Philips N.V, in June 2017, acquired Cardio Prolific Inc. which is a U.S.-based, privately held company that develops catheter-based thrombectomy approaches to treat peripheral vascular disease.
These mergers and acquisitions help them to develop pipeline and network of their product around the globe.
People in this region are more health conscious that leads to an increase in the healthcare spending.Europe accounts for the second largest market, which is followed by Asia Pacific.
Western Europe holds the major share of the market which is majorly contributed by Germany, U.K., and France.
Moreover, major driving factors for the market in this region are increasing the prevalence of chronic diseases, strong government support, and well-developed technology.On the other hand, The Middle East & Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in the African region.
Global Medical Device & Accessories Market: Information by Type of Device (Cardiovascular Application, Coronary Pressure Monitors, Catheters, Therapeutic Medical Guide, Dental Implant, Cochlear Implant, Nerve Stimulator, Diabetes Monitors and Suture Needles) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027Market HighlightsMedical device & accessories are products, intended to support, supplement or augment the performance of one or more parent devices.
These mergers and acquisitions help them to develop pipeline and network of their product around the globe.
Also in April 2016, Medtronic launched new endoscopic ablation catheter for Barrett's Esophagus.The global medical device & accessories market is expected to grow at a CAGR of 6.53% during the forecast period, 2017-2023.Taste the market data and market information presented through more than 89 market data tables and figures spread over 87 pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “medical device & accessories market research report–Global forecast till 2023.”Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/5466Major Players in the Medical Devices and Accessories MarketSome of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), Stryker Corporation (U.S.), Koninklijke philips n.v (the Netherlands), General Electric Company (U.S.), Siemens AG (U.S.), Danaher Corporation (U.S.).The global medical devices and accessories market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.The Americas account for the major share of this market owing to the presence of the leading market players, increasing awareness for healthcare and high healthcare expenditure.
Moreover, major driving factors for the market in this region are increasing the prevalence of chronic diseases, strong government support, and well-developed technology.Asia Pacific is the fastest growing market.
According to the ESCAP Statistical Database, in 2016, approximately 12.4% of the population in Asia Pacific region was over 60 years.On the other hand, The Middle East & Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in the African region.
Medical Device & Accessories Market Overview: The global report containing details of the medical device & accessories market reveals a possibility of surpassing USD 133,835.9 million by 2023, with a CAGR of 6.53% during the forecast period of 2018 to 2023.
Market Research Future (MRFR) reveals several factors like the growing cases of cardiac diseases, integration of top-end devices, better investment in the research sector, hike in funding to improve healthcare infrastructure, government support, and others as major driving forces for the market.
The market would also benefit from the growing inclusion of contributions made by various research organizations.
This will help the market in registering better growth in the coming years.
By type of device, the study on the medical device & accessories market includes coronary pressure monitors, catheters, cardiovascular application, dental implant, cochlear implant, therapeutic medical guide, diabetes monitors, a nerve stimulator, and suture needles.
The cardiovascular application segment had a market valuation of USD 20,750.0 million in 2016.
