Contact Us Register
Contact Us Careers Register

The convergence of information technology with medical devices is transforming the landscape of patient care. Integration of medical devices with mobile applications for monitoring and diagnosis of disease conditions can reduce cost of diagnosis. Also, evaluating health measures is no longer restricted to in-clinic visit. Patients can self-monitor their health at their convenience using portable medical devices. In-vitro... View more

The convergence of information technology with medical devices is transforming the landscape of patient care. Integration of medical devices with mobile applications for monitoring and diagnosis of disease conditions can reduce cost of diagnosis. Also, evaluating health measures is no longer restricted to in-clinic visit. Patients can self-monitor their health at their convenience using portable medical devices. In-vitro medical devices have transformed the diagnostics industry by reducing cost and time required for tests. Growth of the medical devices market has been influenced by technological innovations and patient focused care.

Challenges

One of the challenges faced by medical devices companies is integrating rapidly evolving technologies with existing products in order to maintain a competitive advantage in the market. Hence, a major share of the spending of these companies is directed towards research and development (R&D). According to a survey conducted by Forbes in 2015, around 47% of the medical device manufacturers were planning to spend over 6% of their revenue on R&D till 2017. Moreover, new regulatory requirements and fierce competition are posing a challenge for companies operating in this sector. The new Unique Device Identification (UDI) guidelines introduced in 2014 will help stakeholders save costs.

Home Healthcare Devices to Fuel Market Growth

Self-medication practices are also driving demand for home healthcare devices. The launch of glucose monitors, insulin delivery devices, oxygen concentrators, and nebulizers has improved access to healthcare in emerging countries. The increasing awareness about lifestyle disorders among the populace, in addition to advent of new technology has led consumers to adopt more sophisticated devices to self-monitor their health conditions. Furthermore, these devices are convenient to use, and save time and healthcare costs. However, app-based devices are facing challenges with respect to obtaining approvals from regulatory authorities such as the FDA.

Growth in Emerging Economies

North America dominates the global medical devices market, however Asia Pacific and Latin America regions are projected to exhibit significant growth in the forthcoming years. Factors such as rapidly expanding patient pool, rising healthcare spending, and increasing health awareness in these regions are expected to create opportunities for manufacturers of medical devices to expand their operations to these markets. However, market players may need to adopt distribution, manufacturing and business strategies tailored to these regions to ensure a successful foray. Strategic mergers and acquisitions with regional and local players is likely to help companies operating on a global scale to strengthen their product portfolio and market presence.

Conclusion

The way healthcare is delivered, accessed and perceived is changing due to introduction of novel medical devices. As regulatory requirements change and evolve, medical device manufacturers need to understand the implications and be operationally and technologically equipped. Companies also need to ensure that they have the right competencies to keep up with increasing competition and regulations, and assess their impact. Key players operating in this market are Johnson & Johnson, General Electric Co., Medtronic Inc., Siemens AG, Baxter International Inc., Stryker Corp., Fresenius Medical Care AG & Co., St. Jude Medical Inc., and Becton, Dickinson and Co.View less

Medical Devices Published Insights

Coherent Market Insights Turkey Medical Tourism Market

Published Date : Apr 2025

The Turkey medical tourism market is estimated to be valued at USD 4.01 Bn in 2025 and is expected to reach USD 10.31 Bn, exhibiting a compound annual growth rate (CAGR) of 14.5% from 2025 to 2032. Turkey has emerged ... View more

Coherent Market Insights Bunion Surgery Market

Published Date : Apr 2025

The Global Bunion Surgery Market is estimated to be valued at USD 490.5 Mn in 2025 and is expected to reach USD 519.4 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032. A bunion is ... View more

Coherent Market Insights Infrared Saunas Market

Published Date : Apr 2025

The Global Infrared Saunas Market is estimated to be valued at US$ 1.89 Billion in 2025 and is expected to reach US$ 3.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.6% from 2025 to 2032. Inf... View more

Coherent Market Insights Patient Mechanical Lift Handling Equipment Market

Published Date : Apr 2025

Patient handling equipment are assistive devices that allow patients in hospitals and nursing homes and people receiving home healthcare to be transferred between a bed and a chair or other similar resting places. Patient mechanical lift handling equipment are used to... View more

Coherent Market Insights Blood Flow Measurement Devices Market

Published Date : Apr 2025

The global blood flow measurement devices market has been gaining significant traction over the past couple of years owing to growing prevalence of cardiovascular diseases worldwide. Rising number of patients suffering from heart conditions like heart failure, coronar... View more

Coherent Market Insights Global Convergence In Healthcare Market

Published Date : Mar 2025

The convergence of healthcare is driving revolutionary changes in the way how healthcare is delivered. Traditionally, healthcare has operated through fragmented verticals like hospitals, pharmacies, insurance providers, and medical device manufacturers. However, newer... View more

Coherent Market Insights Global Veterinary Furniture Market

Published Date : Mar 2025

The veterinary furniture market has seen significant growth in recent years. As animal health and welfare continue to be priorities for pet owners and veterinary professionals alike, demand has risen for modern equipment and facilities designed to enhance the comfort,... View more

Coherent Market Insights Transcranial Magnetic Stimulator Market

Published Date : Mar 2025

Transcranial Magnetic Stimulation (TMS) is a non-invasive and painless brain stimulation technique that uses magnetic fields to stimulate specific regions of the brain. It has gained significant attention and popularity in recent years for its potential therapeutic ap... View more

Coherent Market Insights Intragastric Balloon Market

Published Date : Mar 2025

Intragastric balloons have gained significant attention in the field of weight loss management. This non-surgical procedure involves the insertion of a balloon into the stomach, which occupies space and promotes satiety, leading to weight loss. The intragastric balloo... View more

Coherent Market Insights Meniscus Repair Systems Market

Published Date : Mar 2025

Meniscus repair systems are medical devices used to treat meniscal tears, which commonly occur in the knee joint. The meniscus is a C-shaped cartilage that acts as a shock absorber between the thigh bone and the shin bone. It plays a crucial role in maintaining knee s... View more

Coherent Market Insights Preterm Birth And Prom Testing Market

Published Date : Mar 2025

Preterm birth, also known as premature birth, is a significant global health concern. It refers to the birth of a baby before 37 completed weeks of gestation. According to the World Health Organization (WHO), around 15 million babies are born prematurely each year, ac... View more

Coherent Market Insights Radioactive Tracer Market

Published Date : Mar 2025

Radioactive Tracer Market is estimated to be valued at USD 3.72 Bn in 2025 and is expected to reach USD 6.05 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2025 to 2032. Radioactive tracers are radioactive elements that are used to diagnose and treat a variety of diseases. ... View more

Coherent Market Insights Per Encounter Medical Market

Published Date : Mar 2025

Per-encounter medical services refer to medical treatments provided on a per-visit basis, rather than the traditional fee-for-service model. This approach is revolutionizing the healthcare landscape by offering more cost-effective and convenient care options for patie... View more

Coherent Market Insights Da Vinci Systems Market

Published Date : Mar 2025

Da Vinci systems are a new generation of robotic surgical platforms that enable surgeons to perform complex minimally invasive procedures with enhanced control, precision, visualization, and ergonomics. These robotic systems integrate 3D visualizations, wristed instru... View more

Coherent Market Insights Nasal Splints Market

Published Date : Mar 2025

Nasal Splints Market is estimated to be valued at USD 2.97 Bn in 2025 and is expected to reach USD 3.68 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2025 to 2032. Nasal splints are medical devices used to stabilize and support the nasal septum after nasal surgeries such ... View more

Coherent Market Insights Disposable Surgical Sheet Market

Published Date : Mar 2025

Disposable surgical sheets are an essential component of the healthcare industry, providing a hygienic and sterile environment during surgical procedures. These sheets are designed to prevent the spread of infections and maintain a clean operating room environment. Th... View more

Coherent Market Insights Cardiac Arrhythmia Monitoring Devices Market

Published Date : Mar 2025

Cardiac arrhythmia, also known as an irregular heartbeat, is a common cardiovascular condition that affects millions of people worldwide. It is characterized by abnormal electrical signals in the heart, which can lead to various complications if not monitored and mana... View more

Coherent Market Insights Air Pressure Therapy Market

Published Date : Mar 2025

Air Pressure Therapy, also known as compression therapy, is a widely used treatment method for various medical conditions. It involves applying gentle pressure to specific parts of the body to improve blood circulation, reduce swelling, and alleviate pain. This therap... View more

LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

Reliability and Reputation

860519526

Reliability and Reputation
ISO 9001:2015

9001:2015

ISO 27001:2022

27001:2022

Reliability and Reputation
Reliability and Reputation
© 2025 Coherent Market Insights Pvt Ltd. All Rights Reserved.