Medical Devices

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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.


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.


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.

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Medical Devices Published Insights

Coherent Market Insights

Medical Pendants Market, by Product Type (Fixed, Rotary Pendants (Single-Arm and Double Multi-Arm) and Movable Pendants (Single-Arm and Double Multi-Arm), and By Application (Surgery, Anesthesia, Endoscopy and ICU) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

Published Date : Aug 2018

Medical Pendant System Market - Insights Medical pendants are systems designed to support high load of instruments in areas such as operating theaters or intensive care units. These pendants are provided by highly maneuverable arms with ... Read more

Coherent Market Insights

Cardiopulmonary Bypass Equipment Market, by Product Type (Single Roller Pump and Double Roller Pump), by End User (Hospitals and Ambulatory Surgical Centers) - Size, Share, trends, and Forecast to 2026

Published Date : Aug 2018

Cardiopulmonary Bypass Equipment Market – Insights Cardiopulmonary bypass equipment is a machine which takes over the function of heart and lungs to maintain the circulation of blood and the oxygen cont... Read more

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Anesthesia Endotracheal Tube Market, by Product Type (Nasotracheal Tubes and Orotracheal Tubes), by End User (Hospitals and Ambulatory Surgical Centers) - Size, Share, trends, and Forecast to 2026

Published Date : Aug 2018

Anesthesia Endotracheal Tubes Market Insights With the adoption of new technologies and advancement of health care facilities, surgery of vital organs such as lungs has become easy. During this surgeries, ane... Read more

Coherent Market Insights

Petri Dish Market - by Product Type (Glass Petri dish and Polystyrene Petri dish) by End User (Hospitals and Diagnostic labs, Pharmaceutical and Biotech Companies, and Research and Academic Institutes) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, trends, and Forecast to 2026

Published Date : Jul 2018

Petri Dish Market-Culturing Science and Medicine Petri dish also called as cell culture dishes is common glassware used in research and academic laboratories and hospital in order to hold, transfer, and incu... Read more

Coherent Market Insights

Anesthesia Video Laryngoscope Market, by Product Type (Un-channeled Video Laryngoscopes and Channeled Video Laryngoscopes), by End User (Emergency Department, Intensive Care Unit, and Ambulatory Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends and Forecast to 2026

Published Date : Jul 2018

Anesthesia Video Laryngoscope Market Video laryngoscopy-assisted tracheal intubation devices have become substitutes to conventional laryngoscopes since recent past. These systems provide a clear image of the... Read more

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