Medical Devices

Enquiry IconContact Us

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.

View More

Medical Devices Published Insights

Coherent Market Insights

Europe Air Ambulance Services Market, by Type (Rotary Wing and Fixed Wing), by Service Model (Hospital Based, Government Run, and Independent), by End User (Domestic and International) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Dec 2021

An air ambulance aircraft is used for the safe and comfortable transportation of patients who are critically ill and cannot travel long distance using other mode of transport. An air ambulance is a business class aircraft and is equipped with advanced medical applianc... View more

Coherent Market Insights

U.S. Speech Therapy Market, by Age Group (Children and Adults), by Indication (Speech Disorders, Language Disorders, Apraxia, Autism Spectrum Disorder (ASD), and Others), and by End User (Hospitals, Clinics, Rehabilitation Centers, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Nov 2021

Speech therapy is the treatment of cognitive-linguistic skills, voice production, swallowing function, speech/language production, and/or general communication abilities that have been impaired as a result of a disease, injury, developmental delay, or surgical procedu... View more

Coherent Market Insights

Ampoules and Syringes Market, By Product Type (Syringes, Ampoules), By Material (Glass, Plastic), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Nov 2021

Ampoules are small vials that contain solution or powder form drug for injecting it into the body through the intravenous route. It basically stores the drug and produced form plastic such as PVC and PE. Glass is also used to produce ampoules and are sealed tightly in... View more

Coherent Market Insights

Dental Laboratories Market, by Product (Restorative, Implant, Oral Care, Orthodontic, Endodontic, and Others), by Equipment (Milling Equipment, Dental Scanners, Furnaces, Articulators, Dental Lasers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Nov 2021

Dental laboratories are combination of art, science, and technology to develop and manufacture items such as bridges, veneers, crowns, caps, and various orthodontic splints and appliances used to straighten & protect teeth from various tooth problems such as tooth... View more

Coherent Market Insights

Endodontics Devices Market, by Instruments (Scalers, Apex Locater, Motors, Handpiece, and Laser), by Consumables (Access Cavity Preparation, Endodontics Files, Burs, Drill, Lubricant, and Obturation), by End User (Clinics and Hospitals), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Oct 2021

Endodontic procedures are common, but specialized procedures performed in several general dentistry practices as well as practices that specialize in just endodontics. These procedures treat patients with problems at the roots of their teeth, and require a range of in... View more

Coherent Market Insights

Australia and New Zealand Cleanroom Gloves Market, by Product Type (Nitrile Gloves, Latex Gloves, Vinyl Gloves, Neoprene Gloves, and Polyisoprene Gloves, Others), by Category (Sterile and Non-sterile), by End Users Pharmaceuticals and Biotechnology Companies, Medical Device Companies, Hospitals and Clinics, and Diagnostics Laboratories) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Jan 2022

Cleanroom gloves are designed to protect either products from contamination or the wearer from exposure to chemicals. Gloves such as cleanroom gloves, sterile gloves, and cleanroom hand protection products are used for protection of hands as well as while working in c... View more

Coherent Market Insights

Pre-owned Medical Devices Market, By Type (X-ray, Mammography Machines, CT Machines, MRI Machines, Ultrasound Machines, Nuclear Imaging and Medicine Devices, C-arm Devices), and By Regions (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Sep 2021

Pre-owned medical devices are earlier owned by any healthcare institution and later subject to sale or repurchase after refurbishment. Use of pre-owned medical devices requires European certification and CE mark in the Europe. The ... View more

Subscribe Newsletter

Kindly subscribe for our latest news & articles.