Medical Devices

The convergence of information technology with medical devices is transforming the landscape of patient care. Medical devices integrated with mobile applications for monitoring and diagnosis of disease conditions reduces 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 costs and time for tests. Be it diagnostics, surgery, monitoring or treatment, medical devices provide convenience and help increase access to health services. Growth in this industry is typically derived from innovation and focused patient care.

Challenges

Integrating rapidly evolving technologies inexisting products in order to maintain competitive advantage in the market is a constant challenge faced by medical device companies. 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 are planning to spend over 6% of revenue on R&D till 2017. At the same time, increasing cost pressure is posing a challenge for companies to launch new technologies at low costs. Moreover, new regulatory requirements and fierce competition are creating new complexities and challenges for companies operating in this sector. The new Unique Device Identification (UDI) guidelinesintroduced in 2014will aid the stakeholders in saving costs; however also involves implementation cost for the medical device manufacturers.

Home Healthcare Devices to Fuel Market Growth

Increasing self-medication practices is in turn driving demand for home healthcare devices. The launch of glucose monitors, insulin delivery devices, oxygen concentrators and nebulizers have contributed to increased access to healthcare system in developing countries. Driven by an increasing awareness of lifestyle disorders and increasing awareness about new technologies, consumers are likely to adopt more sophisticated devices to self-monitor their health conditions. For consumers, this could mean convenience in time and travel and reduced healthcare costs.For doctors on the other hand it could mean more efficient and effective healthcare, driven by patients who take greater responsibility for their own health. However, app-based devices are facing challenges with respect to the FDA approval.

Growth in Emerging Economies

Although North America dominates the global medical devices market, significant growth is projected to be observed in the Asia Pacific and Latin America regions. Inadequate access to healthcare system would open up large opportunities for medical devices. Rapidly expanding patient pool, rise in healthcare spending, and increasing health awareness in these markets are expected to be supportive factors for companies to invest in these regions. However, the price points need to be low compared to that in western markets. Also, the distribution, manufacturing and business models need to be changed to make a successful foray in these markets. Mergers and acquisitions are projected to continue in these regions in order to help companies strengthen their product portfolios and increase their market reach.

Conclusion

The way healthcare is delivered, accessed and perceived is changing mainly driving by introduction of novel medical devices. As regulatory requirements change and evolve, medical device manufacturers need to understand the implications and accordingly, need to be operationally and technologically equipped. Companies also need to ensure they have the right competencies to keep up with increasing competition and regulations, and assess their impact. Major global players in this market include 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.

Coherent Market Insights
Endoscopes Market, by Product Type (Endoscopes, Visualization System, Endo Therapy Devices and Others), by Endoscope Type (Rigid, Flexible and Capsule) by Applications (Gastroenterology ,Arthroscopy, General Surgery, Pulmonology, Urology, Gynecology and Others), by End User (Hospitals, Clinics and Others), and by Region - Global Forecast to 2026

Published Date : Jun 2018

Market Insights-Endoscopes Market Endoscopes are medical devices used in endoscopy procedure to observe and treat the internal organs. Endoscopy is minimal invasive procedure in which endoscope is placed insi

Coherent Market Insights
Non-invasive Biosensors Market, by Technology (Optical, Transdermal, Thermal, and Others), by Product Type (Glucose Monitors, Blood Analytes Monitors, Breathalyzers, and Others), by End User (Hospitals, Diagnostic Lab, Homecare Settings, and Others) and by Region - Global Forecast to 2026

Published Date : May 2018

Non-Invasive Biosensor Market - Insights Biosensors are electronic devices, which uses biological molecules such as enzymes, proteins, or antibodies for the detection and measurement of any substance or chemi

Coherent Market Insights
Veterinary Infusion Pump Market, by Product Type (Syringe Infusion Pump and Large-Volume Infusion Pump), by End User (Veterinary Hospitals and Veterinary Clinics), by Region - Global Forecast to 2025

Published Date : May 2018

Veterinary Infusion Pump Market - Global Industry Insights Controlled analgesia veterinary infusion pumps are commonly used in healthcare settings and are widely used to transfer medications, nutrients, and f

Coherent Market Insights
Pressure Relief Devices Market, by Device Type (Low-tech Devices (Foam-based Devices, Air-based Devices, Gel-based Devices, and Other Devices), High-tech Devices (Air Therapy Devices and Kinetic Bed)), and by Region - Global Forecast to 2026

Published Date : May 2018

Market Insights – Pressure Relief Devices Market Pressure relief devices are utilized to prevent occurrence of pressure ulcers. Pressure ulcers, also known as pressure sores, decubitus ulcers or bed sor

Coherent Market Insights
Electroencephalography Devices Market, by Device Type (8-Channel EEG, 21-Channel EEG, 32-Channel EEG, 64-Channel EEG, and Others), by Modality (Standalone and Portable), by End User (Hospitals, Diagnostic Centers, and Others), and by Geography - Global Forecast to 2025

Published Date : May 2018

Global Electroencephalography Market – Monitoring Functions of Brain Electroencephalography, commonly termed as EEG, refers to a physiological method of choice that facilitates recording of electrical a

Coherent Market Insights
Personal Mobility Devices Market, By Product Type (Wheelchair, Scooters, Canes, Crutches, Walkers, Stair-lifts and Others), By End User (Hospital & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting, and Others), and By Geography - Global Forecast to 2025

Published Date : May 2018

Personal Mobility Devices Market - Global Industry Insights Personal mobility devices include wheelchairs, scooters, bicycles, and unicycles. Most of these devices are used by disabled people, who have restri

Coherent Market Insights
Sample Preparation Market, by Product Type (Reagents & Kits, Instruments), By Application (Research Application, Diagnosis), by End User (Pharmaceuticals and Biotechnology Companies, Pathology & Diagnostic Laboratories, Academics & Research Laboratories), and Geography - Global Trends, and Forecast to 2025

Published Date : May 2018

Sample Preparation Market – Insights Increasing interest in developing quick, cost-effective, and environmentally friendly sample preparation techniques, lead to develop new methods which will eventuall

Coherent Market Insights
Hemostasis & Tissue Sealing Agents Market, by Product Type (Topical Hemostats & Adhesives & Tissue Sealing Agents), by End User (Hospitals, Ambulatory Surgical Centers & Home Care Settings) and by Region - Global Industry Insights and Forecast to 2025

Published Date : May 2018

Global Hemostasis & Tissue Sealing Agents Market – Save Blood, Save Life Hemostasis is a physiological processes, which maintains fluidity of blood by preventing blood loss from body. Hemostasis is

Coherent Market Insights
Polymerase Chain Reaction Market, by Product Type (Instrument (Real Time PCR, Digital PCR, Others) Reagents and Consumables)), by End User (Clinical Diagnostics, Academic and Research Laboratories, Forensic Laboratories, Others) - Global Industry Insights, and Forecast to 2025

Published Date : Apr 2018

Polymerase Chain Reaction Market – Insights Polymerase chain reaction (PCR) is extensively used for DNA amplification technique. It generates thousands to millions of copies of a particular DNA sequence

Coherent Market Insights
Patient Positioning Devices Market, by Product Type (Table, Accessories, and Others), by Application (Surgeries, Therapeutics, and Diagnostics), by End User (Hospital, Diagnostic Laboratories, Ambulatory Surgical Centers, and Others) and by Region - Global Trends, and Forecast to 2025

Published Date : Feb 2018

Patient Positioning Devices Market – Offer Patient Comfort and Streamline Workflows Patient positioning devices are used in various surgical and diagnostics procedures for patient's safety and surgeon's

Coherent Market Insights
Bio-absorbable Bone Screw Market, by Product Type (Fully Threaded Screws and Partially Threaded Screws), by Applications (Upper Extremities and Lower Extremities), by End users (Hospitals, Specialty Clinics, Ambulatory Surgical Centers and Others), by region (North America, Europe, Latin America, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

To Be Published : Nov 2018

Bone Screws are used to fix bony fragments. Bone screws are used in orthopedics for various purposes such as bone to bone fixation, soft tissue fixation to bone, and attachment of implants to bone. Bone screw consists of head, shaft, core,

Coherent Market Insights
Artificial Cochlea Market, by Product Type (Unilateral Implantation and Bilateral Implantation), by Channel Type (Single Channel and Multi-Channel), by End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Geography - Size, Share, Outlook and Opportunity Analysis 2018 - 2026

To Be Published : Nov 2018

Hearing loss is impairment of hearing and its severity may vary from mild to severe and in general hearing loss may be conductive, sensorineural or mixed. Sensorineural hearing loss or nerve deafness is a type of hearing loss, which results

Coherent Market Insights
Artificial Bone Market, by Material (Ceramics, Composite, Polymer, Hydroxyapatite, and Others), by Application (Spinal Fusion, Dental, Craniomaxillofacial, Joint Reconstruction, and Trauma and Extremities), by End User (Hospitals, Specialty Clinics, and Research Organizations), and by Geography - Size, Share, Outlook, and Opportunity Analysis 2018 - 2026

To Be Published : Nov 2018

Repairing of damaged bones is a critical clinical issue faced by orthopaedic surgeons, which is generally overcome by bone transplantation. Bone transplantation materials are primarily divided into three types, namely same body bone, differ

Coherent Market Insights
Disposable Infusion Extension Lines Market, by Type (Small Bore Connection Tubing, Spiral Line, and others), by End Users (Hospitals, Clinics, Ambulatory Surgical Centers, and Others), by Region (North America, Europe, Latin America, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Nov 2018

A disposable infusion extension line is used to deliver saline, glucose, and insulin to the body. A needle is inserted in the cannula, it is a tiny plastic tube that is placed under the skin in the subcutaneous fat. This needle is necessary

Coherent Market Insights
Pupillometer Market, by Product Type (Hand-Held Pupillometer and Table-Top Pupillometer), by Application (Ophthalmology, Neurology, Cancer, and Other), by End User (Hospital, Eye Clinic, Optical Shop, and Online Sellers), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Nov 2018

Pupillometer or pupilometer are the ocular checking digital instrument used in the ophthalmology and critical care medicine, for measuring the pupil reactivity and distance between pupils. Pupil evaluation in the pupillary information is wi

Coherent Market Insights
Manual Stair Climbing Wheelchair Market, By Modality (Manual self- propelled wheelchair and Manual attendant-propelled wheelchair), By End User, and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Nov 2018

Manual stair wheelchairs or stair climbers are portable stair considered as an accessibility solution, which allows caregiver to transport an individual up and down the stairs with their wheelchair. Manual stair wheelchair can work on any stair configurations such as

Coherent Market Insights
Urodynamic Equipment Market, by Product Type (Cystometer, Urinary flow meter, Video Urodynamic Systems, Transducer Sets, Pumps, Catheter, and Others), by End User, and by Region (North America, Europe, Latin America, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Nov 2018

The Urinary tract of the human body functions to remove extra water and wastes. Urodynamic or Urodynamic test studies the working of urethra, sphincters, and bladder. Urodynamic examines functions of bladder and urethra of storing and releasing urine from the body. Te

Coherent Market Insights
Non-Surgical Skin Tightening Market, by Product Type (Laser-based Devices, Ultrasound Devices, RF Devices, and Others), by End Users (Dermatology Clinics and Beauty Clinics), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook and Opportunity Analysis 2018-2026

To Be Published : Nov 2018

The recent past has witnessed increasing use of non-invasive skin tightening procedures instead of conventional plastic surgeries. This is owing to increasing awareness regarding non-invasive procedures. Increasing number of people are focusing on one’s aestheti

Coherent Market Insights
Laser Resurfacing Devices Market, By Type (Ablative and Non-Ablative), By Device (Laser Skin Resurfacing Machine, CO2 Skin Laser Scanner Machine, and Others), By Indication (Facial Wrinkles and Acne Scars), By End User, and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Nov 2018

Laser resurfacing, also known as laser peel, laser vaporization or lasabrasion, is used for the treatment of skin problems such as acne scars and facial wrinkles. Laser resurfacing techniques direct short, concentrated beams of light at uneven skin, exactly removing s

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.