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
Global Digital Wound Management Devices Market, by Wound Type (Diabetic ulcer, Chronic wounds, Burns, Incisional, Traumatic wounds), End-User (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Sep 2017

Digital Wound Management Devices Market: New Innovative Solution to Measure the Wounds Digital wound management device is considered as a 3D-enabled device, which helps to measure the wound dimensions such as width, length, area, and dep

Coherent Market Insights
Global Needle-free IV Connectors Market by Design (Simple and Complex), Mechanism (Positive, Negative, and Neutral), Dwell Time (Seven-day and other than Seven-day) and Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Oct 2017

Needle-Free IV Connectors Needle-Free IV Connectors are needleless devices for connecting administration sets, syringes, and IV catheters. Depending on internal characteristic and functioning of the parts, c

Coherent Market Insights
Global Hearing Aids Market, By Technology (Conventional Hearing Aid, Digital Hearing Aid), Product (Behind the Ear Hearing Aids, Receiver in the Ear Hearing Aids, In the Ear Hearing Aids, Completely In the Ear Hearing Aids, In the Canal Hearing Aids), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Jun 2017

Hearing Aids – Technologically Advanced and Customizable Hearing Aids Fuel the Growth of Hearing Aids Market Hearing aids are sound-amplifying devices that are used to treat hearing impairment. It is an

Coherent Market Insights
Global Ambulatory Blood Pressure Monitors Market, By Product Type (Wrist, Arms), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Aug 2017

Ambulatory Blood Pressure Monitors Market: Providing Hassle-free and Continuous Monitoring Ambulatory blood pressure monitoring involves the monitoring of the blood pressure of the pat

Coherent Market Insights
Global Gamma Knife Market, By Indication (Brain Metastasis, Arteriovenous Malformation (AVM), Cancer, Trigeminal Neuralgia, Movement Disorders), Anatomy (Head, Neck), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Jun 2017

Gamma Knife – Targeted Brain Tumor Treatment Gamma knife is an outpatient procedure that allows the patient to travel back home the same day of treatment. Gamma knife is a highly focused radiation thera

Coherent Market Insights
Global Contraceptives Drugs And Devices Market, By Product Type (Contraceptive Drugs (Oral Contraceptive Pills, Contraceptive Injectables, Topical Contraceptives), Contraceptive Devices (Male Contraceptive Devices, Female Contraceptive Devices)), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

Published Date : May 2017

Contraceptive Drugs and Devices – Choice to Conceive, Not Concede Contraceptive drugs and devices that aid to control birth rate and unintended pregnancies are subject to unique regulatory challenges ac

Coherent Market Insights
Global Bone Glue Market, By Product (Synthetic Bone Glue, Natural Bone Glue), Therapeutic Application (Arthroplasty, Sports Injuries, Spinal Injuries), End User (Hospitals, Clinics, Specialized Orthopedics Clinics, Ambulatory Surgical Centers), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

Published Date : May 2017

Bone Glue: Cementing the Path to Effective Bone Healing Osteoporosis is a common cause for bone fractures and its prevalence gradually increases with age. For instance, the prevalence ratio of osteoporosis in

Coherent Market Insights
Global Reprocessed Medical Devices Market, By Technique (Laparoscopic Devices, Gastroenterology, General Surgery, Orthopedic Devices, Cardiovascular Devices), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Sep 2017

Reprocessed Medical Devices – Low on Cost, High on Quality Reprocessed medical devices are used to perform certain validated processes such as disinfection and sterilization that cab be further utilized

Coherent Market Insights
Global Respiratory Inhalers Market, by Product Type (Dry Powder Inhalers, Metered Dose Inhalers and Nebulizers), by Application (Asthma, Chronic Obstructive Pulmonary Disease, Pulmonary Arterial Hypertension and Cystic Fibrosis), by Technology (Digital and Manual), and by Region - Trends and Analysis to 2025

Published Date : Nov 2017

Respiratory Inhalers – Getting the Wind Back in Your Lungs Respiratory diseases such as bronchitis, asthma, allergic rhinitis, pneumonia and sinusitis can significantly curtail the physical activities o

Coherent Market Insights
Global Kidney Dialysis Equipment Market, By Equipment (Hemodialysis, Peritoneal dialysis, Continuous renal replacement therapy (CRRT)), End User (Home Care Settings, In-Clinics/Dialysis Centers), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

Published Date : Apr 2017

Increasing Chronic Kidney diseases to underpin rise of Kidney Dialysis Equipment market in the near future Chronic kidney disease (CKD) is a chronic condition that seriously affects the quality of life of the

Coherent Market Insights
Global Cell Culture Monitoring Biosensor Market, By Product Type (Electrochemical Biosensors, Thermometric Biosensors, Fiber Optic Biosensors, Piezoelectric Biosensors), End User (Food Industry, Pharmaceutical, Research Labs), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

Published Date : Apr 2017

Cell Culture Monitoring Biosensors – Monitor the Cell Culture at Ease Personalized medicine is at cusp of making rapid strides in the global pharmaceuticals market. This novel treatment method would po

Coherent Market Insights
Urology Surgical Instruments Market, By Product Type (Cysto Sheaths, Urology Endoscope, and Forceps), By Distribution Channel (Hospital and Clinics, and Research Organization), By Application (Kidney Stone, Oncology, and Urinary Tract Infections) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 - 2025

To Be Published : Mar 2018

Urology surgeries are associated with the treatment of urologic disease or dysfunction of male and female urinary tract. Urologic disease or dysfunction in male include bladder control dysfunction, kidney stones, prostate disorders, nephrectomy, pyeloplasty, ureteral

Coherent Market Insights
Auto-injectors Market, By Product Type (Fillable and Prefilled), By Technology (Automated and Manual), By Usability (Reusable and Disposable), By Design (Customized and Standard), By Application (Anaphylaxis, Rheumatoid Arthritis, and Diabetes), and By Distribution Channel (Hospitals, Pharmacy, and Specialty Clinics) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : Mar 2018

Auto-injector is a needle based medical device which is used for the administration of a fixed dose of a particular drug. It can be used for self-administration by the patients or untrained person, as it is easy to handle. Furthermore, auto-injector is significantly u

Coherent Market Insights
Kidney Stone Management Devices Market, by Product Type (Lithotripters (Intracorporeal & Extracorporeal), Ureteroscopes (Rigid, Semi Rigid, and Flexible), and Retrieval Devices) and by End User (Hospitals and Ambulatory Surgical Centers) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : Mar 2018

Urolithiasis is the most frequent and common urological disease, which involves stone formation in the kidney, bladder, and urinary tract. The reasons behind stone development in above mentioned areas are mainly associated with decreased urine volume and increased exc

Coherent Market Insights
Artificial Joints Market, by Material Type (Ceramics, Alloy, Oxinium, and Others), by Application (Artificial Joints of Knee, Artificial Joints of Hip, Artificial Joints of Shoulder, and Others), and by Product Type (Cemented Joints and Non-Cemented Joints) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : Mar 2018

Joint diseases and related conditions causes degradation of cartilage and fluid between bones, which is necessary for smooth, painless, and quick movement of joints. Degenerative disorders such as osteoarthritis and stress related conditions results in abnormalities i

Coherent Market Insights
Laboratory Filtration in Health Care Market, By Product (Filtration Assemblies, Filtration Media, and Filtration Accessories), By Technology (Microfiltration, Ultrafiltration, and Others), By End User (Pharmaceutical & Biopharmaceutical Companies, Academic & Research Institutes, and Hospital & Diagnostic Laboratories) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 - 2025

To Be Published : Mar 2018

Filtration has a wide laboratory-scale applications as it is used in various fields, such as research laboratories, microbial analysis, discovery and development of drugs and vaccines, and virus removal. Laboratory filtration is used in sample preparation prior to the

Coherent Market Insights
Endoscope Reprocessing Device Market, By Product Type (Ultrasonic washers, Pasteurizers, Washer- Disinfectors, Sterilizersm, and Automated Endoscope Reprocessors), By Modality (Stand- alone Endoscopic Reprocessors and Bench Top Endoscopic Reprocessors), By End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 – 2025

To Be Published : Mar 2018

Endoscope reprocessing devices are used in the healthcare settings for the reprocessing procedures of the endoscopes. The endoscope reprocessing devices are used to decontaminate the instruments and devices such as duodenoscopes, endoscope accessories, and others. End

Coherent Market Insights
Audiology Devices Market, By Device Type (Cochlear Implants, Diagnostic Devices, and Others ), By Disease Type (Otitis Media, Ostosclerosis, Tinnutus, Ménière´s Disease, and Others), By End Users (Hospitals, Audiology Clinics, Others), And Region - Insights, Size, Share, Opportunity Analysis, & Industry Forecast Till 2025

To Be Published : Mar 2018

Deafness is a result of an impairment in the ear or damage to the nerves associated with hearing. The causes for these defect include congenital defects, injuries, diseases, side effects of medications, age-related factors, and exposure to loud noise. Audiology device

Coherent Market Insights
Wearable Injector Market - By Product type (On-body, Off-body, and Hand-held), By Usage (Disposable, Semi-Reusable), By Technology (Spring-based, Motor-driven, and Others), By Application (Diabetes, Autoimmune Disease, and Others), By End-use Industry (Hospital, Clinics, Home-Care) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Drugs are mostly viscous and has various formulations (intravenous, intramuscular, and subcutaneous) that needs to be absorbed into digestive tract, which raise multiple drug delivery issue with traditional drug delivery system. Moreover, such issues not only raise co

Coherent Market Insights
Orthodontic Supplies Market - By Product type (Fixed Braces, Removable Braces, and Adhesive), By Brackets Type (Conventional Brackets, Self-ligating Brackets, and Lingual Brackets), By Material (Metal, Ceramic, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Orthodontist deals with the diagnosis, prevention, and correction of improper position of teeth and jaws. Comprehensive orthodontic treatment include dental displacement, control, and modification of facial growth with the help of aesthetic ceramic material and stainl

Coherent Market Insights
Blood and Fluid Warming System Market - By Product Type (Patient Warming System, Surface Warming System, and Intravenous Warming System), By Application (New Born Care, Preoperative Care, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Hypothermia is a medical condition in which the body temperature drops below 95-degree Fahrenheit, mainly due to prolonged exposure to cold environment, where the person is incapable to breathe and hence, pulse gets slow down. It mainly occurs among very young and ver

Coherent Market Insights
ECG Cable and ECG Lead Wires Market – By Materials (TPU (Thermoplastic Polyurethane), TPE (Thermoplastic Elastomer), and Others), By Product Type (Single-Lead ECG Lead Wire, 3-Lead ECG Lead Wire, and Others), By Usability (Reusable and Disposable), By Application (Hospitals, Long Term Care Facility and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Electrocardiograph machines are used to measure the electrical activity of a patient’s heart. The electrical activity of the heart is recorded with the help of 12-lead ECGs and 10 electrodes placed on patient’s limbs and surface of the chest. Furthermore,

Coherent Market Insights
Nurse Call System Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 – 2025

To Be Published : Mar 2018

Nurse call system allows patients in health care settings to alert a nurse or any other health care staff, in case assistance is required. Some nurse care systems allow patients to speak directly to the staffer, some buzz at the station, while others simply beep, requ

Coherent Market Insights
Extracorporeal Membrane Oxygenation Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Extracorporeal membrane oxygenation treatment is a technique of providing prolonged cardiac and respiratory support to the heart and lungs of patient with inability of utilizing adequate amount of gas exchange. This technique uses a pump

Coherent Market Insights
HbA1c Testing Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

HbA1c test is used to screen and diagnose for diabetes and prediabetes in patients. Hemoglobin molecule from the blood cell sticks to the glucose that gives rise to glycosylated hemoglobin molecule termed as hemoglobin A1C (HbA1C). Patients with high glucose level hav

Coherent Market Insights
Immunoassay Instruments Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Immunoassay Instruments are bioanalytical devices used to perform automated biochemical tests for the detection of various substances or specific proteins in the samples. The immunoassay instruments, also known as analyzers are used in hospitals and clinical laborator

Coherent Market Insights
Intracranial Pressure Monitoring Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Intracranial pressure is the pressure inside the skull that might increase due to rise in pressure of cerebrospinal fluid or it may be due to rise in pressure within the brain. Intracranial pressure might arise due to a brain tumor, fluid around the brain or bleeding

Coherent Market Insights
Intraoperative Neuro-monitoring (IONM) Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Mar 2018

Intraoperative neuromonitoring referred as intraoperative neurophysiological monitoring (IOM), is an integral part of surgical procedures that use electrophysiological techniques such as electromyography (EMG), Electroencephalography (EEG), and evoked potentials to mo

Coherent Market Insights
Holter Monitor Market By Product Type (Single channel, Double channel, and Multi-channel) and End User (Hospitals, Ambulatory surgical center, Clinic, and Homecare) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : Mar 2018

Holter monitor are movable device that are used for recording heart electrical activities.  A Holter monitor is a battery-operated movable device that measures and records the heart action constantly for 24 to 48 hours depending on the type of monitoring use

"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.