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
Pharmaceutical Robots Market, By Product Type (Cartesian Robots, Selective Compliance Assembly Robot Arm (SCARA) Robots, Articulated Robots, and Others), By Application (Picking and Packaging, Drugs Inspection, and Laboratory Applications), By End User (Pharmaceutical Companies and Research Laboratories), By Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Laboratory robotics is an act of using robots in life science, chemistry, and pharmaceutical laboratories to perform tasks which are beyond human capabilities such as continuous productivity and safety. Laboratory automation is the prominent segment in robotics field.

Coherent Market Insights
Endovascular Aneurysm Repair (EVAR) Market, by Product Type (Fenestrated EVAR, Adjunctive Stent Graft, Branched Stent Graft, and Others), By Indication (Abdominal Aortic Aneurysm (AAA), and Thoracic Aortic Aneurysm (TAA)), By End User (Hospitals, Ambulatory Care Services, and Specialty Clinics), and By Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Aortic aneurysm is a medical condition, in which aorta, gets enlarged. Abdominal and Thoracic are two categories of aortic aneurysm. These conditions can lead to abdominal pain, low blood pressure, loss of consciousness or even death. Endovascular aneurysm repair (EVA

Coherent Market Insights
Nasal Packing Devices Market, by Product Type (Injectable, Gel, Spray, Dressings), by Material (Bio-resorbable and Non-absorbable), by End User (Hospitals & Nursing Homes, Clinics, Ambulatory Surgical Centers , Home Care Settings, and Other), and Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Nasal packing device are intranasal devices that exert constant local pressure to the nasal septum, indicated for epistaxis, also known as nosebleed. Epistaxis occurs due to rupturing of a small blood vessel in the nose lining. Interior of the nose is delicate and hig

Coherent Market Insights
Tubeless Insulin Pump Market, by Component (Pod/Patch, Remote, and Accessories), and by End User (Hospitals, Pharmacies, and E-Commerce) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis 2018-2026

To Be Published : Aug 2018

Tubeless insulin pump is a portable pump, which is effective in controlling blood glucose level. Advancements in technologies of insulin pumps, which reduce the need for daily insulin injection doses is expected to boost growth of the tubeless insulin pump market over

Coherent Market Insights
Degenerative Disc Disease Treatment Market, By Treatment (Artificial Disc Replacement (Cervical Spine, Lumbar Spine, and thoracic spine) and Spinal Fusion), and By End User (Hospitals, Clinics, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Degenerative disc disease is a spinal condition caused by the breakdown of your intervertebral discs. The symptoms observed for degenerative disc disease are tingling or numbness in legs or difficulty walking. This disease is diagnosed with physical examination, throu

Coherent Market Insights
Burn Care Market, by Type of Burn (Minor, Partial-Thickness and Full-Thickness), by Product Type (Traditional Burn Care Products, Advanced Dressings and Biologics), by End User (Hospitals, Clinics, Home Care Settings) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Burn wounds are extremely painful, frequently highly traumatic and can lead to permanent scarring, disfigurement or even death. The management of these wounds is based on the injured area, and severity of burns and by the depth includes minor, partial and full-thickne

Coherent Market Insights
Cardiac Monitoring Devices Market, By Product Type (Holter Monitor, Event Monitor, Loop Monitor, Insertable Cardiac Monitor (ICM), and Mobile Cardiac Telemetry Devices), By Application (Arrhythmia, Coronary Artery Disease, and Hypertension), By End User (Hospital, Clinics, and Ambulatory Surgery Centers) and Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Cardiac monitoring devices enable continual observation of patients with heart disorders. These devices are commonly used in emergency rooms and critical care units and primarily in arrhythmias to monitor the rate of heartbeats. Common types of cardiac monitoring devi

Coherent Market Insights
Therapeutic Drug Monitoring Market, by Product (Equipment and Consumables), by Technology (Enzyme Immunoassay, HPLC LC/MS, GC/MS, Fluorescence Polarization Immunoassay, and Mass Spectrometry), by End User (Hospitals, Pathological Labs, Pharmaceutical and Biotechnology Industries, and Research and Academic Institutes), and by Geography – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Therapeutic drug monitoring is a multidisciplinary practice of measuring drug amount in bloodstream to maintain its effective concentration. It is used to maximize efficacy of drug, avoid toxicity and adverse drug reactions (ADR), facilitate dose adjustment according

Coherent Market Insights
Medical Gas Analyzers Market, By Analyzer Type (Single Gas Analyzer, and Multiple Gas Analyzer), By Technology (Optical, Infrared, and Electrochemical), By End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Research Institutes and Laboratories, and Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Medical gas analyzers are used in hospital settings to keep a track of various gases that are used in different medical therapies. These medical gases include oxygen, carbon dioxide, nitrogen dioxide, and medical air. Medical gases have therapeutic advantages as it en

Coherent Market Insights
Aesthetic Laser Device Market, by Product Type (Laser Resurfacing Devices, Body Contouring Device, and Others), by Application (Hair Removal, Vascular Lesions, Acne & Scars, and Others), and by End User (Hospitals, Ambulatory Surgery Centers, and Dermatology Clinics) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

The recent past has witnessed a rampant rise in consumer awareness and inclination towards personal aesthetics and maintenance or altering the same. Many aesthetic laser devices and tools such as infrared devices, dermal lasers, radio frequency-based devices, intense

Coherent Market Insights
Urinary Catheters Market, by Product Type (Foley Catheters, Intermittent Catheters, and External catheters), by Application (Benign Prostate Hyperplasia, Urinary Incontinence, Spinal Cord Injury, and Others), by End User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), and Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2026 – 2026

To Be Published : Aug 2018

Urinary catheter is a tube used to collect urine from the bladder. The catheters are mostly recommended by the healthcare providers for people suffering from bladder disorders such as urinary incontinence and urinary retention. The catheters are usually made of latex,

Coherent Market Insights
Cataract Surgery Devices Market, by Product Type (Intraocular Lens, Ophthalmic Viscoelastic Device, Phacoemulsification Equipment, and Femtosecond Laser Equipment), by End User (Hospitals, Clinics, and Ophthalmology Centers) and Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Cataract surgery devices are used during the surgical procedures to treat cataract, which is an eye disorder that causes clouding of the lens leading to defects in vision. Cataract is one of the most widespread disease causing blindness and it reduces vision ability.

Coherent Market Insights
Vitreous Tamponades Market, by Type (Gaseous Tamponade, Liquid Tamponade) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Vitreous tamponades are essentials used in vitrectomy procedures for healing or reattachment of retina and in vitreous dysfunction. They are majorly used in various retinal disorders such as retinal detachment, diabetic retinopathy, retinitis pigmentosa, retinal degen

Coherent Market Insights
Retractable Needle Safety Syringes Market, by Product Type (Manual Retractable Needle Safety Syringe and Automated Retractable Needle Safety Syringe), by End Users (Hospitals, Clinics, and Ambulatory Surgical Units) and by Region (North America, Latin America, Europe, Asia Pacific, and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2026 – 2026

To Be Published : Aug 2018

A retractable needle safety syringe is a type of safety syringe that comes along with integrated safety mechanism. It is designed in such a way that protruding needle is withdrawn into the barrel of syringe after the delivery of medication/dose. After medication is ex

"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.