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 Negative Pressure Wound Therapy (NPWT) Devices Market, By Device Type(Standalone Devices, Single-use Devices, Portable Devices, and Accessories), Application(Diabetic Foot Ulcers, Venous Leg Ulcers, Pressure Ulcers, Burn Wounds), and Geography - Trends, Analysis, Size & Forecast till 2024

Published Date : Feb 2017

Negative Pressure Wound Therapy Devices – A Panacea for High-risk Wounds Following a surgery, incisions are usually closed using sutures, staples or adhesives. However, in case of chronic wounds, where

Coherent Market Insights
Global Dental Implants Market, By Product Type (Titanium, Zirconia), Technique (Root form, Canal form), Population Demographics (Geriatric, Middle-aged, Adult, Others), End User (Dental Labs, Hospitals, Others), and Geography - Trend, Analysis and Forecast till 2024

Published Date : Jan 2017

Dental Implants Dental implants are witnessing steady growth in demand, owing to rise in geriatric population and higher inclination of the populace towards maintaining aesthetic looks. Post the invention of

Coherent Market Insights
Global Geriatric Care Services Market, By Service Type (Home Healthcare, Assisted Living Facilities, Adult Day Care Services, Continuing Care, Skilled Nursing Facilities), and By Geography - Trends, Analysis and Forecast till 2026

Published Date : Jan 2017

Geriatric Care Services – Ageless Care Aging increases the risk of chronic diseases such as diabetes, cardiac disorders, arthritis, and respiratory disorders that require continuous monitoring. Also, ag

Coherent Market Insights
Global Clinical Laboratory Services Market, By Test Type (Clinical Chemistry, Medical Microbiology & Cytology, Human & Tumor Genetics, Other Esoteric Tests), Service Provider(Clinic-based, Hospital-based, Standalone), and Geography - Trends, Analysis and Forecast till 2024

Published Date : Jan 2017

Clinical Laboratory Service – Be informed of your health in advance Around 70% of medical decisions are based on lab results, as revealed by statistic released by Quest Diagnostics. Thus, optimization o

Coherent Market Insights
Global Custom LASIK Surgery Market, By Procedure (Wavefront Guided, Wavefront Optimized, Topography), Therapeutic Applications (Myopia, Hyperopia, Astigmatism, Others), and Geography - Trends, Analysis and Forecast till 2024

Published Date : Jan 2017

Custom LASIK Surgery – Alternative to Eyewear LASIK surgery is a highly effective method to correct vision and is especially useful in treatment of various refractive disorders such as myopia, hyperopi

Coherent Market Insights
Global Dental Equipment Market, By Equipment Type (Dental imaging equipment, Dental lasers, Hygiene maintenance devices, Systems and parts), End User (Hospitals , Dental clinics, Dental laboratories), and Geography - Trends,Size and Forecast till 2024

Published Date : Jan 2017

Dental Equipment – Advance low cost technologies to drive the dental equipment market Dentistry is an ever-evolving healthcare segment, with numerous technologies being researched, developed, tried and

Coherent Market Insights
Global Deep Brain Stimulation Devices Market, By Application (Parkinson's Disease, Essential Tremor, Dystonia, Others), and By Geography - Trends, Outlook, and Forecast from 2016-2024

Published Date : Jan 2017

Deep Brain Stimulation Devices Deep brain stimulation (DBS) device, often described as brain pacemaker, aids in alleviating symptoms of Parkinson’s disease (PD). The device is implanted at one of the th

Coherent Market Insights
Global Blood Processing Devices and Consumables Market, By Product Type (Devices, Consumables), and By Geography - Trends, Size, and Forecast from 2016 to 2024

Published Date : Jan 2017

Blood Processing Devices and Consumables – One Pint Saves Three Lives Blood collected from donors can be stored and transfused in an unmodified state, referred to as whole blood

Coherent Market Insights
Global Elderly and Disabled Assistive Devices Market, By End User (Hospital, Home Care Settings), By Device Type (Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, Vision and Reading Aids), and By Geography - Trends and Forecast 2014 - 2024

Published Date : Jan 2017

Elderly and Disabled Assistive Devices – Evolving from Luxury to Necessity Assistive devices and technologies minimize individual’s dependence on others and helps improve quality of life. Devices such as wheelchairs, visual a

Coherent Market Insights
Global Breast Pumps Market, By Product Design (Open-system, Closed-System), By Technology (Manual, Single Electric, Double Electric), By Pumping System (Homecare settings, Hospitals, Maternity centers), and By Geography - Trends and Forecast till 2024

Published Date : Jan 2017

Breast Pumps – A Perfect Solution for Nursing Mothers Breast pumps are a boon for working women who cannot constantly nurse their babies due to work commitments. Commercially available types of breast p

Coherent Market Insights
Automated Breast Ultrasound Systems (ABUS) Market – By Product Type (Prone and Supine), By End-user (Hospitals, Ambulatory Surgical Units, and Diagnostic Center), By Application (Screening and Pre-operative Evaluation), By Geography – Trends and Forecast to 2024

Published Date : Dec 2016

Automated Breast Ultrasound Systems – The Future of Breast Screening Breast cancer is the most commonly diagnosed type of cancer and the second leading cause of death among women, as evident from stats

Coherent Market Insights
Prosthetic Heart Valves Market, By Product Type (Transcatheter Heart Valves, Mechanical Heart Valves and Tissue Heart Valves), By End User (Hospitals and Ambulatory Surgical Centers), and Geography - Global Trends, and Forecast to 2025

Published Date : Feb 2018

Global Prosthetic Heart Valves Market - Insights Prosthetic heart valve refers to a device implanted in the heart of a patient suffering from valvular heart disease. Replacement of a diseased valve with a pro

Coherent Market Insights
Global Continuous Glucose Monitoring (CGM) Market, By Product Type (Transmitters and Receivers, Insulin Pumps, Sensors), By Application (Diabetic Patients, and Diabetes Critical Care Patients), and By Geography - Trends and Forecast to 2024

Published Date : Dec 2017

Continuous Glucose Monitoring – Live an Uninterrupted Life Diabetes is a major global concern that, as per International Diabetes Federation (IDF) data, affected around 415 million people in 2015. Effec

Coherent Market Insights
Global Life Sciences BPO Market, By Service Type (Medical Device Outsourcing and Pharmaceutical Outsourcing), End User (Healthcare Providers and Healthcare Payers) and by Geography - Trends and Forecast to 2024

Published Date : Dec 2016

Life Sciences BPO Services – Helping healthcare companies improve ROI and upscale their business The healthcare industry is characterized by high competition, increased cost pressure, and decreasing res

Coherent Market Insights
Brain Health Devices Market, By Devices (Magnetic Resonance Imaging, Magneto Encephalogram, Computed Tomography, Transcranial Doppler Device, and Others), By Applications (Stroke, Dementia, Epilepsy, Dyslexia, and Others), By End User (Hospitals, Specialty Clinics, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Brain health devices are used in the treatment of neurological disorders such as Alzheimer disease and other dementias, epilepsy, cerebrovascular diseases, including stroke, migraine, and other headache disorders, Parkinson’s disease, multiple sclerosis, neuroin

Coherent Market Insights
Gas Chromatography Market, By Instrument (Sampler, Auto Sampler, and Others), By Accessories and Consumables (Column, Fitting and Tubing, and Others), By End User (Chemical Industry, Oil and Gas Industry, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Gas chromatography is a technique used for analyzing and separating compounds that can vaporize without decomposing. It is used to test purity and quality of substances, analyze biological specimen, and forensics. Moreover, gas chromatography and mass spectrometry (GC

Coherent Market Insights
Pigmented Lesion Treatment Market, By Laser Type ( Fractional CO2, Diode, Infrared, and Others), By Indication Type (Non-melanocytic Lesions, Melanocytic Lesions), By End User (Hospitals & Skin Clinics), By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Pigmented lesion is a skin disease usually referred to as melanocytic proliferations. Pigmented lesions are brown, black or blue in color, due to melanin, blood, or exogenous pigment. Spreading or growing lesions, pigmented lesions on exposed skin can be a symptom of

Coherent Market Insights
Spinal Implants Market, By Implant Type (Fusion Implants (Rods, Screws, Hooks, Plates, Cages), Non Fusion Implants (Growth-sparing Devices, Artificial Discs), and Bone Grafts), By Application (Posterior Spine Fusion, Anterior Spine Fusion), By End User (Hospitals, Orthopedic Centers, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Spinal Implants are used in spondylolisthesis, traumatic fracture, degenerative disc disease, and several forms of spinal instability including scoliosis with a spinal implant surgery. Implant systems with predesigned shape and function according to the requirement ar

Coherent Market Insights
Patient Warming Devices Market, By Product Type (Surface Warming System, Intravascular Warming System, Patient Warming Accessories), By Application (Acute Care, Perioperative Care, New Born Care, Others), By End User (Hospitals, Clinics, Nursing Facilities, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Patient warming devices are used by healthcare professionals during surgeries and for intra-hospital patient transfer. Severely wounded patients may suffer or die from hypothermia and these patient warming devices have proven to be very effective in such cases. Physio

Coherent Market Insights
Ophthalmic Lasers Market, By Laser Type (Nd: YAG Laser, Frequency Doubled Green Laser, SLT Laser, Excimer Laser, Femtosecond Laser, Cyclodiode Laser), By Application (Cataracts, Glaucoma, Diabetic Retinopathy, Macular Degeneration (AMD), Refractive Corrections), By End User (Hospitals, Eye Clinics, Ambulatory Surgical Centers, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Ophthalmic lasers are used for treatment of wide range of eye problems. Significant accuracy, low-cost, safe procedure, and convenient ophthalmic tools has increased the demand for ophthalmic lasers. Patients prefer ophthalmic lasers treatment due to pain free procedu

Coherent Market Insights
Electrosurgery Market, By Instrument Type (Monopolar Instruments, Bipolar Instruments, Electrosurgery Accessories), By Application (General Surgery, Cosmetic Surgery, Orthopedic Surgery, Gynecology Surgery, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Electrosurgery involves application of electrical current to a biological tissue to cut, coagulate, desiccate or fulgurate. Electricity is used to cause thermal destruction of tissue through dehydration, coagulation, or vaporization.  The tissue acts a

Coherent Market Insights
Dental Consumables Market, By Consumables Type (Implants, Prosthetics, Orthodontics, Endodontics, Infection Control, Periodontics, Whitening Products, Fluorides, Sealants, Splints, Others), By End User (Hospitals, Dental Clinics, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Dental consumables are specially created materials and are specifically designed according to the need in dental complications. Different types of dental consumables are available and their application and characteristics differ according to their intended use. Dental

Coherent Market Insights
Medical Devices Market - Global Competitive Analysis

To Be Published : Aug 2018

Medical devices are an integral part of the healthcare industry as they play an important role right from diagnosis up to the end stage of any disease management. Medical technology is already capable of diagnosing, monitoring and treating every disease or condition t

Coherent Market Insights
Sleeping Aids Market - by Product Type (Drugs, Sleep Apnea Devices, and Mattresses and Pillows) and by Disorder (Insomnia, Sleep Apnea, Narcolepsy, Sleep Walking, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Sleeping aids, also known as hypnotics are sleeping pills or devices, which are used to induce sleep. It is used in the treatment of various sleeping disorders such as narcolepsy, sleep apnea, and insomnia, which are caused due to factors such as psychiatric disorders

Coherent Market Insights
Continuous Renal Replacement Therapy Market, By Product Type (Dialysate and Replacement Fluids, Disposables, Bloodline Sets, and Hemofilters System), By Modality (Slow Continuous Ultrafiltration, Continuous Venovenous Hemofiltration, Continuous Venovenous Hemodialysis, and Continuous Venovenous Hemodiafiltration), By End User (Hospitals and Dialysis Clinics) - Global Industry Insights, Outlook And Opportunity Analysis, 2026 – 2026

To Be Published : Aug 2018

Renal replacement is a therapy used to exchange the normal blood-filtering function of the kidneys. It plays a vital role in treating severe acute kidney injuries and end-stage kidney diseases. Renal replacement therapy are of three types, which includes peritoneal di

Coherent Market Insights
Direct-to-Consumer Genetic Testing Devices Market, by Application (Health Testing, Ancestry, Relationship Testing, Talent Testing, Matchmaking, and Others) and by Type of Sample (Saliva, Blood and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

To Be Published : Aug 2018

Genetic testing is a type of medical test that determines changes in genes, chromosomes, or proteins. The tests was available only through healthcare professionals such as doctors, nurses, and genetic counselors. However, this trend is gradually shifting towards the c

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, 2018-2026

To Be Published : Aug 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, 2018-2026

To Be Published : Aug 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

"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.