Global Medical Devices Market Report 2023-2028. Featuring Profiles of Medtronic, Johnson & Johnson, Becton Dickinson, Rocher, Danaher and More

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Nov 20, 2023, 12:30 ET

DUBLIN, Nov. 20, 2023 /PRNewswire/ -- The "Global Market for Medical Devices, 13th Edition" has been added to ResearchAndMarkets.com's offering.

The medical device industry, commonly referred to as the medtech industry, plays a pivotal role within the broader healthcare sector. This industry undergoes continuous evolution due to ongoing advancements in technology, equipment, diagnostic tools, and medical devices. These innovations have the profound impact of extending and enhancing the lives of patients, promoting longevity and well-being. However, the medical device industry faces distinctive challenges, primarily characterized by stringent regulations across the globe, as discussed in the regulatory section of this report.

Devices must undergo approval for reimbursement, and pricing negotiations often involve group purchasing organizations and governments. Companies operating in this sector must consistently invest in research and development to drive market success through innovation.

Despite these challenges, medical devices stand to benefit from serving an aging global population. Emerging market nations also prioritize medical devices as they expand their economies and healthcare expenditures. This has attracted numerous competitors, investors, and venture capitalists to the field.

The report offers insights into the latest market trends and forecasts. The competitive landscape has shifted for some companies due to the pandemic and mergers, while restructuring and divestitures of medical device units have also influenced results.

This report includes:

An overview of medical devices and relevant regulations in 50 world markets.
Market size estimates and forecasts up to 2028 for the global market, the United States market, and various country markets, including Brazil, Canada, China, Germany, India, Japan, and more.
An index of leading device companies.
Market analysis for specific categories of medical devices.
Examination of market drivers and limiters.
Company profiles of major device manufacturers.

This report focuses on medical devices used for treatment, diagnosis, or monitoring of medical conditions. It excludes medical IT and services associated with many devices, such as laboratory service fees and patient monitoring services. The market is highly fragmented, with hundreds of companies participating worldwide, although the bulk of revenues are generated in specific categories:

cardiovascular,
dialysis,
respiratory,
in vitro diagnostics (IVD),
patient monitoring,
wound care,
imaging
dental
minimally invasive surgical instruments
and orthopedics being top areas.

Top companies in the industry vary in terms of their specialization, and consolidation trends are increasingly apparent. The top 15 companies continue to capture a growing share of the market each year, and rankings may shift due to significant acquisitions. While most companies operate in specific markets, major players like Medtronic, J&J, Siemens Healthineers, Danaher, and Philips are multi-billion-dollar entities active in several categories. In the United States alone, there are thousands of companies manufacturing medical devices, with many being private and having fewer than 50 employees.

Key Topics Covered:

Chapter 1: Executive Summary

Chapter 2: Introduction

Chapter 3: Mergers and Acquisitions

Cordis Acquires MedAlliance
Abbott Completes Acquisition of Bigfoot Biomedical
Boston Scientific Agrees to Acquire Relievant MedSystems
Inogen Completes Acquisition of Physio-Assist
Laborie Medical Technologies Agrees to Acquire Urotronic
Restor3d Completes Acquisition of Conformis
Amber Therapeutics Acquires Bioinduction Limited
STERIS Completes Acquisition of Assets from Beckton Dickinson
Globus Medical Completes Acquisition of NuVasive
Enovis Completes Acquisition of Novastep
Zavation Acquires CoreLink
Stryker Acquires Cerus Endovascular
Merit Medical Acquires Dialysis Portfolio from AngioDynamics
Abbott Signed Agreement to Acquire Cardiovascular Systems
Shockwave Acquires Neovasc
Bausch + Lomb Acquires AcuFocus
Laborie Acquires Novonate
Silony Medical Agrees to Acquire Centinel Spine's Business
Caldera Medical Acquires Atlantic Therapeutics
Siemens Healthineers' Varian Acquires Aspekt Solutions
Envoy Medical Merges with Anzu Special Acquisition Corp
Ra Medical Systems Acquires Catheter Precision
Selected Large Historic Medical Device Acquisitions
Medtronic Acquires Covidien and Other Companies
Dentsply-Sirona Merger
Stryker Corporation Active in M&A - Integrating Wright Medical
Wright Medical Stryker Corp. and Wright Medical: $4.7 Billion Opportunity
AbbVie and Allergan - A $63 Billion Deal

Chapter 4: Selected Specific Device Markets

Chapter 5: Market Analysis

Market Drivers
Aging Population
Increase in Chronic Disease
Market Constraints
Pressure on Prices
Group Purchasing Organization
Value Analysis Committees
Medical Device Size and Growth
Market by Region
Market by Country: Top 20

Chapter 6: Company Profiles: Bellwether

Medtronic
Johnson & Johnson
Abbott Laboratories
Becton Dickinson
Siemens Healthineers
Cardinal Health
Royal Philips
Roche
Stryker
GE Healthcare
Boston Scientific
Danaher
Baxter International
Zimmer Biomet Holdings
Alcon

Chapter 7: Other Market Participants

3M Health Care
Asahi Kasei
Braun Melsungen
Canon Medical Systems
Coloplast
ConvaTec
Dentsply-Sirona
Dragerwerk AG & Co. KGaA
Fresenius SE & Co. KGaA
ICU Medical
Masimo
Mindray Bio-Medical Electronics
Molnlycke Health Care
Nova Biomedical
Olympus
ResMed
Smith & Nephew
Steris
Teleflex
Terumo
Vyaire Medical
ZimVie

For more information about this report visit https://www.researchandmarkets.com/r/2c0vky

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