Pharma
Global Medical Device & Accessories Market Opportunities and Forecast 2020-2027
  • DLR2126
  • 20 August, 2022
  • Pharma & Healthcare
  • Pages: 120
  • Global
Global Medical Device and Accessories Market, By Type of Device (Suture Needles, Diabetes Monitors, A Nerve Stimulator, Cochlear Implant, Dental Implant, Therapeutic Medical Guide, Catheters, Coronary Pressure Monitors, Cardiovascular Applications), and opportunities and forecast 2020-2027

Medical Device and Accessories Market Overview

The devices used in the monitoring, diagnosis and treatment of various diseases are made up of a variety of appliances, apparatus, software, materials, and other products accessible on the market device and accessories market.
 
Because of the rise in chronic diseases such as asthma, back pain, cardiovascular disease, diabetes, chronic obstructive pulmonary disease, cancer, arthritis, and mental health, the medical device, and accessories market is growing rapidly. As the prevalence of chronic diseases rises, so does the demand for various medical devices and accessories. In addition, the medical devices and accessories market in the global market is driven by recent technological advancements.
 
The government's expanding measures for improving the medical sector, as well as their increasing spending on it, provide a variety of growth prospects for the medical devices and accessories market in the global market. Moreover, during the anticipated time, the government will spend a significant amount of money on research and development. Because the majority of the population is worried about healthcare, the medical devices and accessories market has numerous prospects for growth in the global market.
 
The medical device and accessories market is expanding in the global market, but there are some restraints, such as government regulations and a lack of R&D spending in various developing and underdeveloped economies, that are limiting its growth.

Report Metric Details
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered Type of Device, and Region.
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered Johnson and Johnson Services, Inc., Stryker, KONINKLIJKE PHILIPS NV, GENERAL ELECTRIC, Siemens, Abbot Laboratories Inc., Medtronic, Danaher, Boston Scientific Corporation.


Covid-19 Impact on Medical Device and Accessories Market
 
In addition, the current Medical Device and Accessories Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Medical Device and Accessories Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
 
Medical Device and Accessories Market Segment Overview



According to the Type of Device, Cardiovascular Applications is one of the largest segments in the global Medical Device and Accessories Market. Some of the biomaterial devices used for the cardiovascular purpose is the cardiopulmonary bypass system, heart valves, vascular grafts, stents, pacemakers, and the complete artificial heart. The cardiovascular, or circulatory, the system supplies the body with blood. It consists of the heart, arteries, veins, and capillaries. CVD is now the most common cause of death worldwide. However, there are many ways to reduce the risk of developing these conditions.
 
Medical Device and Accessories Market, By Type of Device
·       Suture Needles
·       Diabetes Monitors
·       A Nerve Stimulator
·       Cochlear Implant
·       Dental Implant
·       Therapeutic Medical Guide
·       Catheters
·       Coronary Pressure Monitors
·       Cardiovascular Applications
 
Medical Device and Accessories Market Regional Overview

In terms of geography, the global Medical Device and Accessories market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is at the forefront and is predicted to continue to retain its lead position through the forecast period. Because of high healthcare expenditures, the presence of major manufacturers, well-developed technology, and a large population, the American region holds the highest share in the medical devices and accessories market. The European area holds the second-largest share of the medical device and accessories market, owing to an increase in chronic diseases, well-developed technology, and significant government backing. Because of the advancement of technology, the growing need for better monitoring equipment, and the growing pool of elderly patients, the Asia-Pacific region is the fastest-growing region in the global market and thus has a favorable outlook in the medical devices and accessories market. Because of the slow and weak growth of several emerging countries, the Middle East and Africa region have the smallest proportion.

Medical Device and Accessories Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Medical Device and Accessories Market, Key Players

·       Johnson and Johnson Services, Inc.
·       Stryker
·       KONINKLIJKE PHILIPS NV
·       GENERAL ELECTRIC
·       Siemens
·       Abbot Laboratories Inc.
·       Medtronic
·       Danaher
·       Boston Scientific Corporation

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the global Medical Device and Accessories market?

A. Because of the rise in chronic diseases such as asthma, back pain, cardiovascular disease, diabetes, chronic obstructive pulmonary disease, cancer, arthritis, and mental health, the medical device, and accessories market is growing rapidly

Q2. What are the restraining factors for the global Medical Device and Accessories market?

A. There are some restraints, such as government regulations and a lack of R&D spending in various developing and underdeveloped economies, that are limiting its growth.

Q3. Which segment is projected to hold the largest share in the global Medical Device and Accessories market?

A. Cardiovascular Applications segment is projected to hold the largest share in the global Medical Device and Accessories market

Q4. Which region holds the largest share in the global Medical Device and Accessories market?

A. North America holds the largest share in the global Medical Device and Accessories market

Q5. Which are the prominent players in the global Medical Device and Accessories market?

A. Johnson and Johnson Services, Inc., Stryker, KONINKLIJKE PHILIPS NV, GENERAL ELECTRIC, Siemens, Abbot Laboratories Inc., Medtronic, Danaher, Boston Scientific Corporation. are some key players in the global Medical Device and Accessories market.
Medical Device and Accessories Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Medical Device and Accessories Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Type of Device
        • 5.2.1. Suture Needles
        • 5.2.2. Diabetes Monitors
        • 5.2.3. A Nerve Stimulator
        • 5.2.4. Cochlear Implant
        • 5.2.5. Dental Implant
        • 5.2.6. Therapeutic Medical Guide
        • 5.2.7. Catheters
        • 5.2.8. Coronary Pressure Monitors
        • 5.2.9. Cardiovascular Applications
      • 5.3. Market Analysis, Insights and Forecast – By Region
        • 5.3.1. North America
        • 5.3.2. Europe
        • 5.3.3. Asia Pacific
        • 5.3.4. Latin America, Middle East and Africa

      6. North America Medical Device and Accessories Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Type of Device
        • 6.2.1. Suture Needles
        • 6.2.2. Diabetes Monitors
        • 6.2.3. A Nerve Stimulator
        • 6.2.4. Cochlear Implant
        • 6.2.5. Dental Implant
        • 6.2.6. Therapeutic Medical Guide
        • 6.2.7. Catheters
        • 6.2.8. Coronary Pressure Monitors
        • 6.2.9. Cardiovascular Applications
      • 6.3. Market Analysis, Insights and Forecast – By Country
        • 6.3.1. U.S.
        • 6.3.2. Canada

      7. Europe Medical Device and Accessories Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Type of Device
        • 7.2.1. Suture Needles
        • 7.2.2. Diabetes Monitors
        • 7.2.3. A Nerve Stimulator
        • 7.2.4. Cochlear Implant
        • 7.2.5. Dental Implant
        • 7.2.6. Therapeutic Medical Guide
        • 7.2.7. Catheters
        • 7.2.8. Coronary Pressure Monitors
        • 7.2.9. Cardiovascular Applications
      • 7.3. Market Analysis, Insights and Forecast – By Country
        • 7.3.1. UK
        • 7.3.2. Germany
        • 7.3.3. France
        • 7.3.4. Italy
        • 7.3.5. Spain
        • 7.3.6. Russia
        • 7.3.7. Rest of Europe

      8. Asia Pacific Medical Device and Accessories Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Type of Device
        • 8.2.1. Suture Needles
        • 8.2.2. Diabetes Monitors
        • 8.2.3. A Nerve Stimulator
        • 8.2.4. Cochlear Implant
        • 8.2.5. Dental Implant
        • 8.2.6. Therapeutic Medical Guide
        • 8.2.7. Catheters
        • 8.2.8. Coronary Pressure Monitors
        • 8.2.9. Cardiovascular Applications
      • 8.3. Market Analysis, Insights and Forecast – By Country
        • 8.3.1. China
        • 8.3.2. India
        • 8.3.3. Japan
        • 8.3.4. Australia
        • 8.3.5. South East Asia
        • 8.3.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa Medical Device and Accessories Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Type of Device
        • 9.2.1. Suture Needles
        • 9.2.2. Diabetes Monitors
        • 9.2.3. A Nerve Stimulator
        • 9.2.4. Cochlear Implant
        • 9.2.5. Dental Implant
        • 9.2.6. Therapeutic Medical Guide
        • 9.2.7. Catheters
        • 9.2.8. Coronary Pressure Monitors
        • 9.2.9. Cardiovascular Applications
      • 9.3. Market Analysis, Insights and Forecast – By Country
        • 9.3.1. Brazil
        • 9.3.2. Saudi Arabia
        • 9.3.3. UAE
        • 9.3.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Johnson and Johnson Services, Inc.
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Stryker
      • 10.6. KONINKLIJKE PHILIPS NV
      • 10.7. GENERAL ELECTRIC
      • 10.8. Siemens
      • 10.9. Abbot Laboratories Inc.
      • 10.10. Medtronic
      • 10.11. Danaher
      List of Figures

      Figure 1: Global Medical Device & Accessories Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
      Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 9: Global Medical Device & Accessories Market Forecast (USD Billion), by Others, 2016-2027
      Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
      Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
      Figure 16: North America Medical Device & Accessories Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
      Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
      Figure 31: Latin America Medical Device & Accessories Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
      Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
      Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
      Figure 47: Europe Medical Device & Accessories Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
      Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
      Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
      Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
      Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
      Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
      Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
      Figure 67: Asia Pacific Medical Device & Accessories Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
      Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
      Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
      Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
      Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
      Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
      Figure 86: Middle East & Africa Medical Device & Accessories Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
      Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
      Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027 
      List of Tables
      Table 1: Global Medical Device & Accessories Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
      Table 5: North America Medical Device & Accessories Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 9: Europe Medical Device & Accessories Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 13: Latin America Medical Device & Accessories Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 17: Asia Pacific Medical Device & Accessories Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 21: Middle East & Africa Medical Device & Accessories Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027

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