Medical Devices: market research reports
Medical Devices is an extremely broad category encompassing a broad range of simple consumer products to highly technical and complex diagnostics machinery. The participants in the sector are equally fragmented with thousands of small firms competing with and supplying large multi-billion-dollar healthcare companies like Johnson & Johnson, GE, Siemens and Medtronic to small start-ups and niche players.
The complexity of the industry has increased rapidly as new hybrid devices have become common. Devices such as drug-eluting stents and other implantable devices that incorporate a pharmaceutical component have entered the market in the past decade. New drug delivery mechanisms often also cross-over categories between the device sector and the pharma sector. Information technology has also contributed to that increasing complexity, as monitoring and imaging systems incorporate telecommunications and data processing capabilities.
Like other areas of medical product manufacturing like pharmaceuticals and diagnostics, the $330 billion medical device industry is highly regulated globally. Reimbursement levels for devices used in both the critical care and home/consumer-use settings continues to be a challenge for the industry as manufacturers must now more than ever prove the efficacy and cost benefits of their devices in clinical outcomes and not just novelty.
MarketResearch.com’s collection of market research studies on medical devices industry will help you stay competitive and grow in this healthy market. We offer a full array of studies on subjects ranging from simple bandages to large and complex magnetic resonance imaging systems, from disposables like gloves, gowns, and catheters to durables like medical beds, wheel chairs, and dialysis machines.