The Global Market for Medical Devices, 11th Edition
Description
The Global Market for Medical Devices, 11th Edition
The medical device industry has unique challenges and opportunities. During 2020, many of these challenges, and opportunities, were highlighted even more so. It is a heavily regulated industry in most nations of the world. Devices need to be approved for reimbursement and prices are negotiated in many cases by group purchasing organizations and governments. Companies in the field must make constant research and development investments to produce the innovations that drive market success. Yet, despite these challenges, devices also benefit from servicing an enlarging elderly population around the world. Devices are also among the first priority of emerging market nations, as they increase the size of their economies and their healthcare spending. Therefore, there are a great many device competitors and continued investors and venture capital interested in the field..
This eleventh edition of Kalorama Information’s The Global Market for Medical Devices consists of new market trends and forecasts based on events from the COVID-19 pandemic. Market share position has changed for some companies as a result of the pandemic and for some mergers, restructuring and divestitures of certain medical device units have impacted results. With increasing growth in the market, companies are merging to build revenue growth and present combined offerings to hospital and physician customers; however, the volume of acquisitions declined in 2020 due to uncertain market conditions.
The US economy continues to recover from the setbacks in 2020; while Europe faced a second-round of lockdowns in Q4 2020, which slowed recovery for the region. In Europe as well as the United States, reimbursement challenges and the threat of new, and changing legislation looms. Emerging markets again helped to boost company revenues, but the double-digit growth of past years was not present for 2020 and forecasts are conservative going forward as continued recovery fosters.
As part of its coverage, this report contains: an overview of medical devices and relevant regulation in 50 world markets; market size estimate and forecast to 2025 for the global market, the United States market and several country markets, including China, Japan, India Brazil, Germany, Canada and other nations; an index of bellwether device companies; markets for specific categories of medical devices; a look at market drivers and limiters; and company profiles of major device concerns.
Medical Device Categories
While there are hundreds of types of products that can be classified as medical devices, a few specific categories and products make up the bulk of the market and form the backbone of Kalorama’s analysis in this report. These 50+ categories include:
For the purposes of this study, Kalorama Information has identified 15 medical device companies with a diverse enough product range, significant revenues and performance to provide insight into the industry as a whole.
The following companies are included:
The medical device industry has unique challenges and opportunities. During 2020, many of these challenges, and opportunities, were highlighted even more so. It is a heavily regulated industry in most nations of the world. Devices need to be approved for reimbursement and prices are negotiated in many cases by group purchasing organizations and governments. Companies in the field must make constant research and development investments to produce the innovations that drive market success. Yet, despite these challenges, devices also benefit from servicing an enlarging elderly population around the world. Devices are also among the first priority of emerging market nations, as they increase the size of their economies and their healthcare spending. Therefore, there are a great many device competitors and continued investors and venture capital interested in the field..
This eleventh edition of Kalorama Information’s The Global Market for Medical Devices consists of new market trends and forecasts based on events from the COVID-19 pandemic. Market share position has changed for some companies as a result of the pandemic and for some mergers, restructuring and divestitures of certain medical device units have impacted results. With increasing growth in the market, companies are merging to build revenue growth and present combined offerings to hospital and physician customers; however, the volume of acquisitions declined in 2020 due to uncertain market conditions.
The US economy continues to recover from the setbacks in 2020; while Europe faced a second-round of lockdowns in Q4 2020, which slowed recovery for the region. In Europe as well as the United States, reimbursement challenges and the threat of new, and changing legislation looms. Emerging markets again helped to boost company revenues, but the double-digit growth of past years was not present for 2020 and forecasts are conservative going forward as continued recovery fosters.
As part of its coverage, this report contains: an overview of medical devices and relevant regulation in 50 world markets; market size estimate and forecast to 2025 for the global market, the United States market and several country markets, including China, Japan, India Brazil, Germany, Canada and other nations; an index of bellwether device companies; markets for specific categories of medical devices; a look at market drivers and limiters; and company profiles of major device concerns.
Medical Device Categories
While there are hundreds of types of products that can be classified as medical devices, a few specific categories and products make up the bulk of the market and form the backbone of Kalorama’s analysis in this report. These 50+ categories include:
- 3D printing equipment, materials and software
- Anesthesia Monitors
- Blood Collection
- Blood Gas Analyzers
- Blood Pressure Monitors
- Cannula Respiratory
- Catheters
- Computed Tomography
- Continuous Glucose Monitors
- Coronary Stents
- Cosmetic surgery implants
- CPAP Machines
- Defibrillators
- Dental Equipment/Devices (excluding x-ray)
- Dental Implants/Components
- Dental X-ray
- Dialysis Equipment & Supplies
- EKG/ECG Machines
- Electrosurgical Devices
- Endoscopes (excluding gastro)
- Gastric Banding/Bariatric
- Gastro Endoscopes
- Glucose Monitors (excluding CGM)
- Hernia Repair and Fixation Devices
- Hip implants
- Hypodermic Syringe
- Infusion Pumps
- Insulin Pumps
- Intraocular Lenses
- Knee implants
- Medical Beds
- Medical lasers
- Minimally Invasive Surgical Instruments
- MRI
- Neurostimulation
- Ostomy Care Devices
- Oxygen Therapy Equip.
- Pacemakers
- Personal protective equipment (gloves, masks, gowns)
- Spine implants
- Sport, Extremity and Trauma
- Sterilization/disinfection equipment
- Stethoscopes
- Surgical Guidance Devices
- Surgical Robots
- Sutures, Staples, Staplers
- Traditional Surgical Instruments (scalpels, forceps, retractors, scissors)
- Ultrasound
- Vascular Closure Devices
- Wheelchairs
- Wound Care, Advanced
- X-Ray (excluding dental)
For the purposes of this study, Kalorama Information has identified 15 medical device companies with a diverse enough product range, significant revenues and performance to provide insight into the industry as a whole.
The following companies are included:
- Abbott Laboratories
- Braun
- Baxter
- Becton Dickinson
- Boston Scientific
- Cardinal Health
- Danaher Corp.
- GE Healthcare
- Johnson & Johnson
- Medtronic
- Philips
- Roche
- Siemens Healthineers
- Stryker
- Zimmer Biomet
Table of Contents
310 Pages
- Overview
- Size and Growth of the Market
- Top Companies
- Mergers and Acquisitions
- Scope and Methodology
- Conclusions
- Overview
- Regulation in the United States
- Regulation in Europe
- Regulation in Japan
- Regulation in China
- Regulation in Canada
- Regulation in Brazil
- World Health Care Trends
- Unique Device Identifier (UDI)
- Introduction
- Selected Significant Device Industry Mergers and Acquisitions
- Global Markets for Specific Medical Devices, 2020-2025 ($ Billions)
- Blood Collection Supplies
- Catheters
- CPAP Devices
- Critical Care Analysis - Blood Gas Analyzers
- Defibrillators
- Diabetes Management Devices
- Dialysis Equipment & Supplies
- Endoscopes
- Gastric Banding and Bariatric Devices
- Hernia Repair and Fixation Devices
- Hip Implants
- Infusion Pumps
- Intraocular Lens Devices
- Knee Implants
- Medical Beds
- Minimally Invasive Surgery (MIS)
- MRI
- Nasal Cannula
- Ostomy Products
- Pacemakers
- Patient Monitoring
- Personal Protective Equipment
- Stents
- Sterilization and Disinfection Equipment
- Ultrasound
- Wheelchairs
- Wound Care Devices, Advanced Technologies
- X-Ray and Digital X-Ray
- Overview
- Revenue Performance - 15 Bellwether Companies
- US Versus International Sales
- Investment in Research and Development
- Market Influence: Strength of Impact
- Market Drivers
- Market Constraints
- State of the US Hospital Market
- Medical Device Size and Growth
- Market by Region
- Market by Country: Top 20
- Second Tier: Market by Country
- Medtronic
- Company Overview
- Johnson & Johnson
- Abbott Laboratories
- Becton Dickinson and Co. (BD)
- Siemens Healthineers
- Cardinal Health
- Royal Philips
- Roche
- Stryker Corporation
- GE Healthcare
- Boston Scientific Corp.
- Danaher Corp.
- Baxter International, Inc.
- Zimmer Biomet Holdings, Inc.
- B. Braun Melsungen AG
- 3M
- Alcon
- Asahi Kasei
- Canon Medical Systems
- Coloplast A/S
- ConvaTec
- Dentsply-Sirona
- Drägerwerk AG & Co. KGaA
- Fresenius SE & Co. KGaA
- Hill-Rom
- Masimo Corporation
- Mindray Bio-Medical Electronics Co., Ltd.
- Mölnlycke Health Care AB
- Nova Biomedical
- Olympus Corporation
- PerkinElmer, Inc
- ResMed
- Smith & Nephew plc.
- Smiths Group
- Steris plc
- Teleflex Inc
- Terumo Corporation
- Varian Medical Systems, Inc.
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