Medical Devices Market Research Reports & Industry Analysis
The medical device market is not even half as large as the global pharmaceutical market, though it sees many more transactions. This is due to pricing, because in volume terms more units sold and more patients are impacted by the device market. Although the largest component of the market is in the United States, the majority of sales are non-US, and growth is occurring in other markets.
Medical devices are typically classified into three classes: Class I, II and III based on the risk associated with them. These classifications signify the level of control required to ensure the safety and effectiveness of the device. Consequently, manufacturers of the different classes need to adhere to different levels of regulations and norms, i.e., stringent regulations for higher class of medical devices.
Class I is the least risk. This class includes medical devices that pose minimum risk to a patient and are simpler in design as compared to Class II and Class III medical devices This classification was originally provided by the US Food and Drug Administration (US FDA), and similar classifications are followed by major Asian countries such as Japan and China. Class III requires the highest level of safety and effectiveness assurance as the potential threat to the patient is highest in their case.
Medical Devices Industry Research & Market Reports
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Medical Instrument & Supply Manufacturing in the US - Industry Market Research Report
... aspects of the Patient Protection and Affordable Care Act (PPACA) were repealed and health insurance enrollment fell. In 2020, the COVID-19 pandemic resulted in significant revenue declines. While medical instruments are necessary to treat COVID, ... Read More
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Medical Equipment Rental in the US - Industry Market Research Report
... cuts to Medicare and Medicaid reimbursements, they have implemented cost-saving strategies. Some providers have chosen to rent rather than purchase medical equipment to access up-to-date technologies at a lower cost. In addition, rising total health ... Read More
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Medical Plastics
... CAGR of 6.3% over the analysis period 2024-2030. Engineering Plastics, one of the segments analyzed in the report, is expected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis ... Read More
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Electrodes for Medical Devices
... 2030, growing at a CAGR of 3.8% over the analysis period 2024-2030. ECG Electrodes, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$502.9 Million by the ... Read More
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Carbon Dioxide Incubators
... at a CAGR of 5.1% over the analysis period 2024-2030. Water Jacketed, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$197.7 Million by the end of ... Read More
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Bariatric (Obesity) Surgical Devices
... 2030, growing at a CAGR of 8.4% over the analysis period 2024-2030. Sleeve Gastrectomy, one of the segments analyzed in the report, is expected to record a 11.4% CAGR and reach US$3.6 Billion by the ... Read More
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Calibration Services
... CAGR of 5.6% over the analysis period 2024-2030. Electrical, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$4.2 Billion by the end of the analysis period. ... Read More
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Speech Generating Devices
... at a CAGR of 7.1% over the analysis period 2024-2030. Synthesized Speech Devices, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$157.9 Million by the end ... Read More
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Trauma Devices
... CAGR of 5.4% over the analysis period 2024-2030. Internal Fixators, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$14.9 Billion by the end of the analysis ... Read More
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Freeze Drying Equipment
... at a CAGR of 5.1% over the analysis period 2024-2030. Tray-Style Freeze Dryers, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$5.6 Billion by the end ... Read More
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Stretcher Chairs
... CAGR of 4.0% over the analysis period 2024-2030. General Stretcher Chair, one of the segments analyzed in the report, is expected to record a 4.1% CAGR and reach US$232.2 Million by the end of the ... Read More
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Bone Densitometers
... CAGR of 5.6% over the analysis period 2024-2030. Axial Bone Densitometers, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$264.5 Million by the end of the ... Read More
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Microscopes
... 5.0% over the analysis period 2024-2030. Optical, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in ... Read More
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Batteries in Medical Equipment and Devices
... reach US$4.5 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2024-2030. Lithium Batteries, one of the segments analyzed in the report, is expected to record a 8.2% CAGR and reach ... Read More
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Breast Pumps
... CAGR of 9.7% over the analysis period 2024-2030. Battery Powered, one of the segments analyzed in the report, is expected to record a 8.8% CAGR and reach US$3.9 Billion by the end of the analysis ... Read More
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Medical Laser Systems
... at a CAGR of 9.7% over the analysis period 2024-2030. Diode Laser Systems, one of the segments analyzed in the report, is expected to record a 10.2% CAGR and reach US$1.6 Billion by the end ... Read More
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Stethoscopes
... 4.2% over the analysis period 2024-2030. Manual & Mechanical Stethoscopes, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$309.4 Million by the end of the analysis ... Read More
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Mechanical Ventilators
... CAGR of 6.4% over the analysis period 2024-2030. Intensive Care, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$15.9 Billion by the end of the analysis ... Read More
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Kidney Stone Management Devices
... 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Ureteroscopy, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$1.3 Billion by the end ... Read More
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Hernia Repair Devices
... at a CAGR of 4.9% over the analysis period 2024-2030. Hernia Mesh, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$3.8 Billion by the end of ... Read More
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Medical Devices Market in Japan 2025-2029
... the medical devices market in japan provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding ... Read More
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Global Medical Devices Market 2025-2029
... provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest ... Read More
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Medical and Scientific Equipment Wholesaling in Australia - Industry Market Research Report
... increase in government funding for healthcare. Compounded by growing admission rates in private and public hospitals, demand for various medical and surgical equipment products in hospitals and medical centres has risen, boosting wholesale activity. Industry ... Read More
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Medical Instrument & Supply Manufacturing in the US - Industry Market Research Report
... aspects of the Patient Protection and Affordable Care Act (PPACA) were repealed and health insurance enrollment fell. In 2020, the COVID-19 pandemic resulted in significant revenue declines. While medical instruments are necessary to treat COVID, ... Read More
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Surgical and Medical Instrument Manufacturing - 2025 U.S. Market Research Report with Updated Tariffs Impact
... Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, 31 balance ... Read More
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