Medical Devices Market Research Reports & Industry Analysis

Because of the broad definition, estimates of medical device markets vary as any item from a nuclear camera, catheter to a latex glove can be considered a medical device. It is scattered marketplace in which hundreds of companies worldwide participate. Despite this, a couple scores of companies dominate the market for most segments.

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.

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Medical Devices Industry Research & Market Reports

  • Surgical and Medical Instrument Manufacturing - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Forecasts

    ... in-depth assessments of the industry in the United States with over 100 data sets covering 2014-2027. This report includes updated forecasts due to the economic impact of COVID-19 and a potential recession. This 39-page report ... Read More

  • Medical Equipment & Supply Wholesalers

    ... and Patterson Companies (all based in the US), along with EBOS Group (Australia), OneMed (Sweden), and Yamashita Medical Instruments (Japan). COMPETITIVE LANDSCAPE Pressure to control health care expenditures is intensifying price negotiations for wholesalers and ... Read More

  • Calibration Services

    ... projected to reach a revised size of US$8.9 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027. Electrical, one of the segments analyzed in the report, is projected to record ... Read More

  • Microscopes

    ... of US$10 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027. Optical, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$4 ... Read More

  • Mechanical Ventilators

    ... projected to reach a revised size of US$17.1 Billion by 2027, growing at aCAGR of 9.2% over the period 2020-2027. Intensive Care, one of the segments analyzed in the report, is projected to record 8.6% ... Read More

  • Hernia Repair Devices

    ... year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at aCAGR of 5.3% over the period 2020-2027. Hernia Mesh, one of the segments analyzed in the report, is projected ... Read More

  • Bone Densitometers

    ... a revised size of US$377.6 Million by 2027, growing at aCAGR of 5.5% over the period 2020-2027. Axial Bone Densitometers, one of the segments analyzed in the report, is projected to record 6.6% CAGR and ... Read More

  • Medical Device Wholesalers (GLOBAL) - Industry Report

    ... 520 companies, including ABBOTT MEDICAL FRANCE SAS, AL HAYAT PUBLISHING COMPANY LIMITED and APEX MEDICAL CORP.. This report covers activities such as medical, equipment, medical, manufacturers, surgical and includes a wealth of information on the ... Read More

  • Medical Devices (GLOBAL) - Industry Report

    ... ABBOTT LABORATORIES POLAND SP. Z O.O., ADVANCED MEDICAL SOLUTIONS GROUP PLC and AMPLITUDE. This report covers activities such as medical, equipment, medical, manufacturers, surgical and includes a wealth of information on the financial trends over ... Read More

  • Scientific Instrument Manufacturers (EUROPEAN) - Industry Report

    ... 260 companies, including ALPHATRON MARINE B.V., BAUMER BETEILIGUNGS GMBH and BOWERS METROLOGY LIMITED. This report covers activities such as science, scientific, lab, laboratory, laboratories and includes a wealth of information on the financial trends over ... Read More

  • Electrodes for Medical Devices

    ... year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. ECG Electrodes, one of the segments analyzed in the report, ... Read More

  • Freeze Drying Equipment

    ... projected to reach a revised size of US$8.8 Billion by 2027, growing at a CAGR of 7.2% over the analysis period 2020-2027. Tray-Style Freeze Dryers, one of the segments analyzed in the report, is projected ... Read More

  • Stretcher Chairs

    ... projected to reach a revised size of US$279.2 Million by 2027, growing at a CAGR of 3.8% over the period 2020-2027. General Stretcher Chair, one of the segments analyzed in the report, is projected to ... Read More

  • Trauma Devices

    ... a revised size of US$12.9 Billion by 2027, growing at aCAGR of 6.8% over the period 2020-2027. Internal Fixators, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach ... Read More

  • Analytical Instruments (GLOBAL) - Industry Report

    ... AGILENT TECHNOLOGIES NETHERLANDS B.V., AVL EMISSION TEST SYSTEMS GMBH and BIOTRONIK SE & CO. KG. This report includes a wealth of information on the financial trends over the past four years. Plimsoll Publishing’s latest Analytical ... Read More

  • Medical Device Wholesalers (EUROPEAN) - Industry Report

    ... 250 companies, including AIR LIQUIDE SANTE FRANCE, ASAHI KASEI MEDICAL EUROPE GMBH and BECTON, DICKINSON B.V.. This report covers activities such as medical, equipment, medical, manufacturers, surgical and includes a wealth of information on the ... Read More

  • Scientific Instrument Manufacturers (GLOBAL) - Industry Report

    ... 420 companies, including AGILENT TECHNOLOGIES MANUFACTURING GMBH & CO. KG, ANGIOMED GMBH & CO. MEDIZINTECHNIK KG and AZBIL TELSTAR TECHNOLOGIES SLU. This report covers activities such as science, scientific, lab, laboratory, laboratories and includes a ... Read More

  • Breast Pumps

    ... a revised size of US$5.5 Billion by 2027, growing at a CAGR of 9.9% over the analysis period 2020-2027. Battery Powered, one of the segments analyzed in the report, is projected to record a 9.1% ... Read More

  • Kidney Stone Management Devices

    ... year 2020, is projected to reach a revised size of US$2.3 Billion by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. Ureteroscopy, one of the segments analyzed in the report, is ... Read More

  • Medical Laser Systems

    ... projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 13.4% over the analysis period 2020-2027. Diode Laser Systems, one of the segments analyzed in the report, is projected ... Read More

  • Batteries in Medical Equipment and Devices

    ... estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Lithium Batteries, one of ... Read More

  • Carbon Dioxide Incubators

    ... projected to reach a revised size of US$482.5 Million by 2027, growing at a CAGR of 8.4% over the analysis period 2020-2027. Water Jacketed, one of the segments analyzed in the report, is projected to ... Read More

  • Stethoscopes

    ... a revised size of US$531.3 Million by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. Manual & Mechanical Stethoscopes, one of the segments analyzed in the report, is projected to record ... Read More

  • Medical Plastics

    ... projected to reach a revised size of US$29.7 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Engineering Plastics, one of the segments analyzed in the report, is projected to ... Read More

  • Bariatric (Obesity) Surgical Devices

    ... year 2020, is projected to reach a revised size of US$5 Billion by 2027, growing at a CAGR of 10.6% over the analysis period 2020-2027. Sleeve Gastrectomy, one of the segments analyzed in the report, ... Read More

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