Medical Device OEMs Using Mergers And Acquisitions To Boost Growth, Number Reached To Over 150

Posted on 2018-08-16 by Goldstein Research in Healthcare // 0 Comments

New York, USA, 2018-Aug-16 — /EPR Network/ —According to Goldstein Research, medical device market is anticipated to reach USD 532.2 billion by 2024 from USD 380.0 billion in 2016 at a CAGR of 4.3% during the forecast period. Global medical device market is segmented on the basis of medical device type such as surgical and infection control medical devices, cardiovascular medical devices, general medical devices, home healthcare medical devices and other medical devices. On the basis of medical device type, cardiovascular medical devices are projected to acquire the largest market share in the global market of medical devices due to increasing heart disease rate in the growing population. North America acquires approximately 40% revenue share of the global medical device market in 2016 while Europe is the most diverse nation focusing entirely on innovative products and services. There are more than 500,000 medical technologies are registered in Europe.

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“Global Medical Devices Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry medical devices manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, cosmetic product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Medical Devices Market Segmentation can be classified on the basis of:

Based on Medical Device Type

Surgical and Infection Control Medical Devices
Cardiovascular Medical Devices
General Medical Devices
Home HealthCare Medical Devices
Other Medical Device

By Modality

Portable
Wearable

By Distribution Channel

Online
Offline

By End User

Hospitals
Clinics
Diagnostics Lab
Home Care Settings

By Geography

North America (US, Canada) Medical Devices Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Medical Devices Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Medical Devices Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) Medical Devices Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Medical Devices Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Trend: Concept of Connected Hospitals

Idea of the ultimate connected hospital due to the courtesy of emerging technology, digital health and the inception of the IoT has the potential for the growth of medical device market. For instance products like intelligent asthma management kit aid in the management and treatment of this chronic (lifetime) illness, valedo back therapy kit for patients who experience lower back pain or related complications, Healthpatch MD aiding healthcare professionals in keeping tabs on their patients, Helius- a digital pill, Google’s smart contact lenses, tiniest healthcare monitoring crystals, ITBRA to keep track of breast health, Qardiocore – the connected ECG monitor are the smart health gadgets to fuse communication with functionality.

Driver: New Care Models Like Healthcare Security & Remote Care

The growing potential of new care models like healthcare security, remote care and transforming healthcare with IoT to improve security, privacy, interoperability, and analytics for medical devices. For instance, Intel technology innovation combined with advocacy and real-world experience with IoT across multiple industries is making the promise of smart and connected care a reality. Intel’s ecosystem healthcare solution providers are creating data-smart solutions to fight disease, streamline provider decision-making, and personalize treatment.

Challenge: Hospital Consolidations Dwindling The Demand Of Medical Devices

In USA, more than 100 hospital consolidations occur in last 5 years, leading to fewer buyers, though this trend of consolidation is expected to slow down in 2017 due to a tougher consolidation approval process. In addition, lack of medically trained staffs is the main obstacle for medical device industry.

“Global Medical Device Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on healthcare market research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.