The Global Market for Medical Devices, 10th Edition (45 Specific Device Markets and 50 Country Markets Forecasted to 2024)

The Global Market for Medical Devices, 10th edition, provides a comprehensive view of the medical device market and opportunity for medical device manufacturers, competitors, and investors. The report examines the companies in the market, the types of devices sold across the global market, and the country markets they are sold in. As part of its coverage, this report contains market sizing and forecasts for the world medical device market and the medical device markets of 50 countries, providing the following market data:

• Global Medical Device Market, 2016-2024
• Global Markets for Specific Medical Devices, 2019-2024
• Top 20 Country Device Markets, 2019-2024
• Countries 21-50: Country Device Markets, 2019-2024
• Medical Device Spending as a Percentage of Total Health Spending, by Country, 2019 Estimates (United States, Canada, Germany, France, Italy, United Kingdom, Spain, Turkey, Poland, Romania, Sweden, Switzerland, Netherlands, Greece, Hungary, Russia, Bulgaria, Croatia, Czech. Rep., Serbia, Ukraine, Lithuania, Slovakia, Slovenia, South Africa, Saudi Arabia, Egypt, Israel, Iran, Iraq, UAE, Japan, China, Australia, Vietnam, S. Korea, Malaysia, India, Indonesia, Singapore, Brazil, Mexico, Chile, Argentina, Venezuela)

Specific Device Markets

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. The report examines specific medical device markets, describing trends and major medical device companies in many fields. The report addresses device category segment markets, providing the size of the global market for specific device markets in 2019 and also an estimated market for 2024, including these segments:

• 3D Printing Equipment, Materials and Software
• Anesthesia Monitors
• Blood Collection
• Blood Gas Analyzers
• Blood Pressure Monitors
• Cannual 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)
• Hip Implants
• Hypodermic Syringe
• Infusion Pumps
• Intraocular Lenses
• Knee Implants
• Medical Beds
• 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)

Medical Device Country Markets

Global Market for Medical Devices features market sizing by country and includes the following 50 country markets:

• United States
• Germany
• Japan
• China
• France
• United Kingdom
• Italy
• Spain
• Brazil
• Canada
• India
• Netherlands
• Australia
• Russia
• Switzerland
• Taiwan
• Mexico
• S. Korea
• Sweden
• Turkey
• Poland
• New Zealand
• Saudi Arabia
• Singapore
• Egypt
• Malaysia
• Thailand
• Philippines
• Indonesia
• Argentina
• Greece
• Chile
• Romania
• South Africa
• Israel
• Bangladesh
• Vietnam
• Czech Republic
• Slovakia
• Hungary
• UAE
• Iran
• Venezuela
• Croatia
• Slovenia
• Ukraine
• Lithuania
• Bulgaria
• Iraq
• Serbia

Bellwether Companies

Global Market for Medical Devices looks at 15 companies in the industry that are large, global and representative of different categories of medical devices. The companies' performance provides insight into the performance of the global device market and reveals trends in geographic sales distribution and research and development spending. The report provides details related to the performance of these companies in 2018 and 2019. The following manufacturers comprise Kalorama’s index of “bellwether companies”:

• Abbott Laboratories
• B. Braun
• Baxter
• Becton Dickinson
• Boston Scientific
• Cardinal Health
• Danaher Corp.
• GE Healthcare
• Johnson & Johnson
• Medtronic
• Philips
• Roche
• Siemens Healthineers
• Stryker Corp.
• Zimmer Biomet

Company Profiles of Other Major Market Participants

The report provides profiles not only of the top 15 market companies based on revenues and diversity of medical devices produced, but also of other major manufacturers in the market, including:

• 3M Health Care
• Access Scientific, LLC
• Acelity L.P. Inc.
• Advanced Bionics AG
• Alcon, Inc.
• Angiodynamics
• Arjo AB
• Arthrex, Inc.
• Asahi Kasei Corporation
• BSN medical GmbH - Essity
• Canon Medical Systems
• Coloplast A/S
• CONMED Corporation
• ConvaTec
• Cook Medical
• Cooper Surgical, Inc.
• Dentsply-Sirona
• Drägerwerk AG & Co. KGaA
• Drive DeVilbiss Healthcare
• Edwards Lifesciences Corp.
• Essilor Luxottica S.A.
• Fisher & Paykel Healthcare Limited
• Fresenius SE & Co. KGaA
• GF Health Products Inc.
• Haemonetics
• Hill-Rom
• Hollister Incorporated
• Invacare Corporation
• IRadimed Corporation
• Masimo Corporation
• Mindray Bio-Medical Electronics Co., Ltd.
• Mölnlycke Health Care AB
• Nova Biomedical
• Olympus Corporation
• Paul Hartmann AG
• PerkinElmer, Inc
• ResMed
• Smith & Nephew plc.
• Teleflex Inc
• Terumo Corporation
• Varian Medical Systems, Inc.
• Vyaire Medical

Mergers and Acquisitions

Medical device leaders look to acquisitions to boost growth, gain share and take advantage of buying opportunities. In 2015 and early 2016, key market players were active in mergers and acquisitions. During 2017 M&A activity remained strong, though there was a slowing down of deals in 2018. So far in 2019, it looks like a moderate year for M&A, comparatively, with the bulk of activity in the pending stage. The report includes a table that contains a select listing of the mergers and acquisitions that occurred in the medical device market in 2015, 2016, 2017, 2018 and the first three quarters of 2019.

The Global Market for Medical Devices, 10th edition, also surveys regulatory practices across the world, looks at the status of the hospital industry, and notes key market drivers and limiters. For the purposes of this report, the definition of a medical device is a broad one.

A medical device is a product that is used in treatment, diagnosis or injury repair in a patient that does not achieve its effect through chemical action or metabolism in the human body. Most importantly, these are devices that are regulated. Because of the broad definition, estimates of medical device markets vary, as any item from a nuclear camera or catheter to a latex glove can be considered a medical device. In consideration of the fragmentation of this market, several reports vary on the definition, scope and methodology in calculating the total medical device market. In this report, medical devices include those that are used to treat, diagnose or monitor a condition. Excluded are areas of medical IT, which because of the complex nature of these markets have been reviewed separately by Kalorama Information in other reports, such as EMR 2019: The Market for Electronic Medical Records. Also excluded are services associated with many devices including laboratory service fees and patient monitoring services.