The company also has a strong presence across the globe, through a network of distributors and subsidiaries in the Asia Pacific, Latin America, and Africa. HealthTech is now the largest employer in the broader Life Sciences sector, employing 131,800 people in 4,060 companies, with a combined turnover of £25.6bn. The medical device industry is currently witnessing high growth due to increasing demand in hospitals and surgical centers. The United Kingdom is a world-renowned leader in pharmaceutical and medical device manufacturing. Various end users covered in the report are hospitals & ambulatory surgical centers, clinics, and others. Which company accounted for the highest market share? Increasing income levels, an ageing population, and rising health awareness in developing nations are major factors considered to support the growth of the global market in the near future. Companies are Adopting Innovative Strategies to Stay Ahead of Competition. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. The industry has enjoyed growth of around 5% in recent years. How much revenue the North America medical devices market generated in 2018? On our medical device statistics page, explore who is affected and how it impacts supply chain leaders. Competitive landscape describing the market revenue shares of key players. "Medtronic is the Top-selling Medical Devices Company". medical devices The medical devices market size was approximately $12 billion in 2012 and is expected to reach approximately $17.5 billion by 2020 with a projected CAGR of 4.8%. UK – Overview of medical device industry and healthcare statistics United Kingdom medical device industry:. Companies are adopting strategies to improve their revenue shares in the medical devices market. The data offered to us was exactly what we were looking for. This is a very good piece of work and will be very helpful to us going forward. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. National Survey of Bereaved People (VOICES): England, 2015 Quality of care delivered in the last 3 months of life for adults who died in England. All rights reserved. In compariso… Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. Thanks most kindly for your help. The report covered all the points and was very detailed. Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/medical-devices-market-100085. January 13th, 2020 Fortune Business Insights Releases. The efficient and precise testing of diseases such as diabetes, malaria, HIV/AIDS, sexually transmitted diseases (STDs) and cancer, are some of the factors driving the segment. View all related statistical bulletins Healthcare expenditure, UK Health Accounts: 2018 Healthcare expenditure statistics, produced to the international definitions of the System of Health Accounts 2011. Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. According to the study, the IVD segment covered a share of 12.9% in the global market in the year 2018. This will further drive the market in Asia Pacific over the forecast period. Medical Devices Market Size, Share and Industry Analysis By Type (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, IVD, MIS, Wound Management, Diabetes Care, Ophthalmic Devices, Dental & Nephrology), End User (Hospitals & Ambulatory Surgical Centers and … Which are the top companies in the medical devices market? Estimates medical devices market trends with SWOT analysis. The report provides qualitative and quantitative insights on the medical devices industry trends and detailed analysis of market size and growth rate for all possible segments in the market. Rising geriatric population, the growing prevalence of chronic conditions, along with growth in surgical procedures, and complex surgeries are projected to boost the global medical devices market during the forecast period. With regard to ongoing trends, we offer individual reports on the following. Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects. Order Full Report: https://www.fortunebusinessinsights.com/checkout-page/100085. Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/medical-devices-market-100085. She knows what she’s talking about. This guidance will apply from exit day in line with the Medical Devices (Amendment etc.) It was valued at $9.5 billion in 2015. Medical technology companies are also drivers of economic growth and job creation across Europe. Thanks for reading. Among these companies, Medtronic has emerged as the leading player holding the highest share in the global market in 2018. The deal was closed with an estimated amount of $465 million. In terms of end user, the hospitals & ambulatory surgical centers segment dominated the global medical devices market in 2018. • There were 48 new medical device manufacturers registered in 2012 with the Irish Medicines Board. In-vitro diagnostics help in the testing of diseases such as malaria, diabetes, cancer, STDs, and AIDS/HIV. Providing the most comprehensive and up-to-date information and analysis of the Medical Equipment market, and the behaviours, preferences and habits of the consumer. Another major acquisition in the spinal devices industry was witnessed in June 2019 when Boston Scientific Corporation closed the buyout of spinal implant maker Vertiflex. With that in mind, we thought we’d dig into some research from MarketsandMarkets to see what’s driving medical device manufacturers in 2018.. The company has a diversified product portfolio, established brand presence, and strong R&D focus, which has enabled it to establish a stronghold in the medical devices Industry.