Product Code: HLC191C
The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 2029.
The IVD market for emerging medical devices is estimated to increase from $28.7 billion in 2024 to reach $48.1 billion by 2029, at a CAGR of 10.9% from 2024 through 2029.
The Cardiovascular devices market for emerging medical devices is estimated to increase from $23.4 billion in 2024 to reach $40.6 billion by 2029, at a CAGR of 11.6% from 2024 through 2029.
Report Scope
This report provides an in-depth analysis of the emerging medical device technology market, including market estimations and trends through 2029. Major players, competitive insights, imaginative innovations, advertising flow and geographic opportunities are examined in detail. The report looks at product innovations and item portfolios of major players. The report covers drivers, restraints, opportunities, emerging technologies and a regulatory scenario assessment. The report includes market projections for 2029 and market shares for key players.
The report's scope encompasses developing therapeutic devices, advances that create the most worldwide income. Dental devices with new innovations and a few imaging devices utilized in dentistry are covered under other devices.
Based on device type, the market is segmented into in vitro diagnostics (IVD), cardiovascular devices, neurology, orthopedics, diabetic care, endoscopy, urology and others. Based on the end-user type, the market is segmented into hospitals and clinics, home healthcare, ambulatory surgical centers and diagnostic laboratories.
The market is segmented by geographic region into North America, Europe, Asia-Pacific and the Rest of the World. Also included in the regional breakdown are detailed analyses of major countries such as the U.S., Germany, the U.K., Italy, France, Spain, Japan, China, India, Brazil, Mexico and Gulf Cooperation Council (GCC) countries. Each country's market is estimated with segmental analysis. For market estimates, data is provided for 2023 as the base year, with estimates for 2024 and a forecast value for 2029.
Report Includes
- 70 data tables and 56 additional tables
- Analyses of the global market trends for emerging medical device technologies, with market revenue data (sales figures) for 2021-2022, estimates for 2023, forecasts for 2024, and projected CAGRs through 2029
- Estimates of the market size and revenue prospects, along with a corresponding market share analysis by disease indication, application, end user and region
- Discussion of the market potential and opportunities in the medical device industry, along with an analysis of the competitive environment, regulatory scenario, and technological advances
- Facts and figures pertaining to R&D activity, technology issues, industry-specific challenges, and the impact of macroeconomic factors
- A look at the regulatory and pricing scenarios in the global market, with an emphasis on recent regulations in the U.S., Europe and Japan
- Insights derived from the Porter's Five Forces model, as well as global supply chain and PESTLE analyses
- Analysis of the industry structure, including companies' market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Evaluation of recent patent activity and key granted and published patents
- Company profiles of major players within the industry, including Medtronic, Abbott, Siemens Healthineers AG, Boston Scientific Corp., and Johnson & Johnson Services Inc.
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market and Technology Background
- Background
- Innovation
- Overview
- Types
- Current Trends
- Development in Cybersecurity Considerations
- Wearable Fitness Technology
- Internet of Medical Things Technology
- Healthcare and Robotics
- 3D Printing
- Device Connectivity and Software as a Medical Device
- PESTLE Analysis
Chapter 3 Market Dynamics
- Market Drivers
- Emerging Health and Wellness Trends
- Increasing Use of AI/ML in Medical Devices
- Technology and Services Support Chronic Disease Management
- Need for Improving Public Health
- Rise in Disease Diagnosis Demand
- Increased Patient Education
- Market Restraints
- Challenges in R&D Funding
- Cybersecurity Risks in Healthcare
- Failure in Medical Device Designs
- Supply Chain Risks and Vulnerabilities
- Market Opportunities
- Healthcare Delivery with Mobile Medical Imaging
- Technological Developments in Medical Devices
- Challenges
Chapter 4 Emerging Technologies and Developments
- Major Medical Device and Technology Advances in 2024
- Adaptive Hearing Aids
- Bioprinting
- Glucose Monitoring Devices and Digital Wearables
- Brain-Machine Interfaces
- Major Medical Device and Technology Advances in 2023
- Medical Diagnosis Software
- AI in Radiology
- Surgical Robots
- Trends in Medical Device Technology
Chapter 5 Market Segment Analysis
- Segmentation Breakdown
- Market Breakdown by Device Type
- In Vitro Diagnostics
- Market Size and Forecast
- Cardiovascular Devices
- Market Size and Forecast
- Neurology
- Market Size and Forecast
- Orthopedics
- Market Size and Forecast
- Diabetic Care
- Market Size and Forecast
- Endoscopy
- Market Size and Forecast
- Urology
- Market Size and Forecast
- Other Devices
- Market Breakdown by End User
- Hospitals and Clinics
- Market Size and Forecast
- Home Healthcare
- Market Size and Forecast
- Diagnostic Centers
- Market Size and Forecast
- Market Analysis
- Ambulatory Surgical Centers
- Market Size and Forecast
- Other End Users
- Market Size and Forecast
- Geographic Breakdown
- Market Analysis by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- Market Size and Forecast
- Brazil
- GCC Countries
- Other Rest of the World Countries
Chapter 6 Competitive Intelligence
- Introduction
- Global Analysis of Company Market Rank
- Agreements, Collaborations and Partnerships
- Startups in the Medical Device Industry
Chapter 7 Sustainability
- ESG Practices in the Medical Device Industry
- Environmental Performance
- ESG Ranking
- BCC Research Viewpoint
Chapter 8 Appendix
- Research Methodology
- References
- Company Profiles
- 3M
- ABBOTT
- BD
- BAXTER
- BOSTON SCIENTIFIC CORP.
- DANAHER CORP.
- F. HOFFMANN-LA ROCHE LTD.
- GE HEALTHCARE
- JOHNSON & JOHNSON SERVICES INC.
- KONINKLIJKE PHILIPS N.V.
- MEDTRONIC
- QUIDELORTHO CORP.
- SIEMENS HEALTHINEERS AG
- STRYKER
- THERMO FISHER SCIENTIFIC INC.