BD Is One Of The Largest Players In The Medical Equipment Market, According To The Business Research Company’s Medical Equipment Market Global Report 2020-30: COVID-19 Impact and Recovery.
(Companies Covered: Medtronic Plc, Johnson & Johnson, Abbott Laboratories, Becton, Dickinson and Company, Siemens Healthineers AG)
The global medical equipment market is expected to decline from $456.9 billion in 2019 to $442.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.2%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of medical equipment or devices due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of the virus and keep staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $603.6 billion in 2023.
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The medical devices market consists of sales of medical equipment or devices and related services by entities that manufacture medical equipment or devices which are used in the diagnosis, treatment and monitoring of medical conditions. The medical device industry includes establishments that manufacture medical equipment or devices such as in-vitro diagnostic devices, diagnostic imaging equipment, dental equipment and supplies, ophthalmic devices, cardiovascular devices, hospital supplies and other medical devices.
Global Medical Equipment Market Segmentation –
The medical equipment market covered in this report is segmented
1) By Type: In-Vitro Diagnostics, Dental Equipment And Supplies, Ophthalmic Devices, Diagnostic Imaging Equipment, Cardiovascular Devices, Hospital Supplies, Surgical Equipment, Orthopedic Devices, Patient Monitoring Devices, Diabetes Care Devices, Nephrology And Urology Devices, ENT Devices, Anesthesia And Respiratory Devices, Neurology Devices, Wound Care Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
Global Medical Equipment Market Drivers –
The use of medical devices for the home-based diagnosis and treatment of medical conditions is increasing. Technological developments in devices such as glucose monitors, insulin delivery devices, nebulizers and oxygen concentrators have enabled diagnosis and monitoring of many diseases at home. Remote control technology is also allowing healthcare professionals to support home-based treatments which is leading to increased preference for home and self-care treatment.
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A Few Points From The Global Medical Equipment Market ToC
1. Executive Summary
2. Medical Equipment Market Characteristics
3. Medical Equipment Market Size And Growth
3.1. Global Medical Equipment Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Medical Equipment Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Medical Equipment Market Segmentation
5. Medical Equipment Market Regional And Country Analysis
5.1. Global Medical Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Medical Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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