Lucintel’s latest market report analyzed that medical device provides attractive opportunities in hospital and homecare sector. The medical device market is expected to reach $466.5 billion by 2027 with a CAGR of 4.9%. In this market, cardiovascular devices is the largest segment by application, whereas surgical is largest by function. Increasing use of AI-Optimized medical devices, increasing acceptance of wearable medical devices, growing use of miniaturized medical devices, and growing adoption 3D-Printing in medical devices provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/medical-device-market.aspx Based on application, the medical device market is segmented into surgical and infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, and other devices. The cardiovascular devices segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing global geriatric population, inactive lifestyle, and poor eating habits.
Browse in-depth TOC on “Medical Device Market”
52 – Tables
73 – Figures
202 – Pages
The Medical device Market is marked by the presence of several big and small players. Some of the prominent players offering medical device include Medtronic, Johnson & Johnson, GE Healthcare, Siemens, and Cardinal Health.
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