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According to our new market research study on u201cMedical Devices Market to 2027 u2013 Global Analysis and Forecast u2013 by Product Type, Function, and End User,u201d the market is expected to reach US$ 767,684.9 million by 2027 from US$ 483,285.8 million in 2019; it is estimated to grow at a CAGR of 6.1% from 2020 to 2027. The report highlights trends prevailing in the global medical devices Market and the drivers and restraints pertaining to the market growth.
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Medical Devices Market Global Analysis and Forecast to 2027 Published Date : Jul 2020 Email: sales@theinsightpartners.com
Email: sales@theinsightpartners.com Report Studies Medical Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (In Vitro Diagnostics (IVD), Surgical Device, General Medical Devices, Cardiovascular Devices, Orthopedic, Infection Control Devices, Ophthalmology, Endoscopy, Neurology, Others), Function (Diagnostic and Monitoring, Therapeutics, Surgical, Others), End User (Homecare Medical Devices, Hospital Medical Devices, Ambulatory Care Medical Devices, Others), and Geography 2
Email: sales@theinsightpartners.com Medical Devices Market Overview The medical devices market is expected to reach US$ 767,684.9 million by 2027 from US$ 483,285.8 million in 2019. The market is estimated to grow with a CAGR of 6.1% from 2020 to 2027. A medical device can be a machine, instrument, apparatus, or an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions.There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and others. These medical devices are categorized into four classes, such as I, IIa, IIb, and III. The categories of the medical devices are based on the Food and Drug Administration and CE marking. The organizations have categorized class I as low-risk medical devices and class III as high-risk medical devices. 3
Email: sales@theinsightpartners.com Key Segment Market Segment By Type:- By Product Type (In Vitro Diagnostics (IVD), Surgical Device, General Medical Devices, Cardiovascular Devices, Orthopedic, Infection Control Devices, Ophthalmology, Endoscopy, Neurology, Others) Function (Diagnostic and Monitoring, Therapeutics, Surgical, Others) End-User (Homecare Medical Devices, Hospital Medical Devices, Ambulatory Care Medical Devices, Others) Download Sample Here 4
Email: sales@theinsightpartners.com $50,000 Medical Devices Market Value $40,000 $30,000 CAGR of 6.1% $20,000 (2020 - 2027) $10,000 $0 20XX 20XX 20XX 20XX 20XX Download Sample 5
Email: sales@theinsightpartners.com Company Profiles Medtronic Abbott Boston Scientific Corporation Braun Melsungen AG 3M General Electric Company Stryker Corporation Koninklijke Philips N.V. Siemens AG Johnson and Johnson Services, Inc. Download Sample Here 6
Email: sales@theinsightpartners.com By Geography North America (the US, Canada, and Mexico) Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific) Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa) South & Central America (Brazil, Argentina, and the Rest of South & Central America). 7
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