Global Medical Device Technologies

Albany, NY — (SBWIRE) — 08/17/2017 — It is well recognized that advancements in medical device technology have allowed physicians to better diagnose and treat their patients, saving countless lives and continuous improvement in the quality of life.

In the recent years, there has been a positive growth acquired in the medical industry, which also displays promising growth for the market of medical device technologies in near future to serve the vast unmet medical needs.

To expand this in detail, Market Research Hub (MRH) has recently added a report titled, “Medical Device Technologies Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025″ to its research offerings.

The study offers detailed industry analysis on medical device technologies market covering its current and future prospects. Additionally, it also highlights a number of drivers, restraints and opportunities that are expected to impact the market during the forecast period.

Request Free Sample Report

As per the analyst’s estimation, the global medical device technology market has showcased significant growth over the past few years and is anticipated is projected to grow at a robust CAGR of 4.6% over the forecast period of 2017 to 2025.

At this pace, the market is estimated to attain a value of US$563,886.5 mn by 2025 increasing from US$377,562.4 mn in 2016. The rising adoption of advanced technologies for the manufacture of medical devices is one of the major factor driving the market across the world.

Initially, the report comprises an elaborate executive summary, including a market snapshot of medical device technology that provides overall information of various segments and sub-segments.

Medical device technology is a broad field where innovation plays a crucial role, innovations in the technological front such as multi functionality medical devices, is one of the most important driving factors for the medical device technology market.

Medical technologies have brought about efficacy, sustainability, and efficiency in healthcare systems with hi-tech devices such as ultrasounds, continuous glucose monitoring systems, and much more. These are some of the key growth drivers of the medical device technologies market.

Geographically, the global Medical device technologies market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Of these, Europe trailed North America in the global medical device technologies market in 2016 revenue-wise, due to rising geriatric population.

Further, the market has been studied in terms of device type, end-user and region. On the basis of device type, the study covers, Vitro Diagnostic (IVD) Devices, Cardiology Devices, Diagnostic Imaging Devices, Ophthalmology Devices, Endoscopy, Orthopedic Devices and others. The segment of in vitro diagnostic devices is predicted to display notable growth in the coming years on account of rising incidence of infectious and chronic diseases along with the rising popularity of non-invasive diagnostic practices.

Browse Full Report with TOC 

Key companies profiled in the report include Abbott Laboratories, Boston Scientific Corporation, Johnson & Johnson, Baxter International, Inc. Medtronic plc, Cardinal Health Inc., Stryker Corporation, F. Hoffmann-La Roche Ltd., GE Healthcare, Siemens Healthineers, Smith & Nephew plc, Koninklijke Philips N.V., and other prominent players.

Enquire about this Report

About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis.

MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

We are leading provider of Sales Talent in the Medical Device and B2B Industries

We help our clients build winning sales teams by attracting the best Sales Talent in the country. We specialize in bringing our customer’s top-performing Medical Sales Candidates that will make a difference in driving growth and outperforming the competition.

Our Clients range from blue-chip companies to leading-edge small, medium, and startup enterprises.

David Bagga is the country’s leading Medical Device Sales Recruiter, and Coach ranked in the top 1% by LinkedIn.

Contact us to discuss your recruiting needs or if you would like to grow your career in the exciting field of Medical Device Sales.