From a simple adhesive bandage to convoluted ventilators offering life-support, everything is categorized under medical devices. Medical devices play an indispensable role in health care --diagnosis, treatment, prevention, and aiding the disabled. Of times, healthcare is only as good as the quality of the medical equipment involved. Growth in the medical devices industry will be driven by the rapid expansion of the emerging markets, allied with sturdy growth in established markets as the effects of the economic crisis begin to fade. The expansion of the middle class income group in emerging economies will result in a larger proportion of the population being able to afford procedures and treatments that were previously deemed too expensive.
To stay existing with the latest developments and emerging trends in the global medical devices industry or in your target market; browse Market Data Forecast’s Medical devices category. Our extensive product coverage features analysis of local and world markets for medical devices as well as current industry news, quarterly trackers, statistics and forecasts.
We expect the increasing move towards personalised therapy to contribute to the expansion of the medical devices market, particularly between 2016 and 2023. Innovations in the field of diagnostics will propel the launch of devices which incorporate biomarkers; leading to swifter patient diagnosis and monitoring. Reimbursement will remain a major issue for the medical devices industry in the coming years, as rates in established markets such as the US and Europe will most likely continue to drop. Competition within some of the currently fast growing sectors, such as the cardiology and neurological sectors, will intensify due to the expected launch of innovative products by major companies in mature markets. Moreover, medical device manufacturers will be required to display a high level of cost-effectiveness for their products due to tighter regulatory and reimbursement policies, especially in the emerging economies. Nevertheless we expect the increase in demand for medical devices used in the treatment of chronic illnesses to offset pricing declines caused by increased competition between manufacturers, particularly in emerging markets like India and China.
Market Data Forecast services in Medical devices market include Diagnostic Imaging, Drug Delivery Devices, Dental Devices Mobility Aid Technologies, Minimally Invasive/Non-Invasive Surgery, Microfluidics & MEMS Non-Invasive monitoring Bio implants, Neurostimulation, Therapeutic, Cardiovascular Devices and In-Vitro Diagnostics etc.
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