Medical Devices
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015– 2025
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Report
Description
Report Description
Medical devices market is the fastest increasing market worldwide due to its extensive use in
hospitals, research and development centers, educational institutes and clinical laboratories.
Medical devices market is majorly classified into seven categories including diagnostic imaging
devices, drug delivery devices, molecular diagnostic, surgical devices, monitoring devices,
bioimplants and neurostimulation, and others.
Following are the highlights of the various segments of the medical devices market:

Diagnostic imaging devices are the devices used for diagnosing disease condition.
Diagnostic devices market is further differentiated into:
• Magnetic resonance imaging (MRI)
• Computed Tomography (CT) scan
• X-ray systems
• Ultrasound imaging systems

Nuclear Imaging Systems (Positron Emisson Tomography (PET), SPECT (Single photon
emission computed tomography))
• Electrocardiography (ECG)

Drug delivery devices are the devices and accessories which are helpful in performing
drug administration. This market consists of:
• Inhaler devices (dry powder inhalers and metered dose inhalers)
• Nebulizers
• Microneedles
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Description
Report Description
•
•
•
•
Pre-filled syringes (PFS) (glass PFS and plastic PFS)
Pen injectors
Auto injectors
Needle free injectors
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 Molecular diagnostic devices are specialized to test nucleic acid or proteins. This
category of medical devices includes:
• Polymerase chain reaction (PCRs)
• Microarrays
 Surgical devices are devices majorly used during both invasive and non-invasive surgery
including:
• Handheld instruments (forceps, spatula, dialator)
• Guiding devices (guiding catheters and guidewires)
• Auxiliary devices (cannula, staplers, clamp, closure)
• Balloon inflation systems
• Mechanical cutters (trocar, rasp, scissors)
 Monitoring Devices are the devices which are used for keeping the record of patient
after the treatment. This category of devices consists of:
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Description
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Heart rate monitors (Holter monitors, Event monitors, Implantable loop monitors)
• Blood pressure monitoring system
• Blood Glucose monitors
• Thermometers
• Body mass index analyzers
 Bioimplants and neurostimulation market include the devices which are implanted inside the
body for treatment of the disease condition. This segment of market is differentiated into:
• Cardiovascular Implants (pacing devices, stents, structural cardiac implants)
• Spinal implants (thoracolumbar Implants, Intervertebral Spacers, Machined Allograft
Spacers, Cervical Implants)
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• Orthopedics and Trauma (reconstructive joint replacements, orthobiologics, trauma
implants)
• Dental implants (plate form and root form dental implants)
• Opthalmic implants (intraocular lens, glaucoma and other lenses)
 Neurostimulator implants (cortical stimulators, deep brain stimulators, sacral nerve
stimulators, spinal stimulators)
• Hearing aids
• Cosmetic implants
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Description
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 Others: This category of medical devices include all the accessories and material which are
helpful in performing medical procedures such as:
• Syringes
• Gloves
• Medical and surgical sterilizers
• Needles
The medical devices market is showing continuous growth driven by various factors such as rise
in aging population, innovations in medical devices, changing lifestyles and increasing awareness
about the medical conditions and available treatments. Diagnostic imaging devices segment is
the major revenue generating market for medical devices market due to extensive research and
development. Other major revenue segment for medical devices market is bioimplants and
neurostimulation specifically in markets of North America and Europe due to increasing demand
for cosmetic implants and economic stability in these regions.
North America leads in the medical devices market followed by the Europe majorly because of
aging population. According to the data of Centers for Disease Control and Prevention (CDS), in
2010 40 million people aged 65 and above in United States accounting for 13% of the total
population and CDC projected that around 20% of the population in the country would be under
this category by 2030. Market of Asia-Pacific is also growing at faster pace for medical devices
majorly driven by the growing economies of Japan, China and India.
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Description
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The key players in the market include Stryker Corporation, Johnson & Johnson, Philips
Healthcare, Siemens Healthcare, GE Healthcare, Toshiba Medical Systems, Boston Scientific
Corporation, St. Jude Medical, Inc., Biomet, Inc. and Smith and Nephew. Among all of the above
Stryker Corporation and Johnson & Johnson are currently dominating medical devices markets.
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