San Francisco, 13 February 2019: The Report U.S.Medical Device Manufacturers Market Size, Share & Trends Analysis
Report By Type (Diagnostic Imaging, Consumables, Patient Aids, Orthopedics),
Competitive Landscape, And Segment Forecasts, 2019 - 2025
The U.S. medical device manufacturers market size is expected to reach USD 226.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.0% CAGR during the forecast period. Developing countries offer new investment avenues to global market giants, especially the ones in U.S. Developing healthcare infrastructure and increasing disease burden are driving demand for advanced medical devices in these countries.
Increasing geriatric population in U.S. is
one of the major factors driving demand for various medical devices, thereby
attracting new entrants into the market. This is anticipated to create a
positive environment for entry of new players. They are highly capital
intensive in some segments, such as cardiac monitors and oxygen equipment. A
significant amount of seed capital is required to set up a manufacturing
facility.
In recent years, the imaging equipment
segment has witnessed a large number of new product launches and currently has
a significant number of products in pipeline. Diagnostic imaging is an
important tool for diagnosis of a wide range of chronic as well as acute
diseases. Early diagnosis leads to detection of chronic diseases at earlier
stages, which helps decrease total healthcare costs.
Product launches, mergers, and acquisitions
are anticipated to aid companies in expanding their client base, leading toward
market growth. For instance, in March 2017, GE Healthcare acquired Monica
Healthcare.In April 2017, Abbott and Alere amended the terms of their merger
agreement for the former’s acquisition of the latter. The acquisition is
expected to aid in the expansion of Abott’s presence in the global diagnostics
industry.
Access Research Report of U.S. Medical Device Manufacturers
Market @ www.grandviewresearch.com/industry-analysis/us-medical-device-manufacturers-market
Further key findings from the report suggest:
· The diagnostic imaging segment captured the
largest market share in 2017 owing to growing demand for accurate diagnostic
solutions
· The patient aids segment is anticipated to
grow at the fastest rate over the forecast period
· Some of the key players in the market are
3M, Abbott Laboratories, Baxter International, Boston Scientific Corporation,
B. Braun Melsungen, GE Healthcare, Johnson and Johnson, and Medtronic.
· Product launches, mergers, and acquisitions
are expected to help companies increase their client base, leading toward
market growth.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the U.S.
medical device Manufacturers market on the basis of type:
U.S. Medical Device Manufacturers Type
Outlook (Revenue, USD Million, 2014 - 2025)
·
Diagnostic imaging
·
Consumables
·
Patient Aids
·
Orthopedics
·
Others
Access Press Release of
U.S. Medical Device Manufacturers Market@ www.grandviewresearch.com/press-release/us-medical-device-manufacturers-market-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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