Medical Devices Market Size to Hit USD 1,146.95 Bn by 2034

Medical Devices Market

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Medical Devices Market

5.1. COVID-19 Landscape: Medical Devices Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Medical Devices Market, By Product Type

8.1. Medical Devices Market Revenue and Volume, by Product Type

8.1.1 Diagnostic Devices

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Therapeutic Devices

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Assistive and Rehabilitation Devices

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Others

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Medical Devices Market, By End-User

9.1. Medical Devices Market Revenue and Volume, by End-User

9.1.1. Hospitals

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Ambulatory Surgical Centers (ASCs)

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Diagnostic Centers

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Home Healthcare Settings

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Clinics

9.1.5.1. Market Revenue and Volume Forecast

9.1.6. Long-term Care Facilities

9.1.6.1. Market Revenue and Volume Forecast

9.1.7. Research and Academic Institutes

9.1.7.1. Market Revenue and Volume Forecast

Chapter 10. Global Medical Devices Market, By Sales Channel

10.1. Medical Devices Market Revenue and Volume, by Sales Channel

10.1.1. Direct Sales (Distributors & Dealers)

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Indirect Sales

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Online Sales

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global Medical Devices Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Product Type

11.1.2. Market Revenue and Volume Forecast, by End-User

11.1.3. Market Revenue and Volume Forecast, by Sales Channel

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Product Type

11.1.4.2. Market Revenue and Volume Forecast, by End-User

11.1.4.3. Market Revenue and Volume Forecast, by Sales Channel

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Product Type

11.1.5.2. Market Revenue and Volume Forecast, by End-User

11.1.5.3. Market Revenue and Volume Forecast, by Sales Channel

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Product Type

11.2.2. Market Revenue and Volume Forecast, by End-User

11.2.3. Market Revenue and Volume Forecast, by Sales Channel

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Product Type

11.2.4.2. Market Revenue and Volume Forecast, by End-User

11.2.4.3. Market Revenue and Volume Forecast, by Sales Channel

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Product Type

11.2.5.2. Market Revenue and Volume Forecast, by End-User

11.2.5.3. Market Revenue and Volume Forecast, by Sales Channel

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Product Type

11.2.6.2. Market Revenue and Volume Forecast, by End-User

11.2.6.3. Market Revenue and Volume Forecast, by Sales Channel

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Product Type

11.2.7.2. Market Revenue and Volume Forecast, by End-User

11.2.7.3. Market Revenue and Volume Forecast, by Sales Channel

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Product Type

11.3.2. Market Revenue and Volume Forecast, by End-User

11.3.3. Market Revenue and Volume Forecast, by Sales Channel

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Product Type

11.3.4.2. Market Revenue and Volume Forecast, by End-User

11.3.4.3. Market Revenue and Volume Forecast, by Sales Channel

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Product Type

11.3.5.2. Market Revenue and Volume Forecast, by End-User

11.3.5.3. Market Revenue and Volume Forecast, by Sales Channel

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Product Type

11.3.6.2. Market Revenue and Volume Forecast, by End-User

11.3.6.3. Market Revenue and Volume Forecast, by Sales Channel

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Product Type

11.3.7.2. Market Revenue and Volume Forecast, by End-User

11.3.7.3. Market Revenue and Volume Forecast, by Sales Channel

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Product Type

11.4.2. Market Revenue and Volume Forecast, by End-User

11.4.3. Market Revenue and Volume Forecast, by Sales Channel

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Product Type

11.4.4.2. Market Revenue and Volume Forecast, by End-User

11.4.4.3. Market Revenue and Volume Forecast, by Sales Channel

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Product Type

11.4.5.2. Market Revenue and Volume Forecast, by End-User

11.4.5.3. Market Revenue and Volume Forecast, by Sales Channel

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Product Type

11.4.6.2. Market Revenue and Volume Forecast, by End-User

11.4.6.3. Market Revenue and Volume Forecast, by Sales Channel

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Product Type

11.4.7.2. Market Revenue and Volume Forecast, by End-User

11.4.7.3. Market Revenue and Volume Forecast, by Sales Channel

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Product Type

11.5.2. Market Revenue and Volume Forecast, by End-User

11.5.3. Market Revenue and Volume Forecast, by Sales Channel

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Product Type

11.5.4.2. Market Revenue and Volume Forecast, by End-User

11.5.4.3. Market Revenue and Volume Forecast, by Sales Channel

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Product Type

11.5.5.2. Market Revenue and Volume Forecast, by End-User

11.5.5.3. Market Revenue and Volume Forecast, by Sales Channel

Chapter 12. Company Profiles

12.1. DePuy Synthes

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Medtronics Plc

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Fesenius Medical Care

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. GE Healthcare

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Philips Healthcare

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Ethicon LLC

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Siemens Healthineers

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Stryker

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Cardinal Health

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Baxter International Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global medical devices market size was valued at USD 640.45 billion in 2024 and expected to be worth around USD 1,146.95 billion by 2034.

The global medical devices market is growing at a compound annual growth rate CAGR of 6% during the forecast period 2025 to 2034.

The increasing prevalence of chronic diseases that include cancer and diabetes expected to contribute prominently in driving the medical devices market. Furthermore, unhealthy lifestyle and eating habits also attracts other types of critical diseases that further expected to flourish the demand for medical devices in the near future.

In 2024, North America captured the largest revenue share and anticipated to continue its dominance over the upcoming years because of developed healthcare infrastructure.

The Asia Pacific emerged as the fastest growing region during the forecast period owing to rising ageing population, increasing per capita income, and growing health concern among the people.

The major key players operating in medical devices market are DePuy Synthes, Medtronics Plc, Fesenius Medical Care, GE Healthcare, Philips Healthcare, Ethicon LLC, Siemens Healthineers, Stryker, Cardinal Health, Baxter International Inc., BD among others.