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Is the Scope of Medical Device Markets Shifting

Pandemic-infused demand for remote care solutions has grown dramatically in recent times, medical devices being the cornerstone in this area. With these devices instituting a paradigm shift in care delivery models, we undertook a critical assessment of Medical Device Markets and attempted to determine the key innovations. To get a report in detail, contact us at - info@insights10.com

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Is the Scope of Medical Device Markets Shifting

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  1. A market research report on Is the Scope of Medical Device Markets Shifting?

  2. Growth Trajectory of Global Medical Device Market Global Medical Device Market was valued at USD 488.9 Billion in 2021 portraying moderate growth trajectory while estimating USD 495.5 billion in the following year. The market is poised to reach USD 802.3 billion by 2030 exhibiting a CAGR of 5.5% Global Medical Device Market Size, 2021-30 (USD Billion) Key Market Nuances and Insights The growth of the Medical Device market is led by certain factors: ? Growing prevalence of chronic conditions and growing emphasis towards preventive care approach such as early diagnosis than treating the disease ? Rise in the number of inpatient admissions and surge in number of patients undergoing surgical and diagnostic procedures fuelled the demand for medical devices ? ? Larger investments by key industry players and shift in focus towards innovating advanced technologies to support medical devices and equipment Even After pandemic hit, Global Medical Device Market bounced back led by rising concerns around self-managing health conditions and remote care due to travel barriers 2

  3. Top Five Trends to Watch in Medical Device Industry Digital Health and Virtual Care Solutions AI and ML Applications Wearables and Sensor-based tools Robotics and Assisted Surgeries Health Data and Interoperability 3

  4. FDA Approvals in Medical Device Market MedTech Approvals Over the Past Decade H1 2022’s Approvals by Therapy Area ? FDA kept approvals of medical devices intact during the pandemic; however, as the pressure eases, it has slowed down in the current year ? H1 2022 witnessed a total of 12 premarket approvals with avg. approval time of 20.9 months ? ? Cardiology devices topped the list with 4 approvals while other areas such as Anaesthesia & Respiratory, In Vitro Diagnostics and Orthopaedics stayed on tie with 2 PMA approvals in the same period ? There were total 12 de novo clearance with average approval time of 13.3 months in the same timeline 4

  5. What would this Report Cover? Medical Device Market Outlook Growth Drivers and Restraints Emerging Industry Trends Breakthroughs & FDA Approvals 1 2 4 3 − Growth Trajectory of Global Medical Device Market − Factors Driving Market Growth Top 5 Trends to Watch − Emergence of Ground-breaking Medical Devices − Digital Health & Virtual Care Solutions − Factors Restraining Market Growth − Regional View (United States, EU, APAC) − FDA Approvals in Medical Device Market − AI & ML Applications − Wearables & Sensor-based Tools − Market Recovery from COVID-19 outbreak − FDA Approvals of Innovative Medical Devices − Robotic Assisted Surgeries − R&D Spend of Key Market Players in Medical Devices − MedTech Approvals over the Past Decade − Health Data & Interoperability 5

  6. What would this Report Cover? (Contd.) Notable M&A Activities Key Market Players Reimbursement Trends 5 6 8 7 Future Outlook − MedTech M&A Activities at a Glance − Medtronic Plc − Reimbursement Scenario − Future Prospects − Johnson & Johnson − Promising Reimbursement Trends in Medical Device Market − Key Takeaways − M&A Activities across MedTech Sphere − Abbott − Koninklijke Philips N.V. − GE Healthcare 6

  7. Who should buy this report? Healthcare Pharmaceutical HealthTech MedTech Providers Players Players Companies

  8. Topics of Upcoming Reports 10 Disease Areas where Digital Therapeutics is Booming 7 Virtual Startups that will Radically Transform Patient Access Cost of this report: Why Life Insurance Companies are Joining Hands with Telehealth Platforms? $2,500 Trends that are Shaping the growth of AI in Healthcare Russia-Ukraine War: Possible Endgame and Opportunities for Life Sciences Players Annual Subscription: Top 5 Transformative Femtech Solutions You Need to Track Today $125,000 $60,000 10 Ways in which Current Macro Upheavals in China will Impact your Life Sciences Business (Includes a total of 50 reports) 10 Ways in which Technology is Driving Better Efficiency in Clinical Trials Will the Expiry of Humira Market Exclusivity and Entry of its Biosimilars Move the Needle in BioPharma Market? www.insights10.com

  9. Lifesciences Market Research Reports you can trust A large database of syndicated market research studies in pharmaceuticals and healthcare sector on global, regional as well as country level. We also provide customized research reports tailormade to suit your needs. www.insights10.com

  10. Get Insights to take informed Business Decisions Insights10 is a healthcare focused market research firm founded with an aim of being an insights driven company in the data driven world and delivering actionable insights that can drive decision and strategy making process for businesses www.insights10.com

  11. Our Research Process 01 02 03 04 05 Identification of Data Market Dynamics Collection of Data Collaboration of Data Verification & Analysis www.insights10.com

  12. Statistical Databases Company Websites/Annual Reports Data Sources We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information Trade Publications Online Databases Published Research Reports Whitepapers Press Releases of Key Market Players www.insights10.com

  13. What Kind of Data is Presented in This Report? This report presents data, which is: Reliable Expert-verified Real Comprehensive Easytoread The data is prepared by Allowing you to Covers everything you You do not have to be a The report is prepared a team of highly qualified confidently make smarter would need to know market expert to using a proven & experienced research business and strategic about the market understand what really is methodology and analysts & vetted by our decisions including market size, happening on the market insightful research local associates competitive analysis & and how it works much more www.insights10.com

  14. We would be happy to help. Please email info@insights10.com or Call +91 9316397935 www.insights10.com

  15. THANK YOU We truly appreciate your business and look forward to serving you. www.insights10.com

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