Regional Insights into the Medical Devices Testing Services Market: Growth Hotspots in North America

The growing number of inpatient admissions and the growing number of surgical and diagnostic procedures is driving demand for medical devices, including capital equipment and consumables

The global medical devices market size was USD 572.10 Billion in 2022 and is expected to register a revenue CAGR of 7.2% during the forecast period. Increasing investments in Research & Development (R&D) and technological advancements in medical devices and rising population and more awareness among the public are some of the key factors driving market revenue growth.

The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Medical Devices market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Medical Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Johnson & Johnson Services, Inc., Medtronic, General Electric Company, Abbott, Becton, Dickinson, and Company, Siemens Healthineers AG, Ethicon LLC, Stryker, Philips Healthcare, Bio Laboratories, Inc

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Emergen Research has segmented the global Medical Devices market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

  • Device Type Outlook (Revenue, USD Billion; 2019-2032)

    • Respiratory devices
    • Cardiology devices
    • Orthopedic devices
    • Others
  • Therapeutic Applications Outlook (Revenue, USD Billion; 2019-2032)

    • Gastrointestinal Surgery
    • General Surgery
    • Diagnostic Imaging
  • Customer Base Outlook (Revenue, USD Billion; 2019-2032)

    • Children
    • Adults
    • Pregnant woman
    • Elderly

The various regions analyzed in the report include:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

  • Analysis and estimation of the Medical Devices Market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Medical Devices Market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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