Contact Us Register
Contact Us Careers Register

The convergence of information technology with medical devices is transforming the landscape of patient care. Integration of medical devices with mobile applications for monitoring and diagnosis of disease conditions can reduce cost of diagnosis. Also, evaluating health measures is no longer restricted to in-clinic visit. Patients can self-monitor their health at their convenience using portable medical devices. In-vitro... View more

The convergence of information technology with medical devices is transforming the landscape of patient care. Integration of medical devices with mobile applications for monitoring and diagnosis of disease conditions can reduce cost of diagnosis. Also, evaluating health measures is no longer restricted to in-clinic visit. Patients can self-monitor their health at their convenience using portable medical devices. In-vitro medical devices have transformed the diagnostics industry by reducing cost and time required for tests. Growth of the medical devices market has been influenced by technological innovations and patient focused care.

Challenges

One of the challenges faced by medical devices companies is integrating rapidly evolving technologies with existing products in order to maintain a competitive advantage in the market. Hence, a major share of the spending of these companies is directed towards research and development (R&D). According to a survey conducted by Forbes in 2015, around 47% of the medical device manufacturers were planning to spend over 6% of their revenue on R&D till 2017. Moreover, new regulatory requirements and fierce competition are posing a challenge for companies operating in this sector. The new Unique Device Identification (UDI) guidelines introduced in 2014 will help stakeholders save costs.

Home Healthcare Devices to Fuel Market Growth

Self-medication practices are also driving demand for home healthcare devices. The launch of glucose monitors, insulin delivery devices, oxygen concentrators, and nebulizers has improved access to healthcare in emerging countries. The increasing awareness about lifestyle disorders among the populace, in addition to advent of new technology has led consumers to adopt more sophisticated devices to self-monitor their health conditions. Furthermore, these devices are convenient to use, and save time and healthcare costs. However, app-based devices are facing challenges with respect to obtaining approvals from regulatory authorities such as the FDA.

Growth in Emerging Economies

North America dominates the global medical devices market, however Asia Pacific and Latin America regions are projected to exhibit significant growth in the forthcoming years. Factors such as rapidly expanding patient pool, rising healthcare spending, and increasing health awareness in these regions are expected to create opportunities for manufacturers of medical devices to expand their operations to these markets. However, market players may need to adopt distribution, manufacturing and business strategies tailored to these regions to ensure a successful foray. Strategic mergers and acquisitions with regional and local players is likely to help companies operating on a global scale to strengthen their product portfolio and market presence.

Conclusion

The way healthcare is delivered, accessed and perceived is changing due to introduction of novel medical devices. As regulatory requirements change and evolve, medical device manufacturers need to understand the implications and be operationally and technologically equipped. Companies also need to ensure that they have the right competencies to keep up with increasing competition and regulations, and assess their impact. Key players operating in this market are Johnson & Johnson, General Electric Co., Medtronic Inc., Siemens AG, Baxter International Inc., Stryker Corp., Fresenius Medical Care AG & Co., St. Jude Medical Inc., and Becton, Dickinson and Co.View less

Medical Devices Published Insights

Coherent Market Insights Urinary Catheters Market

Published Date : Feb 2025

The global urinary catheters market is estimated to be valued at USD 6.19 Bn in 2025 and is expected to exhibit a CAGR of 6.1% during the forecast period (2025-2032). The global urinary catheters market has been growing steadily over the past few years. A urinary ca... View more

Coherent Market Insights Respiratory Devices Market

Published Date : Feb 2025

The global respiratory devices market is estimated to be valued at USD 26.22 Bn in 2025 and is expected to exhibit a CAGR of 11% during the forecast period (2025-2032). The global respiratory devices market has been witnessing significant growth in the recent years ... View more

Coherent Market Insights Orthobiologics Market

Published Date : Feb 2025

The global orthobiologics market is estimated to be valued at USD 7.67 Bn in 2025 and is expected to exhibit a CAGR of 6.4% during the forecast period (2025-2032). Orthobiologics are biological substitutes used in orthopedic applications to aid the healing of damage... View more

Coherent Market Insights Breast Implants Market

Published Date : Feb 2025

The global breast implants market is estimated to be valued at USD 1.62 Bn in 2025 and is expected to exhibit a CAGR of 4.9% during the forecast period (2025-2032). Breast implants are artificial devices (prostheses), which are surgically inserted into the breast, f... View more

Coherent Market Insights Radiotherapy Market

Published Date : Feb 2025

The global radiotherapy market is estimated to be valued at USD 8.55 Bn in 2025 and is expected to exhibit a CAGR of 7.3% during the forecast period (2025-2032). The global radiotherapy market has been witnessing steady growth over the past few years owing to the in... View more

Coherent Market Insights Air Ambulance Services Market

Published Date : Feb 2025

Global air ambulance services market is estimated to be valued at USD 7.56 Bn in 2025 and is expected to exhibit a CAGR of 9.6% during the forecast period (2025-2032). Global air ambulance services market is witnessing robust growth in recent years. As medical emergen... View more

Coherent Market Insights Dental Implants Market

Published Date : Feb 2025

Global dental implants market is estimated to be valued at USD 5.54 Bn in 2025 and is expected to exhibit a CAGR of 7.3% during the forecast period (2025-2032). Dental implants are bio-compatible synthetic structures surgically placed into the jawbone to support den... View more

Coherent Market Insights Reprocessed Medical Devices Market

Published Date : Feb 2025

The global reprocessed medical devices market is estimated to be valued at USD 3.51 Bn in 2025 and is expected to exhibit a CAGR of 15.4% during the forecast period (2025-2032). The reprocessed medical devices market refers to the remanufacturing and reuse of medica... View more

Coherent Market Insights Prosthetic Heart Valve Market

Published Date : Feb 2025

Global prosthetic heart valve market is estimated to be valued at USD 14.76 Bn in 2025 and is expected to exhibit a CAGR of 11.7% during the forecast period (2025-2032). The prosthetic heart valve market has been witnessing steady growth over the past few years owin... View more

Coherent Market Insights Radiopharmaceuticals Market

Published Date : Feb 2025

Radiopharmaceuticals are radioactive drugs used in nuclear medicine for both diagnostics and therapeutics purposes. These play a crucial role in medical imaging techniques through emission of nuclear radiation such as gamma rays from radioactive tracers introduced int... View more

Coherent Market Insights Elderly And Disabled Assistive Devices Market

Published Date : Feb 2025

Due to rapidly aging population worldwide, there has been huge demand for devices that help senior citizens and people with disabilities to live independently. Assistive devices range from daily living aids to complex medical equipment. Mobility aids like walkers, whe... View more

Coherent Market Insights Cryoablation Devices Market

Published Date : Feb 2025

Cryoablation is a minimally invasive procedure that uses extreme cold temperatures to destroy diseased or damaged tissue. Cryoablation devices use argon gas or liquid nitrogen to precisely target unwanted tissue and protect surrounding healthy anatomy. With rising inc... View more

Coherent Market Insights Defibrillators Market

Published Date : Feb 2025

Global defibrillators market is estimated to be valued at USD 13.59 Bn in 2025 and is expected to exhibit a CAGR of 7.0% during the forecast period (2025-2032). Defibrillators are medical devices that deliver an electric shock to the heart in order to induce rhythmi... View more

Coherent Market Insights Blood Flow Measurement Devices Market

Published Date : Feb 2025

The global blood flow measurement devices market has been gaining significant traction over the past couple of years owing to growing prevalence of cardiovascular diseases worldwide. Rising number of patients suffering from heart conditions like heart failure, coronar... View more

Coherent Market Insights Remote Patient Monitoring Market

Published Date : Feb 2025

The global remote patient monitoring devices market is estimated to be valued at USD 14.34 Bn in 2025 and is expected to exhibit a CAGR of 15.9% during the forecast period (2025-2032). The remote patient monitoring devices market has witnessed significant growth in th... View more

Coherent Market Insights Kidney Dialysis Equipment Market

Published Date : Feb 2025

Kidney dialysis equipment are medical devices that filter and clean blood of patients whose kidneys are unable to perform these functions naturally due to kidney failure or renal disease. Factors such as rising prevalence of end-stage renal disease (ESRD), increasing ... View more

Coherent Market Insights Respiratory Inhalers Market

Published Date : Feb 2025

Respiratory inhalers are medical devices used for administration of drugs to treat respiratory diseases like asthma and COPD. These help to deliver the required dosage of medication directly to the airways through inhalation. Rising prevalence of respiratory diseases ... View more

Coherent Market Insights Varicose Vein Treatment Devices Market

Published Date : Feb 2025

The global varicose vein treatment devices market is estimated to be valued at USD 1,364.1 Mn in 2025 and is expected to exhibit a CAGR of 6.8% during the forecast period (2025-2032). The varicose vein treatment devices market has been witnessing significant growth ov... View more

LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

Reliability and Reputation

860519526

Reliability and Reputation
ISO 9001:2015

9001:2015

ISO 27001:2022

27001:2022

Reliability and Reputation
Reliability and Reputation
© 2025 Coherent Market Insights Pvt Ltd. All Rights Reserved.