MEDICAL DEVICES REIMBURSEMENT MARKET ANALYSIS

Regional Analysis

Global Medical Devices Reimbursement Market: Regional Insights

Based on geography, the global medical devices reimbursement market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the rising prevalence of chronic diseases, growing geriatric population, increasing demand for medical devices, and increasing cost of healthcare in the region. For instance, rise in burden of chronic diseases is expected to increase or has increased the need/demand for affordable and quality healthcare. According to the U.S. Centers for Disease Control and Prevention (CDC), chronic diseases, such as cardiovascular diseases, cancer, and diabetes, are the leading causes of death and disability in the United States.

Europe and Asia Pacific are also expected to witness robust growth in the global medical devices reimbursement market due to the rise in burden of chronic diseases, growing geriatric population, increasing demand for affordable and quality healthcare, and increasing cost of healthcare in these regions. For instance, the Government of India has shifted its focus to rural healthcare, with a range of programmes aimed at making it more accessible and affordable. National Rural Health Mission help states and union territories in strengthening their healthcare systems to ensure universal access to equitable, affordable, and high-quality healthcare services.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East and Africa: GCC Countries, Israel, Rest of Middle East, South Africa, North Africa, and Central Africa