Global Medical Device Market 2020-2030 by Category (Diagnostic, Consumables, Patient Aids, Orthopaedics, Dental, Others), Application (Imaging, IVDs, Cardiology, Orthopedics, Ophthalmics, Respiratory), End User (Hospitals, Clinics, Household), and Region: Trend Forecast and Growth Opportunity
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Global medical device market will reach $745.0 billion by 2030, growing by 5.0% annually over 2020-2030 owing to aging population worldwide, the prevalence of infectious diseases as well as the increasing prevalence of chronic diseases, technological innovation, and penetration of healthcare insurance.
Highlighted with 77 tables and 105 figures, this 203-page report “Global Medical Device Market 2020-2030 by Category (Diagnostic, Consumables, Patient Aids, Orthopaedics, Dental, Others), Application (Imaging, IVDs, Cardiology, Orthopedics, Ophthalmics, Respiratory), End User (Hospitals, Clinics, Household), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global medical device market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global medical device market in every aspect of the classification from perspectives of Category, Application, End User, and Region.
Based on Category, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Diagnostic Devices
o Electrodiagnostic Devices (further segmented into Ultrasound Systems, Magnetic Resonance Imaging (MRI), Electrocardiographs, Scintigraphic Apparatus, Other Electrodiagnostic Devices)
o Radiation Devices (further segmented into CT Scanners; Other Medical X-ray Apparatus; A, B, C Ray Apparatus)
o Imaging Parts & Accessories (further segmented into Contrast Media, X-ray Tubes, Medical X-ray Film, Other Imaging Parts & Accessories)
• Consumables
o Syringes, Needles & Catheters (further segmented into Syringes (with/without needles), Tubular Metal Needles/Needles for Sutures, Others)
o Bandages & Dressings (further segmented into Adhesive Medical Dressings and Non-adhesive Medical Dressings)
o Suturing Materials
o Other Consumables (further segmented into Surgical Gloves, Ostomy Products, Blood-Grouping Reagents, First-aid Boxes & Kits)
• Patient Aids
o Portable Aids (further segmented into Hearing Aids, Pacemakers, Other Portable Aids)
o Therapeutic Applications (further segmented into Therapeutic Respiration Devices and Mechano-Therapy Devices)
• Orthopaedics and Prosthetics
o Fixation Devices
o Artificial Joints
o Other Artificial Body Parts
• Dental Products
o Dental Instrument & Supplies (further segmented into Dental Instruments, Dental Cements, Teeth & Other Fittings)
o Dental Capital Equipment (further segmented into Dental Drills, Dental Chairs, Dental X-ray)
• Other Medical Device Categories
o Ophthalmic Instruments
o Hospital Furniture
o Wheelchairs
o Medical & Surgical Sterilisers
o Ultra-violet or Infra-red Ray Apparatus
o Other Instruments & Appliances
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Diagnostic Imaging Devices
• In Vitro Diagnostics (IVDs)
• Cardiology
• Orthopedics
• Ophthalmics
• Respiratory
• Urology & Gynecology
• General and Plastic Surgery
• Endoscopy
• Dental
• Diabetic Care
• Wound Management
• Nephrology
• General Hospital and Healthcare
• Ear, Nose and Throat
• Neurology
• Roboics Navigation
• Other Applications
Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ bn) for 2019-2030 included in each section.
• Hospitals & Surgical Centers
• Clinics
• Household
• Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ bn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Application and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
3M Co.
Abbott Laboratories
Allergan Inc.
Baxter International Inc.
Bayer
Becton, Dickinson and Co.
Boston Scientific Corp.
Cardinal Health Inc.
Covidien plc
Cryolife Inc.
Danaher
Depuy Synthes
Endologix, Inc.
Essilor International SA
Fresenius Medical Care AG & Co. KGAA
GE Healthcare
Getinge Ab
Johnson & Johnson
Koninklijke Philips NV
Medtronic Inc.
Novartis AG
Olympus Corp.
Roche Diagnostics
Siemens Healthcare
Smith & Nephew PLC
Smiths Medical
St. Jude Medical Inc.
Stryker Corp.
Terumo Corp.
Thermo Fisher Scientific
Zimmer Holdings Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 10
1.1 Industry Definition and Research Scope 10
1.1.1 Industry Definition 10
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 26
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Global Market by Category 46
3.1 Market Overview by Category 46
3.2 Diagnostic Devices 48
3.2.1 Electrodiagnostic Devices 49
3.2.2 Radiation Devices 50
3.2.3 Imaging Parts & Accessories 51
3.3 Consumables 52
3.3.1 Syringes, Needles & Catheters 53
3.3.2 Bandages & Dressings 54
3.3.3 Suturing Materials 55
3.3.4 Other Consumables 56
3.4 Patient Aids 57
3.4.1 Portable Aids 58
3.4.2 Therapeutic Applications 59
3.5 Orthopaedics and Prosthetics 60
3.5.1 Fixation Devices 61
3.5.2 Artificial Joints 62
3.5.3 Other Artificial Body Parts 63
3.6 Dental Products 64
3.6.1 Dental Instrument & Supplies 65
3.6.2 Dental Capital Equipment 66
3.7 Other Medical Device Categories 67
4 Segmentation of Global Market by Application 69
4.1 Market Overview by Application 69
4.2 Diagnostic Imaging Devices 71
4.3 In Vitro Diagnostics (IVDs) 72
4.4 Cardiology 73
4.5 Orthopedics 74
4.6 Ophthalmics 75
4.7 Respiratory 76
4.8 Urology & Gynecology 77
4.9 General and Plastic Surgery 78
4.10 Endoscopy 79
4.11 Dental 80
4.12 Diabetic Care 81
4.13 Wound Management 82
4.14 Nephrology 83
4.15 General Hospital and Healthcare 84
4.16 Ear, Nose and Throat 85
4.17 Neurology 86
4.18 Roboics Navigation 87
4.19 Other Applications 88
5 Segmentation of Global Market by End User 89
5.1 Market Overview by End User 89
5.2 Hospitals & Surgical Centers 91
5.3 Clinics 92
5.4 Household 93
5.5 Other End Users 94
6 Segmentation of Global Market by Region 95
6.1 Geographic Market Overview 2019-2030 95
6.2 North America Market 2019-2030 by Country 99
6.2.1 Overview of North America Market 99
6.2.2 U.S. 103
6.2.3 Canada 107
6.2.4 Mexico 109
6.3 European Market 2019-2030 by Country 111
6.3.1 Overview of European Market 111
6.3.2 Germany 115
6.3.3 U.K. 117
6.3.4 France 119
6.3.5 Spain 121
6.3.6 Italy 123
6.3.7 Russia 125
6.3.8 Rest of European Market 127
6.4 Asia-Pacific Market 2019-2030 by Country 129
6.4.1 Overview of Asia-Pacific Market 129
6.4.2 Japan 133
6.4.3 China 136
6.4.4 Australia 138
6.4.5 India 140
6.4.6 South Korea 142
6.4.7 Rest of APAC Region 144
6.5 South America Market 2019-2030 by Country 146
6.5.1 Argentina 149
6.5.2 Brazil 151
6.5.3 Chile 153
6.5.4 Rest of South America Market 155
6.6 MEA Market 2019-2030 by Country 156
6.6.1 UAE 159
6.6.2 Saudi Arabia 161
6.6.3 South Africa 163
6.6.4 Other National Markets 165
7 Competitive Landscape 166
7.1 Overview of Key Vendors 166
7.2 New Product Launch, Partnership, Investment, and M&A 170
7.3 Company Profiles 171
3M Co. 171
Abbott Laboratories 173
Allergan Inc. 174
Baxter International Inc. 175
Bayer 176
Becton, Dickinson and Co. 177
Boston Scientific Corp. 178
Cardinal Health Inc. 179
Covidien plc 180
Cryolife Inc. 181
Danaher 182
Depuy Synthes 183
Endologix, Inc. 184
Essilor International SA 185
Fresenius Medical Care AG & Co. KGAA 186
GE Healthcare 187
Getinge Ab 188
Johnson & Johnson 189
Koninklijke Philips NV 190
Medtronic Inc. 191
Novartis AG 192
Olympus Corp. 193
Roche Diagnostics 194
Siemens Healthcare 195
Smith & Nephew PLC 196
Smiths Medical 197
St. Jude Medical Inc. 198
Stryker Corp. 199
Terumo Corp. 200
Thermo Fisher Scientific 201
Zimmer Holdings Inc. 202
Related Reports and Products 203
Research Methodology:
Medical Device Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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