The size of the North America Medical Device Technologies Market has been predicted at USD 200.73 Million in 2020. This value is forecasted to reach USD 262.47 Million by 2025, growing at a CAGR of 5.51% between 2020 to 2025.
Y-O-Y growth in the incidence of chronic diseases and aging people are significantly increasing the need for medical device technologies. Technology advancements, increasing government funds and investments, and growing demand for new medications to overcome the unsatisfied medical needs in healthcare are further assisting the medical devices market. The rise in the elder people population is adding fuel to the growth rate of market growth. More than 6,500 medical device companies exist in the United States, involving both small and medium-sized enterprises, which is to fuel the demand of this market. Besides, the rising scale of the hospitals in developed and developing countries is leveling up the growth rate of the market.
Increasing maintenance and installation cost of the devices is hindering the growth rate of the market. Also, reluctance to adopt the latest technologies in undeveloped countries is impeding the demand of the market.
This research report on the North America Medical Device Technologies Market has been segmented and sub-segmented into the following categories.
By Device Type:
Geographically, North America is expected to have the largest share in the medical device technology market during the analysis period. Factors like deep-rooted healthcare infrastructure, quick obtainment of novel medical technologies are to impel the medical device technology market during the forecast period. The United States is leading the market shares in recent years. The medical device industry has displayed justifiable and robust growth in the recent past. Adopting sedentary lifestyles and food habits changes are causing severe health disorders, increasing the growth rate of this market. The top medical device technology companies are in the United States, like Johnson & Johnson Medical Devices & Diagnostics, which propel the medical device technology market growth. In Canada, there is massive support from government organizations to develop innovative medical devices in favor of the end-users, which is significantly prompting the market's growth rate. Growing old aged people and increasing expenses on healthcare are solely leveraging the demand of the market.
Promising Companies leading the North America Medical Device Technologies Market Profiled in the Report are Abbott Laboratories, Inc., Becton, Dickinson and Company, GE Healthcare, Novartis Diagnostics, bioMerieux, Inc., Biomerica, Inc., Johnson and Johnson Diagnostics, Inc., Olympus Corporation, Qiagen N.V., Siemens AG, Thermo Fischer Scientific, Inc., and Zenith Healthcare Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Electro medical equipment
5.1.3 Irradiation Apparatus
5.1.4 Dental Equipment and Supplies
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 End User
5.2.2 Clinics & Hospitals
5.2.3 Medical Device Industries
5.2.4 Research and Pharmaceutical Entities
5.2.5 Y-o-Y Growth Analysis, By End User
5.2.6 Market Attractiveness Analysis, By End User
5.2.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Type
126.96.36.199 By End User
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Type
184.108.40.206 By End User
6.1.5 Market Share Analysis
220.127.116.11 By Type
18.104.22.168 By End User
6.2 United States
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Abbott Laboratories, Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Dickinson and Company
8.4 GE Healthcare
8.5 Biomerica, Inc.
8.6 bioMerieux, Inc.
8.7 Novartis Diagnostics
8.8 Johnson & Johnson Diagnostics, Inc.
8.9 Olympus Corporation
8.10 Qiagen N.V.
8.11 Siemens AG
8.12 Thermo Fischer Scientific, Inc.
8.13 Zenith Healthcare Ltd.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures