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Pulished Date February, 2020
ID: 1861
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North America Medical Device Technologies Market Research Report – Segmented By Device Type, Technology & Country (The United States, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends & Growth Forecast (2020 to 2025)

Pulished: February, 2020
ID: 1861
Pages: 138

North America Medical Device Technologies Market Size (2020 to 2025)

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:

  • Electro-medical Equipment
    • Pacemakers
    • MRI Systems
    • Patient Monitoring System
    • Ultrasonic Scanning System
    • Diagnostic Imaging System
  • Irradiation Apparatus
    • X-Ray Devices
    • Tomography Devices
    • Surgical And Medical Apparatus
  • Dental Apparatus
    • Dentists
    • Dental Hygienists
    • Laboratories
  • In Vitro Diagnostics (IVD) Devices
  • Kidney/Dialysis Devices
  • Diagnostic Imaging Devices
  • Ophthalmology Devices
  • Orthopedic Devices
  • Endoscopy Devices
  • Diabetes Care Devices
  • Anaesthesia & Respiratory Care Devices
  • Wound Management Devices

By Technology:

  • Biomarkers
  • Bio-implants
  • Molecular Diagnostics

By Country: 

  • The United States
  • Canada
  • Rest of North America

Regional Analysis:

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           

                2.1 Introduction                 

                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. Overview       

                3.1 Executive Summary  

                3.2 Key Inferences           

                3.3 Epidemiology                

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 Type                

              5.1.1 Introduction       

              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        

              5.2.1 Introduction       

              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 Introduction                 

              6.1.1 Regional Trends

              6.1.2 Impact Analysis 

              6.1.3 Y-o-Y Growth Analysis By Type            By End User      

              6.1.4  Market Attractiveness Analysis By Type            By End User      

              6.1.5  Market Share Analysis By Type            By End User      

                6.2 United States              

                6.3 Canada           

7.Strategic Analysis        

                7.1 PESTLE analysis           

              7.1.1 Political 

              7.1.2 Economic               

              7.1.3 Social     

              7.1.4 Technological     

              7.1.5 Legal      

              7.1.6 Environmental   

                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.        

              8.1.1 Overview               

              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      

                8.2 Becton            

                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.Competitive Landscape            

                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                

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Medical Device Technologies Market, By Type, From 2020 to 2025 (USD Billion)
  2. North America Electro Medical Equipment Market, By Region, From 2020 to 2025 (USD Billion)
  3. North America Irradiation Apparatus Market, By Region, From 2020 to 2025 (USD Billion)
  4. North America Dental Equipment and Supplies Market, By Region, From 2020 to 2025 (USD Billion)
  5. North America Medical Device Technologies Market, By End User, From 2020 to 2025 (USD Billion)
  6. North America Clinics & Hospitals Market, By Region, From 2020 to 2025 (USD Billion)
  7. North America Medical Device Industries Market, By Region, From 2020 to 2025 (USD Billion)
  8. North America Research & Pharmaceutical Entities Market, By Region, From 2020 to 2025 (USD Billion)
  9. United States Medical Device Technologies Market, By Type, From 2020 to 2025 (USD Billion)
  10. United States Medical Device Technologies Market, By End User, From 2020 to 2025 (USD Billion)
  11. Canada Medical Device Technologies Market, By Type, From 2020 to 2025 (USD Billion)
  12. Canada Medical Device Technologies Market, By End User, From 2020 to 2025 (USD Billion)

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