US Medical Devices Market 2023 Size, Share, Revenue Trends and Growth Drivers
The US Medical Devices Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
The US medical devices market size was USD 177.06 billion in 2021. The market is projected to grow from USD 174.69 billion in 2022 to USD 255.14 billion by 2029, exhibiting a CAGR of 5.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, experiencing lower-than-anticipated demand across the U.S. compared to pre-pandemic levels. Based on our analysis, this market exhibited a decline of -4.6% in 2020 as compared to 2019. U.S. Medical Devices Market Size, Share & COVID-19 Impact Analysis, By Type (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging Devices, In-vitro Diagnostics, Minimally Invasive Surgery Devices, Wound Management, Diabetes Care Devices, Ophthalmic Devices, Nephrology Devices, Dental Devices, and Others), By End User (Hospitals & Ambulatory Surgery Centers (ASCs), Clinics, and Others), and Forecasts, 2022-2029
Get a Free Sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/107009
Market Growth Drivers:
Major industry players are actively investing in the research and development of advanced devices. The presence of potential devices in the end stage of development is expected to boost the demand for these devices.Medical device manufacturers with a strong emphasis on R&D are shifting their strategies to introduce devices enhanced with new technologies. Thus, rising investments in R&D and breakthrough technologies to accelerate the manufacturing of these devices are expected to upsurge the market growth.Therefore, such a robust pipeline of advanced devices and high investments by medical device manufacturers is anticipated to fuel the adoption of these devices, further propelling the growth of the market.
Report & Research
- We utilize data from the demand & supply side and paid databases. All the sources and methodologies adopted for gathering data and information are mentioned in our reports.
- we provide customization of reports based on your requirements. It will be charged based on the scope of customization. In addition.
- we provide data for a particular country and region in our reports and customized formats. In our reports, we cover major countries and regions. However, if there is a requirement for a specific region, we would be happy to offer the data.
- we provide market share information and insights considering the scope. This service is provided as a part of customization requirements.
- we provide particular chapters of the report.
Statistical Analysis :
The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our subject experts gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.
Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/customization/107009
We provide statistical modelling, inferential statistical analysis, descriptive statistical analysis, and predictive analysis among various other types of studies. Thus, we provide customized reports with data preparation, management, and analysis. We also have a continuous feedback system, wherein our team ensures that new market developments are accurately incorporated in the previous databases.
Who are the Major US Medical Devices Market Vendors?
- Medtronic (Ireland)
- Abbott (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Stryker (U.S.)
- BD (Becton, Dickinson, and Company) (U.S.)
- Boston Scientific Corporation (U.S.)
- Siemens Healthineers AG (Germany)
- F. Hoffmann-La Roche AG (Switzerland)
- Danaher (U.S.)
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].
Quick Buy – US Medical Devices Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/107009
Fortune Business Insights™offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Fortune Business Insights Pvt. Ltd.
Phone: US:+1 424 253 0390,
UK: +44 2071 939123,
APAC: +91 744 740 1245
Email: [email protected]
Immune Health Supplements Market2023: Latest Industry Trends, Growth, Share, Competitive Landscape
Autism Spectrum Disorder Therapeutics Market2023 Size, Trends Outlook, Geographical Segmentation
Pet Insurance Market2023: Size, Trends, Analysis by Top Leading Players
Polymerase Chain Reaction Market2023: Key Drivers, Industry Size & Share, Trends, and Forecasts to 2030
Immune Health Supplements Market2023 Size, Revenue Trends and Growth Drivers
Autism Spectrum Disorder Therapeutics Market2023: Latest Industry Trends, Growth, Share, Competitive Landscape
Pet Insurance Market2023 Size, Trends Outlook, Geographical Segmentation