San Francisco, 15 February, U.S.
Medical Device Manufacturers Market Size, Share & Trends Analysis Report By
Type (Diagnostic Imaging, Consumables, Patient Aids, Orthopedics), Competitive
Landscape, And Segment Forecasts, 2019 - 2025
The U.S.medical device manufacturers market size is expected to reach
USD 226.7 billion by 2025, according to a new report by Grand View Research,
Inc., registering a 5.0% CAGR during the forecast period. Developing countries
offer new investment avenues to global market giants, especially the ones in
U.S. Developing healthcare infrastructure and increasing disease burden are
driving demand for advanced medical devices in these countries.
Increasing geriatric population
in U.S. is one of the major factors driving demand for various medical devices,
thereby attracting new entrants into the market. This is anticipated to create
a positive environment for entry of new players. They are highly capital
intensive in some segments, such as cardiac monitors and oxygen equipment. A
significant amount of seed capital is required to set up a manufacturing
facility.
In recent years, the imaging
equipment segment has witnessed a large number of new product launches and
currently has a significant number of products in pipeline. Diagnostic imaging
is an important tool for diagnosis of a wide range of chronic as well as acute
diseases. Early diagnosis leads to detection of chronic diseases at earlier
stages, which helps decrease total healthcare costs.
Product launches, mergers, and
acquisitions are anticipated to aid companies in expanding their client base,
leading toward market growth. For instance, in March 2017, GE Healthcare
acquired Monica Healthcare.In April 2017, Abbott and Alere amended the terms of
their merger agreement for the former’s acquisition of the latter. The
acquisition is expected to aid in the expansion of Abott’s presence in the
global diagnostics industry.
Access Full Research
Report On U.S. Medical Device Manufacturers Market Analysis: www.grandviewresearch.com/industry-analysis/us-medical-device-manufacturers-market
Further key findings from the report suggest:
·
The diagnostic imaging segment
captured the largest market share in 2017 owing to growing demand for accurate
diagnostic solutions
·
The patient aids segment is
anticipated to grow at the fastest rate over the forecast period
·
Some of the key players in the
market are 3M, Abbott Laboratories, Baxter International, Boston Scientific
Corporation, B. Braun Melsungen, GE Healthcare, Johnson and Johnson, and
Medtronic.
·
Product launches, mergers, and
acquisitions are expected to help companies increase their client base, leading
toward market growth.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the U.S.
medical device Manufacturers market on the basis of type:
U.S. Medical Device
Manufacturers Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Diagnostic imaging
·
Consumables
·
Patient Aids
·
Orthopedics
·
Others
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/us-medical-device-manufacturers-market-analysis
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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