Medical
Devices Market By Size, Supplier, Demand Analysis, Regions and Forecast - 2031
The
global medical devices market is estimated to grow at a significant CAGR during
the forecast period. The COVID-19 pandemic is projected to have a mixed effect
on the market. Currently, countries are facing the vast threat of the COVID-19
pandemic. There is a shortage of treatment available against this type of
disease and most of the pharmaceutical and biotechnological companies are
concentrating their research and development departments in identifying new
molecules or leads for the cure of this disease. The supply chain disruption
caused because of Covid-19 has led to shortages of critical medical tools
across the world.
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The
factors that are propelling the market growth include the increasing prevalence
of chronic diseases and related increases in disability-adjusted life years,
technological development in medical devices, and consistent growth in the
ageing population. The older population is often likely to have hearing loss,
cataracts and refractive errors, back and neck pain and osteoarthritis, chronic
obstructive pulmonary disease, diabetes, depression, and dementia. This is
estimated to accelerate the market growth for medical devices.
With
the increasing burden of chronic diseases, the demand for medical tools is also
projected to rise sharply and thereby boost the market growth during the
forecast period. Hence all these factors indicate the increasing demand for
tools required for diagnosis, treatment, monitoring and management of the
diseases.
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Market
Coverage
o By Type of Device
o By End-User
Key
questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global
Medical Devices Market by Segment
By
Type of device :
•
Respiratory Devices
•
Cardiology Devices
•
Orthopaedic Devices
•
Diagnostic Imaging Devices (Radiology Devices)
•
Endoscopy Devices
•
Ophthalmology Devices
•
Other Devices
By
End-User
•
Hospital
•
Clinics
•
Others
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