Lucintel Estimates Global Medical Devices Market to Reach $302 Billion in 2017

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ucintel Estimates Global Medical Devices Market to Reach $302 Billion in 2017

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Technological advancement, growing population, and increasing aging population is expected to provide good growth opportunities for the global medical devices industry players during the next five years. The global medical device market is expected to witness a CAGR of 6.1% over the next five years and reach approximately $302 billion in 2017.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the global medical devices industry and presents its findings in “Top 5 Global Medical Device Companies: Performance, Strategies, and Competitive Analysis.”

The report provides detailed insight into the performance of the top five medical devices companies across the world. The analysis highlights the companies that are performing the best among the peer group, and in which areas, and therefore clarifies leading performance standards and the strengths and weaknesses of companies covered.

The medical device industry is highly fragmented and consists of surgical and infection control devices, general medical devices, cardiovascular, home healthcare, and other devices. North America dominates this industry. In this study, Lucintel thoroughly profile following five companies with detailed competitive assessments:

Abbott Laboratories        
Boston Scientific        
Covidien Plc.         
Johnson & Johnson        
Medtronic, Inc.

Lucintel’s research indicates that technological advancement, growing population, and increasing aging population is expected to provide opportunities for the industry players. Technology advancement may lead to nanotechnology applications and use of surgical robots as a new segment entering into the medical device industry, and this is further expected to improve the prospects for the device market. India and China are expected to be the driving countries for growth. North America is expected to witness a considerable growth for the medical device industry over the forecast period. The cardiovascular segment represents good growth during the forecast period.

This study is intended to provide industry leaders with a concise overview of the world’s top five global medical equipment companies. This discussion is limited to a competitive analysis of the subject companies, their geographic footprints, financial metrics, market performance, marketing and corporate strategies, and SWOT analysis. It excludes the equipment such as orthopedic, in-vitro diagnostic, technical aids, and such other equipment.

For a detailed table of contents and pricing information on these timely, market reports, contact Lucintel at +1-972-636-5056 or via email at [email protected] Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors' questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.

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