Global Medical Device Market Outlook, 2029

The Global Medical Device Market is projected to reach a staggering USD 953.4 billion by 2027, driven by rise in minimally invasive procedures.

According to publisher, The global medical device market is a thriving sector propelling advancements in healthcare. This report provides a concise overview of the market, exploring key insights, dynamics, segmentation, regional variations, recent developments, and the competitive landscape. Market Insights:

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Market Size and Growth: The global medical device market is projected to reach a staggering USD 953.4 billion by 2027, with a significant CAGR exceeding 7%. This growth signifies the rising demand for advanced medical technologies and equipment. Growth Drivers: Several factors are fueling the global medical device market: Aging Population: The increasing global aging population requires more sophisticated medical devices for diagnosis, treatment, and monitoring of chronic conditions. Technological Advancements: Continuous advancements in technologies like robotics, artificial intelligence (AI), and minimally invasive surgery are driving the development of innovative medical devices. Growing Focus on Minimally Invasive Procedures: Minimally invasive surgeries offer several benefits like shorter recovery times and reduced pain. This trend is boosting the demand for specialized medical devices designed for these procedures. Example: The use of robotic surgery systems like the Da Vinci Surgical System allows for greater precision and control during complex procedures, leading to improved patient outcomes. Market Dynamics:

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Manmayi Raval

Manmayi Raval

Research Consultant

The global medical device market is a dynamic environment shaped by several key forces: Stringent Regulations: Regulatory bodies worldwide impose strict regulations on the safety and efficacy of medical devices, ensuring patient safety. This can create challenges for manufacturers in navigating the approval process. Reimbursement Pressures: Reimbursement policies from healthcare payers can significantly impact the adoption rate of new medical devices. Manufacturers need to demonstrate the cost-effectiveness of their devices to secure adequate reimbursement. Cybersecurity Concerns: Medical devices are increasingly interconnected, raising concerns about cybersecurity threats. Manufacturers need to prioritize robust cybersecurity measures to protect patient data and device functionality. Market Segments: The global medical device market can be segmented based on various criteria:

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Manmayi Raval

Product Type: Diagnostics: This segment includes devices used for medical imaging (X-ray, MRI, CT scans), laboratory testing equipment, and in-vitro diagnostics (IVDs). Therapeutics: This segment encompasses devices used for treatment, such as pacemakers, stents, catheters, and surgical implants. Example: Artificial pacemakers regulate heart rhythm and improve the quality of life for patients with heart conditions. Application: Cardiology: This segment focuses on devices used for heart-related conditions, such as stents, pacemakers, and defibrillators. Orthopedics: This segment includes devices used for joint replacements, bone fixation implants, and surgical instruments for orthopedic procedures. Example: Joint replacement surgeries like hip and knee replacements utilize implants to restore mobility and improve quality of life for patients with arthritis or joint injuries. Regional Analysis: The global medical device market presents variations across different regions: North America: North America holds the largest market share, driven by high healthcare spending, a focus on advanced technologies, and a well-established medical device industry. Asia-Pacific: The Asia-Pacific region is experiencing the fastest growth due to a growing middle class, rising disposable income, and increasing government investments in healthcare infrastructure. Europe: The European market is mature and characterized by stringent regulations and a focus on cost-effectiveness. Key Developments: The global medical device market is witnessing continuous innovation and strategic developments: Mergers and Acquisitions: Leading medical device companies are actively involved in mergers and acquisitions to expand their product portfolios and geographical reach. Focus on Artificial Intelligence (AI): AI is being integrated into medical devices for applications like image analysis, disease diagnosis, and personalized medicine. Telemedicine and Remote Monitoring: Advancements in telemedicine and remote monitoring technologies are allowing for more convenient and cost-effective patient care. * Example: Cardiac implants with remote monitoring capabilities can transmit patient data to healthcare providers remotely, enabling timely intervention and improved patient management. Competitive Landscape: The global medical device market is a highly competitive landscape with established players and emerging companies: Global Medical Device Giants: Companies like Medtronic, Johnson & Johnson, Siemens Healthineers, and Abbott Laboratories are major players, offering a broad range of medical devices across various segments. Regional and Niche Players: Regional and niche players cater to specific markets or medical specialties, providing innovative and specialized devices. * Example: A startup company might develop a new AI-powered diagnostic tool for early cancer detection, catering to a specific need within the oncology market.

Table of Contents

  • 1 Introduction 11
  • 1.1 Industry Definition and Research Scope 11
  • 1.1.1 Industry Definition 11
  • 1.1.2 Research Scope 12
  • 1.2 Research Methodology 15
  • 1.2.1 Overview of Market Research Methodology 15
  • 1.2.2 Market Assumption 16
  • 1.2.3 Secondary Data 16
  • 1.2.4 Primary Data 16
  • 1.2.5 Data Filtration and Model Design 17
  • 1.2.6 Market Size/Share Estimation 18
  • 1.2.7 Research Limitations 19
  • 1.3 Executive Summary 20
  • 2 Market Overview and Dynamics 23
  • 2.1 Market Size and Forecast 23
  • 2.1.1 Impact of COVID-19 on World Economy 24
  • 2.1.2 Impact of COVID-19 on the Market 27
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 29
  • 2.2 Major Growth Drivers 33
  • 2.3 Market Restraints and Challenges 40
  • 2.4 Emerging Opportunities and Market Trends 43
  • 2.5 Porter’s Fiver Forces Analysis 47
  • 3 Segmentation of Global Market by Category 51
  • 3.1 Market Overview by Category 51
  • 3.2 Diagnostic Devices 53
  • 3.2.1 Electrodiagnostic Devices 54
  • 3.2.2 Radiation Devices 55
  • 3.2.3 Imaging Parts & Accessories 56
  • 3.3 Consumables 58
  • 3.3.1 Syringes, Needles & Catheters 59
  • 3.3.2 Bandages & Dressings 60
  • 3.3.3 Suturing Materials 61
  • 3.3.4 Other Consumables 62
  • 3.4 Patient Aids 64
  • 3.4.1 Portable Aids 65
  • 3.4.2 Therapeutic Applications 66
  • 3.5 Orthopaedics and Prosthetics 67
  • 3.5.1 Fixation Devices 68
  • 3.5.2 Artificial Joints 69
  • 3.5.3 Other Artificial Body Parts 70
  • 3.6 Dental Products 71
  • 3.6.1 Dental Instrument & Supplies 72
  • 3.6.2 Dental Capital Equipment 74
  • 3.7 Other Medical Device Categories 75
  • 4 Segmentation of Global Market by Application 77
  • 4.1 Market Overview by Application 77
  • 4.2 Diagnostic Imaging Devices 79
  • 4.3 In Vitro Diagnostics (IVDs) 80
  • 4.4 Cardiology 81
  • 4.5 Orthopedics 82
  • 4.6 Ophthalmics 83
  • 4.7 Respiratory 84
  • 4.8 Urology & Gynecology 85
  • 4.9 General and Plastic Surgery 86
  • 4.10 Endoscopy 87
  • 4.11 Dental 88
  • 4.12 Diabetic Care 89
  • 4.13 Wound Management 90
  • 4.14 Nephrology 91
  • 4.15 General Hospital and Healthcare 92
  • 4.16 Ear, Nose and Throat 93
  • 4.17 Neurology 94
  • 4.18 Robotics Navigation 95
  • 4.19 Other Applications 96
  • 5 Segmentation of Global Market by End User 97
  • 5.1 Market Overview by End User 97
  • 5.2 Hospitals & Surgical Centers 99
  • 5.3 Clinics 100
  • 5.4 Household 101
  • 5.5 Other End Users 102
  • 6 Segmentation of Global Market by Region 103
  • 6.1 Geographic Market Overview 2022-2032 103
  • 6.2 North America Market 2022-2032 by Country 107
  • 6.2.1 Overview of North America Market 107
  • 6.2.2 U.S. 111
  • 6.2.3 Canada 115
  • 6.2.4 Mexico 117
  • 6.3 European Market 2022-2032 by Country 119
  • 6.3.1 Overview of European Market 119
  • 6.3.2 Germany 123
  • 6.3.3 U.K. 125
  • 6.3.4 France 127
  • 6.3.5 Spain 129
  • 6.3.6 Italy 132
  • 6.3.7 Russia 135
  • 6.3.8 Rest of European Market 138
  • 6.4 Asia-Pacific Market 2022-2032 by Country 140
  • 6.4.1 Overview of Asia-Pacific Market 140
  • 6.4.2 Japan 144
  • 6.4.3 China 147
  • 6.4.4 Australia 149
  • 6.4.5 India 152
  • 6.4.6 South Korea 154
  • 6.4.7 Rest of APAC Region 156
  • 6.5 South America Market 2022-2032 by Country 158
  • 6.5.1 Argentina 161
  • 6.5.2 Brazil 163
  • 6.5.3 Chile 165
  • 6.5.4 Rest of South America Market 167
  • 6.6 MEA Market 2022-2032 by Country 168
  • 6.6.1 UAE 171
  • 6.6.2 Saudi Arabia 173
  • 6.6.3 South Africa 176
  • 6.6.4 Other National Markets 178
  • 7 Competitive Landscape 179
  • 7.1 Overview of Key Vendors 179
  • 7.2 New Product Launch, Partnership, Investment, and M&A 183
  • 7.3 Company Profiles 184
  • 3M Co. 184
  • Abbott Laboratories 186
  • Allergan plc 191
  • Baxter International Inc. 192
  • Bayer 195
  • B Braun Melsungen Ag 198
  • Becton, Dickinson and Co. 201
  • Boston Scientific Corp. 204
  • Cardinal Health Inc. 207
  • Covidien plc 210
  • Cryolife Inc. 211
  • Danaher 213
  • Depuy Synthes 216
  • Endologix, Inc. 218
  • Essilor Luxottica S.A. 220
  • Fresenius Kabi Ag 221
  • General Electric Co. (GE Healthcare) 224
  • Getinge Ab 227
  • Johnson & Johnson 229
  • Koninklijke Philips NV 232
  • Medtronic Inc. 236
  • Novartis AG 239
  • Olympus Corp. 242
  • Roche Diagnostics 245
  • Siemens Healthineers 248
  • Smith & Nephew PLC 250
  • Smiths Medical 252
  • St. Jude Medical Inc. 254
  • Stryker Corp. 255
  • Terumo Corp. 258
  • Thermo Fisher Scientific 259
  • Zimmer Holdings Inc. 262
  • Related Reports and Products 265



Table 1. Snapshot of Global Medical Device Market in Balanced Perspective, 2022-2032 21
Table 2. World Economic Outlook, 2021-2031 25
Table 3. World Economic Outlook, 2021-2023 26
Table 4. Scenarios for Economic Impact of Ukraine Crisis 30
Table 5. Main Product Trends and Market Opportunities in Global Medical Device Market 43
Table 6. Global Medical Device Market by Category, 2022-2032, $ bn 51
Table 7. Global Medical Device Market: Diagnostic Devices by Segment, 2022-2032, $ bn 53
Table 8. Global Medical Device Market: Electrodiagnostic Devices by Segment, 2022-2032, $ bn 54
Table 9. Global Medical Device Market: Radiation Devices by Segment, 2022-2032, $ bn 55
Table 10. Global Medical Device Market: Imaging Parts & Accessories by Segment, 2022-2032, $ bn 56
Table 11. Global Medical Device Market: Consumables by Segment, 2022-2032, $ bn 58
Table 12. Global Medical Device Market: Syringes, Needles & Catheters by Segment, 2022-2032, $ bn 59
Table 13. Global Medical Device Market: Bandages & Dressings by Segment, 2022-2032, $ bn 60
Table 14. Global Medical Device Market: Other Consumables by Segment, 2022-2032, $ bn 62
Table 15. Global Medical Device Market: Patient Aids by Segment, 2022-2032, $ bn 64
Table 16. Global Medical Device Market: Portable Aids by Segment, 2022-2032, $ bn 65
Table 17. Global Medical Device Market by Patient Aids: Therapeutic Applications by Segment, 2022-2032, $ bn 66
Table 18. Global Medical Device Market: Orthopaedics and Prosthetics by Segment, 2022-2032, $ bn 67
Table 19. Global Medical Device Market: Dental Products by Segment, 2022-2032, $ bn 71
Table 20. Global Medical Device Market: Dental Instrument & Supplies by Segment, 2022-2032, $ bn 72
Table 21. Global Medical Device Market: Dental Capital Equipment by Segment, 2022-2032, $ bn 74
Table 22. Global Medical Device Market: Other Medical Device Categories by Segment, 2022-2032, $ bn 76
Table 23. Global Medical Device Market by Application, 2022-2032, $ bn 77
Table 24. Global Medical Device Market by End User, 2022-2032, $ bn 97
Table 25. Global Medical Device Market by Region, 2022-2032, $ bn 104
Table 26. World Health Spending by Region, $ bn, 2013-2022 105
Table 27. Leading National Medical Device Market, 2022 and 2032F, $ bn 106
Table 28. North America Medical Device Market by Country, 2022-2032, $ bn 109
Table 29. U.S. Medical Device Market by Application, 2022-2032, $ bn 113
Table 30. U.S. Medical Device Market by End User, 2022-2032, $ bn 113
Table 31. Canada Medical Device Market by Application, 2022-2032, $ bn 116
Table 32. Canada Medical Device Market by End User, 2022-2032, $ bn 116
Table 33. Mexico Medical Device Market by Application, 2022-2032, $ bn 118
Table 34. Mexico Medical Device Market by End User, 2022-2032, $ bn 118
Table 35. Europe Medical Device Market by Country, 2022-2032, $ bn 122
Table 36. Germany Medical Device Market by Application, 2022-2032, $ bn 124
Table 37. Germany Medical Device Market by End User, 2022-2032, $ bn 124
Table 38. U.K. Medical Device Market by Application, 2022-2032, $ bn 126
Table 39. U.K. Medical Device Market by End User, 2022-2032, $ bn 126
Table 40. France Medical Device Market by Application, 2022-2032, $ bn 128
Table 41. France Medical Device Market by End User, 2022-2032, $ bn 128
Table 42. Spain Medical Device Market by Application, 2022-2032, $ bn 130
Table 43. Spain Medical Device Market by End User, 2022-2032, $ bn 130
Table 44. Italy Medical Device Market by Application, 2022-2032, $ bn 133
Table 45. Italy Medical Device Market by End User, 2022-2032, $ bn 133
Table 46. Russia Medical Device Market by Application, 2022-2032, $ bn 136
Table 47. Russia Medical Device Market by End User, 2022-2032, $ bn 136
Table 48. Medical Device Market in Rest of Europe by Country, 2022-2032, $ bn 139
Table 49. APAC Medical Device Market by Country, 2022-2032, $ bn 142
Table 50. Japan Medical Device Market by Application, 2022-2032, $ bn 146
Table 51. Japan Medical Device Market by End User, 2022-2032, $ bn 146
Table 52. China Medical Device Market by Application, 2022-2032, $ bn 148
Table 53. China Medical Device Market by End User, 2022-2032, $ bn 148
Table 54. Australia Medical Device Market by Application, 2022-2032, $ bn 150
Table 55. Australia Medical Device Market by End User, 2022-2032, $ bn 150
Table 56. India Medical Device Market by Application, 2022-2032, $ bn 153
Table 57. India Medical Device Market by End User, 2022-2032, $ bn 153
Table 58. South Korea Medical Device Market by Application, 2022-2032, $ bn 155
Table 59. South Korea Medical Device Market by End User, 2022-2032, $ bn 155
Table 60. Medical Device Market in Rest of APAC by Country/Region, 2022-2032, $ bn 157
Table 61. South America Medical Device Market by Country, 2022-2032, $ bn 160
Table 62. Argentina Medical Device Market by Application, 2022-2032, $ bn 162
Table 63. Argentina Medical Device Market by End User, 2022-2032, $ bn 162
Table 64. Brazil Medical Device Market by Application, 2022-2032, $ bn 164
Table 65. Brazil Medical Device Market by End User, 2022-2032, $ bn 164
Table 66. Chile Medical Device Market by Application, 2022-2032, $ bn 166
Table 67. Chile Medical Device Market by End User, 2022-2032, $ bn 166
Table 68. MEA Medical Device Market by Country, 2022-2032, $ bn 170
Table 69. UAE Medical Device Market by Application, 2022-2032, $ bn 172
Table 70. UAE Medical Device Market by End User, 2022-2032, $ bn 172
Table 71. Saudi Arabia Medical Device Market by Application, 2022-2032, $ bn 174
Table 72. Saudi Arabia Medical Device Market by End User, 2022-2032, $ bn 174
Table 73. South Africa Medical Device Market by Application, 2022-2032, $ bn 177
Table 74. South Africa Medical Device Market by End User, 2022-2032, $ bn 177
Table 75. Breakdown of World Market by Key Vendor, 2022, % 181
Table 76. 3M Co.: Company Snapshot 184
Table 77. 3M Co.: Business Segmentation 184
Table 78. 3M Co.: Product Portfolio 185
Table 79. Abbott Laboratories: Company Snapshot 186
Table 80. Abbott Laboratories: Business Segmentation 187
Table 81. Abbott Laboratories: Product Portfolio of MD 188
Table 82. Abbott Laboratories: Revenue, 2018-2022, $ bn 188
Table 83. Baxter International Inc.: Company Snapshot 192
Table 84. Baxter International Inc.: Business Segmentation 192
Table 85. Baxter International Inc.: Revenue by Region 193
Table 86. Baxter International Inc.: Product Portfolio of MD 193
Table 87. Bayer AG: Company Snapshot 195
Table 88. Bayer AG: Business Segmentation 196
Table 89. Bayer AG: Product Portfolio of MD 196
Table 90. Bayer AG: Revenue, 2018-2022, € bn 196
Table 91. B Braun Melsungen Ag: Company Snapshot 198
Table 92. B Braun Melsungen Ag: Business Segmentation 199
Table 93. B Braun Melsungen Ag: Revenue by Region 199
Table 94. Becton, Dickinson & Co: Company Snapshot 201
Table 95. Becton, Dickinson & Co: Product Portfolio of MD 202
Table 96. Boston Scientific Corp.: Company Snapshot 204
Table 97. Boston Scientific Corp.: Product Portfolio of MD 205
Table 98. Cardinal Health Inc.: Company Snapshot 207
Table 99. Cardinal Health Inc.: Product Portfolio of MD 208
Table 100. CryoLife Inc.: Product Portfolio of MD 211
Table 101. Danaher Corporation: Company Snapshot 213
Table 102. Danaher Corporation: Product Portfolio of MD 214
Table 103. DePuy Synthes: Product Portfolio of MD 216
Table 104. Endologix, Inc.: Product Portfolio of MD 218
Table 105. Fresenius Kabi Ag: Company Snapshot 221
Table 106. Fresenius Kabi Ag: Business Segmentation 222
Table 107. Fresenius Kabi Ag: Revenue by Region 222
Table 108. Fresenius Kabi Ag: Product Portfolio of MD 222
Table 109. General Electric: Company Snapshot 224
Table 110. General Electric: Product Portfolio of MD 225
Table 111. Getinge Ab: Product Portfolio of MD 227
Table 112. Johnson & Johnson: Company Snapshot 229
Table 113. Johnson & Johnson: Business Segments 229
Table 114. Koninklijke Philips N.V.: Company Snapshot 232
Table 115. Koninklijke Philips N.V.: Revenue, 2016-2018, $ bn 233
Table 116. Koninklijke Philips N.V.: Product Portfolio of MD 233
Table 117. Medtronic Inc.: Company Snapshot 236
Table 118. Medtronic Inc.: Net Revenue by Segment, 2018-2022, $ bn 237
Table 119. Medtronic Inc.: Net Revenue by Region, 2017-2019, $ bn 237
Table 120. Medtronic Inc.: Product Portfolio of MD 237
Table 121. Novartis International AG: Company Snapshot 239
Table 122. Novartis International AG: Business Segmentation 239
Table 123. Novartis International AG: Revenue, 2017-2019, $ bn 240
Table 124. Novartis International AG: Product Portfolio of MD 240
Table 125. Olympus Corp.: Product Portfolio of MD 243
Table 126. Roche Diagnostics: Product Portfolio of MD 246
Table 127. Siemens Healthineers: Company Snapshot 248
Table 128. Siemens Healthineers: Product Portfolio of MD 249
Table 129. Smith & Nephew PLC: Company Snapshot 250
Table 130. Smith & Nephew PLC: Product Portfolio of MD 250
Table 131. Smiths Medical: Product Portfolio of MD 253
Table 132. Stryker Corp.: Company Snapshot 255
Table 133. Stryker Corp.: Net Revenue by Segment, 2017-2019, $ bn 256
Table 134. Stryker Corp.: Net Revenue by Region, 2017-2019, $ bn 256
Table 135. Stryker Corp.: Product Portfolio of MD 256
Table 136. Thermo Fisher Scientific: Company Snapshot 259
Table 137. Thermo Fisher Scientific: Product Portfolio of MD 260
Table 138. Zimmer Biomet Holdings, Inc.: Company Snapshot 262
Table 139. Zimmer Biomet Holdings, Inc.: Business Segments 263
Table 140. Zimmer Biomet Holdings, Inc.: Product Portfolio of MD 263



Figure 1. Research Method Flow Chart 15
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 18
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 20
Figure 4. Global Medical Device Market, 2022-2032, $ bn 23
Figure 5. Impact of COVID-19 on Business 27
Figure 6. Primary Drivers and Impact Factors of Global Medical Device Market 33
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2032, million 36
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 36
Figure 9. World Number of Deaths by Cause in 2017 38
Figure 10. World Number of Deaths from Cancers in 2017 39
Figure 11. Primary Restraints and Impact Factors of Global Medical Device Market 40
Figure 12. Investment Opportunity Analysis 44
Figure 13. Porter’s Fiver Forces Analysis of Global Medical Device Market 47
Figure 14. Breakdown of Global Medical Device Market by Category, 2022-2032, % of Revenue 52
Figure 15. Global Addressable Market Cap in 2023-2032 by Category, Value ($ bn) and Share (%) 52
Figure 16. Global Medical Device Market by Category: Diagnostic Devices, 2022-2032, $ bn 53
Figure 17. Global Medical Device Market by Diagnostic Devices: Electrodiagnostic Devices, 2022-2032, $ bn 54
Figure 18. Global Medical Device Market by Diagnostic Devices: Radiation Devices, 2022-2032, $ bn 55
Figure 19. Global Medical Device Market by Diagnostic Devices: Imaging Parts & Accessories, 2022-2032, $ bn 56
Figure 20. Global Medical Device Market by Category: Consumables, 2022-2032, $ bn 58
Figure 21. Global Medical Device Market by Consumables: Syringes, Needles & Catheters, 2022-2032, $ bn 59
Figure 22. Global Medical Device Market by Consumables: Bandages & Dressings, 2022-2032, $ bn 60
Figure 23. Global Medical Device Market by Consumables: Suturing Materials, 2022-2032, $ bn 61
Figure 24. Global Medical Device Market by Consumables: Other Consumables, 2022-2032, $ bn 62
Figure 25. Global Medical Device Market by Category: Patient Aids, 2022-2032, $ bn 64
Figure 26. Global Medical Device Market by Patient Aids: Portable Aids, 2022-2032, $ bn 65
Figure 27. Global Medical Device Market: Therapeutic Applications, 2022-2032, $ bn 66
Figure 28. Global Medical Device Market by Category: Orthopaedics and Prosthetics, 2022-2032, $ bn 67
Figure 29. Global Medical Device Market by Orthopaedics and Prosthetics: Fixation Devices, 2022-2032, $ bn 68
Figure 30. Global Medical Device Market by Orthopaedics and Prosthetics: Artificial Joints, 2022-2032, $ bn 69
Figure 31. Global Medical Device Market by Orthopaedics and Prosthetics: Other Artificial Body Parts, 2022-2032, $ bn 70
Figure 32. Global Medical Device Market by Category: Dental Products, 2022-2032, $ bn 71
Figure 33. Global Medical Device Market by Dental Products: Dental Instrument & Supplies, 2022-2032, $ bn 72
Figure 34. Global Medical Device Market by Dental Products: Dental Capital Equipment, 2022-2032, $ bn 74
Figure 35. Global Medical Device Market by Category: Other Medical Device Categories, 2022-2032, $ bn 75
Figure 36. Breakdown of Global Medical Device Market by Application, 2022-2032, % of Sales Revenue 78
Figure 37. Global Addressable Market Cap in 2023-2032 by Application, Value ($ bn) and Share (%) 78
Figure 38. Global Medical Device Market by Application: Diagnostic Imaging Devices, 2022-2032, $ bn 79
Figure 39. Global Medical Device Market by Application: In Vitro Diagnostics (IVDs), 2022-2032, $ bn 80
Figure 40. Global Medical Device Market by Application: Cardiology, 2022-2032, $ bn 81
Figure 41. Global Medical Device Market by Application: Orthopedics, 2022-2032, $ bn 82
Figure 42. Global Medical Device Market by Application: Ophthalmics, 2022-2032, $ bn 83
Figure 43. Global Medical Device Market by Application: Respiratory, 2022-2032, $ bn 84
Figure 44. Global Medical Device Market by Application: Urology & Gynecology, 2022-2032, $ bn 85
Figure 45. Global Medical Device Market by Application: General and Plastic Surgery, 2022-2032, $ bn 86
Figure 46. Global Medical Device Market by Application: Endoscopy, 2022-2032, $ bn 87
Figure 47. Global Medical Device Market by Application: Dental, 2022-2032, $ bn 88
Figure 48. Global Medical Device Market by Application: Diabetic Care, 2022-2032, $ bn 89
Figure 49. Global Medical Device Market by Application: Wound Management, 2022-2032, $ bn 90
Figure 50. Global Medical Device Market by Application: Nephrology, 2022-2032, $ bn 91
Figure 51. Global Medical Device Market by Application: General Hospital and Healthcare, 2022-2032, $ bn 92
Figure 52. Global Medical Device Market by Application: Ear, Nose and Throat, 2022-2032, $ bn 93
Figure 53. Global Medical Device Market by Application: Neurology, 2022-2032, $ bn 94
Figure 54. Global Medical Device Market by Application: Robotics Navigation, 2022-2032, $ bn 95
Figure 55. Global Medical Device Market by Application: Other Applications, 2022-2032, $ bn 96
Figure 56. Breakdown of Global Medical Device Market by End User, 2022-2032, % of Sales Revenue 98
Figure 57. Global Addressable Market Cap in 2023-2032 by End User, Value ($ bn) and Share (%) 98
Figure 58. Global Medical Device Market by End User: Hospitals & Surgical Centers, 2022-2032, $ bn 99
Figure 59. Global Medical Device Market by End User: Clinics, 2022-2032, $ bn 100
Figure 60. Global Medical Device Market by End User: Household, 2022-2032, $ bn 101
Figure 61. Global Medical Device Market by End User: Other End Users, 2022-2032, $ bn 102
Figure 62. Global Market Snapshot by Region 103
Figure 63. Geographic Spread of Worldwide Medical Device Market, 2022-2032, % of Sales Revenue 104
Figure 64. Global Addressable Market Cap in 2023-2032 by Region, Value ($ bn) and Share (%) 105
Figure 65. North American Medical Device Market, 2022-2032, $ bn 108
Figure 66. Breakdown of North America Medical Device Market by Country, 2022 and 2032F, % of Revenue 109
Figure 67. Contribution to North America 2023-2032 Cumulative Revenue by Country, Value ($ bn) and Share (%) 110
Figure 68. U.S. Medical Device Market, 2022-2032, $ bn 112
Figure 69. U.S. Healthcare Consumption Payor Mix and as % of GDP 112
Figure 70. Canada Medical Device Market, 2022-2032, $ bn 115
Figure 71. Medical Device Market in Mexico, 2022-2032, $ bn 117
Figure 72. European Medical Device Market, 2022-2032, $ bn 120
Figure 73. Breakdown of European Medical Device Market by Country, 2022 and 2032F, % of Revenue 121
Figure 74. Contribution to Europe 2023-2032 Cumulative Revenue by Country, Value ($ bn) and Share (%) 122
Figure 75. Medical Device Market in Germany, 2022-2032, $ bn 123
Figure 76. Medical Device Market in U.K., 2022-2032, $ bn 125
Figure 77. Medical Device Market in France, 2022-2032, $ bn 127
Figure 78. Medical Device Market in Spain, 2022-2032, $ bn 129
Figure 79. Medical Device Market in Italy, 2022-2032, $ bn 132
Figure 80. Medical Device Market in Russia, 2022-2032, $ bn 135
Figure 81. Medical Device Market in Rest of Europe, 2022-2032, $ bn 138
Figure 82. Asia-Pacific Medical Device Market, 2022-2032, $ bn 141
Figure 83. Breakdown of APAC Medical Device Market by Country, 2022 and 2032F, % of Revenue 141
Figure 84. Contribution to APAC 2023-2032 Cumulative Revenue by Country, Value ($ bn) and Share (%) 143
Figure 85. Medical Device Market in Japan, 2022-2032, $ bn 145
Figure 86. Medical Device Market in China, 2022-2032, $ bn 147
Figure 87. Medical Device Market in Australia, 2022-2032, $ bn 149
Figure 88. Medical Device Market in India, 2022-2032, $ bn 152
Figure 89. Medical Device Market in South Korea, 2022-2032, $ bn 154
Figure 90. Medical Device Market in Rest of APAC, 2022-2032, $ bn 156
Figure 91. South America Medical Device Market, 2022-2032, $ bn 159
Figure 92. Breakdown of South America Medical Device Market by Country, 2022 and 2032F, % of Revenue 159
Figure 93. Contribution to South America 2023-2032 Cumulative Revenue by Country, Value ($ bn) and Share (%) 160
Figure 94. Medical Device Market in Argentina, 2022-2032, $ bn 161
Figure 95. Medical Device Market in Brazil, 2022-2032, $ bn 163
Figure 96. Medical Device Market in Chile, 2022-2032, $ bn 165
Figure 97. Medical Device Market in Rest of South America, 2022-2032, $ bn 167
Figure 98. Medical Device Market in Middle East and Africa (MEA), 2022-2032, $ bn 169
Figure 99. Breakdown of MEA Medical Device Market by Country, 2022 and 2032F, % of Revenue 169
Figure 100. Contribution to MEA 2023-2032 Cumulative Revenue by Country, Value ($ bn) and Share (%) 170
Figure 101. Medical Device Market in UAE, 2022-2032, $ bn 171
Figure 102. Medical Device Market in Saudi Arabia, 2022-2032, $ bn 173
Figure 103. Medical Device Market in South Africa, 2022-2032, $ bn 176
Figure 104. Growth Stage of Global Medical Device Industry over the Forecast Period 179
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Global Medical Device Market Outlook, 2029

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