Market Overview:
The global cutting-edge medical devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in medical devices. Based on type, the global cutting-edge medical devices market is segmented into spinal implants, dental implants, cardiovascular implants, and others. The spinal implant segment is expected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing prevalence of spine disorders and technological advancements in spinal implant products. Based on application, the global cutting-edge medical devices market is segmented into hospitals, clinics, and others. The hospitals segment accounted for majority share of the global Cutting Edge Medical Devices Market in 2017 and is projected to maintain its dominance throughout the forecast period owing to increase in number of surgeries performed annually coupled with rising demand for technologically advanced surgical procedures.
Product Definition:
Cutting-edge medical devices are those that are on the forefront of technology, offering new and innovative ways to diagnose and treat patients. They may be used in a variety of settings, from hospitals to doctor's offices to clinics.
The importance of cutting-edge medical devices cannot be overstated. They offer physicians and patients access to the latest treatments available, which can improve outcomes and save lives. Additionally, they can help reduce costs by streamlining care delivery and making it more efficient.
Spinal Implants:
Spinal implants are medical devices that are used to restore movement and alleviate pain in the spinal cord. They comprise of hardware and software systems, which work together to provide accurate movements with less or no pain. Implants can be used for various conditions such as failed back syndrome, chronic neck pain, post-acute stroke or trauma etc.
Dental Implants:
Dental implants are medical devices that are used to support and stabilize a missing tooth. They can be used for single teeth or in conjunction with other prosthetic devices such as crowns, bridges, or dentures. Implants have gained popularity due to their ability to provide patients with an alternative option for gaining functional oral function when compared to conventional dental prosthetics.
Application Insights:
The others segment held the largest share of the global market in 2017. This segment includes surgical robots, diagnostic imaging devices, and other medical equipment. The surgical robots segment is expected to witness lucrative growth over the forecast period owing to an increase in number of complex surgeries that require a robot for assistance. For instance, according to a study published by National Cancer Center Japan in 2018, nearly 50% of gynecological surgeries are performed via laparoscopy and this is increasing due to growing preference for minimally invasive procedures among women globally. Therefore, rising adoption of these cutting-edge medical devices will result in increased demand from various applications across regions during the forecast period.
On basis of application, the global market has been classified into hospitals & clinics/others such as therapeutic centers or rehabilitation facilities into which value added services have been integrated with advanced healthcare delivery systems such as diagnostics testing equipment.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing R&D investments by companies and universities, presence of well-established healthcare infrastructure, and high per capita health expenditure. In addition, favorable reimbursement policies for advanced medical devices are anticipated to boost the regional market growth over the forecast period.
Asia Pacific is projected to witness lucrative growth over the coming years due to rising geriatric population with chronic diseases requiring long-term treatment and growing awareness about early diagnosis of such diseases among patients. Moreover, government initiatives encouraging private investment in healthcare are likely to contribute toward rapid expansion of hospitals & clinics as well as ambulatory surgical centers in this region which will further drive demand for innovative medical devices used across various applications within Asia Pacific cutting edge medical devices market (APAC).
Growth Factors:
- Technological advancements in medical devices industry
- Rising demand for minimally invasive surgeries
- Increasing prevalence of chronic diseases and disorders
- Growing geriatric population worldwide
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Cutting-edge Medical Devices Market Research Report
By Type
Spinal Implants, Dental Implants, Cardiovascular Implants, Others
By Application
Hospitals, Clinics, Others
By Companies
Johnson & Johnson, Medtronic, Abbott Laboratories, Boston Scientific Corporation, Danaher Corporation, Zimmer Biomet Holdings, Institut Straumann AG, Smith & Nephew, Stryker Corporation, Dentsply Sirona, Terumo Corporation, Sonova Holding, William Demant Holding, Nurotron Biotechnology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Cutting-edge Medical Devices Market Report Segments:
The global Cutting-edge Medical Devices market is segmented on the basis of:
Types
Spinal Implants, Dental Implants, Cardiovascular Implants, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- Medtronic
- Abbott Laboratories
- Boston Scientific Corporation
- Danaher Corporation
- Zimmer Biomet Holdings
- Institut Straumann AG
- Smith & Nephew
- Stryker Corporation
- Dentsply Sirona
- Terumo Corporation
- Sonova Holding
- William Demant Holding
- Nurotron Biotechnology
Highlights of The Cutting-edge Medical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spinal Implants
- Dental Implants
- Cardiovascular Implants
- Others
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cutting-edge Medical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cutting-edge medical devices are those that have been developed in the last few years and are still being improved. They may be new to the market, or they may have been improved versions of older devices.
Some of the major players in the cutting-edge medical devices market are Johnson & Johnson, Medtronic, Abbott Laboratories, Boston Scientific Corporation, Danaher Corporation, Zimmer Biomet Holdings, Institut Straumann AG, Smith & Nephew, Stryker Corporation, Dentsply Sirona, Terumo Corporation, Sonova Holding, William Demant Holding, Nurotron Biotechnology.
The cutting-edge medical devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cutting-edge Medical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cutting-edge Medical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cutting-edge Medical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cutting-edge Medical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cutting-edge Medical Devices Market Size & Forecast, 2018-2028
4.5.1 Cutting-edge Medical Devices Market Size and Y-o-Y Growth
4.5.2 Cutting-edge Medical Devices Market Absolute $ Opportunity
Chapter 5 Global Cutting-edge Medical Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cutting-edge Medical Devices Market Size Forecast by Type
5.2.1 Spinal Implants
5.2.2 Dental Implants
5.2.3 Cardiovascular Implants
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cutting-edge Medical Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cutting-edge Medical Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cutting-edge Medical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cutting-edge Medical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cutting-edge Medical Devices Analysis and Forecast
9.1 Introduction
9.2 North America Cutting-edge Medical Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cutting-edge Medical Devices Market Size Forecast by Type
9.6.1 Spinal Implants
9.6.2 Dental Implants
9.6.3 Cardiovascular Implants
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cutting-edge Medical Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cutting-edge Medical Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Cutting-edge Medical Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cutting-edge Medical Devices Market Size Forecast by Type
10.6.1 Spinal Implants
10.6.2 Dental Implants
10.6.3 Cardiovascular Implants
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cutting-edge Medical Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cutting-edge Medical Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cutting-edge Medical Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cutting-edge Medical Devices Market Size Forecast by Type
11.6.1 Spinal Implants
11.6.2 Dental Implants
11.6.3 Cardiovascular Implants
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cutting-edge Medical Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cutting-edge Medical Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Cutting-edge Medical Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cutting-edge Medical Devices Market Size Forecast by Type
12.6.1 Spinal Implants
12.6.2 Dental Implants
12.6.3 Cardiovascular Implants
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cutting-edge Medical Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cutting-edge Medical Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cutting-edge Medical Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cutting-edge Medical Devices Market Size Forecast by Type
13.6.1 Spinal Implants
13.6.2 Dental Implants
13.6.3 Cardiovascular Implants
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cutting-edge Medical Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cutting-edge Medical Devices Market: Competitive Dashboard
14.2 Global Cutting-edge Medical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Medtronic
14.3.3 Abbott Laboratories
14.3.4 Boston Scientific Corporation
14.3.5 Danaher Corporation
14.3.6 Zimmer Biomet Holdings
14.3.7 Institut Straumann AG
14.3.8 Smith & Nephew
14.3.9 Stryker Corporation
14.3.10 Dentsply Sirona
14.3.11 Terumo Corporation
14.3.12 Sonova Holding
14.3.13 William Demant Holding
14.3.14 Nurotron Biotechnology
