Market Overview:
The global medical devices and consumer products market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in medical devices. In addition, the growing demand for minimally invasive surgeries is also contributing to the growth of this market. The global medical devices and consumer products market can be segmented on the basis of type into in vitro diagnostics (IVDs), cardiology, diagnostic imaging, orthopedics, and others. The IVD segment is expected to grow at a CAGR of 7% from 2018 to 2030 due to the increasing demand for point-of-care testing (POCT) and home healthcare services. The cardiology segment is projected to grow at a CAGR of 6% from 2018to 2030 due its growing prevalence of cardiovascular diseases (CVDs). Additionally, rising awareness about heart health among people has led them towards early diagnosis and treatment for heart conditions which is fueling the growthof this segment .
Product Definition:
Medical Devices and Consumer Products are two types of products. A Medical Device is a product that is used to diagnose, treat, cure or prevent disease in humans. A Consumer Product is a product that is used by consumers for personal care or household purposes. The importance of Medical Devices and Consumer Products varies depending on the type of product.
In Vitro Diagnostics:
In Vitro Diagnostics (IVD) is the branch of medical technology that deals with testing living organisms, in this case bacteria and other microorganisms. It's major application includes blood screening for various diseases such as aids, malaria, etc. The IVD market is expected to witness significant growth over the forecast period owing to factors such as increasing prevalence of infectious diseases coupled with rising demand for rapid diagnostic tests.
Cardiology:
The global cardiology and it's usage in medical devices and consumer products market size was valued at USD 6.5 billion in 2015. The increasing prevalence of cardiovascular diseases globally is the major factor driving growth for this market. According to the American Heart Association, more than 87 million adults are living with some form of CVD in America which represents 21% of the total population.
Application Insights:
The global market is segmented by application into hospital, clinic and other medical facilities. The hospital segment dominated the overall market in terms of revenue in 2017. This high share is attributable to factors such as increasing prevalence of chronic diseases, growing geriatric population and rising number of trauma cases across the globe. Moreover, an increase in investment by governments for developing healthcare infrastructure has also been contributing to this growth over the past few years.
The rise in demand for minimally invasive surgeries has also been driving product demand within hospitals across the globe owing to advanced equipment such as robot-assisted surgery systems that are used for these procedures. For instance, ULCAT (Ultra-low Laser Catheters) system developed by ULCA Medical Systems Pvt Ltd., which uses a laser energy delivery device with ultra-low power consumption that helps reduce exposure time and improve patient safety during surgeries without compromising on precision or quality.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by various companies and rising adoption of technologically advanced products for diagnosis and treatment of various medical conditions. Moreover, presence of well-established healthcare infrastructure, favorable reimbursement policies, and high per capita health expenditure are some other factors contributing toward growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare facilities & infrastructure; growing patient awareness regarding early diagnosis; rising disposable income; increase in demand for consumer health products such as diagnostic kits & devices used for self-testing of diseases; and expansion of manufacturing bases by major global players due to availability of cheap labor & resources at low cost along with easy access to markets within the region through air travel etc., thus making it a potential target audience for industry participants seeking higher sales volumes or greater profits from international operations or exports.
Growth Factors:
- Technological advancements: The medical devices and consumer products market is constantly evolving with the advent of new technologies. This has led to the development of innovative products and increased efficiency in operations.
- Rising demand for quality healthcare: There is a growing demand for quality healthcare, which has led to an increase in spending on medical devices and consumer products.
- Growing population: The population is growing at a rapid pace, which is leading to an increase in the number of people requiring medical care. This provides opportunities for growth in the medical devices and consumer products market.
- Increasing awareness about health and hygiene: There is increasing awareness among people about health and hygiene, which has resulted in an increase in demand for better-quality consumer products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Devices and Consumer Products Market Research Report
By Type
In Vitro Diagnostics, Cardiology, Diagnostic Imaging, Orthopedics, Others
By Application
Hospital, Clinic
By Companies
Medtronic, Johnson & Johnson, GE Healthcare, Abbott, Siemens Healthineers, Philips Health, Roche, Boston Scientific, Novartis, Getinge
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Medical Devices and Consumer Products Market Report Segments:
The global Medical Devices and Consumer Products market is segmented on the basis of:
Types
In Vitro Diagnostics, Cardiology, Diagnostic Imaging, Orthopedics, 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
Hospital, Clinic
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:
- Medtronic
- Johnson & Johnson
- GE Healthcare
- Abbott
- Siemens Healthineers
- Philips Health
- Roche
- Boston Scientific
- Novartis
- Getinge
Highlights of The Medical Devices and Consumer Products 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:
- In Vitro Diagnostics
- Cardiology
- Diagnostic Imaging
- Orthopedics
- Others
- By Application:
- Hospital
- Clinic
- 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 Medical Devices and Consumer Products 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Medical devices and consumer products are two different types of products. Medical devices are used in the medical field to help patients. Consumer products are used by people outside of the medical field.
Some of the major players in the medical devices and consumer products market are Medtronic, Johnson & Johnson, GE Healthcare, Abbott, Siemens Healthineers, Philips Health, Roche, Boston Scientific, Novartis, Getinge.
The medical devices and consumer products market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Devices and Consumer Products 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 Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size & Forecast, 2018-2028
4.5.1 Medical Devices and Consumer Products Market Size and Y-o-Y Growth
4.5.2 Medical Devices and Consumer Products Market Absolute $ Opportunity
Chapter 5 Global Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size Forecast by Type
5.2.1 In Vitro Diagnostics
5.2.2 Cardiology
5.2.3 Diagnostic Imaging
5.2.4 Orthopedics
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Devices and Consumer Products 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 Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Analysis and Forecast
9.1 Introduction
9.2 North America Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size Forecast by Type
9.6.1 In Vitro Diagnostics
9.6.2 Cardiology
9.6.3 Diagnostic Imaging
9.6.4 Orthopedics
9.6.5 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 Medical Devices and Consumer Products Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
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 Medical Devices and Consumer Products Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size Forecast by Type
10.6.1 In Vitro Diagnostics
10.6.2 Cardiology
10.6.3 Diagnostic Imaging
10.6.4 Orthopedics
10.6.5 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 Medical Devices and Consumer Products Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
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 Medical Devices and Consumer Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size Forecast by Type
11.6.1 In Vitro Diagnostics
11.6.2 Cardiology
11.6.3 Diagnostic Imaging
11.6.4 Orthopedics
11.6.5 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 Medical Devices and Consumer Products Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
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 Medical Devices and Consumer Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Devices and Consumer Products 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 Medical Devices and Consumer Products Market Size Forecast by Type
12.6.1 In Vitro Diagnostics
12.6.2 Cardiology
12.6.3 Diagnostic Imaging
12.6.4 Orthopedics
12.6.5 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 Medical Devices and Consumer Products Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
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) Medical Devices and Consumer Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Devices and Consumer Products 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) Medical Devices and Consumer Products Market Size Forecast by Type
13.6.1 In Vitro Diagnostics
13.6.2 Cardiology
13.6.3 Diagnostic Imaging
13.6.4 Orthopedics
13.6.5 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) Medical Devices and Consumer Products Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
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 Medical Devices and Consumer Products Market: Competitive Dashboard
14.2 Global Medical Devices and Consumer Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Johnson & Johnson
14.3.3 GE Healthcare
14.3.4 Abbott
14.3.5 Siemens Healthineers
14.3.6 Philips Health
14.3.7 Roche
14.3.8 Boston Scientific
14.3.9 Novartis
14.3.10 Getinge
