Market Overview:
The global medical equipment market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in medical equipment. Patient monitoring equipment is expected to account for the largest share of the global medical equipment market in 2018. This can be attributed to the increasing demand for patient monitoring devices due to their ability to provide accurate and real-time data on a patient’s condition. ENT equipment is expected to grow at the highest CAGR during the forecast period owingto an increase in awareness about ear, nose, and throat disorders and an increase in funding for research on ENT diseases.
Product Definition:
Medical equipment is any device or apparatus that is used in the diagnosis, treatment and prevention of diseases. It includes everything from simple tools like thermometers and blood pressure cuffs to sophisticated diagnostic machines like MRIs and CT scanners. Medical equipment is important because it helps doctors diagnose and treat patients effectively.
Patient Monitoring Equipment:
Patient monitoring equipment is used to diagnose, treat or prevent a disease in the body of patient. It consists of various devices which are used for continuous patient monitoring such as pulse oximeter, blood pressure monitor and temperature monitors among others. The growth factor in medical equipment market is increasing demand for home healthcare services and geriatric care facilities leading to rise in demand for patient monitoring equipment.
ENT Equipment:
ENT equipment is a group of medical devices used for the diagnosis and treatment of ear, nose, and throat. ENT or Ear Nose & Throat is a sub-specialty within medicine that deals with the structure and function of the external ear, middle ear (balance & hearing), inner ear (hearing aid), eye, pharynx (voice box) as well as other body parts related to these organs.
Application Insights:
Based on application, the global medical equipment market has been segmented into hospital, medical center and others. The hospital segment dominated the overall market in 2017 owing to factors such as increasing number of admissions and surgeries across the globe. Moreover, an increase in funding for new hospitals and investments by governments in developing healthcare infrastructure is also propelling growth. For instance, according to a WHO study published in February 2018, it was found that around USD 8 trillion will be needed from 2016 to 2020 for essential health services worldwide. This investment is expected to support industry growth over the forecast period.
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 patient care & comfort. In addition, presence of well-established healthcare infrastructure and high purchasing power 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 infrastructure, growing awareness about early diagnosis & treatment options, government initiatives for quality medical devices at affordable prices as well as demand response from patients towards better services provided by hospitals/clinics/universities are few other drivers anticipated in this region during the same period (Source: Global Medical Equipment Market By Region 2018).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical equipment market is expected to grow at a CAGR of 6.5% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are less risky and cause less pain and trauma as compared to traditional surgeries.
- Technological advancements: The medical equipment market is witnessing rapid technological advancements, with new products being launched every day. This is helping hospitals and clinics upgrade their infrastructure and improve patient care outcomes.
- Rising healthcare expenditure: Governments across the world are investing heavily in healthcare infrastructure, which is driving up the demand for medical equipment globally. In addition, private players are also investing in this sector, thereby contributing to its growth prospects.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Equipment Market Research Report
By Type
Patient Monitoring Equipment, ENT Equipment, Neurologic Equipment, Surgical Equipment
By Application
Hospital, Medical Center
By Companies
Medtronic, Johnson & Johnson, Ge Healthcare, Siemens Healthcare, Philips Healthcare
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Medical Equipment Market Report Segments:
The global Medical Equipment market is segmented on the basis of:
Types
Patient Monitoring Equipment, ENT Equipment, Neurologic Equipment, Surgical Equipment
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, Medical Center
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
- Siemens Healthcare
- Philips Healthcare
Highlights of The Medical Equipment 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:
- Patient Monitoring Equipment
- ENT Equipment
- Neurologic Equipment
- Surgical Equipment
- By Application:
- Hospital
- Medical Center
- 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 Equipment 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 equipment is any device or piece of equipment that is used in the medical field to diagnose, treat, or prevent illness. This can include everything from stethoscopes to MRI machines.
Some of the major players in the medical equipment market are Medtronic, Johnson & Johnson, Ge Healthcare, Siemens Healthcare, Philips Healthcare.
The medical equipment market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Equipment Market - Supply Chain
4.5. Global Medical Equipment Market Forecast
4.5.1. Medical Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Equipment Market Absolute $ Opportunity
5. Global Medical Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Equipment Market Size and Volume Forecast by Type
5.3.1. Patient Monitoring Equipment
5.3.2. ENT Equipment
5.3.3. Neurologic Equipment
5.3.4. Surgical Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Equipment Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Medical Center
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Equipment Demand Share Forecast, 2019-2026
9. North America Medical Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Equipment Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Medical Center
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Equipment Market Size and Volume Forecast by Type
9.7.1. Patient Monitoring Equipment
9.7.2. ENT Equipment
9.7.3. Neurologic Equipment
9.7.4. Surgical Equipment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Equipment Demand Share Forecast, 2019-2026
10. Latin America Medical Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Equipment Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Medical Center
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Equipment Market Size and Volume Forecast by Type
10.7.1. Patient Monitoring Equipment
10.7.2. ENT Equipment
10.7.3. Neurologic Equipment
10.7.4. Surgical Equipment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Equipment Demand Share Forecast, 2019-2026
11. Europe Medical Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Equipment Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Medical Center
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Equipment Market Size and Volume Forecast by Type
11.7.1. Patient Monitoring Equipment
11.7.2. ENT Equipment
11.7.3. Neurologic Equipment
11.7.4. Surgical Equipment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Pojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Equipment Demand Share, 2019-2026
12. Asia Pacific Medical Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Equipment Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Medical Center
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Equipment Market Size and Volume Forecast by Type
12.7.1. Patient Monitoring Equipment
12.7.2. ENT Equipment
12.7.3. Neurologic Equipment
12.7.4. Surgical Equipment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Equipment Demand Share, 2019-2026
13. Middle East & Africa Medical Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Equipment Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Medical Center
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Equipment Market Size and Volume Forecast by Type
13.7.1. Patient Monitoring Equipment
13.7.2. ENT Equipment
13.7.3. Neurologic Equipment
13.7.4. Surgical Equipment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Equipment Market: Market Share Analysis
14.2. Medical Equipment Distributors and Customers
14.3. Medical Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson & Johnson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ge Healthcare
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens Healthcare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Philips Healthcare
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook