Business

The Market Opportunities of Global Medical Device Accessories and the Forecast of the Industry

The global market of medical device and accessories is dependent on the prevalence of chronic diseases. The improvement of medical devices with the advancement of technology and the rise of the aged population is helping in the growth of the market.

The market is segmented on the base device types, application and region. The market type of medical device and accessories includes cardiovascular application, coronary pressure monitors, therapeutic medical guide, cochlear implant, dental implant, catheters, diabetes monitors market, suture needles market and nerve stimulator market. Each of the market types is further divided into sub-segments which helps in proving the complete overview of the market. The cardiovascular device held the highest market share among all of the types.

The report also includes major manufacturers of medical device and accessories along with their complete business strategy and products overview. The market of global medical device and accessories is expected to grow at the CAGR of 6.65% from 2017 to 2023. The report covers all of the factors affecting the market growth along with drivers and restrainers of the market.

The market is also segmented on the base of the region which includes North America, Middle East & Africa, Asia Pacific, Latin America and Europe. On a global scale, the Americas holds the largest market share. It is expected to stay that way and keep on growing. Asia Pacific is expected to grow at the highest CAGR of 7.12% during the forecast period. The political, economic and social factors of the regions are taken into consideration for a complete analysis of the market.

 

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