Diagnostic Imaging Equipment to dominate the United States Medical Devices Market
New product launches and
rising prevalence of chronic diseases is expected to drive the United States medical
devices market for the forecast period.
According to TechSci Research report, “United
States Medical Devices Market By Type (Cardiovascular Devices, Diagnostic
Imaging Equipment, In-vitro Diagnostic Devices, Opthalmic Devices, Diabetes
Care Devices, Dental Care Devices, Surgical Equipment, Orthopedic Devices,
Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory
Devices, Neurology Devices, Mobility-Aid Devices, Others) By End User
(Hospitals & Clinics, Diagnostic Centers, Others) By Company, By Region,
Forecast & Opportunities, 2026”, The United States medical devices
market is expected to witness significant growth for the next five years.
Medical devices consist of apparatus, machines, articles, or instruments which
are used in diagnosis, treatment and prevention of diseases or health-disorders
of patients. Discovery of injectable pens for treatment of diseases including
diabetes, arthritis, anaphylaxis, other hormone deficiency, osteoporosis is expected
to drive the medical devices market growth. Favorable government policies have
played a positive role for the growth of the bronchoscope market. Some of the
bronchial procedures are bronchial or endobronchial biopsy, rigid and flexible
bronchoscopy and bronchoalveolar lavage. Rising cases of lifestyle disorders,
injuries and accidents are accelerating the market growth. Increasing adoption
of mobile surgery centers and demand for effective and quick emergency
treatment is further boosting the growth of the medical devices market.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in United States imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing which created lucrative opportunities
for the growth of the respiratory care devices market. United States
authorities increased the capacity of hospitals as a greater number of patients
were getting affected daily and getting admitted into the hospital facilities.
Growth in demand for consumable medical devices to cope up the prevailing
conditions of pandemic such as pulse oximeter, gloves, testing kits, personal
protection equipment kit, ventilators, oxygen concentrators is on rise. The
continuous demand for medical devices for treatment of patients is expected to
fuel the market growth for the predicted period.
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United
States medical devices market is segmented into type, end user, regional
distribution, and company. Based on type, market is further divided into cardiovascular
devices, diagnostic imaging equipment, in-vitro diagnostic devices, opthalmic
devices, diabetes care devices, dental care devices, surgical equipment,
orthopedic devices, nephrology & urology devices, ENT devices, anesthesia
& respiratory devices, neurology devices, mobility-aid devices, and others.
The diagnostic imaging equipment segment is expected to account for major
market share for the forecast period, 2022-2026. Increasing prevalence of
chronic diseases requires long term treatment in healthcare facilities and
benefits of early diagnosis and treatment of diseases is fueling the demand for
medical devices market for the next five years. Healthcare sector witness
arrival of foreigners for availing top-notch healthcare facilities in United
States. High-end investments by market players and leading authorities and
supportive reimbursement structure are bolstering the growth of the diagnostics
imaging equipment segment growth. Also, an increase in trauma and sports
related injuries is fostering the growth of the medical devices market in
United States.
GE
Healthcare, Siemens Medical Solutions USA Inc., Philips Healthcare USA,
Shimadzu Medical Systems USA, Hologic, Inc., Fujifilm Medical Systems USA,
Medtronic USA, Inc., Johnson & Johnson, Abbott Laboratories, Inc., Becton,
Dickinson, and Company, Baxter International, Inc., Canon Medical Systems USA,
Inc., Bausch Health Companies, Inc., Alcon, Inc., Dexcom, Inc., Hill-Rom
Holdings, Inc., ResMed, Inc., Invacare Corporation, Roche Diagnostics
Corporation, Stryker Corporation are the leading players operating in United
States medical devices market. Manufacturers are increasingly focusing on research
and development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several medical
devices manufacturers are coming up with their technologically advanced
offerings.
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“Innovations
in technology and collaborations between market players have led to advances in
wearable electronic devices, robotic technology, biomarkers, neuro-stimulators,
stent technologies which has significantly improved the medical devices market
in United States. Adoption of latest technology such as internet of things,
artificial intelligence, 3D printing, big data analytics is creating huge
opportunities for the growth of the medical devices market for the forecast
period. Increasing demand for advanced medical devices and surging life
expectancy of people is expected to accelerate the medical devices market growth
until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“United States Medical
Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment,
In-vitro Diagnostic Devices, Opthalmic Devices, Diabetes Care Devices, Dental
Care Devices, Surgical Equipment, Orthopedic Devices, Nephrology & Urology
Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices,
Mobility-Aid Devices, Others) By End User (Hospitals & Clinics, Diagnostic
Centers, Others) By Company, By Region, Forecast & Opportunities, 2026” has
evaluated the future growth potential of United States medical devices market
and provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of United States medical
devices market.
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