Medical Devices Retail Market - Global Industry Analysis

Medical Devices Retail Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Medical Device Report Format : PDF Report Code: ZMR-6311 Status : Upcoming

Description

Global Medical Devices Retail Market: Overview

Medical devices are machines, apparatus, instruments, or articles that can be utilized for effective treatment, prevention, screening, and diagnosis of different types of disorders and diseases. It can also be utilized for restoring, correcting, detecting, measuring, or modifying the function and structure of the human body to improve the overall health of an individual. The medical devices retail market is associated with the sales of goods to consumers directly in smaller quantities and these are not for resale. Such devices are sold on retail stores including weighing scale, stethoscopes, thermometers, monitoring & diagnosing kits, and other wearable devices which can be utilized for monitoring different parameters of health.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Medical Devices Retail Market: Growth Factors

The growing inclination of people towards advanced technology is one of the major factors driving the growth of the global medical devices retail market. Moreover, the significant spike in the geriatric population all across the globe further propels the growth of the global medical devices retail market as they are more vulnerable to experience chronic disorders and diseases. Moreover, the hike in the accessibility to healthcare facilities offered by semi-government, government, private, and research institutes also boost the growth of the global medical devices retail market. The increasing investment to boost the research and development activities in order to launch innovative and distinct medical devices to deal with the growing prevalence of chronic diseases effectively further escalates the growth of the market globally. However, the increasing research and development activities in the field of medical devices led to the launch of more advanced monitoring devices that are highly adopted by people nowadays to generate huge revenue in the global medical devices retail market. Moreover, it has opened many lucrative growth opportunities in the market globally. Also, the ongoing technological development all across the globe is assisting manufacturers to develop highly advanced products to cater to the needs of patients. Moreover, the growing incidences and prevalence of chronic disorders in people all across the globe also poses a huge demand for monitoring, diagnosing, and screening devices in the market. The outback of the coronavirus pandemic has positively affected the growth of the global medical devices retail market during the forecast period. The pandemic has significantly propelled the demand for several diagnostic kids’ digital thermometers, oxygen meter, and many others.

Global Medical Devices Retail Market: Segmentation

The global medical devices retail market can be segmented into end-users, types of expenditure, device types, and regions.

By end-user, the market can be segmented into hospitals, home care, diagnostic centers, and others. The hospital segment accounts for the largest share in the global medical devices retail market due to the large pool of patients visiting hospitals regularly for treatment. The home care segment is anticipated to witness huge growth during the forecast period due to the outbreak of coronavirus pandemic all across the globe.

By type of expenditure, the market can be segmented into private and public.

By device type, the market can be segmented into anesthesia & respiratory devices, ENT devices, nephrology & urology devices, diabetic care devices, cardiovascular devices, orthopedic devices, ophthalmic devices, dental equipment & supplies, in-vitro diagnostic, and others.

Global Medical Devices Retail Market: Regional analysis

North America accounts for the largest share in the global medical devices retail market due to the presence of a strong consumer base in the region. Moreover, the rising incidences of chronic diseases in the region further boost the growth of the regional market during the forecast period.

Asia Pacific is expected to witness huge growth during the forecast period due to the presence of prominent market players in the region. Also, the growing disposable income of people fuels the growth of the regional market during the forecast period.

Global Medical Devices Retail Market: Competitive Players

Some of the significant players in the global medical devices retail market are Baxter International Inc., Fresenius Medical Care, Cardinal Health, Siemens Healthineers, Ethicon LLC., GE Healthcare, Philips Healthcare, DePuy Synthes, Medtronic, and Stryker.

Global Medical Devices Retail Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing inclination of people towards advanced technology is one of the major factors driving the growth of the global medical devices retail market. Moreover, the significant spike in the geriatric population all across the globe further propels the growth of the global medical devices retail market during the forecast period as they are more vulnerable to experience chronic disorders and diseases.

Some of the significant players in the global medical devices retail market are Baxter International Inc., Fresenius Medical Care, Cardinal Health, Siemens Healthineers, Ethicon LLC., GE Healthcare, Philips Healthcare, DePuy Synthes, Medtronic, and Stryker.

North America accounts for the largest share in the global medical devices retail market due to the presence of a strong consumer base in the region. Moreover, the rising incidences of chronic diseases in the region further boost the growth of the regional market during the forecast period.

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