Medical Devices Retail Market Size, Share, Industry Analysis Report 2032

According to the report published by Zion Market Research, the global Medical Devices Retail Market size was valued at USD 538.21 Billion? in 2023 and is predicted to reach USD 865.49 Billion? by the end of 2032. The market is expected to grow with a CAGR of 5.42% during the forecast period. The report analyzes the global Medical Devices Retail Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Medical Devices Retail Market industry.

Request Free Sample

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.

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.

Request Free Sample

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.

Medical Devices Retail Market : Report Scope

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
• Stryker.

The Global Medical Devices Retail Market is segmented as follows:

By End-users 

• Hospitals 
• Home Care 
• Diagnostic Centers 
• And Others 

By Types of expenditure 

• Private  
• Public 

By Device types 

• 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 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.