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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