Global Medical Equipment and Devices Industry
Medical equipments and devices constitutes a vast category of devices used in hospitals or for personal care, like patient monitoring devices, diagnostics devices, surgical appliances and electro-medical equipments and many others. This industry as a whole generates large amount of revenues, demand for these equipments will grow further supported by rising number of chronic diseases, aging population, technology advancement and many more. The US is the leading country in terms of technology and demand for medical equipment devices, supported by high disposable income and sound economy of the country.
This report covers major segments of the medical equipment and device industry with geographical distribution. The explanation starts from an overview of the global medical equipment industry and then covers the US, China, India, Indonesia, Italy and New Zealand. The US is the largest market for medical equipments and supplies due to high disposable income and advance technology. In this report we have tried to analyse all the major segments of United States medical equipment industry, of which diagnosis contributing to the largest part. Apart from geographical distribution here we have talked about recent industry trends and driving forces supporting the industry growth. Also we have profiled major players, their business, financial information, business strategies and developments.
Major Findings of the Report
* The US cancer molecular diagnostics market has reached US$~ million in 2009, which was US$~ million in 2008 and this market is expected to reach US$~ billion by 2013. Cancer diagnostics market is primarily comprised of breast cancer diagnostics revenues.
* The total market for medical equipment and related accessories and supplies reached to US$~ billion in 2009, grew by 2.22% from 2008 level. Surgical appliances & supplies and Surgical & medical instruments accounts are highest percent of the market. Electro-medical equipment stands on third place.
* Demand for US surgical appliances and supplies reached US$~ billion in 2009. Surgical and medical instruments consist primarily of devices and instruments used by medical professionals in surgery and other invasive patient procedures.
* In 2009, In-vitro diagnostics market growth was slow but performed better than other medical device demand and generated US$~ billion revenues with ~ percent growth rate over six years (2004-2009).
* In China medical device sector is highly fragmented, wherein many big and small players are competing on the same platform and almost 1,000 new medical device manufacturers are introducing in the market. This sector accounted for almost US$~ billion market in 2009
* The Italian market for medical equipment and supplies is the third largest in Europe following Germany and France and the sixth largest in the
world. Italy has a government-funded healthcare system, making the government the primary purchaser of medical equipment.
* The Italian market for medical equipment is highly dependent on imports. Major suppliers are the US, Germany, France and Japan.
* The industry is very concentrated with the top 50 companies holding close to 60% of the total market. However, small companies can
compete by focusing on niche markets or pursuing technological innovative solutions.
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