global medical devices market with focus on korea: industry analysis & outlook (2017-2021)

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Global Medical Devices Market with Focus on Korea:

Industry Analysis & Outlook ------------------------------------

(2017-2021)

Industry Research by Koncept Analytics

March 2017

Global Medical Devices Market with Focus on Korea: Industry Analysis & Outlook (2017-2021)

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Executive Summary


Medical device is an instrument, implant, contrivance or a machine used in prevention, diagnosis and treatment of illness, or detecting, restoring or modifying the structure or function of the body for health purpose. Medical devices come with numerous varieties, ranging from simple tongue depressors and bedpans to complex programmable pacemakers with micro-chip technology and laser surgical devices. Medical devices also include in-vitro diagnostic products such as reagents, test kits and lab equipments. Electronic radiation emitting products like X-Ray machines, diagnostic ultrasound machines and medical lasers also come under the medical devices segment.

The Americas region is a major contributor to the global medical device market supported by technological innovation and higher concentration of major medical devices and manufacturing companies. The Americas region is likely to experience further growth of medical device market with technological advancements in medical devices, growing cases of cardiovascular diseases and rising adoption of medical implants.

Cardiology and In-vitro segments were significant in the growth of medical device market because of increased cases of heart related diseases and increased need of lab testing for diagnosis of diseases.

The global medical device market is expected to grow in future due to increasing ageing population, obese population, rise in health expenditure and rising diabetic prevalence. Key trends of this market include adoption of minimally invasive devices, changing lifestyle, increasing awareness towards diagnosis and treatment. However, there are some factors which can hinder the market growth including safety, quality & security control and changing regulations for safety control.

The report “Global Medical Devices Market with Focus on Korea: Industry Analysis & Outlook (2017-2021)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the Americas, Asia-Pacific and Europe region along with the global market. The report profiles the key players of the market including Johnson & Johnson, Medtronic plc, Stryker and Siemens.

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Growth of the global medical device market will be driven by increased ageing and obese population, rising diabetic prevalence and changing lifestyle….


• The global medical device market is expected to reach US$.. billion in year 2021, increasing from US$.. billion in the 2016, recording growth at an impressive CAGR of .. % for the period spanning 2016-2021.

• The global medical device market was dominated by In-vitro diagnostics segment with a share of ..%, followed by cardiology segment holding a share of ..% in year 2016.

• In year 2016, the Americas stood as the largest market for Medical device holding .. % share followed by Asia-Pacific that held … % share.

Global Medical Device Market by Segment (2016)

Global Medical Device Market Forecast by Value (2016-2021)

Global Medical Device Market by Regions (2016)

2016 2017 2018 2019 2020 2021

US$

Billio

n

In-vitro Diagnostics Cardiology Diagnostic Imaging OrthopedicsOphthalmics Others The Americas Asia-Pacific Europe ROW

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Growth of regional market will be driven by increased technological advancements in medical devices, growing cases of cardiovascular diseases, rising adoption of medical implants..


• The Americas medical device market is expected to reach US$.. billion in the year 2021, increasing from US$.. billion in the 2016 fiscal year.

• In year 2021, Korean medical device market is expected to reach US$.. million, increasing from US$.. million in 2017, at a CAGR of ..%.

• In 2016, Asia held the highest share of ..% of Korean medical device export market, followed by the Americas with ..% share.

Korea Medical Device Market Forecast by Value (2017-2021)

The Americas Medical Device Market Forecast by Value (2016-2021)

Korea Medical Device Export Market by Region (2016)

2016 2017 2018 2019 2020 2021

US$

Billi

on

2017 2018 2019 2020 2021

US$

Milli

on

Asia The Amercias Europe Others

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global medical devices market with focus on korea: industry analysis & outlook (2017-2021)

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