Description
The Global Market for Medical Devices, 9th Edition (40+ Specific Device Markets and 50 Country Markets Forecasted to 2023)
The ninth edition of Kalorama Information’s Global Market for Medical Devices provides a complete view of the medical device market and opportunity for medical device companies, competitors, and investors. As part of its coverage, this report contains market sizing and forecasts for the world medical device market and those of 50 countries, a survey of regulatory practices across the world, research and development spending, a look at the status of the hospital industry, key market drivers and limiters, and profiles of major device companies.
The report’s findings show that revenue growth at major companies has changed and as well most revenue forecasts. Emerging markets continue to help boost company revenues, but the double-digit growth of past years is no longer widely forecasted. Global Market for Medical Devices provides the following market data:
- Global Medical Device Market, 2016-2023
- Global Markets for Specific Medical Devices, 2018-2023
- Country Device Markets, 2018-2023 (United States, Germany, Japan, China, France, United Kingdom, Italy, Spain, Canada, Australia, India, Brazil, Netherlands, Switzerland, Taiwan, Mexico, S. Korea, Sweden, Turkey, Singapore, New Zealand, Saudi Arabia, Russia, Egypt, Malaysia, Thailand, Poland, Philippines, Indonesia, Argentina, Israel, Greece, South Africa, Chile, Vietnam, Bangladesh, Slovakia, UAE, Czech Republic, Romania, Iran, Venezuela, Slovenia, Ukraine, Lithuania, Croatia, Bulgaria, Iraq, Hungary, Serbia)
- Medical Device Spending as a Percentage of Total Health Spending, by Country, 2018 Estimates (United States, Canada, Germany, France, Italy, United Kingdom, Spain, Turkey, Poland, Romania, Sweden, Switzerland, Netherlands, Greece, Hungary, Russia, Bulgaria, Croatia, Czech. Rep., Serbia, Ukraine, Lithuania, Slovakia, Slovenia, South Africa, Saudi Arabia, Egypt, Israel, Iran, Iraq, UAE, Japan, China, Australia, Vietnam, S. Korea, Malaysia, India, Indonesia, Singapore, Brazil, Mexico, Chile, Argentina, Venezuela)
- Medical Device Market Distribution by Region, 2018 (%) (Northern America, EMEA, Asia Pacific, Latin America)
Specific Device Markets
While there are hundreds of types of products that can be classified as medical devices, a few specific categories and products make up the bulk of the market. The report addresses device category segment markets, detailing the size of the global market for specific device markets in 2018 and an estimated market for 2023, including the following:
- Anesthesia Monitors
- Blood Collection
- Blood Gas Analyzers
- Blood Pressure Monitors
- Cannula Respiratory
- Catheters
- Computed Tomography
- Coronary Stents
- CPAP Machines
- Defibrillators
- Dental Equipment/Devices (excluding x-ray)
- Dental Implants/Components
- Dental X-ray
- Dialysis Equipment & Supplies
- EKG/ECG Machines
- Electrosurgical Devices
- Endoscopes (excluding gastro)
- Gastric Banding/Bariatric
- Gastro Endoscopes
- Glucose Tests
- Hip implants
- Hypodermic Syringe
- Infusion Pumps
- Intraocular Lenses
- Knee implants
- Medical Beds
- Minimally Invasive Surgical Instruments
- MRI
- Neurostimulation
- Ostomy Care Devices
- Oxygen Therapy Equipment
- Pacemakers
- Personal protective equipment (gloves, masks, gowns)
- Spine implants
- Sport, Extremity and Trauma
- Stethoscopes
- Sutures, Staples, Staplers
- Traditional Surgical Instruments (scalpels, forceps, retractors, scissors)
- Ultrasound
- Vascular Closure Devices
- Wheelchairs
- Wound Care, Advanced
- X-Ray (excluding dental)
Top Companies
In 2018, just 15 companies earn almost 52% of the revenue in the device market. Most companies operate in just a few markets, though the top companies are multi-billion-dollar companies that operate in several categories. In each edition of this report, Kalorama Information has looked at those companies in the industry that are large, global, and representative of different categories of medical device. The operations of these companies provide insight into the performance of the global device market and reveal trends in geographic sales distribution and research and development spending. The following companies make up Kalorama’s Index of Bellwether Device Companies, with details of each related to performance in 2017 and 2018 included in the report:
- Medtronic
- Johnson & Johnson
- Abbott
- Danaher Corporation
- Becton Dickinson & Co. (BD)
- Siemens Healthineers
- Stryker Corporation
- Royal Philips
- GE Healthcare
- Boston Scientific
- B. Braun
- Zimmer Biomet
- Baxter International
- Olympus Medical Systems
- Smith & Nephew Plc.
Market by Country
Global Market for Medical Devices evaluates country markets for medical devices, providing market size 2018-2023, annual growth 2017-2018, and medical device market indicators (such as population, urban population (% of total) 2018, life expectancy at birth (years) 2018, total health spending (billions$), health spending % of GDP, physicians (per 1000 inhabitants), hospital beds (per 1000 inhabitants), diabetes prevalence (% of Population) 2017, and primary causes of death) for the top 20 country markets:
- United States
- Germany
- Japan
- China
- France
- United Kingdom
- Italy
- Spain
- Canada
- Australia
- India
- Brazil
- Netherlands
- Switzerland
- Taiwan
- Mexico
- South Korea
- Sweden
- Turkey
- Singapore
Mergers and Acquisitions
During the years 2015 through 2017 and through the first three quarters of 2018, key market players were active in M&A. Market share position has changed in the last year as several major competitors merged and others have shed medical device units. Medical device companies are seeking strategic acquisitions to fill gaps in their portfolios in a manner that will help them offer more complete solutions. There is a trend toward consolidation, driven in part by the necessity to reduce costs as pricing pressures mount from hospital customers. The report contains a select listing of major mergers and acquisitions that occurred in the medical device market in since 2015.
Company Profiles
Global Market for Medical Devices provides profiles not only of the 15 bellwether market companies based on revenues and diversity of medical devices produced, but also of other major concerns in the medical device market, including:
- 3M Health Care
- Access Scientific, LLC
- Acelity L.P. Inc.
- Advanced Bionics AG
- Angiodynamics
- Arjo AB
- Arthrex, Inc.
- Asahi Kasei
- BSN medical GmbH – Essity
- Cardinal Health
- Coloplast A/S
- CONMED Corporation
- Convatec
- Cook Medical
- Cooper Surgical
- Dentsply-Sirona
- Drägerwerk AG & Co. KGaA
- Drive DeVilbiss Healthcare
- Edwards Lifesciences Corp.
- Fisher & Paykel Healthcare Limited
- Fresenius
- GF Health Products Inc.
- Haemonetics
- Hill-Rom
- Hollister Incorporated
- Invacare
- IRadimed Corporation
- Masimo Corporation
- Mindray Bio-Medical Electronics Co., Ltd.
- Mölnlycke Health Care AB
- Nova Biomedical
- Paul Hartmann, AG
- PerkinElmer, Inc
- ResMed
- Roche
- Teleflex Inc
- Terumo Corporation
- Varian Medical Systems, Inc.
- Vyaire Medical
- Zyno Medical LLC
For the purposes of this report, the definition of a medical device is a broad one. A medical device is a product that is used in treatment, diagnosis, or injury repair in a patient that does not achieve its effect through chemical action or metabolism in the human body. Most importantly, they are devices that are regulated. Because of the broad definition, estimates of medical device markets vary, as any item from a nuclear camera or catheter to a latex glove can be considered a medical device. It is as a result a market in which hundreds of companies worldwide participate.
Table of Contents
Executive Summary
- Overview
- Size and Growth of the Market
- Table Global Medical Device Market, 2016-2023
- Top Companies
- Mergers and Acquisitions
- Scope and Methodology
- Conclusions
Introduction
- Overview
- Table Summary: Global Atlas of Medical Devices, 2017 Update
- Regulation in the United States
- Classification of Medical Devices
- Table Medical Device Reclassifications, 2013-2016 (Report January 9, 2017)
- Table FDA Devices Cleared in 2017/2018 (September 2017 – September 2018), 510(k) Clearances by Month
- Table FDA Devices Cleared in 2017/2018 (September 2017 – September 2018), 510(k) Clearances by Review Panel (%)
- Table FDA 510(k) Premarket Notifications by Bellwether Company and Year (January 2016 – September 2018)
- Regulation in Europe
- European Union
- Table EU Medical Device Classification Rules
- Table EU Medical Device Directives by Device Type
- Table EU Competent Authorities
- Table EEA Competent Authorities
- Regulation in Japan
- Regulation in China
- Regulation in Canada
- Regulation in Brazil
- World Health Care Trends
- Unique Device Identifier (UDI)
Mergers and Acquisitions
- Introduction
- Selected Significant Device Industry Mergers and Acquisitions
- Table Highest Valued Medical Device M&A Deals (2015-2018 YTD)
- Medtronic Acquires Covidien and Other Companies
- Abbott: Acquisitions, Divestures and the Alere Deal
- BD Acquires CareFusion; Following with C.R. Bard
- Pfizer and the $17 Billion Hospira Acquisition
- Zimmer Finalizes Biomet Acquisition
- Cardinal Health Strengthens Position in Medical Device Market with Medtronic Asset Acquisition
- Dentsply-Sirona Merger
- Johnson & Johnson and Abbott Medical Optics: Combined #2 in Vision Care Industry; LifeScan Divesture
- Thermo Fisher Scientific Completes Major Deals in 2016
- Danaher and Cepheid: Expanding Access to Molecular Diagnostic Technologies
- Tornier and Wright Medical Merger Finalized
- Stryker Corporation Active in M&A
- Hill-Rom Completes Acquisition of Welch Allyn
- PerkinElmer and EUROIMMUN Medical Laboratory Diagnostics AG
- Siemens Healthineers and Epocal Inc (Alere subsidiary)
- Integra LifeSciences and Codman Neurosurgery from Johnson & Johnson
- Table Mergers and Acquisitions in the Medical Device Market, 2015-2018 YTD
- Table Medical Device M&A Combined Value by Year (2015-2018 YTD)
- Pending: Fresenius Medical Care and NxStage Medical
Specific Device Markets
- Table Global Markets for Specific Medical Devices, 2018-2023 ($ Billions)
- Blood Collection Supplies
- Table Blood Collection Supplies Market Value (2018) and Market Growth (CAGR 2018-2023)
- Catheters
- Table Catheters Market Value (2018) and Market Growth (CAGR 2018-2023)
- CPAP Devices
- Table CPAP Devices Market Value (2018) and Market Growth (CAGR 2018-2023)
- Critical Care Analysis – Blood Gas Analyzers
- Table Critical Care Analysis – Blood Gas Analyzers Market Value (2018) and Market Growth (CAGR 2018-2023)
- Defibrillators
- Table Defibrillators Market Value (2018) and Market Growth (CAGR 2018-2023)
- Table Defibrillation Device Sales, Distribution by Type, 2018 (%)
- Dialysis Equipment & Supplies
- Table Dialysis Equipment & Supplies Market Value (2018) and Market Growth (CAGR 2018-2023)
- Gastric Banding and Bariatric Devices
- Table Gastric Banding and Bariatric Devices Market Value (2018) and Market Growth (CAGR 2018-2023)
- Hip Implants
- Table Hip Implants Market Value (2018) and Market Growth (CAGR 2018-2023)
- Infusion Pumps
- Table Infusion Pumps Market Value (2018) and Market Growth (CAGR 2018-2023)
- Intraocular Lens Devices
- Table Intraocular Lens Devices Market Value (2018) and Market Growth (CAGR 2018-2023)
- Knee Implants
- Table Knee Implants Market Value (2018) and Market Growth (CAGR 2018-2023)
- Medical Beds
- Table Medical Beds Market Value (2018) and Market Growth (CAGR 2018-2023)
- Minimally Invasive Surgery (MIS)
- Table Minimally Invasive Surgery (MIS) Market Value (2018) and Market Growth (CAGR 2018-2023)
- MRI
- Table Magnetic Resonance Imaging (MRI) Market Value (2018) and Market Growth (CAGR 2018-2023)
- Nasal Cannulae
- Table Nasal Cannulae Market Value (2018) and Market Growth (CAGR 2018-2023)
- Ostomy Products
- Table Ostomy Products Market Value (2018) and Market Growth (CAGR 2018-2023)
- Pacemakers
- Table Pacemakers Market Value (2018) and Market Growth (CAGR 2018-2023)
- Table Pacemaker Device Sales, Distribution by Type, 2018 (%)
- Patient Monitoring
- Table Patient Monitoring Devices Market Value (2018) and Market Growth (CAGR 2018-2023)
- Personal Protective Equipment
- Table Personal Protective Equipment Market Value (2018) and Market Growth (CAGR 2018-2023)
- Medical Gloves
- Stents
- Table Stents Market Value (2018) and Market Growth (CAGR 2018-2023)
- Ultrasound
- Table Ultrasound Market Value (2018) and Market Growth (CAGR 2018-2023)
- Wheelchairs
- Table Wheelchairs Market Value (2018) and Market Growth (CAGR 2018-2023)
- Wound Care Devices, Advanced Technologies
- Table Wound Care Devices, Advanced Technologies Market Value (2018) and Market Growth (CAGR 2018-2023)
- X-Ray and Digital X-Ray
- Table X-Ray and Digital X-Ray Market Value (2018) and Market Growth (CAGR 2018-2023)
- Table X-Ray Equipment Sales, Distribution by Type, 2018 (%)
Bellwether Companies
- Revenue Performance – 15 Bellwether Companies
- Table Revenue Performance, Bellwether Companies, 2017 vs. 2018 (US billions)
- US Versus International Sales
- Table Percent of Sales from US, Bellwether Companies, 2017 and 2018
- Investment in Research and Development
- Table Research and Development Spending, Bellwether Companies, 2017 and Estimated 2018 (US billions)
- Table Research and Development Spending as a Percentage of Revenues, Bellwether Companies, 2017 and Estimated 2018
Market Analysis
- Market Drivers
- Aging Population
- Table Global Population Trends, Total Population vs. Age 65+ Population, 2000-2050
- Increase in Chronic Disease
- Table Global Prevalence of Disease, 2000, 2015 and Projected 2030
- Table Mortality: Chronic vs. Acute, 2015 (%)
- Market Constraints
- Pressure on Prices
- Table Medical Device Spending as a Percentage of Total Health Spending, by Country, 2018 Estimates
- Group Purchasing Organization
- Value Analysis Committees
- State of the US Hospital Market
- Table Major U.S. Hospital Chain 2014-2017 Results: Revenue, Net Income, Salaries, Debt, Supply Spending
- Medical Device Market Size and Growth
- Table Medical Device Market, 2016-2023
- Market by Region
- Table Medical Device Market Distribution by Region, 2018 (%) (Northern America, EMEA, Asia Pacific, Latin America)
- Market by Country
- Table Country Device Markets, 2018-2023 ($ billions)
- United States Medical Device Market
- Table United States Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table US Medical Device Market Indicators
- Germany Medical Device Market
- Table Germany Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Germany Medical Device Market Indicators
- Japan Medical Device Market
- Table Japan Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Japan Medical Device Market Indicators
- China Medical Device Market
- Table China Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table China Medical Device Market Indicators
- France Medical Device Market
- Table France Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table France Medical Device Market Indicators
- United Kingdom Medical Device Market
- Table United Kingdom Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table United Kingdom Medical Device Market Indicators
- Italy Medical Device Market
- Table Italy Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Italy Medical Device Market Indicators
- Spain Medical Device Market
- Table Spain Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Spain Medical Device Market Indicators
- Canada Medical Device Market
- Table Canada Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Canada Medical Device Market Indicators
- Australia Medical Device Market
- Table Australia Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Australia Medical Device Market Indicators
- India Medical Device Market
- Table India Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table India Medical Device Market Indicators
- Brazil Medical Device Market
- Table Brazil Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Brazil Medical Device Market Indicators
- The Netherlands Medical Device Market
- Table The Netherlands Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table The Netherlands Medical Device Market Indicators
- Switzerland Medical Device Market
- Table Switzerland Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Switzerland Medical Device Market Indicators
- Taiwan Medical Device Market
- Table Taiwan Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Taiwan Medical Device Market Indicators
- Mexico Medical Device Market
- Table Mexico Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Mexico Medical Device Market Indicators
- South Korea Medical Device Market
- Table South Korea Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table South Korea Medical Device Market Indicators
- Sweden Medical Device Market
- Table Sweden Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Sweden Medical Device Market Indicators
- Turkey Medical Device Market
- Table Turkey Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Turkey Medical Device Market Indicators
- Singapore Medical Device Market
- Table Singapore Medical Device Market Size ($Billion) and Annual Growth (2017-2018)
- Table Singapore Medical Device Market Indicators
Company Profiles: Bellwether
- Medtronic
- Table Medtronic Corporate Summary
- Company Overview
- Products Highlights
- Company Financials
- Table Medtronic Financial Review, Fiscal 2017-2018 ($millions)
- Johnson & Johnson
- Table Johnson & Johnson Corporate Summary
- Company Overview
- Product Overview
- Company Financials
- Table Johnson & Johnson Financial Review 2016-2018 ($ billions)
- Abbott
- Table Abbott Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Abbott Financial Review, 2016-2018 ($billions)
- Danaher Corporation
- Table Danaher Corporate Summary
- Company Overview
- Company Financials
- Table Danaher Financial Review, 2016-2018 ($billions)
- Becton Dickinson & Co. (BD)
- Table Becton Dickinson Corporate Summary
- Company Overview
- Mergers and Acquisitions
- Products
- Company Financials
- Table Becton Dickinson Financial Review, 2016-2018 ($ billions)
- Siemens Healthineers
- Table Siemens Healthineers Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Siemens AG Financial Review, 2016-2018 ($ billions)
- Stryker Corporation
- Table Stryker Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Stryker Corporation Financial Review, 2016-2018 ($ billions)
- Royal Philips
- Table Royal Philips Corporate Summary
- Company Overview
- Mergers & Acquisitions
- Products
- Company Financials
- Table Philips Financial Review, 2017-2018 ($millions)
- GE Healthcare
- Table GE Healthcare Corporate Summary
- Company Overview
- Products
- Company Financials
- Table GE Healthcare Financial Review, 2016-2018 ($ billions)
- Boston Scientific
- Table Boston Scientific Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Boston Scientific Financial Review, 2016-2018 ($billions)
- B. Braun
- Table B. Braun Corporate Summary
- Company Overview
- Products
- Company Financials
- Table B. Braun Financial Review, 2016-2018 ($ billions)
- Zimmer Biomet
- Table Zimmer Biomet Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Zimmer Biomet Financial Review, 2016-2018 ($ billions)
- Baxter International
- Table Baxter Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Baxter Financial Review, 2016-2018 ($ billions)
- Olympus Medical Systems
- Table Olympus Corporate Summary
- Company Overview
- Products
- Company Financials
- Table Olympus Corp. Financial Review, FY 2017-2018 ($ millions)
- Smith & Nephew Plc.
- Table Smith & Nephew Corporate Summary
- Company Overview
- Acquisitions
- Products
- Company Financials
- Table Smith & Nephew Financial Review, 2016-2018 ($ billions)
Company Profiles: Other Market Participants
- 3M Health Care
- Table 3M Corporate Summary
- Company Overview
- Access Scientific, LLC
- Table Access Scientific Corporate Summary
- Company Overview
- Acelity L.P. Inc.
- Table Acelity Corporate Summary
- Company Overview
- Advanced Bionics AG
- Table Advanced Bionics Corporate Summary
- Company Overview
- Angiodynamics
- Table Angiodynamics Corporate Summary
- Company Overview
- Arjo AB
- Table Arjo Corporate Summary
- Company Overview
- Arthrex, Inc.
- Table Arthrex Corporate Summary
- Company Overview
- Asahi Kasei
- Table Asahi Kasei Corporate Summary
- Company Overview
- BSN medical GmbH – Essity
- Table BSN medical Corporate Summary
- Company Overview
- Cardinal Health
- Table Cardinal Health Corporate Summary
- Company Overview
- Coloplast A/S
- Table Coloplast Corporate Summary
- Company Overview
- CONMED Corporation
- Table CONMED Corporate Summary
- Company Overview
- Convatec
- Table Convatec Corporate Summary
- Company Overview
- Products
- Cook Medical
- Table Cook Medical Corporate Summary
- Company Overview
- Cooper Surgical
- Table Cooper Surgical Corporate Summary
- Company Overview
- Dentsply-Sirona
- Table Dentsply-Sirona Corporate Summary
- Company Overview
- Drägerwerk AG & Co. KGaA
- Table Drägerwerk Corporate Summary
- Company Overview
- Drive DeVilbiss Healthcare
- Table Drive DeVilbiss Corporate Summary
- Company Overview
- Edwards Lifesciences Corp.
- Table Edwards Lifesciences Corporate Summary
- Company Overview
- Fisher & Paykel Healthcare Limited
- Table Fisher & Paykel Corporate Summary
- Company Overview
- Fresenius
- Table Fresenius Corporate Summary
- Company Overview
- GF Health Products Inc.
- Table GF Health Products Corporate Summary
- Company Overview
- Haemonetics
- Table Haemonetics Corporate Summary
- Company Overview
- Hill-Rom
- Table Hill-Rom Corporate Summary
- Company Overview
- Hollister Incorporated
- Table Hollister Inc. Corporate Summary
- Company Overview
- Invacare
- Table Invacare Corporate Summary
- Company Overview
- IRadimed Corporation
- Table IRadimed Corporate Summary
- Company Overview
- Masimo Corporation
- Table Masimo Corporate Summary
- Company Overview
- Mindray Bio-Medical Electronics Co., Ltd.
- Table Mindray Corporate Summary
- Company Overview
- Mölnlycke Health Care AB
- Table Mölnlycke Corporate Summary
- Company Overview
- Nova Biomedical
- Table Nova Biomedical Corporate Summary
- Company Overview
- Paul Hartmann, AG
- Table Paul Hartmann Corporate Summary
- Company Overview
- PerkinElmer, Inc
- Table PerkinElmer Corporate Summary
- Company Overview
- ResMed
- Table ResMed Corporate Summary
- Company Overview
- Roche
- Table Roche Corporate Summary
- Company Overview
- Teleflex Inc
- Table Teleflex Corporate Summary
- Company Overview
- Products
- Terumo Corporation
- Table Terumo Corporate Summary
- Company Overview
- Varian Medical Systems, Inc.
- Table Varian Medical Corporate Summary
- Company Overview
- Products
- Vyaire Medical
- Table Vyaire Medical Corporate Summary
- Company Overview
- Zyno Medical LLC
- Table Zyno Medical Corporate Summary
- Company Overview
