Technological Advancements and Innovation Driving Growth in the North American Medical Devices Market.
North America Medical Devices market – Industry Trends and forecast period of 2021 to 2028.
North America Medical Devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.9% in the forecast period of 2021 to 2028 and is expected to reach USD 6,327.41 million by 2028 from USD 4,265.92 million in 2020. Increasing usage of medical devices, growing incidence of COVID-19 are the major drivers which propelled the demand of the market in the forecast period.
North America Medical Devices market Definition
Medical devices Market also provides you with detailed market analysis for every country growth. Additionally, it provides data regarding acquisition and agreement among the major market plyers and start-up companies. Moreover, growing impact of research and development activities on medical devices is leading to market growth pace. The data is available for historic period 2011 to 2019.
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North America Medical Devices market Segmentation
On the basis of product, the medical devices market is segmented into ventilator, spirometers, oxygen concentrators, anaesthesia machines and CPAP/BIPAP. In 2021, ventilator holds highest share in the medical devices market as large number of patient pool suffering from respiratory diseases and COVID-19.
On the basis of mode, the medical devices market is segmented into portable, tabletop and standalone. In 2021, portable segment is dominating the medical devices market due to growing demand for highly advanced and efficient medical devices for treatment.
On the basis of application, the medical devices market is segmented into diagnostic and therapeutic. In 2021, therapeutic segment is dominating the medical devices market due to Growing number surgeries. Moreover, initiative by government anticipated to propel the further market growth.
North America Medical Devices market - Regional Analysis & Insights
Medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to medical devices market.
North America Medical Devices market Industry Country Level Analysis
The medical devices market is analysed and market size information is provided by product, mode, application, facility, end user and distribution channel.
The countries covered in the medical devices market report are the U.S., Canada, and Mexico.
North America is expected to dominate the market due to the high adoption of medical devices by the patients in the region. The U.S. is dominating in the market and leading the growth in the North America market due to increased presence of key market players in the region.
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North America Medical Devices market Share Analysis and Some major players
The major players covered in the report GE Healthcare, Koninklijke Philips N.V., Medtronic, Drägerwerk AG & Co. KGaA, VYAIRE, Getinge AB, Smiths Medical Inc. (A part of Smiths Group plc.), NDD Medical Technologies, ResMed, Invacare Corporation, NIDEK MEDICAL, O2 CONCEPTS, LLC, Teijin Limited, GCE Healthcare, Inogen, Inc, Teleflex Incorporated, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., MGC Diagnostics Corporation, HILL-ROM, Drive DeVilbiss Healthcare Inc., Midmark Corporation, CAIRE Inc., GCE Group, Fisher & Paykel Healthcare Limited, Schiller, among others domestic and North America players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Major TOC of the Europe Medical Devices Market
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Europe Medical Devices Market
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