SAN FRANCISCO, June 18, 2024 /PRNewswire/ -- Horizon
Databook by Grand View Research, explores the medical devices
industry in detail by exploring over 2,000 markets at regional and
global levels. Here are the top 10 medical devices market
trends:
- The global orthopedic devices market size was estimated
at USD 60.4 billion in 2023 and is
projected to grow at a CAGR of 4.3% from 2024 to 2030. The
orthopedic implants segment led the market with the largest revenue
share of 41.7% in 2023.
- The Europe medical imaging
market size was estimated at USD 12.0
billion in 2023 and is projected to grow at a CAGR of 5.1%
from 2024 to 2030. The magnetic resonance imaging segment dominated
the market with a revenue share of 33.7% in 2023, and the UK was
the largest regional market with over a 30% revenue share.
- Growth in demand for imaging equipment will cause a
complementary demand rise in the medical imaging services market.
The U.S. will continue to be the largest revenue-contributing
market.
- The medical devices outsourcing market will register the
highest CAGR of over 12.8% from 2024 to 2030, with Japan from Asia
Pacific leading in terms of revenue
- The home healthcare market across all healthcare
segments will spearhead growth in the next decade. The market will
reach a staggering US$ 666.9 billion
by 2030.
- The telemedicine market has also emerged as one of the
most promising and will continue to grow at a lucrative CAGR of 18%
from 2024 to 2030.
- Increasing technology adoption to curb side effects and dosage
control is likely to boost the drug delivery devices market
growth.
- The surgical blades market is also a identified as a steady
segment with growth expected at around 4% from 2024 to 2030.
- The need for constant healthcare monitoring will help drive the
demand for the wearable technology market. Revenue growth in
terms of CAGR is pegged at over 14.5% from 2024 to 2030.
- 3D printing will revolutionise the medical devices market with
innovation to product lifecycle significantly shortened.
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