U.S. Medical Device Manufacturers Market Size, Share & Trends Analysis Report By Type (Diagnostic Imaging, Consumables, Patient Aids, Orthopedics), Competitive Landscape, And Segment Forecasts, 2019 - 2025

Published: Jan, 2019 | Pages: 55 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The U.S. medical device manufacturers market size is expected to reach USD 226.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.0% CAGR during the forecast period. Developing countries offer new investment avenues to global market giants, especially the ones in U.S. Developing healthcare infrastructure and increasing disease burden are driving demand for advanced medical devices in these countries.

Increasing geriatric population in U.S. is one of the major factors driving demand for various medical devices, thereby attracting new entrants into the market. This is anticipated to create a positive environment for entry of new players. They are highly capital intensive in some segments, such as cardiac monitors and oxygen equipment. A significant amount of seed capital is required to set up a manufacturing facility.

In recent years, the imaging equipment segment has witnessed a large number of new product launches and currently has a significant number of products in pipeline. Diagnostic imaging is an important tool for diagnosis of a wide range of chronic as well as acute diseases. Early diagnosis leads to detection of chronic diseases at earlier stages, which helps decrease total healthcare costs.

Product launches, mergers, and acquisitions are anticipated to aid companies in expanding their client base, leading toward market growth. For instance, in March 2017, GE Healthcare acquired Monica Healthcare.In April 2017, Abbott and Alere amended the terms of their merger agreement for the former's acquisition of the latter. The acquisition is expected to aid in the expansion of Abott's presence in the global diagnostics industry.

Further key findings from the report suggest:

• The diagnostic imaging segment captured the largest market share in 2017 owing to growing demand for accurate diagnostic solutions

• The patient aids segment is anticipated to grow at the fastest rate over the forecast period

• Some of the key players in the market are 3M, Abbott Laboratories, Baxter International, Boston Scientific Corporation, B. Braun Melsungen, GE Healthcare, Johnson and Johnson, and Medtronic.

• Product launches, mergers, and acquisitions are expected to help companies increase their client base, leading toward market growth.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                     1.1.1 Information procurement
                 1.2 Information or Data Analysis
                 1.3 Research Scope and Assumptions
                 1.4 List to Data Sources

Chapter 2 Executive Summary
                 2.1 Market Summary
                 2.2 U.S. Medical Device Manufacturers Market Dynamics

Chapter 3 Market Variables, Trends & Scope
                 3.1 Market Segmentation
                 3.2 Market Driver Analysis
                     3.2.1 Growing geriatric population
                     3.2.2 High adoption of minimally invasive procedures
                     3.2.3 Increase in the number of sports and road accidents
                     3.2.4 Increasing geographic reach of market players
                 3.3 Market Restraint Analysis
                     3.3.1 Increase in the number of product recalls
                     3.3.2 Social and ethical issues
                     3.3.3 Slow approval procedures

Chapter 4 Business Environment Analysis Tools
                 4.1 SWOT Analysis; By factor (Political & Legal, Economic and Technological)
                 4.2 Porter's five forces analysis

Chapter 5 Regulatory and Political Forces
                 5.1 Regulatory Landscape
                     5.1.1 List of Regulatory authorities by country

Chapter 6 U.S. Medical Device Manufacturers Market Modality Business Analysis
                 6.1 U.S. Medical Device Manufacturers Market: Type Movement Analysis
                     6.1.1 Diagnostic imaging
                         6.1.1.1 Diagnostic imaging market estimates and forecast, 2014 - 2025
                     6.1.2 Consumables
                         6.1.2.1 Consumables market estimates and forecast, 2014 - 2025
                     6.1.3 Patient Aids
                         6.1.3.1 Patient aids market estimates and forecast, 2014 - 2025
                     6.1.4 Orthopedics
                         6.1.4.1 Orthopedics market estimates and forecast, 2014 - 2025
                     6.1.5 Others
                         6.1.5.1 Others market estimates and forecast, 2014 - 2025

Chapter 7 Company Profiles
                 7.1 3M Healthcare
                     7.1.1 Company overview
                     7.1.2 Financial performance
                     7.1.3 Product benchmarking
                     7.1.4 Strategic initiatives
                 7.2 Abbott
                     7.2.1 Company overview
                     7.2.2 Financial performance
                     7.2.3 Product benchmarking
                     7.2.4 Strategic initiatives
                 7.3 Baxter International Inc.
                     7.3.1 Company overview
                     7.3.2 Financial performance
                     7.3.3 Product benchmarking
                     7.3.4 Strategic initiatives
                 7.4 B. Braun Melsungen AG
                     7.4.1 Company overview
                     7.4.2 Financial performance
                     7.4.3 Product benchmarking
                     7.4.4 Strategic initiatives
                 7.5 GE Healthcare
                     7.5.1 Company overview
                     7.5.2 Financial performance
                     7.5.3 Product benchmarking
                     7.5.4 Strategic initiatives
                 7.6 Johnson & Johnson Services, Inc.
                     7.6.1 Company overview
                     7.6.2 Financial performance
                     7.6.3 Product benchmarking
                     7.6.4 Strategic initiatives
                 7.7 Medtronic
                     7.7.1 Company overview
                     7.7.2 Financial performance
                     7.7.3 Product benchmarking
                     7.7.4 Strategic initiatives
                 7.8 Boston Scientific Corporation
                     7.8.1 Company overview
                     7.8.2 Financial performance
                     7.8.3 Product benchmarking
                     7.8.4 Strategic initiatives

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain based sizing & forecasting
Fig. 6 QFD modelling for market share assessment
Fig. 7 U.S. Medical devices manufacturers market snapshot ( 2017)
Fig. 8 U.S. Medical device manufacturers market revenue, 2014 - 2025 (USD Billion)
Fig. 9 U.S. Medical devices manufacturers market segmentation
Fig. 10 U.S. Medical devices manufacturers market driver impact
Fig. 11 Global aging population demographics, 2015 & 2050
Fig. 12 U.S. Medical devices manufacturers market driver impact
Fig. 13 U.S. Medical devices manufacturers market restraint impact
Fig. 14 SWOT Analysis, By Factor (Political & legal Economic and technological)
Fig. 15 Porter's Five Forces Analysis
Fig. 16 U.S. Medical devices manufacturers market : type outlook and key takeaways
Fig. 17 U.S. Medical devices manufacturers market : Type movement analysis
Fig. 18 Diagnostic Imaging market estimates and forecast, 2014 - 2025 (USD Billion)
Fig. 19 Consumables market estimates and forecast, 2014 - 2025 (USD Billion)
Fig. 20 Patient Aids market estimates and forecast, 2014 - 2025 USD Billion
Fig. 21 Orthopedics market estimates and forecast, 2014 - 2025 (USD Billion)
Fig. 22 Others market estimates and forecast, 2014 - 2025 (USD Billion)