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NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The medical devices market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market is highly competitive due to the presence of many regional and global vendors. These vendors offer a wide range of products. They have substantial manufacturing, financial, marketing, sales, and distribution resources. The vendors are making significant investments in R&D and have a wide geographical reach. Small and medium-sized vendors are focusing on expanding their businesses globally. Hence, the key vendors are facing intense competition from global and regional vendors that offer similar products at competitive prices. The competitive environment in the market is expected to intensify during the forecast period due to factors such as technological advances, the growing number of approvals of new products, and the increasing number of M&A and strategic collaborations.

The medical devices market size is expected to grow by USD 155.43 billion from 2021 to 2026. Technavio's latest report estimates that the growth momentum of the market will accelerate at a CAGR of 5.5% during the forecast period.

This report offers an up-to-date analysis of the current market scenario, the latest trends

and drivers, and the overall market environment. Read our FREE PDF Sample Report

Medical Devices Market 2022-2026: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the medical devices market include Abbott Laboratories, B. Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Canon Inc., Cardinal Health Inc, Danaher Corp., F. Hoffmann La Roche Ltd., Fresenius Medical Care AG and Co. KGaA, General Electric Co, Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Nihon Kohden Corp, Olympus Corp., Siemens AG, Smith and Nephew plc, Stryker Corp., and Zimmer Biomet Holdings Inc.

The report also covers the following areas:

• Medical Devices Market size
• Medical Devices Market trends
• Medical Devices Market industry analysis

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Medical Devices Market 2022-2026: Segmentation

• Product 
• Therapeutic And Surgical
• PMDMID
• Other Medical Devices
• Geography 
• North America
• Asia
• Europe
• Rest Of World (ROW)

Learn about the contribution of each segment summarized in concise infographics and

thorough descriptions. View a FREE PDF Sample Report

Medical Devices Market 2022-2026: Regional Analysis

North America will account for 42% of the market's growth during the forecast period. The growth of this region is attributed to factors such as favorable reimbursement policies. However, market growth in this region will be slower than the growth of the market in other regions. The US and Canada are the key countries for the medical devices market in North America.

Medical Devices Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist medical devices market growth during the next five years
• Estimation of the medical devices market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the medical devices market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of medical devices market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Therapeutic and surgical - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Therapeutic and surgical - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Therapeutic and surgical - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Therapeutic and surgical - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Therapeutic and surgical - Year-over-year growth 2021-2026 (%)

• 5.4 PMDMID - Market size and forecast 2021-2026
• Exhibit 32: Chart on PMDMID - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on PMDMID - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on PMDMID - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on PMDMID - Year-over-year growth 2021-2026 (%)

• 5.5 Other medical devices - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Other medical devices - Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Other medical devices - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Other medical devices - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Other medical devices - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product 
• Exhibit 40: Market opportunity by Product ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Asia - Market size and forecast 2021-2026
• Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026
• Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 B. Braun SE 
• Exhibit 89: B. Braun SE - Overview
• Exhibit 90: B. Braun SE - Business segments
• Exhibit 91: B. Braun SE - Key news
• Exhibit 92: B. Braun SE - Key offerings
• Exhibit 93: B. Braun SE - Segment focus

• 10.4 Becton Dickinson and Co. 
• Exhibit 94: Becton Dickinson and Co. - Overview
• Exhibit 95: Becton Dickinson and Co. - Business segments
• Exhibit 96: Becton Dickinson and Co. - Key news
• Exhibit 97: Becton Dickinson and Co. - Key offerings
• Exhibit 98: Becton Dickinson and Co. - Segment focus

• 10.5 F. Hoffmann La Roche Ltd. 
• Exhibit 99: F. Hoffmann La Roche Ltd. - Overview
• Exhibit 100: F. Hoffmann La Roche Ltd. - Business segments
• Exhibit 101: F. Hoffmann La Roche Ltd. - Key news
• Exhibit 102: F. Hoffmann La Roche Ltd. - Key offerings
• Exhibit 103: F. Hoffmann La Roche Ltd. - Segment focus

• 10.6 General Electric Co 
• Exhibit 104: General Electric Co - Overview
• Exhibit 105: General Electric Co - Business segments
• Exhibit 106: General Electric Co - Key news
• Exhibit 107: General Electric Co - Key offerings
• Exhibit 108: General Electric Co - Segment focus

• 10.7 Johnson and Johnson 
• Exhibit 109: Johnson and Johnson - Overview
• Exhibit 110: Johnson and Johnson - Business segments
• Exhibit 111: Johnson and Johnson - Key news
• Exhibit 112: Johnson and Johnson - Key offerings
• Exhibit 113: Johnson and Johnson - Segment focus

• 10.8 Koninklijke Philips NV 
• Exhibit 114: Koninklijke Philips NV - Overview
• Exhibit 115: Koninklijke Philips NV - Business segments
• Exhibit 116: Koninklijke Philips NV - Key news
• Exhibit 117: Koninklijke Philips NV - Key offerings
• Exhibit 118: Koninklijke Philips NV - Segment focus

• 10.9 Medtronic Plc 
• Exhibit 119: Medtronic Plc - Overview
• Exhibit 120: Medtronic Plc - Business segments
• Exhibit 121: Medtronic Plc - Key news
• Exhibit 122: Medtronic Plc - Key offerings
• Exhibit 123: Medtronic Plc - Segment focus

• 10.10 Siemens AG 
• Exhibit 124: Siemens AG - Overview
• Exhibit 125: Siemens AG - Business segments
• Exhibit 126: Siemens AG - Key news
• Exhibit 127: Siemens AG - Key offerings
• Exhibit 128: Siemens AG - Segment focus

• 10.11 Stryker Corp. 
• Exhibit 129: Stryker Corp. - Overview
• Exhibit 130: Stryker Corp. - Business segments
• Exhibit 131: Stryker Corp. - Key news
• Exhibit 132: Stryker Corp. - Key offerings
• Exhibit 133: Stryker Corp. - Segment focus

• 10.12 Zimmer Biomet Holdings Inc. 
• Exhibit 134: Zimmer Biomet Holdings Inc. - Overview
• Exhibit 135: Zimmer Biomet Holdings Inc. - Business segments
• Exhibit 136: Zimmer Biomet Holdings Inc. - Key news
• Exhibit 137: Zimmer Biomet Holdings Inc. - Key offerings
• Exhibit 138: Zimmer Biomet Holdings Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 139: Inclusions checklist
• Exhibit 140: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 141: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 142: Research methodology
• Exhibit 143: Validation techniques employed for market sizing
• Exhibit 144: Information sources

• 11.5 List of abbreviations 
• Exhibit 145: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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