MedTech

MedTech vertical focuses on technologies that are transforming the healthcare ecosystem. This vertical encapsulates medical devices, products, instruments, machines, implants, and aids that are used to diagnose, monitor, treat, and prevent occurrence of diseases, mimic organ/function, and are usually governed/ certified for use /regulated by bodies such as U.S. FDA, European Medicines Agency.

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MedTech

Top Market Research Reports:

The global bioelectric medicine industry analysis by BIS Research projects the market to grow at a significant CAGR of 6.41% during the forecast period, 2019-2025. The bioelectric medicine market generated $18,636.4 million revenue in 2018.

Radiation Therapy Quality Assurance Phantoms Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 4.59% during the forecast period 2019-2024.

The advanced prosthetics and exoskeleton market was valued to be $2.11 Billion in 2018 and is estimated to reach a market value of $XX Billion by 2024 at a CAGR of 10.42% from 2019 to 2024.

The global radiation dose management industry analysis by BIS Research projects the market to grow at a significant CAGR of 12.22% during the forecast period, 2019-2025. The radiation dose management market generated $217.9 million revenue in 2018.

The global advanced wound care market, by products, was valued to be $8,904.6 million in 2018 and is estimated to reach a market value of $11,059.3 million by 2024 at a CAGR of 3.62% from 2019 to 2024.

The Global Spinal Fusion Devices Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 5.40% during the forecast period of 2019 to 2028.

The global ventricular assist devices and artificial heart systems market was estimated at $2.20 billion in 2018 and is anticipated to reach $2.69 billion by 2023.

The global hearing aids market was estimated at $8.37 billion in 2018 and is anticipated to reach $16.34 billion by 2028.

The global neurostimulation devices market has been witnessing annual growth rate of approximately 13.14% in past three years (2015-2018), and the market is expected to continue to grow with the CAGR of 9.23% during the forecast period, 2019-2024.

The global phototherapy devices market was valued at approximately $682.3 million in 2018 and is anticipated to reach $1.07 billion by 2028.

The global artificial organs market was estimated at $1.6 billion in 2017 and is anticipated to reach $5.37 billion by 2023.

As of 2017, the global joint reconstruction market was estimated to be $16.82 billion and is expected to reach a value of $26.81 billion by the end of 2025, growing with a double digit CAGR during the forecast period.

The global ambulatory device market is expected to reach $17.55 billion by 2028.With the increasing demand for the technological advancements across various segments of the ambulatory devices, the ambulatory device market is expected to witness rapid growth in the future.

The global orthodontics market is expected to reach $7.47 billion by 2025. Increasing demand for treatment aesthetics and cosmetic concerns is driving the market.

The global radiofrequency-based devices market for lower back pain is expected to reach $444.4 million by 2026.

The bioprinters acquired the highest market value in 2016, growing at the CAGR of 13.8% during the forecast period 2018-2025. However, software solutions are growing at the highest CAGR of 18.4%.

The global medical lighting technologies market is expected to account for $2.76 billion by 2026. Furthermore, as per the installation volume data, the total installation of surgical lighting systems is expected to grow at the CAGR of 5.2% during the forecast period, 2018-2025.

The global Orthopedics devices market is expected to reach $61 billion by 2023. A growing geriatric population and increasing demand for non-invasive treatments are boosting the market growth.

The global pacemakers and ICDs market are expected to grow at a CAGR of 4.6% and 4.8% from 2017 to 2023. The factors includes revenue growth by dual chamber ICDs and Leadless Pacemakers as well as MRI Compatible ICD devices.

The global Wound Cleansers Product market is growing at a CAGR of 5.4%. On the basis of wound type, the market has been segmented into acute wounds, non-acute surgical wounds, chronic wounds and others.

The global incidence rate of jet-lag is still unknown, but it impacts a high percentage of approximately 30 million plus jet travelers who leave the U.S. yearly for destinations that cross five or more time zones. Globally, jet lag affects more than 100 million people annually.

The global advanced wound care market is expected to reach $10,940.7 million in 2022, growing at a CAGR of 5.0% from 2016 to 2022. Advanced wound care dressings accounted for the largest market share of the advanced wound care technology market in 2015.

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