Medical devices market is amongst the most lucrative investment market over the forecasted period, the entire sector is anticipated to reach $400 billion in fiscal year 2017-18. New technological innovations, prevalence of chronic illness and aging population are the prime reasons for the investment in the sector. Technology innovations in areas of robot assisted surgery, virtual & augmented reality, Internet of things, will be the key trends in industry. At Occam’s our reports provide, in depth analysis of niche markets in medical devices sector. Our reports provide strategic analysis for each market, complete with pricing analysis, see-saw analysis, 360 degree analysis and consumer analysis. Since 2014 life science research expenditure specifically in the areas of biomedical engineering, nanotechnology, and healthcare has increased significantly (by 7% per annum). Our reports provide a snapshot on current research trends of niche markets for medical device sector. Our decision support database is carried out via primary and secondary research. With research being the main area for investments, companies are collaborating with universities and research institutions for research. Our reports provide patent analysis and changes within regulatory policies that can impact future research trends in industry.
In our Medical Devices Market Research reports we are majorly focusing on the niche devices such as X-rays, Radiology and MRI systems which are expected to grow exponentially between 2014 and 2020, driving medical devices market share. In addition, there is a booming market for continuous glucose monitoring devices with the growth in the number of patients suffering from diabetes. In response to this the major player in the league are pressing on to bring in more advanced CGM device to bridge the short comings of the existing CGM device. With an expected compounded annual growth rate of 14.8%, CGM market has a bright future.
Prevalence of cardiac diseases, diabetes and asthma is projected to touch over one billion people by 2022, an area for medical devices sector growth. In last three months our analysts focused in niche markets like cardiology surgical & Interventional cardiology devices market and global reprocessed medical devices market both are likely to grow at a significant rate between 2016 and 2023. Our reports in medical device sub domain provides extensive analysis covering the prevelance and incidence rates of these disease across each region. Moreover, considering the importance of government regulations for the medical device industry each of our report provides impact analysis of government regulatiobs across the world.
Medical devices market reports are mainly focused on markets of North America, Europe, Asia Pacific, Latin America, Middle East & North Africa and Africa. Our reports provide complete industry based application research for each region. Occam’s reports provide regional adoption scenarios, opportunity matrix, top products and trends within a given region. Extensive focus on emerging countries such as India and China which are expected to grow at approximately 15% CAGR through 2023. The industry has witnessed strategic changes in developing regions with development in technology and cost effective solutions. Moreover, rapid growth in medical tourism is setting new trends in Medical devices industry in developing regions. Our medical device reports provide detailed analysis across all these trends and also provide the future impact of these trends.
The medical device sector has witnessed number of mergers and acquisitions in the last two years with around 153 device market mergers and acquisitions from 2015 to early 2016. Our reports on medical devices is keenly analysing the competitive structure of the industry with detailed analysis of more than top 15 companies in the industry. Moreover, strategic analysis of each country will aid to a deeper insight of competition in the industry. Our medical device portfolio offers research reports on emerging markets such as Global CGMS market, Global Medical Aesthetics Market, Global medical device connectivity market, global intrapartum device market, global reprocessed medical devices market and global auto-injectors market, global dental implants and prosthetics market.
Our reports provide analysis of patents, regulatory policies and pricing trends, thus effectively tracking the dynamicity of the industry. Extensive primary and secondary research have been conducted across various end user segments such as hospitals, clinics and research centers. Some of the major sources of data include Medical Device Manufacturers Association (MDMA), International Medical Device Regulators Forum, Association of Medical device industry, WHO, and other medical institutes. We keep up a regular eye on the latest industry trends in order to offer a valuable product to our customers.
