The Absolute Markets Insights has been monitoring the Medical Technology Market and it is poised to grow by $ 2324.34 bn during 2021-2030 progressing at a CAGR of 17.1% during the forecast period. The report on Medical Technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering various vendors.

Medical technology also called medtech aims at improving human life through a gamut of devices, treatments and services. Approval of medical technology products that can deal with the day to day challenges is anticipated to drive the total medical technology market. Closed-loop systems that automatically delivers insulin based on continuous monitoring of blood sugar and catheters that can be used as a substitute for defective heart valves are some instances that have improved the live of both patients and clinicians in the recent past and is expected to continue the same trend over the forecast years

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The report provides both, qualitative and quantitative research of the global medical technology market, as well as provides worthy insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in global medical technology market and detailed insights on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes its headquarter, competitors, product/service type, application and specification, pricing, and gross margin.

Key players operating in the medical technology market are Agfa-Gevaert Group, Ambu A/S, BD, bioMérieux SA, Boston Scientific Corporation, Coloplast Corp, Dentsply Sirona, Edwards Lifesciences Corporation, Essilor, General Electric Company, IBM Watson Health, Illumina, Inc., Institut Straumann AG, Intuitive Surgical, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Medtronic, Microsoft, Myriad Genetics, Inc., PathAI, inc., QIAGEN, Sanofi, Sartorius AG, Smith & Nephew, Sonova, Stryker, Thermo Fisher Scientific, Touch Surgery, Verily Life Sciences LLC, Zimmer Biomet. Additive Orthopedics, a medical technology company, created a custom 3D printed bone replacement. Boston Scientific Corporation’s MedSurg, will be launching Exalt-D Single-Use Duodenoscope, which will be duly used in ERCP procedures.

Medical Technology Market Segmentation:

By Component

  • Hardware
  • Software
  • Services

By Application

  • Diagnostic Imaging
  • In-Vitro Diagnostics
    • Class A
    • Class B
    • Class C
    • Class D
  • Orthopedics
  • Wound Management
  • Dental
  • Drug Delivery
  • Cardiology
  • General and plastic Surgery
  • Ophthalmic
  • Others

By Product Categories

  • Active implantable technology
    • Cardiac pacemakers
    • Neurostimulators
    • Others
  • Anesthetic respiratory technology
    • Oxygen mask
    • Gas delivery unit
    • Others
  • Dental Technology
    • Dentistry tools
    • Alloys
    • Others
  • Electromechanical medical technology
    • X-ray machine
    • Laser
    • Others
  • Hospital Hardware
  • In vitro diagnostics technology
    • Pregnancy Test
    • Genetic Test
    • Glucose Strip
    • Others
  • Non-active implantable technology
  • Ophthalmic and optical technology
    • Spectacles
    • Contact lenses
    • Intraocular lenses
    • Others
  • Reusable instruments
    • Surgical instruments
      • Anesthesia apparatuses
      • Blood transfusion devices
      • Catheters
      • Hypodermic needles
      • Others
    • Rigid endoscopes
    • Blood pressure cuffs
    • Stethoscopes
    • Others
  • Single use technology
  • Technical aids for disabled
    • Wheelchairs
    • Walking frames
  • Hearing aids
  • Diagnostic and therapeutic radiation technology
  • Complementary therapy devices
    • Acupuncture needles/devices
    • Bio-Energy mapping systems/software
    • Magnets
    • Moxibustion devices
    • Others
  • Biological-derived devices
  • Healthcare facility products and adaptations
  • Laboratory equipment
  • Others

By End User

  • Hospital
  • Clinics
  • Laboratory Institutes
  • Research Institutions
  • Healthcare Payers
  • Others

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