Medical
equipment devices are designed to aid diagnosis, monitoring or treatment of
medical conditions.
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More: https://www.thebusinessresearchcompany.com/report/medical-equipment-global-market-report-2018
The market
is valued at nearly $375 billion in 2017 due to the economic growth,
technological advancements and changes in lifestyle.
In the
report, the global medical equipment market is divided into fifteen segments. In-vitro diagnostics was the largest
segment in the medical equipment market with nearly 16% share and cardiovascular devices was the second largest segment in the
medical equipment market with 15% share and the remaining 70% was occupied by
the other thirteen segments namely, diagnostic equipment, orthopedic devices,
hospital supplies, ophthalmic devices, nephrology and urology devices, patient
monitoring devices, dental equipment and supplies, wound care devices, diabetes
care devices, surgical equipment, ENT devices, anesthesia and respiratory
devices and neurology devices.
The USA
was the largest country in the medical equipment market in 2017, accounting for
nearly one-fifth market share. China and Japan followed the USA as the next
largest countries in the market.
The medical equipment market is
fragmented with a number of large and small organizations. The top five competitors
in the market made up about 29% of the total market in 2017. Medtronic plc was the largest competitor of the
market, followed by Johnson & Johnson Inc., Philips Healthcare, GE
Healthcare and Siemens Healthcare. Medtronic was founded in 1949 and is
headquartered at Minnesota, USA. It
develops and manufactures medical technology devices, device-based medical
therapies & provides services and markets products.
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