Global
demand for medical devices is forecast to expand 6.2% p.a. between 2014 and
2018. China, Germany, Greece, Japan, and the United States are considered the
highest potential markets in the coming years.
According to recently published research
conducted by a leading international market research company, Global Research
& Data Services, the expansion of the global medical device industry is
forecast to reach 6.2% p.a. in the coming years. Between 2007 and 2013 the
market increased with an average annual growth of 7.0%. Currently, electro-diagnostic
devices account for 12.7 % of the global demand while the remaining market
share is divided between orthopaedic and fracture devices (7.9%), X-ray devices
(3.8%), therapeutic respiration devices (3.4%), syringes and needles (3.4%),
pacemakers (2.7%), dental devices and instruments (2.4%), medical furniture
(2.2%), mechano-therapy and psychological aptitude-test devices (2.2%),
ophthalmic devices and instruments (2.2%), computed tomography devices (2.2%),
hearing aids (1.8%), dental fittings (1.4%), parts and accessories for medical
devices (4.4%), and other medical devices (47.3%).
China, Germany, Italy, Japan, and the United States represent the largest medical device markets while the strongest annual growth is forecast to occur in Greece (14.8%), Macedonia (12.4%), Sri Lanka (12.3%), Kazakhstan (11.7%), and Bolivia (11.1%).
Get
‘Medical Device Markets in the World to 2018 - Market Size, Trends, and
Forecasts’ report at:
Medical device market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential medical device markets in the coming years are:
Ranking Country Market Potential Rate
1. United States 0.86
2. China 0.24
3. Germany 0.22
4. Greece 0.15
5. Japan 0.13
6. Macedonia 0.12
7. Sri Lanka 0.12
8. India 0.12
9. Kazakhstan 0.12
10. Bolivia 0.11
11. Morocco 0.11
12. Iran 0.11
13. Thailand 0.11
14. Italy 0.10
15. Egypt 0.09
16. Chile 0.09
17. Ecuador 0.09
18. Moldova 0.09
19. Indonesia 0.08
20. Lithuania 0.08
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
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Data Services publisher at:
The product segments analyzed in the data reports include:
Electro-cardiographs
Magnetic resonance imaging devices
Scintigraphic devices
Ultrasonic scanning devices
Other electro-diagnostic devices
and gas masks
Mechano-therapy and psychological aptitude-test devices
Therapeutic respiration devices
Ophthalmic devices and instruments
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