Medical equipment devices are designed to aid diagnosis, monitoring or treatment of medical conditions.
The top five companies covered are Medtronic plc, Johnson & Johnson Inc., Philips Healthcare, GE Healthcare and Siemens Healthcare. Medtronic Plc was the largest company in the medical equipment market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global medical equipment market was valued at around $373 billion in 2017. Asia Pacific was the largest region in the medical equipment market in 2017, accounting for 33% market share. The USA was the largest country in the market in 2017, accounting for around 22% market share.
Use of medical devices for the home based diagnosis and treatment of medical conditions is increasing. Technological developments in devices such as glucose monitors, insulin delivery devices, nebulizers and oxygen concentrators have enabled diagnosis and monitoring of many diseases at home. Remote control technology is also allowing healthcare professionals to support home based treatments which is leading to preference for home and self-care treatment.
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