Global Medical Devices Market with Focus on Korea: Industry Analysis & Outlook (2017-2021)

1
Industry Research by Koncept Analytics
Global Medical Devices Market with Focus on
Korea Industry Analysis Outlook
------------------------------------
(2017-2021)
March 2017
2
Executive Summary
Medical device is an instrument, implant,
contrivance or a machine used in prevention,
diagnosis and treatment of illness, or detecting,
restoring or modifying the structure or function
of the body for health purpose. Medical devices
come with numerous varieties, ranging from simple
tongue depressors and bedpans to complex
programmable pacemakers with micro-chip
technology and laser surgical devices. Medical
devices also include in-vitro diagnostic products
such as reagents, test kits and lab equipments.
Electronic radiation emitting products like X-Ray
machines, diagnostic ultrasound machines and
medical lasers also come under the medical
devices segment. The Americas region is a major
contributor to the global medical device market
supported by technological innovation and higher
concentration of major medical devices and
manufacturing companies. The Americas region is
likely to experience further growth of medical
device market with technological advancements in
medical devices, growing cases of cardiovascular
diseases and rising adoption of medical implants.
Cardiology and In-vitro segments were
significant in the growth of medical device
market because of increased cases of heart
related diseases and increased need of lab
testing for diagnosis of diseases. The global
medical device market is expected to grow in
future due to increasing ageing population, obese
population, rise in health expenditure and rising
diabetic prevalence. Key trends of this market
include adoption of minimally invasive devices,
changing lifestyle, increasing awareness towards
diagnosis and treatment. However, there are some
factors which can hinder the market growth
including safety, quality security control and
changing regulations for safety control. The
report Global Medical Devices Market with Focus
on Korea Industry Analysis Outlook
(2017-2021) by Koncept Analytics provides an
extensive research and detailed analysis of the
present market along with future outlook. The
report discusses the major growth drivers and
challenges of the market, covering the Americas,
Asia-Pacific and Europe region along with the
global market. The report profiles the key
players of the market including Johnson
Johnson, Medtronic plc, Stryker and Siemens.
3
Growth of the global medical device market will
be driven by increased ageing and obese
population, rising diabetic prevalence and
changing lifestyle.
Global Medical Device Market Forecast by Value
(2016-2021)

• The global medical device market is expected to
  reach US.. billion in year 2021, increasing from
  US.. billion in the 2016, recording growth at an
  impressive CAGR of .. for the period spanning
  2016-2021.
• The global medical device market was dominated by
  In-vitro diagnostics segment with a share of ..,
  followed by cardiology segment holding a share of
  .. in year 2016.
• In year 2016, the Americas stood as the largest
  market for Medical device holding .. share
  followed by Asia-Pacific that held share.

Global Medical Device Market by Regions (2016)
Global Medical Device Market by Segment (2016)
4
Growth of regional market will be driven by
increased technological advancements in medical
devices, growing cases of cardiovascular
diseases, rising adoption of medical implants..
The Americas Medical Device Market Forecast by
Value (2016-2021)

• The Americas medical device market is expected to
  reach US.. billion in the year 2021, increasing
  from US.. billion in the 2016 fiscal year.
• In year 2021, Korean medical device market is
  expected to reach US.. million, increasing from
  US.. million in 2017, at a CAGR of ...
• In 2016, Asia held the highest share of .. of
  Korean medical device export market, followed by
  the Americas with .. share.

Korea Medical Device Export Market by Region
(2016)
Korea Medical Device Market Forecast by Value
(2017-2021)
5
Disclaimer
Contact Us
This is a licensed product of Koncept Analytics.
You cannot reproduce, publish, distribute,
publicly display, sell or create other works from
this report or use them in any way for commercial
purpose without our prior permission. Further,
you cannot copy this material, by any means
(including electronic copies), for distribution
to others unless you have purchased the corporate
license of this report. We believe the sources
are reliable, but Koncept Analytics does not
warranty the accuracy or completeness of the
data. The data presented in the report is updated
at the publication date but is subject to change
at subsequent releases. All possible efforts have
been made to ensure accuracy of data. However,
investors should not completely rely on the
information given in this report and must make
decisions based on their own investment strategy,
risk management and capital adequacy.
Koncept Analytics CS-36, First Floor, Ansal
Plaza Vaishali, Ghaziabad, U.P. 201010 T
91-120-4130959 M 91-9811715635
vikas_at_konceptanalytics.com
www.konceptanalytics.com