Medical technology is a collective term for software solutions, medical
devices, imaging and diagnostic equipment used to ensure good health. The
Global Medical Technologies market covers active implantable technology,
hospital hardware, anaesthetic and respiratory technology, In vitro diagnostics
technology, dental technology, electromechanical medical technology, technical
aids for disabled, reusable instruments, non-active implantable technology,
ophthalmic and optical technology, single-use technology, laboratory equipment,
complementary therapy devices, diagnostic and therapeutic radiation technology,
healthcare facility products and adaptations and biological-derived devices.
Analysts forecast the Global Medical
Technologies market will grow at a CAGR
of 4.38 percent over the period 2014-2018.
The Report recognizes the following companies as the key players in the
Global Medical Technologies Market: GE Healthcare, Johnson & Johnson,
Medtronic Inc., Roche Diagnostics and Siemens Healthcare Diagnostics Inc.
Other Prominent Vendors in the market are: Alere , B. Braun Melsungen ,
Baxter International , Becton, Dickinson , Boston Scientific, Danaher , Edwards
Lifesciences, Essilor International, Getinge ,Hoya, NIDEK , Novartis , NuVasive
, Koninklijke Philips ,Sanofi , Shimadzu , Smith & Nephew, St. Jude Medical
, Stryker , Sysmex , Terumo , The Cooper Companies, Thermo Fisher Scientific,
TOPCON, Toshiba, Zimmer Holdings
One of the emerging trends in this market is the emergence of
user-friendly technologies. These technologies reduce the number of hospital
visits and help in close monitoring of patient’s physiological parameters.
This report covers the present scenario and the growth prospects of the
Global Medical Technologies market for the period 2014-2018. To calculate the
market size, the report considers revenue from the sales of preventive,
diagnostic, treatment, alleviating, monitoring technologies; healthcare
software and in vitro diagnostics used in diseased, injured or handicapped
people. The report covers technologies for investigation, replacement or
modification of anatomy and physiology such as Left Ventricular Assist Devices,
robotic-assisted surgery, diagnostic imaging services, cervical disc
replacements, Transcatheter Valve Replacements, intraocular lenses, renal
denervation, mobile health and molecular diagnostics. The scope of this report
excludes contract manufacturing organizations, contract research organizations
and technologies which primarily act by exerting metabolic, immunological or
pharmacological actions.
The report also presents the vendor landscape and a corresponding
detailed analysis of the top vendors in the Global Medical Technologies market.
In addition, it discusses the major drivers that influence the growth of the
market. It also outlines the challenges faced by the vendors and the market at
large, as well as the key trends that are emerging in the market.
Global Medical Technologies Market 2014-2018, has been prepared based on
an in-depth market analysis with inputs from industry experts. The report
covers the Americas, and the EMEA and APAC regions; it also covers the Global
Medical Technologies market landscape and its growth prospects in the coming
years. The report also includes a discussion of the key vendors operating in
this market.
According to the report, the Global Medical Technologies market is driven
by several factors, of which the increase in the aging population is one of the
major drivers. Elderly people require frequent monitoring and are more
susceptible to debilitating diseases.
Further, the report states that one of the main challenges is the
increase in pricing pressure. Low budget allocation for medical technologies
has increased the pricing pressure on technology vendors. This, in turn, might
decrease the market share of key vendors.
