In 2021, the worldwide medical devices market had a value of 536 billion U.S. dollars. By 2027, the market was forecast to reach over 773 billion U.S. dollars with a CAGR in this period of 6.16 percent.

This statistic depicts the projected percentage of global medical device revenue attributed to select major countries as of 2018. As of that year, some 39 percent of medical device sales worldwide will occur in the United States.

This dataset provides information on medical equipment licenses and is synchronized weekly with the pharmaceutical business management system to provide access for users such as doctors, pharmacists, medical personnel, operators, and the general public.

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• Wearable Medical Devices Market size is expected to be worth around USD 156.0 Billion by 2032.
• Growing at a CAGR of 16.60% during the forecast period from 2023 to 2032.

(Source: Market.us)

FDA Medical Device Product Data by Dataplex, featuring 24M rows of updated data, formatted in CSV. Covering 9 essential device data types, including recalls, premarket approvals, and enforcement actions, this product data is crucial for regulatory compliance, market analysis, and safety evaluation.

135 Global import shipment records of Medical Devices with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Between 2007 and 2021, the revenue generated by the medical devices industry worldwide boomed. In 2007 the sales of medical devices generated revenue of 258 billion euros, while by 2021 this figure reached 439 billion euros. Revenue from medical devices was forecast to grow even further in the following years, reaching 521 billion euros by 2024.

Global Medical Device Market Research Report Covers Industry Trends, Analysis and is Segmented by Type of Device (Respiratory Devices, Cardiology Devices, Orthopedic Devices, Diagnostic Imaging Devices (Radiology Devices), Endoscopy Devices, Ophthalmology Devices, and Other Devices) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).

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The medical devices market is expected to grow at a CAGR of 4% during the forecast period. This market growth can be attributed to various factors including Increasing prevalence of diseases, Increasing initiatives and awareness by public and private organizations, and Technological advances and new product launches.

The medical devices market report offers several other valuable insights such as:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive medical devices market growth during the next five years
Precise estimation of the medical devices market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the medical devices market industry across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of medical devices market vendors

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

This database contains a list of classified medical device recalls since November 1, 2002

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Medical Device Security Solutions Market Size 2024-2028

The medical device security solutions market size is forecast to increase by USD 2.62 billion at a CAGR of 11.96% between 2023 and 2028. In the dynamic landscape of medical technology, the security of medical device solutions has emerged as a critical concern. The integration of advanced technologies such as Proteomics and Genomics in healthcare has led to the proliferation of Connected Medical Devices (CMDs) and Internet of Medical Things (IoMT) devices. While these innovations offer numerous benefits, they also introduce new vulnerabilities, making cybersecurity a priority. Data breach incidents have become increasingly common, with cybercriminals exploiting weaknesses in software and outdated platforms. Ransomware attacks on healthcare organizations have become a significant threat, putting sensitive patient information at risk. To mitigate these challenges, a strong cybersecurity strategy is essential. Market trends indicate a growing focus on securing medical devices, with an increasing number of organizations adopting advanced security solutions. Despite these efforts, the use of outdated platforms in the healthcare industry persists, leaving many devices vulnerable to cyber threats. To stay ahead, stakeholders must remain vigilant and invest in the latest cybersecurity technologies and best practices.

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Medical devices, including pacemakers, insulin pumps, and other implanted and wearable gadgets, have become increasingly integrated with the internet and hospital networks. While these advancements bring numerous benefits, they also expose sensitive data and medical equipment to cyber-attacks. Cyber threats to medical devices can lead to illegal access control, compromising patient privacy and potentially endangering lives. Sensitive data transmitted wirelessly between medical facilities, IoT technologies, and computing power can be intercepted, leading to data breaches and unauthorized access. The internet and cell phone connectivity in healthcare settings further expand the attack surface.

Similarly, cybercriminals can exploit vulnerabilities in these devices and networks, causing disruptions, data theft, and even manipulating medical device functionality. To counteract these threats, new technologies and cyber-secure measures are being adopted to protect medical devices and the data they generate. These advancements include Iot technologies, data analytics techniques, and big data solutions. Data analytics techniques and big data can help medical facilities identify and respond to cyber threats in real-time. By analyzing patterns and anomalies in medical device data, healthcare providers can detect and mitigate potential attacks before they cause harm. Proteomics and genomics data, which are increasingly being used in personalized medicine, also require strong security measures.

Moreover, ensuring the cyber security of these data types is crucial for maintaining patient privacy and confidentiality. Incorporating cyber security into medical device design is essential. This includes implementing secure access control mechanisms, encrypting data transmission, and regularly updating software and firmware to address vulnerabilities. Wireless technologies used in medical devices must also be secured to prevent unauthorized access and data interception. Encryption, authentication, and secure communication protocols are essential for maintaining the security of wireless medical devices. As medical devices become more interconnected and data-driven, the importance of cyber security in healthcare settings will only continue to grow. By implementing advanced security solutions, healthcare providers can protect patient data, ensure the integrity of medical devices, and maintain the trust of their patients.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Device

  Wearable and external medical devices
  Hospital medical devices
  Internally embedded medical devices


End-user

  Healthcare providers
  Medical devices manufacturers
  Healthcare payers


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Device Insights

The wearable and external medical devices segment is estimated to witness significant growth during the forecast period. In recent years, the healthcare industry has experienced significant transformation, integrating the Internet of Things (IoT) and advanced medical devices into the system. This shift towards decentralized care, from hospitals to homes, has led to the centralization of patient data in cloud-based hospital system

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Factors such as increasing prevalence of diseases will further boost the sales of medical devices during the forecast period 2020-2024.

The medical devices market report also provides several other key information including:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive medical devices market growth during the next five years
Precise estimation of the medical devices market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the medical devices market industry across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of medical devices market vendors

[207+ Pages Report] The global Medical Device Security Market size was valued at USD 725.10 million in 2021 and is estimated to reach USD 1,493.66 million by 2028, at a CAGR value of 12.80% from 2022 to 2028.

Access the summary of the Medical Devices market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

Access the summary of the Software As A Medical Device market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

According to Cognitive Market Research, the global Medical Device Connectivity market size will be USD 2.80 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 20.73% from 2024 to 2031. Market Dynamics of Medical Device Connectivity Market Key Drivers for Medical Device Connectivity Market Rising Internet of Things (IoT) Integration- The integration of medical devices into IoT ecosystems drives connectivity growth by enabling real-time data transmission, remote monitoring, and seamless interoperability across healthcare systems. IoT connectivity enhances patient care through continuous monitoring and predictive analytics, improving treatment outcomes and operational efficiencies in hospitals and clinics. The increasing demand for remote patient monitoring and healthcare delivery solutions is anticipated to drive the Medical Device Connectivity market's expansion in the years ahead. Key Restraints for Medical Device Connectivity Market Compatibility issues hinder seamless integration among diverse medical devices in the Medical Device Connectivity industry growth. Stringent regulations limit data sharing and connectivity expansion related to data security and privacy impact market growth. Introduction of the Medical Device Connectivity Market Medical Device Connectivity includes the increasing adoption of electronic health records (EHRs) and healthcare information systems (HIS), which necessitate seamless integration with medical devices for real-time data exchange and interoperability. This integration enhances clinical workflow efficiency, patient monitoring capabilities, and data-driven decision-making in healthcare settings. Additionally, the rise of telemedicine and remote patient monitoring fuels demand for connected medical devices that facilitate remote diagnostics and patient care, especially in managing chronic conditions and improving healthcare access. Regulatory initiatives promoting interoperability standards and data security further stimulate market growth by encouraging healthcare providers to invest in connectivity solutions that ensure patient safety and compliance with healthcare regulations.

In 2021, the AI and machine learning medical device market was valued at around 3.1 billion U.S. dollars globally. By 2032, the market was forecast to increase to a value of 35.5 billion U.S. dollars.

Access the summary of the Medical Device Contract Manufacturing market report, featuring key insights, executive summary, market size, CAGR, growth rate, and future outlook.

The Medical Device Cleaning Market estimated size and share is projected to exceed USD 69.04 Billion by 2034, with a forecasted CAGR of 10.4% during the period.