Industry Outlook:
A parent device is a finished device the performance of which is supplemented, supported and/or augmented by one or number of accessories. An accessory is a finished device that is developed for supplementing, supporting and/or augmenting performance of the parent device. Definitions as per FDA documentations. Medical Device & Accessories are manufactured under the set of guidelines by the Food & Drug Administration (FDA) that is to be followed by industries and also by FDA staff while testing. Use of Medical Device & Accessories is growing due to factors like; increasing number of cases various diseases, technical development in the field, rising aged population across the globe, increasing outcomes of medical procedures, rising investment by companies across the globe for R&D, rising awareness amongst the population about healthcare sector, etc. Therefore, the Medical Device & Accessories Market is anticipated to expand and has tremendous scope during the forecast period. The global Medical Device & Accessories Market anticipated to flourish in the future by growing at a significantly higher CAGR.
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Competitive Analysis, Key Player:
Danaher Corporation
General Electric Company
Koninklijke Philips n.v
Boston Scientific Corporation
Siemens AG
Stryker Corporation
Medtronic
Johnson & Johnson Services Inc.
Market Segmentation:
Medical Device & Accessories Market, By Types of Device
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Global Diabetes Monitors Market
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Coronary Pressure Monitors
Therapeutic Medical Guide
Regional Insights:
On a global front, the Medical Device & Accessories Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA). The North American region is leading the Medical Device & Accessories Market due to technical advancement, greater amount spending’s on healthcare sector & number of key players present in the region.
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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