DescriptionReport Scope:The key objectives of this study are to — Review the medical device innovation process. This includes — The generation of new ideas.- Advocacy and idea screening.- Experimentation and trial process.- Commercialization.- Diffusion and implementation of innovation.- Review medical device innovations by clinical specialty.- Review major new medical device technological advances, developments and innovations. This includes:- Surgical robotic systems.- Mobility and cloud access.- Nuclear medicine imaging devices.- 4k ultra-high definition medical imaging technologies.- Telemedicine.- Augmented, virtual and mixed reality devices.- 3D printing technologies.- The advent of artificial intelligence (AI) in healthcare.- Wearable medical device technologies and the Internet of Things (IoT).- Radio frequency wireless technologies.- Bio-printing (artificial organs).- Clustered regularly interspaced short palindromic repeats (CRISPR).
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– Bluetooth-enabled medical devices.
Examine the commercial implications of the market introduction of new medical devices. This includes undertaking the following — Review the range of joint ventures, collaborations, licenses and research agreements currently focused on new medical device technologies.- Review of the regulatory requirements, intellectual property protection, patents and trademark process.- Review the impact that the new and improved technologies will have on the market dynamics by geographic region.- Survey the key players involved in the development of new and innovative medical device technologies together with major improvements to existing technologies and provide company profiles.By purchasing this study, the reader will gain — An improved understanding of the current state and future of new and emerging innovative medical device technologies.- The latest information on the leading companies engaged in developing new and improving existing medical device technologies, a review of the status of their intellectual property and product pipelines, and insight into their proprietary technologies.
– An understanding of the impact that these new products and technologies will have on the growth and development of the medical market.- An appreciation of how these new medical devices will affect the provision of healthcare, how they will provide clinicians with new methods to treat existing conditions and how these technologies will improve clinical outcomes for patients.
– An awareness of the implication that these new medical device technologies will have on the regulatory and legislative approval process. This will be essential for maintaining compliance in the changing regulatory environment, as well as for promoting commercial competitiveness and facilitating early access to innovative medical device technologies.
– A knowledge of intellectual property protection through patents and trademarks.- An appreciation of the barriers to innovation in the field of medical devices and how to overcome them.The analysis includes the use of charts and graphs measuring product growth and trends within the marketplace. Company-specific information, including sales figures, product pipeline status and RandD trends, is provided throughout the report.
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Report Includes:- 51 data tables and 44 additional tables- An overview of latest innovations in medical device technologies within the healthcare industry- Analyses of the global market trends with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023- Review of emerging medical device innovations by clinical specialty such as trauma and orthopedics- Insight into the government regulations, pricing structure, performance monitoring, and pricing pressure (healthcare initiatives) in the U.S. and Europe- Discussion of the importance of medical device regulation and regulatory bodies, protection of intellectual property rights, and barriers to medical device innovation- Profiles of major companies of the industry, including Abbott Laboratories, Boston Scientific Corp., General Electric Co., Johnson and Johnson and Paradromics Inc.
SummaryIt has been estimated that the global market for medical devices, as defined by the FDA classification of medical devices, was valued at REDACTED in 2017 and REDACTED in 2018. By the end of theforecast period in 2023, it is predicted that the global market will have increased in value to REDACTED, rising at a CAGR of REDACTED.Analysis revealed that the fastest-growing medical device market segment is neurology with a predicted CAGR of REDACTED, while orthopedic is set to see the slowest growth, with a predicted CAGR of REDACTED over the forecast period. These differences represent and reflect the different stages in the life cycle of each ofthese products.
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Companies Mentioned:ABBOTT LABORATORIESABIOMED INC.AUTONOMIC TECHNOLOGIES INC.AXONICS MODULATION TECHNOLOGIESB. BRAUN MELSUNGEN AGBECKMAN COULTER (PART OF DANAHER)BECTON, DICKINSON AND CO.BIODAN GROUPBIOSENSE WEBSTER (JOHNSON andJOHNSON)BOSTON SCIENTIFIC CORP.BRAINSCOPE CO. INC.CLICK DIAGNOTICS INC.CMR SURGICAL LTD. (FORMERLY CAMBRIDGE MEDICAL ROBOTICS)DAY ZERO DIAGNOSTICSEDWARDS LIFESCIENCESFARAPULSE INC (FORMERLY IOWA APPROACH)GECKO BIOMEDICAL SASGENERAL ELECTRIC CO.IMPULSE DYNAMICS (USA) INC.INSIGHTEC LTD.INTUITIVE SURGICAL INC.IRRASJOHNSON and JOHNSONKONING CORP.MEDINEERING GMBHMEDTRONIC INC.METAVENTIONNEURAL ANALYTICSOLYMPUS CORP.OSSDSIGN ABOWLSTONE MEDICALOXULAR LTD. (FORMERLY PRECISON OCULAR LTD.)PARADROMICSPHILIPS HEALTHCAREPIXIUM VISION S.A.PORTAL INSTRUMENTS INC.PRELLIS BIOLOGICSQ3 MEDICAL DEVICES LTD.ROCHE (FORMERLY HOFFMANN-LA ROCHE LTD.)SIEMENS AGSTRYKER CORP.TAL MEDICALTELEFLEXTERUMO CORP.THERMO FISHER SCIENTIFICTOSHIBA MEDICAL SYSTEMS CORP. (CANON MEDICAL SYSTEMS)TRANSENTERIX INC.ZIMMER BIOMETTable of ContentsChapter 1 IntroductionScope of the ReportMethodology and Information SourcesPrimary Data and Information GatheringSecondary Data and Information GatheringMarket Revenue ForecastsAnalyst’s CredentialsBCC Custom ResearchRelated BCC Research ReportsChapter 2 Summary and HighlightsGlobal Medical Device MarketChapter 3 Introduction to Medical Device Products and Product InnovationBackground and Definitions: Medical DevicesUses of Various DevicesEvolutionTypesBackground and Definitions: Innovation in Medical DevicesStakeholders Involved in the Innovative ProcessThe Medical Device IndustryPatent Applications Filed in the Medical Device Technology IndustryThe Cost of Medical Device InnovationCurrent Trends in the Medical Device Technology IndustryNotable Trends in the Medical Device Technology IndustryImportance of Innovation in the Medical Device IndustryChallenges Facing the SectorPublic Health SystemsBalancing Patient Needs and Financial SustainabilityCompetitiveness and InnovationMarket DynamicsDriversRestraintsOpportunitiesStrategiesDistribution NetworkAsia-PacificUnited StatesEuropeIndiaChinaOthersTrendsChinaEuropeNew Products and TechnologiesNew MaterialsRefurbished and Replacement MarketMergers and AcquisitionsRecommendationsChapter 4 The Global Medical Device MarketIntroductionGlobal Medical Device MarketRegional OverviewNorth American Medical Device MarketEuropean Medical Device MarketAsia-Pacific Medical Device MarketLatin AmericaContinued….
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