Our Medical Devices Market Research report includes detailed research on new and emerging medical devices in the healthcare segment. Due to changing lifestyle and work pressure there has been a ramp up in the number of people suffering from chronic vascular and heart diseases. Medical devices market finds bright opportunity in this scenario. With the growing need for better exploratory techniques, the companies are engaged in bringing in new medical devices in the market. This market is one of the mushrooming markets in the healthcare domain and is expected to be a billion dollar space with $27.1 billion in next five years.
In our Medical Devices Market Research reports we are majorly focusing on the niche devices such as X-rays, Radiology and MRI systems which are expected to grow exponentially between 2014 and 2020, driving medical devices market share. In addition, there is a booming market for continuous glucose monitoring devices with the growth in the number of patients suffering from diabetes. In response to this the major player in the league are pressing on to bring in more advanced CGM device to bridge the short comings of the existing CGM device. With an expected compounded annual growth rate of 14.8%, CGM market has a bright future.
Not only these segments but the market devices growth is also largely governed by growth in cardiology surgical & Interventional cardiology devices market which is likely to grow at a faster rate between 2014 and 2020. North America is a key area holding 27% of the market share in this segment and with the growing number of heart patients in North America, the medical devices growth trends are expected to strengthen in the coming days. On the other hand, medical robotics is also gaining much attraction these days due to accurate results and fine surgeries. This market is sailing at a CAGR of 12.6% and is likely to gain good attention with further technological advancement.