What is the size of the medical device market?

The U.S. medical device manufacturers market is estimated at USD 176.7 billion in 2020 and is expected to reach USD 186.5 billion in 2021.

Which of the following region of the world possesses the highest global market share of medical devices?

Going forward, the diagnostics centers segment is expected to be the fastest growing segment in the medical devices market segmented by end-user, at a CAGR of 9.2\% during 2020-2025. North America was the largest region in the global medical devices market, accounting for 39.7\% of the total in 2020.

What is the medical device market for us?

The medical devices market size in North America stood at USD 168.76 billion in 2020.

How do you market a medical device?

6 Proven Strategies for Marketing Your Medical Device

1. Understand your audience.
2. Understand the problem.
3. Build your go-to-market strategy to meet the customer along the buyer’s journey.
4. Message around the value to the customer.
5. The web is a crucial tool.
6. Build trust with consistency.

What is medical device market research?

Medical devices are the devices, equipments, instruments used in medical industries by professional surgeons, medical assistants and doctors for healthcare of patients. Companies in this industry manufacture medical devices, surgical equipments and appliances.

What do medical device distributors do?

As a distributor, we get to choose the products that we sell. We know our market and we know our customer’s needs, so we will only sell those products we believe will best meet the needs of our customers. Distributors can grow an innovative and diverse product range.

How much is the medical device industry worth?

The global medical devices market in 2020 was valued at $456.9 billion, which is an increase at a compounded annual growth rate (CAGR) of 4.4\% since 2015.