The total capacity of the global medical device market will reach 529.8 billion US dollars in 2015-2022

EvaluateMedTech, a well-known consulting firm Evaluate, recently released a summary of the medical device industry in 2016 and its outlook for 2022. The report says that the compound annual growth rate of the medical device market in 2015-2022 is expected to be about 5.2%, globally in 2022. The total medical device market will reach $529.8 billion.

Top ten fields

In the field of medical device sales, in vitro diagnosis will still be the largest, predicting that the market share will reach 70.8 billion US dollars in 2022, accounting for 13% of the total medical device market. Among them, Roche will still be the leader in in vitro diagnostics, with sales of $22.8 billion in 2022. Second only to in vitro diagnosis is the cardiovascular aspect, which is predicted to exceed $60 billion in the global market in 2022. The undisputed boss in this regard is Medtronic, whose sales will reach $14.1 billion. The equipment market for endoscopy has grown rapidly, with a compound growth rate of 6.8% predicted for the next few years.

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