Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the indicator reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Medical Devices, which has the highest value of 673.12 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
Definition: The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.
Structure: The Medical Technology market consists of two markets, In Vitro Diagnostics (IVD) and Medical Devices. The IVD market covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices market covers a broad range of products which are further marketed into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.
Additional information: Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Medtronic, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers. Further information on the key players can be found in the Market Shares boxes.
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Statista Market Insights. (May 23, 2024). Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars)." Chart. May 23, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights. (2024). Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in The Medical Technology Market for Different Segments Worldwide from 2017 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 May 2024, https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights, Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide (last visited September 01, 2024)
Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, May 23, 2024. [Online]. Available: https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide