Medical Device & Accessories Market Research Report - Global Forecast till 2027

Global Medical Device & Accessories Market: Information by Type of Device (Cardiovascular Application, Coronary Pressure Monitors, Catheters, Therapeutic Medical Guide, Dental Implant, Cochlear Implant, Nerve Stimulator, Diabetes Monitors and Suture Needles) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027

ID: MRFR/MED/4020-CR | July 2019 | Region: Global | 87 pages

Impact of COVID-19 on the Global Medical Device & Accessories Market


Whether it is ventilators needed in an emergency and intensive care facilities, personal protective equipment (PPE), or in-vitro diagnostic (IVD) kits to detect viruses, the medical device market is in the center of efforts to fight the COVID-19 outbreak. It has become imperious for medical device manufacturing companies to be able to handle the sudden increase in demand for equipment and perform further research. Moreover, the COVID-19 pandemic is increasing the demand for medical services, causing upward modifications to the global healthcare expenditure forecasts. Every country is countering the outbreak in different manners due to different in healthcare systems, government response, and cultural norms, including propensity to self-isolate.


Furthermore, PPE includes medical equipment such as masks, gloves, protective goggles, and protective clothing. Products that fall under this category require lengthy conformity valuation before their medical device market entry. In an attempt to adapt the supply of these products to the rising market demand, the EU has now sought to simplify the market entry process for PPE providers to a substantial extent. They have also requested market surveillance authorities and notified bodies to take all available measures to provide immediate access to PPE and medical devices for healthcare professionals during the prevailing healthcare crisis. As such, medical device companies in Germany must carefully assess and organize with the competent supervisory establishments and notified bodies to regulate whether their products are eligible for healthcare market access facilitation in line with the commission’s recommendation.


Moreover, on 25th March 2020, the European Commission declared that it intended to postpone the Medical Device Regulation (MDR) application date for one year from May 2020 to May 2021. The decision was taken with patient health and safety as a guiding principle. This decision relieved the pressure on national authorities, including notified bodies and manufacturers, allowing them to focus on crucial priorities relating to fighting the COVID-19 pandemic.


Furthermore, the notified bodies such as organizations that have been established by an EU member state to ensure that certain products confirm with the necessary technical requirements before they are sold in the EU market have already closed or limited their activities. Authorities have been affected similarly as there are no longer on-site audits. Companies and production sites must adapt to the pandemic as suppliers are shutting down production or are incapable of manufacturing enough products to meet the increasing demand for medical devices and related accessories.


The COVID-19 outbreak has also affected preparations for the upcoming EU medical device regulations as scientists and engineers that were working on the new MDR framework are switching to COVID-19-related research. Many research institutions and industry are building up additional research and production capacities to meet the increasing demands due to COVID-19.


Hence, to meet the high demand for medical devices in the EU, the European Commission has, through its EU Regulation of 14th March 2020, temporarily made the export of certain products subject to authorization. An export authorization is approved only in individual cases. These newly introduced export limitations are difficult for companies that are contracted to supply products covered by this regulation to third countries. Exports of medical protective equipment from the EU to the European Free Trade Association states such as Switzerland, Liechtenstein, Norway, and Iceland are exempted from the export authorization requirements. Companies must consider applying an export license and, if not, the legal or commercial opportunities that deal with the export ban and existing business relations with their partners.


However, due to the pandemic, the medical device industry has been under great pressure to deliver and innovate. The European Commission has been proactive by making decisions to help the industry and the population to help fight the virus.

1 Report Prologue

2 Market Introduction

2.1 Definition 12

2.2 Scope Of Study 12

2.3 Research Objective 12

2.4 Assumptions & Limitations 13

2.4.1 Assumptions 13

2.4.2 Limitations 13

2.5 Market Structure 14

3 Research Methodology

3.1 Primary Research Methodology 16

3.2 Secondary Research Methodology 17

3.3 Market Share Analysis 17

3.4 Market Pricing Approach 18

4 Market Dynamics

4.1 Introduction 19

4.2 Drivers 20

4.2.1 Increasing Prevalence Of Chronic Diseases 20

4.2.2 Rising Economic Growth 21

4.2.3 Increasing Geriatric Population 22

4.2.4 Increasing Use Of Non-Invasive Devices 23

4.3 Restraints 24

4.3.1 Stringent Government Regulation 24

4.3.2 Lack Of Research And Development In Underdeveloped Region 25

4.4 Trends 26

4.5 Opportunity 26

5 Market Factor Analysis

5.1 Value Chain Analysis 27

5.1.1 R&D And Designing 27

5.1.2 Manufacturing 28

5.1.3 Distribution & Sales 28

5.1.4 Post-Sales Review 28

5.2 Porter’s Five Forces Model 29

5.2.1 Bargaining Power Of Suppliers 30

5.2.2 Bargaining Power Of Buyers 30

5.2.3 Threat Of New Entrants 30

5.2.4 Threat Of Substitutes 31

5.2.5 Intensity Of Rivalry 31

5.3 Pricing Analysis 31

5.4 Macroeconomic Indicators 32

6 Global Medical Device & Accessories Market By Type Of Device

6.1 Introduction 33

6.1 Cardiovascular Application 34

6.1 Coronary Pressure Monitors 34

6.1 Catheters 35

6.1 Therapeutic Medical Guide 35

6.1 Dental Implant 36

6.1 Cochlear Implant 36

6.1 Nerve Stimulator 37

6.1 Diabetes Monitors 37

6.1 Suture Needles 37

7 Global Medical Devices & Accessories Market By Region

7.1 Introduction 38

7.2 Americas 39

7.2.1 North America 39

7.2.1.1 US. 39

7.2.1.2 Canada 40

7.2.2 South America 40

7.3 Europe 41

7.3.1 Western Europe 42

7.3.1.1 Germany 44

7.3.1.2 France 45

7.3.1.3 UK 47

7.3.1.4 Italy 50

7.3.1.5 Spain 53

7.3.1.6 Rest Of Western Europe 57

7.3.2 Eastern Europe 59

7.4 Asia-Pacific 61

7.4.1 Japan 62

7.4.2 China 63

7.4.3 India 64

7.4.4 Australia 65

7.4.5 South Korea 65

7.4.6 Rest Of Asia-Pacific 66

7.5 The Middle East & Africa 67

7.5.1 United Arab Emirates 68

7.5.2 Saudi Arabia 69

7.5.3 Rest Of Middle East & Africa 71

8 Company Landscape

8.1 Introduction 72

8.2 Company Share Analysis 72

8.3 Key Developments 74

8.3.1 Acquisition & Collaboration 74

8.3.2 Product Launch And Approval 75

9 Company Profiles

9.1 Johnson & Johnson Services, Inc. 76

9.1.1 Company Overview 76

9.1.2 Financials 76

9.1.3 Products 76

9.1.4 Strategy 76

9.1.5 Key Developments 76

9.2 Stryker Corporation 77

9.2.1 Company Overview 77

9.2.2 Financials 77

9.2.3 Products 77

9.2.4 Strategy 77

9.2.5 Key Developments 77

9.3 KONINKLIJKE PHILIPS NV 78

9.3.1 Company Overview 78

9.3.2 Financials 78

9.3.3 Products 78

9.3.4 Strategy 78

9.3.5 Key Developments 78

9.4 General Electric Company 79

9.4.1 Company Overview 79

9.4.2 Financials 79

9.4.3 Products 79

9.4.4 Strategy 79

9.4.5 Key Developments 79

9.5 Siemens AG 80

9.5.1 Company Overview 80

9.5.2 Financials 80

9.5.3 Products 80

9.5.4 Strategy 80

9.5.5 Key Developments 80

9.6 Medtronic 81

9.6.1 Company Overview 81

9.6.2 Financials 81

9.6.3 Products 81

9.6.4 Strategy 81

9.6.5 Key Developments 81

9.7 Danaher Corporation 82

9.7.1 Company Overview 82

9.7.2 Financials 82

9.7.3 Products 82

9.7.4 Strategy 82

9.7.5 Key Developments 82

9.8 Boston Scientific Corporation 83

9.8.1 Company Overview 83

9.8.2 Financials 83

9.8.3 Products 83

9.8.4 Strategy 83

9.8.5 Key Developments 83

10 Conclusion

10.1 Key Findings 84

10.1.1 CEO’s Viewpoint 84

10.1.2 Unmet Needs 84

10.1.3 Key Companies To Watch 84

11 Appendix

11.1 Discussion Blue Print 85

11.2 References 86

12 List Of Tables

TABLE 1 PRIMARY INTERVIEWS 16

TABLE 2 GLOBAL MEDICAL DEVICES & ACCESSORIES MARKET BY TYPE OF DEVICE, 2020 TO 2027 (USD MILLION) 34

TABLE 3 GLOBAL CARDIOVASCULAR APPLICATION MARKET BY TYPE OF DEVICE, 2020 TO 2027 (USD MILLION) 35

TABLE 4 GLOBAL CORONARY PRESSURE MONITOR MARKET BY TYPE OF DEVICE, 2020 TO 2027 (USD MILLION) 35

TABLE 5 GLOBAL CATHETER MARKET BY TYPE OF DEVICE, 2020 TO 2027 (USD MILLION) 36

TABLE 6 GLOBAL THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY TYPE OF DEVICE, 2020 TO 2027 (USD MILLION) 36

TABLE 7 GLOBAL NERVE STIMULATOR MARKET BY TYPE OF DEVICE, 2020 TO 2027 (USD MILLION) 37

TABLE 8 GLOBAL MEDICAL DEVICES & ACCESSORIES MARKET BY REGION, 2020 TO 2027 (USD MILLION) 39

TABLE 9 GLOBAL CARDIOVASCULAR APPLICATION MARKET BY REGION, 2020 TO 2027 (USD MILLION) 39

TABLE 10 GLOBAL CORONARY PRESSURE MONITOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 40

TABLE 11 GLOBAL CATHETERS MARKET BY REGION, 2020 TO 2027 (USD MILLION) 40

TABLE 12 GLOBAL THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 41

TABLE 13 GLOBAL DENTAL IMPLANT MARKET BY REGION, 2020 TO 2027 (USD MILLION) 41

TABLE 14 GLOBAL COCHLEAR IMPLANT MARKET BY REGION, 2020 TO 2027 (USD MILLION) 42

TABLE 15 GLOBAL NERVE STIMULATOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 42

TABLE 16 GLOBAL DIABETES MONITOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 43

TABLE 17 GLOBAL SUTURE NEEDLE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 43

TABLE 18 AMERICAS MEDICAL DEVICES & ACCESSORIES MARKET BY REGION, 2020 TO 2027 (USD MILLION) 44

TABLE 19 AMERICAS CARDIOVASCULAR APPLICATION MARKET BY REGION, 2020 TO 2027 (USD MILLION) 44

TABLE 20 AMERICAS CORONARY PRESSURE MONITOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 45

TABLE 21 AMERICAS CATHETERS MARKET BY REGION, 2020 TO 2027 (USD MILLION) 45

TABLE 22 AMERICAS THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 45

TABLE 23 AMERICAS DENTAL IMPLANT MARKET BY REGION, 2020 TO 2027 (USD MILLION) 46

TABLE 24 AMERICAS COCHLEAR IMPLANT MARKET BY REGION, 2020 TO 2027 (USD MILLION) 46

TABLE 25 AMERICAS NERVE STIMULATOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 46

TABLE 26 AMERICAS DIABETES MONITOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 47

TABLE 27 AMERICAS SUTURE NEEDLE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 47

TABLE 28 NORTH AMERICA MEDICAL DEVICES & ACCESSORIES MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 48

TABLE 29 NORTH AMERICA CARDIOVASCULAR APPLICATION MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 48

TABLE 30 NORTH AMERICA CORONARY PRESSURE MONITOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 48

TABLE 31 NORTH AMERICA CATHETERS MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 49

TABLE 32 NORTH AMERICA THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 49

TABLE 33 NORTH AMERICA DENTAL IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 49

TABLE 34 NORTH AMERICA COCHLEAR IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 50

TABLE 35 NORTH AMERICA NERVE STIMULATOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 50

TABLE 36 NORTH AMERICA DIABETES MONITOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 50

TABLE 37 NORTH AMERICA SUTURE NEEDLE MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 51

TABLE 38 EUROPE MEDICAL DEVICES & ACCESSORIES MARKET BY REGION, 2020 TO 2027 (USD MILLION) 52

TABLE 39 EUROPE CARDIOVASCULAR APPLICATION MARKET BY REGION, 2020 TO 2027 (USD MILLION) 53

TABLE 40 EUROPE CORONARY PRESSURE MONITOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 53

TABLE 41 EUROPE CATHETERS MARKET BY REGION, 2020 TO 2027 (USD MILLION) 53

TABLE 42 EUROPE THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 54

TABLE 43 EUROPE DENTAL IMPLANT MARKET BY REGION, 2020 TO 2027 (USD MILLION) 54

TABLE 44 EUROPE COCHLEAR IMPLANT MARKET BY REGION, 2020 TO 2027 (USD MILLION) 54

TABLE 45 EUROPE NERVE STIMULATOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 55

TABLE 46 EUROPE DIABETES MONITOR MARKET BY REGION, 2020 TO 2027 (USD MILLION) 55

TABLE 47 EUROPE SUTURE NEEDLE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 55

TABLE 48 WESTERN EUROPE MEDICAL DEVICES & ACCESSORIES MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 56

TABLE 49 WESTERN EUROPE CARDIOVASCULAR APPLICATION MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 56

TABLE 50 WESTERN EUROPE CORONARY PRESSURE MONITOR MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 57

TABLE 51 WESTERN EUROPE CATHETERS MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 57

TABLE 52 WESTERN EUROPE THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 58

TABLE 53 WESTERN EUROPE DENTAL IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 58

TABLE 54 WESTERN EUROPE COCHLEAR IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 59

TABLE 55 WESTERN EUROPE NERVE STIMULATOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 59

TABLE 56 WESTERN EUROPE DIABETES MONITOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 60

TABLE 57 WESTERN EUROPE SUTURE NEEDLE MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 60

TABLE 58 ASIA-PACIFIC MEDICAL DEVICES & ACCESSORIES MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 61

TABLE 59 ASIA-PACIFIC CARDIOVASCULAR APPLICATION MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 62

TABLE 60 ASIA-PACIFIC CORONARY PRESSURE MONITOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 62

TABLE 61 ASIA-PACIFIC CATHETERS MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 63

TABLE 62 ASIA-PACIFIC THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 63

TABLE 63 ASIA-PACIFIC DENTAL IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 64

TABLE 64 ASIA-PACIFIC COCHLEAR IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 64

TABLE 65 ASIA-PACIFIC NERVE STIMULATOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 65

TABLE 66 ASIA-PACIFIC DIABETES MONITOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 65

TABLE 67 ASIA-PACIFIC SUTURE NEEDLE MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 66

TABLE 68 MIDDLE EAST & AFRICA MEDICAL DEVICES & ACCESSORIES MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 67

TABLE 69 MIDDLE EAST & AFRICA CARDIOVASCULAR APPLICATION MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 67

TABLE 70 MIDDLE EAST & AFRICA CORONARY PRESSURE MONITOR MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 68

TABLE 71 MIDDLE EAST & AFRICA CATHETERS MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 68

TABLE 72 MIDDLE EAST & AFRICA THERAPEUTIC MEDICAL GUIDEWIRE MARKET BY COUNTRY,

2020 TO 2027 (USD MILLION) 69

TABLE 73 MIDDLE EAST & AFRICA DENTAL IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 69

TABLE 74 MIDDLE EAST & AFRICA COCHLEAR IMPLANT MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 70

TABLE 75 MIDDLE EAST & AFRICA NERVE STIMULATOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 70

TABLE 76 MIDDLE EAST & AFRICA DIABETES MONITOR MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 71

TABLE 77 MIDDLE EAST & AFRICA SUTURE NEEDLE MARKET BY COUNTRY, 2020 TO 2027 (USD MILLION) 71

13 List Of Figures

FIGURE 1 GLOBAL MEDICAL DEVICE & ACCESSORIES MARKET, 2020 TO 2027 (USD MILLION) 10

FIGURE 2 GLOBAL MEDICAL DEVICE & ACCESSORIES MARKET SHARE BY TYPE OF DEVICE, 2020 (%) 11

FIGURE 3 GLOBAL MEDICAL DEVICE & ACCESSORIES MARKET SHARE BY REGION, 2020 (%) 11

FIGURE 4 MARKET STRUCTURE OF GLOBAL MEDICAL DEVICE & ACCESSORIES MARKET 14

FIGURE 5 RESEARCH METHODOLOGY 15

FIGURE 6 GLOBAL MEDICAL DEVICE & ACCESSORIES MARKET: FORECAST MODEL 18

FIGURE 7 DRIVER & RESTRAINT 19

FIGURE 8 VALUE CHAIN: MEDICAL DEVICES AND ACCESSORIES MARKET 27

FIGURE 9 PORTERS FIVE FORCES MODEL 29

FIGURE 10 GLOBAL MEDICAL DEVICES & ACCESSORIES MARKET BY TYPE OF DEVICE, 2020 (%) 33

FIGURE 11 GLOBAL MEDICAL DEVICES & ACCESSORIES MARKET BY REGION, 2020 & 2027 (USD MILLION) 38

FIGURE 12 GOBAL MEDICAL DEVICE & ACCESSORIES MARKET, COMPANY SHARE ANALYSIS, 2020 (%) 73