US Medical Equipment Market to Witness Stable Growth in Upcoming Years, Says Aruvian’s R’search in Its Report Available at MarketPublishers.com18 May 2016 • by Natalie Aster
LONDON – Globally, the medical equipment industry has been registering a healthy growth pace over the past 2 years. Despite the economic recession, the industry kept on expanding steadily. Led by the disposable equipment sector that accounted for nearly 40% of the market as of 2015, the worldwide medical equipment industry is dominated by the United States, with Europe and APAC following after.
The USA market for medical equipment has been showing good performance in the recent past in terms of both value and sales. The sector is poised to witness stable growth in foreseeable future, outracing other developed markets. The market value is projected to reach more than USD 200 billion by 2020. The demand is expected to be driven by strong economic advancement, favourable demographic trends, surging prevalence rates of chronic illnesses, increased access to healthcare services by the previously uninsured population, and the market's appetite for technologies that enhance cost efficiency.
The better half of the large-scale players is headquartered in the USA, making it one of the most attractive markets worldwide. Abbott Laboratories, Siemens Healthcare, Medtronic Plc, Beckman Coulter, Baxter International, C R Bard, Danaher Corporation, Hill-Rom Holdings, Boston Scientific, GE Healthcare, amid others, are the top firms operating in the industry.
New report “Market for Medical Equipment in the United States – Analysis & Forecast 2010 - 2020” drawn up by Aruvian’s R’search examines the US market for medical equipment, covering detailed statistical figures, industry growth based on value, segmentation by products and geographies, industry demand and forecasts through to 2020. The study provides Porter's five forces analysis, canvassing the suppliers and buyers’ bargaining power across the domestic medical equipment market, competitive intensity in the marketplace, threat of novel market entrants and of the substitutes. The research report provides a discussion of the prominent industry players through a corporate review, an analysis of financials and a SWOT analysis.
Data covered in the study ranges from 2011 to 2020.
More studies by the publisher can be found at Aruvian’s R’search page.