World Medical Equipment Market to Reach USD 500 Bln by 2020, States Aruvian’s R’search in Discounted Report Available at MarketPublishers.com24 May 2016 • by Natalie Aster
LONDON – The world medical equipment sector has been posting healthy growth in the past 2 years. The disposable equipment sector takes the lead, with a share of close to 40% of the total market as of 2015. The USA dominates the industry, with Europe and APAC following after. In APAC, China is a leader in tandem with Japan and South Korea. India also captures a small slice of the medical equipment pie.
Large-sized, multinational players take the lead in the worldwide medical equipment industry whilst there are a limited number of buyers, resulting in an enhanced bargaining power of the buyers. Since the suppliers are large scale, they typically hold control over the quality and cost of raw materials. Moreover, high barriers to entry make it difficult for new market entrants.
Boston Scientific Corporation, Abbott Laboratories, Danaher Corporation, Fresenius Medical Care, Zimmer Biomet, Hill-Rom Holdings, Johnson & Johnson, GE Healthcare, Siemens Healthcare Toshiba, amid others, are the top multinational players active in the field.
The medical equipment sector is expected to reach a value of over USD 500 billion by 2020.
Discounted report “Global Market for Medical Equipment - Analysis and Forecast 2010-2020” drawn up by Aruvian’s R’search presents the definition of the industry, proceeding with an assessment of the global medical equipment sector through an industry profile, industry growth assessment based on value, segmentation based on product categories and geographies, and a future outlook through to 2020. Porter's five forces strategy analysis is provided as well. The regional markets of APAC and Europe are carefully examined via industry overview, market growth in terms of value, market segmentation and industry forecasts. It further presents insights into the medical equipment markets of the leading individual countries via an industry profile, industry growth by value, segmentation and forecasts. The research publication provides an all-round investigation of the 47 major companies through a corporate analysis, details about financials and a granular SWOT analysis.
More studies by the publisher can be found at Aruvian’s R’search page.