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Medical Devices Reimbursement Market Size, Share & Trends Analysis Report By Payer (Public, Private), By Healthcare Setting (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2022 - 2030

July 2022 | 275 pages | ID: M8CC67C043B4EN
Grand View Research, Inc.

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Medical Devices Reimbursement Market Growth & Trends

The global medical devices reimbursement market size is expected to reach USD 1028.2 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.4% from 2022 to 2030. Medical device reimbursement is defined as the payment a third-party private or public insurer pays a healthcare provider for the cost incurred while using medical equipment. The major factors fueling the industry growth are growing dependence on reimbursement, the increasing prevalence of chronic diseases, and growing preventive care. Focus on early diagnostics and preventive care may in turn lead to higher activity within the diagnostic device industry, thus promoting more reimbursement share from them.

For instance, a fundamental paradigm shift towards incentivizing early diagnosis through reimbursement has been noticed across developed economies, such as thorough screening for breast cancer. During the COVID-19 pandemic, surgeries such as robotic-assisted procedures were postponed. However, during the pandemic recovery period, these surgeries are expected to improve particularly in Asia pacific as the countries such as Japan and China are actively involved in providing reimbursement to robotic-assisted providers to improve the accuracy of surgeries. Such initiatives are likely to have a positive impact on market growth in the post-pandemic period. With an increasing demand for medical equipment, reimbursement services are expected to provide various opportunities for healthcare industries to poach upon. Additionally, the increasing number of people pursuing insurance and consolidation of the healthcare system are major factors fueling the industry growth.

North America dominated the market with a revenue share of over 50.0% in 2021 and is expected to maintain its dominance over the forecast period. The rising demand for healthcare equipment and the increasing number of healthcare centers are expected to drive the industry in this region. The growing prevalence of chronic diseases is driving the demand for various healthcare instruments. This is further expected to support the growth of the regional market. Over the years, the Centers for Medicare & Medicaid Services have reduced the reimbursement for diagnostic radiology in the U.S. For instance, in January 2022, a study published in Science Direct stated that, between 2011 - 2021, there was a steady decline in the reimbursement for diagnostic imaging studies. A continuation of this trend by the government agencies is expected to have a negative impact on the regional market growth in the post-pandemic period.

Medical Devices Reimbursement Market Report Highlights
  • The private payer segment dominated the market with a revenue share of over 65.0% in 2021 due to the presence of a large number of private players
  • By healthcare setting, the hospitals segment held the largest revenue share of over 50.0% in 2021 due to recent technological developments and high patient footfall requiring the use of healthcare instruments
  • Asia Pacific is projected to witness rapid growth during the forecast period owing to the rising penetration of insurance services in rural and urban areas
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation & Scope
  1.1.1 Payer
  1.1.2 Healthcare Setting
  1.1.3 Regional Scope
  1.1.4 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
  1.3.1 Purchased Database
  1.3.2 Gvr’s Internal Database
  1.3.3 Secondary Sources
  1.3.4 Primary Research
  1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
  1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
  1.6.1 Commodity Flow Analysis (Model 1)
  1.6.2 Volume Price Analysis (Model 2)
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
  1.9.1 Objective -
  1.9.2 Objective -
  1.9.3 Objective -
  1.9.4 Objective -

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Market Definition
  2.2.1 By Payers
  2.2.2 By Healthcare Setting

CHAPTER 3 MEDICAL DEVICES REIMBURSEMENT MARKET : VARIABLES, TRENDS, & SCOPE

3.1 Market Segmentation and Scope
3.2 Market Driver Analysis
  3.2.1 Increasing prevalence of various chronic diseases
  3.2.2 Increasing cost of healthcare
  3.2.3 Increasing aging population
  3.2.4 Supportive government programs
3.3 Market Restraint Analysis
  3.3.1 Complex framework
3.4 Penetration & Growth Prospect Mapping
3.5 Porter’s Five Forces Analysis
3.6 PESTEL Analysis

CHAPTER 4 IMPACT OF COVID-19

4.1 Impact of COVID-19 on Medical Devices Market
4.2 Impact of COVID-19 on Medical Device Reimbursement Market

CHAPTER 5 MEDICAL DEVICES REIMBURSEMENT MARKET: PAYER SEGMENT ANALYSIS

5.1 Medical Devices Reimbursement Market: Market Share Analysis, 2021 & 2030
5.2 Public
  5.2.1 Public Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
5.3 Private
  5.3.1 Private Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)

CHAPTER 6 MEDICAL DEVICES REIMBURSEMENT MARKET: HEALTHCARE SETTING SEGMENT ANALYSIS

6.1 Medical Devices Reimbursement Market: Market Share Analysis, 2021 & 2030
6.2 Hospitals
  6.2.1 Hospitals Market, 2018 - 2030 (USD Billion)
6.3 Outpatient facilities
  6.3.1 Outpatient facilities Market, 2018 - 2030 (USD Billion)
6.4 Others
  6.4.1 Others Market, 2018 - 2030 (USD Billion)

CHAPTER 7 MEDICAL DEVICES REIMBURSEMENT MARKET : REGIONAL ANALYSIS

7.1 Medical Devices Reimbursement Market: Market Share Analysis, 2021 & 2030
7.2 North America
  7.2.1 North America Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.2.2 U.S.
    7.2.2.1 U.S. Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.2.3 Canada
    7.2.3.1 Canada Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
7.3 Europe
  7.3.1 Europe Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.3.2 U.K.
    7.3.2.1 U.K. Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.3.3 Germany
    7.3.3.1 Germany Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.3.4 France
    7.3.4.1 France Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.3.5 Italy
    7.3.5.1 Italy Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.3.6 Spain
    7.3.6.1 Spain Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
7.4 Asia Pacific
  7.4.1 Asia Pacific Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.4.2 Japan
    7.4.2.1 Japan Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.4.3 China
    7.4.3.1 China Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.4.4 India
    7.4.4.1 India Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.4.5 South Korea
    7.4.5.1 South Korea Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.4.6 Australia
    7.4.6.1 Australia Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
7.5 Latin America
  7.5.1 Latin America Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.5.2 Brazil
    7.5.2.1 Brazil Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.5.3 Mexico
    7.5.3.1 Mexico Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.5.4 Argentina
    7.5.4.1 Argentina Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
7.6 MEA
  7.6.1 MEA Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.6.2 South Africa
    7.6.2.1 South Africa Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.6.3 Kuwait
    7.6.3.1 Kuwait Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)
  7.6.4 UAE
    7.6.4.1 UAE Medical Devices Reimbursement Market, 2018 - 2030 (USD Billion)

CHAPTER 8 MEDICAL DEVICES REIMBURSEMENT MARKET : COMPETITIVE LANDSCAPE

8.1 Company Profiles
  8.1.1 Unitedhealth Group
    8.1.1.1 Company Overview
    8.1.1.2 Financial Performance
    8.1.1.3 Product Benchmarking
  8.1.2 Cigna
    8.1.2.1 Company overview
    8.1.2.2 Financial Performance
    8.1.2.3 Product Benchmarking
  8.1.3 Humana Inc.
    8.1.3.1 Company Overview
    8.1.3.2 Financial Performance
    8.1.3.3 Product Benchmarking
  8.1.4 Allianz
    8.1.4.1 Company overview
    8.1.4.2 Financial performance
    8.1.4.3 Product Benchmarking
  8.1.5 Aviva
    8.1.5.1 Company overview
    8.1.5.2 Financial performance
    8.1.5.3 Product Benchmarking
  8.1.6 CVS Health
    8.1.6.1 Company overview
    8.1.6.2 Financial performance
    8.1.6.3 Product Benchmarking
  8.1.7 WellCare Health Plans
    8.1.7.1 Company overview
    8.1.7.2 Financial performance
    8.1.7.3 Product Benchmarking
  8.1.8 Nippon Life Insurance Company
    8.1.8.1 Company overview
    8.1.8.2 Financial performance
    8.1.8.3 Product Benchmarking
  8.1.9 BNP Paribas
    8.1.9.1 Company overview
    8.1.9.2 Financial performance
    8.1.9.3 Product Benchmarking
  8.1.10 Anthem Insurance Companies, Inc.
    8.1.10.1 Company overview
    8.1.10.2 Financial performance
    8.1.10.3 Product Benchmarking
List of Tables

Table 1 List of secondary sources
Table 2 List of Abbreviations
Table 3 Major Deals and Stratergic Alliaces
LIST OF FIGURES

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for Market share assessment
Fig. 6 Market formulation & validation
Fig. 7 Commodity Flow Analysis
Fig. 8 Volume Price Analysis
Fig. 9 Medical devices reimbursement Market snapshot (2021, USD Billion)
Fig. 10 Medical Devices Reimbursement Market segmentation
Fig. 11 Market driver relevance analysis (Current & future impact)
Fig. 12 Market restraint relevance analysis (Current & future impact)
Fig. 13 Penetration & growth prospect mapping
Fig. 14 Porter’s Five Forces analysis
Fig. 15 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 16 Medical devices reimbursement market payers outlook: segment dashboard
Fig. 17 Medical devices reimbursement market: payer movement analysis
Fig. 18 Public medical devices reimbursement market, 2018 - 2030 (USD Billion)
Fig. 19 Private medical devices reimbursement market, 2018 - 2030 (USD Billion)
Fig. 20 Medical devices reimbursement market healthcare setting outlook: Segment dashboard
Fig. 21 Medical devices reimbursement market: Healthcare setting movement analysis
Fig. 22 Hospitals Market, 2018 - 2030 (USD Billion)
Fig. 23 Outpatient facilities Market, 2018 - 2030 (USD Billion)
Fig. 24 Others Market, 2018 - 2030 (USD Billion)
Fig. 25 Regional Market: Key takeaways
Fig. 26 Regional outlook, 2021 & 2030
Fig. 27 North America Market, 2018 - 2030 (USD Billion)
Fig. 28 U.S. Market, 2018 - 2030 (USD Billion)
Fig. 29 Canada Market, 2018 - 2030 (USD Billion)
Fig. 30 Europe Market, 2018 - 2030 (USD Billion)
Fig. 31 U.K. Market, 2018 - 2030 (USD Billion)
Fig. 32 Germany Market, 2018 - 2030 (USD Billion)
Fig. 33 France Market, 2018 - 2030 (USD Billion)
Fig. 34 Italy Market, 2018 - 2030 (USD Billion)
Fig. 35 Spain Market, 2018 - 2030 (USD Billion)
Fig. 36 Asia Pacific Market, 2018 - 2030 (USD Billion)
Fig. 37 Japan Market, 2018 - 2030 (USD Billion)
Fig. 38 China Market, 2018 - 2030 (USD Billion)
Fig. 39 India Market, 2018 - 2030 (USD Billion)
Fig. 40 South Korea Market, 2018 - 2030 (USD Billion)
Fig. 41 Australia Market, 2018 - 2030 (USD Billion)
Fig. 42 Latin America Market, 2018 - 2030 (USD Billion)
Fig. 43 Brazil Market, 2018 - 2030 (USD Billion)
Fig. 44 Mexico Market, 2018 - 2030 (USD Billion)
Fig. 45 Argentina Market, 2018 - 2030 (USD Billion)
Fig. 46 MEA Market, 2018 - 2030 (USD Billion)
Fig. 47 South Africa Market, 2018 - 2030 (USD Billion)
Fig. 48 Kuwait Market, 2018 - 2030 (USD Billion)
Fig. 49 UAE Market, 2018 - 2030 (USD Billion)


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