Medical Devices That Feels Human 2024 – Bridging the gap between tech and well-being

Highlights of the report

The medical device sector is also paying greater attention to patient-centric design principles, sustainability practices and navigating an increasingly complex regulatory environment focused on safety, efficacy and ethical product development. Companies able to balance these dynamics through agile innovation, prudent financial management and sound regulatory strategies are best primed for market leadership.

Medical Devices That Feels Human 2024

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Industry Analysis

Devices used for cardiovascular disease diagnosis, monitoring and treatment comprise the largest product category with heart conditions rising globally, demand for ECG systems, pacemakers, stents and related technologies continues to grow significantly.

Emerging Trends

Medtech funding and investment momentum slowed down in 2022-23 relative to the 2021 peak, but market outlook remains positive overall driven by aging populations and rising disease burden. While MedTech funding hit a high in 2021, investment activity has moderated recently due to economic instability and investor cautiousness.

CrispIdea Outlook

The medical device industry plays a pivotal role in transforming healthcare through ongoing technological innovation. Valued at $479bn in 2023, the market is forecast to expand steadily to over $800bn by 2030. Key factors propelling this robust trajectory include the rising prevalence of chronic diseases, shift towards home healthcare services and remote patient monitoring, rapid pace of product innovation, increased healthcare expenditure and supportive regulatory ecosystems.

Table of Content

Executive Summary
– Market Overview
– Regional Outlook
– Key Players
– Factors Driving Growth
– Top Trends for 2024 and Beyond
– Stock and Index Performance
– Outlook
– Conclusion
• Key Players
– ABT
– Agilent
– BDX
– BSX
– MDT
– BAX
– SYK
• CrispIdea Coverage
– ABT
– Agilent
– BDX
– BSX
– MDT
– BAX
– SYK

Disclaimer

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