The global industry that designs, manufactures and sells medical devices, products intended for medical purposes that achieve their effect through physical rather than chemical or metabolic action, ranging from simple items such as tongue depressors, thermometers and disposable gloves to complex, life sustaining implants such as artificial hearts and pacemakers. The global medical device market was valued at between 220 and 250 billion dollars as of 2013, with the United States accounting for about 40 percent of the market, Europe 25 percent, Japan 15 percent and the rest of the world the remaining 20 percent. The industry is regulated through risk based classification systems, formalized in the United States by the FDA's 1976 Medical Device Amendments and in Europe first by the 1993 Medical Device Directive and later the 2017 Medical Device Regulation, with higher risk devices requiring more extensive testing before manufacturers may market them.
Facts
Medical Device Industry
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FAQs
Which regions account for most of the medical device market?
The United States held about 40 percent of the global market in 2013 estimates.
Using an estimate from 2013, when the global market was put at between 220 and 250 billion dollars, the United States held about 40 percent of the market, Europe about 25 percent, Japan about 15 percent and the rest of the world about 20 percent. Europe as a group has a larger share than Japan, but Japan has the second largest single country market share.
Connections
Associated With
Medical devices are equipment used in diagnosis and treatment, a core segment of the healthcare industry.
Source Wikipedia, Medical Device Industry
Source Wikipedia, Homer Stryker
Companies In Industry
Source U.S. Securities and Exchange Commission (EDGAR): EDGAR company record for ALIGN TECHNOLOGY INC
Source Wikipedia: Charles River Laboratories
Source Cochlear Limited (Wikipedia)
Source ConvaTec (Wikipedia)
Source The Cooper Companies (Wikipedia)
Source U.S. Securities and Exchange Commission (EDGAR): EDGAR company record for DEXCOM INC
Source Hologic (Wikipedia)
Source IntraLase (Wikipedia)
Source Wikipedia, Medtronic
Source Wikipedia, ResMed
Source Wikipedia, SIUI
Source Smith & Nephew - Wikipedia
Source Wikipedia, West Pharmaceutical Services
In Sector
Sources
1. Wikipedia, Medical Device Industry
Wikipedialead section, paragraph 4
The global medical device market was estimated to be between $220 and US$250 billion in 2013.
- Associated With: Healthcare Industry
View the Source Wikidata: Medical Device
WikidataWikidata item statementsQuote, Wikidata item statements
Medical Device
IntraLase (Wikipedia)
Companies In Industry: IntraLase, Lead section, operates-inQuote, Companies In Industry: IntraLase, Lead section, operates-in
IntraLase was a company based in Irvine, California, producing lasers for the medical industry and for eye surgery.
Wikipedia: Charles River Laboratories
WikipediaCompanies In Industry: Charles River Laboratories International, Inc., Infobox: industryQuote, Companies In Industry: Charles River Laboratories International, Inc., Infobox: industry
Pharmaceuticals, Biotechnology, Gene therapy, Cell therapy, Medical devices, Contract research organization, Contract research
Wikipedia, West Pharmaceutical Services
WikipediaCompanies In Industry: West Pharmaceutical Services, Inc., Infobox: industryQuote, Companies In Industry: West Pharmaceutical Services, Inc., Infobox: industry
Medical devices Pharmaceuticals
Wikipedia, Medtronic
WikipediaCompanies In Industry: Medtronic plc, Infobox, industry fieldView the Source Smith & Nephew - Wikipedia
Companies In Industry: Smith & Nephew plc, Infobox, industry fieldView the Source Wikipedia, SIUI
WikipediaCompanies In Industry: SIUI, Infobox: industryQuote, Companies In Industry: SIUI, Infobox: industry
Medical Devices/NDT instruments/Medical and NDT probes/Wedge
Wikipedia, ResMed
WikipediaCompanies In Industry: ResMed Inc., LeadQuote, Companies In Industry: ResMed Inc., Lead
Resmed Inc. is a medical equipment company based in San Diego, California, and founded in Australia.
Cochlear Limited (Wikipedia)
Companies In Industry: Cochlear Limited, LeadQuote, Companies In Industry: Cochlear Limited, Lead
Cochlear is a medical device company that designs, manufactures, and supplies the Nucleus cochlear implant, the Hybrid electro-acoustic implant and the Baha bone conduction implant.
Wikipedia, Homer Stryker
Associated With: Homer Stryker, LeadQuote, Associated With: Homer Stryker, Lead
Homer Hartman Stryker (November 4, 1894, May 5, 1980) was an American orthopedic surgeon, inventor, businessman, and the founder of Stryker Corporation.
Hologic (Wikipedia)
Companies In Industry: Hologic, Inc., Infobox: industryQuote, Companies In Industry: Hologic, Inc., Infobox: industry
Medical Technology
The Cooper Companies (Wikipedia)
Companies In Industry: Cooper Companies, Inc., Infobox: industryQuote, Companies In Industry: Cooper Companies, Inc., Infobox: industry
Medical Devices
ConvaTec (Wikipedia)
Companies In Industry: Convatec Group plc, Infobox: industryQuote, Companies In Industry: Convatec Group plc, Infobox: industry
Medical devices
U.S. Securities and Exchange Commission (EDGAR): EDGAR company record for DEXCOM INC
U.S. Securities and Exchange Commission (EDGAR)Companies In Industry: Dexcom, Inc., Record: sicDescriptionQuote, Companies In Industry: Dexcom, Inc., Record: sicDescription
"sic": "3841", "sicDescription": "Surgical \u0026 Medical Instruments \u0026 Apparatus"
U.S. Securities and Exchange Commission (EDGAR): EDGAR company record for ALIGN TECHNOLOGY INC
U.S. Securities and Exchange Commission (EDGAR)Companies In Industry: Align Technology, Inc., Record: sicDescriptionQuote, Companies In Industry: Align Technology, Inc., Record: sicDescription
"sic": "3842", "sicDescription": "Orthopedic, Prosthetic \u0026 Surgical Appliances \u0026 Supplies"
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