North America Medical Device Market Overview:
According to SPER Market Research, the North America Medical Device Market is estimated to reach USD 11.02 billion by 2032 with a CAGR of 5.17%.
The prevalence of respiratory diseases is rising, and technological advancements have significantly aided the market expansion for medical devices. The future expansion of the medical device market, however, may be hampered by the restrictions and issues related to the medical devices. Major market players' alliances and acquisitions present a growth potential for the global market for medical devices. Any appliance, machine, tool, equipment, instrument, implant, reagent for in vitro use, material, software, or other related or similar item that is intended by the manufacturer to be used, either independently or together, for any healthcare purpose is considered a medical device. Medical gadgets are used to diagnose, monitor, treat, prevent, or reduce the symptoms of disease. Medical devices can also be used to support, alter, replace, or study a physiological process or anatomical structure. Additionally, medical equipments are used to support or sustain life. A wide range of goods with varied applications and levels of complexity are included in medical devices. The health care business uses a variety of medical devices, including ventilators, spirometers, oxygen concentrators, anaesthesia machines, CPAP/BIPAP, and others. However, it is anticipated that the rising incidence of lung-related disorders will increase demand for medical equipment. Additionally, it is projected that rising health concerns would fuel additional market expansion.
Impact of COVID-19 on the North America Medical Device Market All industries are facing difficulties as a result of COVID-19's omnipotence, but the medical device and healthcare sectors are particularly affected. The medical and healthcare industries have been severely tested and stretched over the past few months by COVID-19. As the disease spreads faster than businesses can create PPE and provide the required medical supplies, hospitals suffer. However, COVID-19 provides the medical device sector with a number of other difficulties as well, including supply. Manufacturers of medical devices and medical device software are benefiting from the COVID-19-induced supply chain constraints, particularly those organizations focused on personal protective equipment (PPE), medical equipment for treatment, and a realization of increased medical device software needs such as tracking, monitoring, and producing data for analysis related to the pandemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Mode, By Application, By Facility, By End User, By Distribution Channel. |
| Regions covered | North America |
| Companies Covered | Inogen Inc., Shenzhen Mindray Bio- Medical Electronics Co.Ltd., Dragwerk AG &Co., Drive De Vibiss Healthcare Inc., Fisher & Paykel Healthcare Limited, GCE Healthcare, Getinge AB, Hill Rom, Invacare Corporation, Medtronic, MGC Diagnostic Corporation, Midmark Corporation, NDD Medical Technologies, NIDEK Medical, Telefex Incorporated.
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North America Medical Device Market Segmentation:
By Product: Based on the Product, North America Medical Device Market is segmented as; Ventilator {Intensive Care Ventilators (High-End ICU Ventilators, Basic ICU Ventilators, Mid-End ICU Ventilators), Portable Ventilators, Neonatal Ventilators, Home Ventilators}, Anesthesia Machines {By Type (Cart Mounted, Ceiling Mounted, Wall Mounted, Others), By Technology (Continuous-Flow, High Flow, Medium Flow)}, Oxygen Concentrators {By Type (Continuous Flow, Pulse Flow), By Modality (Portable, Stationary)}, Spirometers {By Product (PC-Based Spirometers, Portable Spirometers, Table-Top Spirometers), By Technology (Flow-Sensing Spirometers, Peak Flow Meters)}, CPAP/BIPAP.
By Mode: Based on the Mode, North America Medica Device Market is segmented as; Portable, Standalone, Tabletop.
By Application: Based on the Application, North America Medical Device Market is segmented as; Therapeutics, Diagnostic.
By Facility: Based on the Facility, North America Medical Device Market is segmented as; Large, Medium, Small.
By End User: Based on the End User, North America Medical Device Market is segmented as; Hospitals, Specialty Clinics, Home Care Settings, Long Term Care Centers, Rehabilitation Centers, Ambulatory Surgical Centers.
By Distribution Channel: Based on the Distribution Channel, North America Medical Device Market is segmented as; Direct Sales, Third- Party Distributor.
By Region: North America owns the prime share of this market; the major factors of the market's growth in the region are the increasing incidence of chronic illnesses, the growing amount of medicine prescriptions brought on by the region's rapidly aging population, and the expansion of key market participants in the area.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the North America Medical Device Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. North America Medical Device Market, By Product, 2019-2032 (USD Million)
6.1 Ventilator
6.1.1 Intensive Care Ventilators
6.1.1.1 High-End ICU Ventilators
6.1.1.2 Basic ICU Ventilators
6.1.1.3 Mid-End ICU Ventilators
6.1.2 Portable Ventilators
6.1.3 Neonatal Ventilators
6.1.4 Home Ventilators
6.2 Anesthesia Machines
6.2.1 By Type
6.2.1.1 Cart Mounted
6.2.1.2 Ceiling Mounted
6.2.1.3 Wall Mounted
6.2.1.4 Others
6.2.2 By Technology
6.2.2.1 Continuous-Flow
6.2.2.2 High Flow
6.2.2.3 Medium Flow
6.3 Oxygen Concentrators
6.3.1 By Type
6.3.1.1 Continuous Flow
6.3.1.2 Pulse Flow
6.3.2 By Modality
6.3.2.1 Portable
6.3.2.2 Stationary
6.4 Spirometers
6.4.1 By Product
6.4.1.1 PC-Based Spirometers
6.4.1.2 Portable Spirometers
6.4.1.3 Table-Top Spirometers
6.4.2 By Technology
6.4.2.1 Flow-Sensing Spirometers
6.4.2.2 Peak Flow Meters
6.5 CPAP/BIPAP
7. North America Medical Device Market, By Mode, 2019-2032 (USD Million)
7.1 Portable
7.2 Standalone
7.3 Tabletop
8. North America Medical Device Market, By Application, 2019-2032 (USD Million)
8.1 Therapeutics
8.2 Diagnostic
9. North America Medical Device Market, By Facility, 2019-2032 (USD Million)
9.1 Large
9.2 Medium
9.3 Small
10. North America Medical Device Market, By End User, 2019-2032 (USD Million)
10.1 Hospitals
10.2 Specialty Clinics
10.3 Home Care Settings
10.4 Long Term Care Centers
10.5 Rehabilitation Centers
10.6 Ambulatory Surgical Centers
11. North America Medical Device Market, By Distribution Channel, 2019-2032 (USD Million)
11.1 Direct Sales
11.2 Third- Party Distributor
12. North America Medical Device Market, By Region, 2019-2032 (USD Million)
12.1 North America
12.1.1 United States
12.1.2 Canada
12.1.3 Mexico
13. Company Profiles
13.1 Inogen Inc.
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Shenzhen Mindray Bio-Medical Electronics Co.Ltd.
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Dragwerk AG & Co.
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Drive De vibiss Healthcare Inc
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Fisher & Paykel Healthcare Limited
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 GCE Healthcare
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Getinge AB
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Hill Rom
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Invacare Corporation
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Medtronic
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 MGC Diagnostic Corporation
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
13.12 Midmark Corporation
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments
13.13 NDD Medical Technologies
13.13.1 Company details
13.13.2 Financial outlook
13.13.3 Product summary
13.13.4 Recent developments
13.14 NIDEK Medical
13.14.1 Company details
13.14.2 Financial outlook
13.14.3 Product summary
13.14.4 Recent developments
13.15 Teleflex Incorporated
13.15.1 Company details
13.15.2 Financial outlook
13.15.3 Product summary
13.15.4 Recent developments