Product ID: SQMIG35J2050
Report ID:
SQMIG35J2050 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
59 |
Figures:
75
North America dominated the global medical devices market, owing to the presence of a large number of leading medical device manufacturers, increasing aging population, and growing demand for healthcare services. The United States is the largest market in North America, with a high adoption rate of advanced medical devices, including wearable technology, patient monitoring devices, and imaging systems. Additionally, favorable reimbursement policies and the presence of a well-established healthcare infrastructure have contributed to the growth of the medical device market in the region.
Asia Pacific is expected to witness the fastest growth rate in the global medical device market, owing to the increasing demand for medical devices due to the growing prevalence of chronic diseases, improving healthcare infrastructure, and rising healthcare expenditure. Moreover, the APAC region has a large population base, which offers a vast market for medical device manufacturers. China and India are the largest markets in the APAC region, with a high adoption rate of advanced medical devices.
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Product ID: SQMIG35J2050