Here are six observations:
1. The top 10 medical device technologies by type are:
• In vitro diagnostics
• Cardiology
• Diagnostic imaging
• Orthopedics
• Ophthalmology
• Endoscopy
• Diabetes Care
• Wound Management
• Kidney issues/Dialysis
• Anesthesia & Respiratory Care Devices
2. The growth in the top 10 medical devices industry is mainly driven by the rising prevalence of chronic lifestyle diseases.
3. However, factors such as uncertainty in reimbursement and the imposition of the medical device excise tax in the United States. are restraining the growth of this market.
4. In 2014, the IVD devices segment accounted for the largest share (17.1 percent) of the global market.
5. Geographically, North America accounted for the largest share of — 39.7 percent — of the market in 2014.
6. The market is expected to grow at a compound annual growth rate of 5.5 percent from 2015 to 2020.
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