Global top 10 medical device technologies market may reach USD 428,970.7 million by 2020 by growing at a CAGR of 5.5%

 

PR Newswire Market Research’s report suggests that the global top 10 medical devices technologies market may reach USD 428,970.7 million by 2020 by growing at a CAGR of 5.5%. Major driving factors include rising prevalence of chronic diseases, increase in disability adjusted life years, technological advancements in medical devices and growing aging population. The top 10 medical device technologies market can be segmented as vitro diagnostics (IVD) devices, cardiology devices, diagnostic imaging devices, orthopedic devices, ophthalmology devices, endoscopy devices, diabetes care devices, wound management devices, kidney/dialysis devices and anesthesia & respiratory devices market. In 2014, North America being on top accounted for the largest share of 39.7% of the global top 10 medical device technologies market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.