Home > Healthcare > Medical Devices > Rehabilitation and Assistive Devices > Medical Products Market
Medical Products Market Size
- Report ID: GMI4619
- Published Date: Apr 2020
- Report Format: PDF
Medical Products Market Size
Medical Products Market size exceeded USD 20 billion in 2019 and is poised to grow at a CAGR of over 6% between 2020 and 2026.
Growing geriatric population and introduction of technologically advanced products are some of the major factors contributing to the medical products market growth. Also, increasing investment in healthcare infrastructure development and healthcare facilities will boost the market demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Medical Products Market Size in 2019: | USD 20,548.2 Million |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 6.0% |
| 2026 Value Projection: | USD 30,981.6 Million |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 442 |
| Segments covered: | Product and End-use |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
The adoption of medical products has rapidly increased over the previous decade owing to the presence of large number of handicapped and disabled people across the globe. For instance, according to a recent data by World Bank Group, around 15% people across the world experience some form of disability. The higher prevalence of disability in the developing countries will further enhance the market growth. Moreover, increasing elderly population with difficulty in carrying out personal care will fuel the demand for medical products.
Frequently Asked Questions (FAQ) :
Medical Products Market Scope
