Market Projections in Medical Devices

Heather Thompson

August 1, 2009

2 Min Read
Market Projections in Medical Devices

News Trends

(click to enlarge) Market projections for 2015. Adapted from GIA Market Reports.

In July, Global Industry Analysts (GIA) released market reports on sectors in the medical industry. Its predictions are outlined here, and in more detail at

Cardiac rhythm management devices will be driven by the rise of the aging population and cardiac abnormalities. Key products include pacemakers, internal cardiac defibrillators, external defibrillators, and associated devices. The emphasis will be on product safety and technological development.
Growth in the gastrointestinal (GI) endoscopy devices market is also attributed to a rapidly aging population, as well as increasing incidences of GI disease. Progress is expected to occur in the area of techniques such as robotics, miniaturization, and imaging, moving away from GI videoscopes.
The infusion pumps market has been characterized by competition and cost-containment efforts from group purchasing organizations; however, changing demographics, increased spending in healthcare, and innovations in treatment have affected the market. The United States and Europe dominate this market.
Strong opportunities come from the home-care sector, particularly with the development of chemotherapy drugs and equipment upgrades with more-cost-effective devices. An increasing incidence of diabetes worldwide, as well as other lifestyle factors, may contribute to market growth.
Requirements for enhanced patient monitoring drive the CO2 monitors sector, especially outside of operating rooms. Emerging applications include critical care units, recovery rooms, and post-anesthesia care units.
Factors affecting growth in the mechanical ventilators market include the demand for new low-cost ventilators to replace equipment in mature markets. Latin America and Asia-Pacific areas lead growth although the United States remains the largest market. Portable ventilators are predicted as the fastest growing segment.
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