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Market Projections for Medical DevicesMarket Projections for Medical Devices

Global Industry Analysts (GIA) has released reports on sectors in the medical industry.

July 21, 2009

2 Min Read
Market Projections for Medical Devices

Here are the predictions the firm has made for several device segments.Cardiac Rhythm Management Devices:  $26.2 Billion by 2015Drivers: The rise of the aging population and cardiac abnormalitiesProducts: Pacemakers, internal cardiac defibrillators (ICDs), external defibrillators, and associated devices represent the largest segment of the cardiovascular devices market.Emphasis: Product safety and technological development.Market Leaders: Boston Scientific, Bard Electrophysiology, and Medtronic Inc.Gastrointestinal (GI) Endoscopy Devices Market: $2.52 Billion by 2015Drivers: A rapidly aging population and increasing incidences of GI disease have made the endoscopes the most utilized diagnostic tool.Products: Growth is expected to occur in the area of techniques such as robotics, miniaturization and imaging, moving away from GI videoscopes.Emphasis: A prevention screening market will also contribute to growth.Market Leaders: Boston Scientific, CONMED Corp., Fujifilm, and Johnson & Johnson.Infusion Pumps Market: $6.8 Billion by 2015Drivers: This market has been characterized by competition and cost containment efforts bearing from Group Purchasing Organizations; however, changing demographics, increased spending in healthcare and innovations in treatment have affected the market. The U.S. and Europe dominate this market.Products: Strong opportunities are present in the homecare sector, particularly with the development of chemotherapy drugs and equipment upgrades with more cost effective devices. The increasing incidence of diabetes worldwide, as well as other lifestyle factors, may contribute to market growth.Market Leaders: Animas Corp., Hospira Inc., Insulet Corp., and Smiths Medical.Carbon Dioxide Monitors: $294 Million by 2015Drivers: The requirement for enhanced patient monitoring will drive this market, especially outside of operating rooms.Products: Emerging applications include critical care units, recovery rooms and post-anesthesia care units.Market Leaders:  B. Braun Melsungen AG, Datascope Patient Monitoring, Drager Medical AG & Co KG, and GE Healthcare Life Support Solutions.Mechanical Ventilators Market: $1.18 Billion by 2012Drivers: Factors affecting growth in this market include the demand for new low-cost ventilators to replace equipment in mature markets. Emerging areas of Latin America and Asia-Pacific lead the way for growth though the U.S. remains the largest market.Products: The fastest growing segment is projected to be portable ventilators.Market Leaders: Companies leading the marketplace are Maquet, Covidien, Philips Respironics, and Spacelabs Healthcare.Nanomedicine Market to Pass $160 Billion by 2015Drivers: The unique properties of nanoparticles and their ability to be used in the course of disease diagnosis and treatment offer a robust opportunity in this market.Products: The nanomedicine segment includes nanodrug delivery, nanoanalytical contrast reagents, nanobiomaterials and nanopharmaceuticals.Market Leaders: The market is fragmented but several key players are Abraxis BioScience Inc.; Crucell N.V.; Elan Corp. Plc; Nanosphere Inc. and Wyeth Pharmaceuticals.

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