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Medical Equipment and Diagnostic Equipment Market - Top Companies and Manufacturers

  • Report ID: 6552
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT
  1. Introduction
    1. Study Objective
    2. Scope of the report
    3. Market Taxonomy
    4. Study Assumptions and Abbreviations
  2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. SPSS Approach
    4. Data Triangulation
  3. Executive Summary
  4. Global Industry Overview 
    1. Market Overview
    2. Regional Synopsis
    3. Industry Supply Chain Analysis
    4. DROT
    5. Government Regulation
    6. Competitive Landscape
      1. Johnson & Johnson
      2. Medtronic
      3. GE Healthcare
      4. Siemens Healthcare Private Limited
      5. Koninklijke Philips N.V.
      6. Boston Scientific Corporation
      7. Becton Dickinson and Company 
      8. Siemens Healthineers AG
      9. ZIMMER BIOMET HOLDINGS, INC.
      10. Stryker Corporation
    7. Ongoing Technological Advancements
    8. Price Benchmarking
    9. SWOT Analysis
    10. Patent Analysis
    11. Future Trends
    12. End User Analysis
    13. Analysis of Innovative Advancements by Key Players
    14. Raw Materials for Medical and Diagnostic Equipment
    15. Resins Used in Medical and Diagnostic Equipment
    16. Volume of Each Engineering Plastics Used for Each Drug Delivery System
    17. Volume of Each Engineering Plastics Used for Each Medical Devices
    18. Volume of Each Engineering Plastics Used for Each Diagnostics Devices
    19. Major Manufacturers for Each Medical/Diagnostic Device
    20. Root Cause Analysis
    21. Porter’s Five Forces
    22. Production Value and Volume of Equipment
    23. Strategic Initiatives Adopted by Key Players
    24. Company Share in the Market
  5. Global Outlook and Projections
    1. Global Overview
    2. Market Value (USD Billion), Volume (Thousand Units),  Current and Future Projections, 2024-2030
    3. Increment $ Opportunity Assessment, 2024-2030
    4. Year-on-Year Growth Forecast (%)
    5. Segmentation (USD Billion), 2024-2030, By
      1. Product Type, Value (USD Billion), Volume (Thousand Units)
        1. Drug Delivery Systems
          1. Inhalers
          2. Nebulizers
          3. Insulin Pumps
          4. Chemotherapy Pumps
          5. Pain Management Pumps
          6. Pen Injectors
          7. Syringes
          8. Auto-Injectors
          9. Transdermal Patches
          10. Others
        2. Medical Devices
          1. Pacemakers
          2. Cochlear Implants
          3. Orthopedic Implants
          4. Glucose Monitors
          5. Pluse Oximeters
          6. Blood Pressure Monitors
          7. Dialysis Machines
          8. Respirators
          9. Endoscopes
            1. Single Use
            2. Reusable
          10. Laparoscopic Instruments
          11. Catheters
          12. Scalpels
          13. Forceps
          14. Retractors
          15. Surgical Sutures
          16. Others
        3. Diagnostic Devices
          1. X-ray Machines
          2. MRI Scanners
          3. CT Scanners
          4. Ultrasound Systems
          5. Rapid HIV Tests
          6. Blood Gas Analyzers
          7. PCR Machines
          8. Immunoassay Analyzers
          9. Hematology Analyzers
          10. DNA Sequencers
          11. Ophthalmoscopes
          12. ECG Monitors
          13. Holter Monitors
          14. Smartwatches with Health Monitoring Features
          15. Others
      2. Raw Material, Value (USD Billion)
        1. Metal
        2. Plastic
          1. General-Purpose Engineering Plastics
          2. Super Engineering Plastics
        3. Ceramics
        4. Others
      3. End User, Value (USD Billion)
        1. Hospitals
        2. Clinics
        3. Diagnostic Centers
        4. Ambulatory Surgical Centers (ASCs)
        5. Research Laboratories
        6. Home Healthcare
      4. Regional Synopsis (USD Billion), 2024-2030
        1. North America, Value (USD Billion), Volume (Thousand Units)
        2. Europe, Value (USD Billion), Volume (Thousand Units)
        3. Asia Pacific, Value (USD Billion), Volume (Thousand Units)
        4. Latin America, Value (USD Billion), Volume (Thousand Units)
        5. Middle East and Africa, Value (USD Billion), Volume (Thousand Units)
  6. North America Market 
    1. Overview
      1. Market Value (USD Billion), Volume (Thousand Units),  Current and Future Projections, 2024-2030
      2. Increment $ Opportunity Assessment, 2024-2030
      3. Year-on-Year Growth Forecast (%)
      4. Segmentation (USD Billion), 2024-2030, By   
        1. Product Type, Value (USD Billion), Volume (Thousand Units)
          1. Drug Delivery Systems
            1. Inhalers
            2. Nebulizers
            3. Insulin Pumps
            4. Chemotherapy Pumps
            5. Pain Management Pumps
            6. Pen Injectors
            7. Syringes
            8. Auto-Injectors
            9. Transdermal Patches
            10. Others
          2. Medical Devices
            1. Pacemakers
            2. Cochlear Implants
            3. Orthopedic Implants
            4. Glucose Monitors
            5. Pluse Oximeters
            6. Blood Pressure Monitors
            7. Dialysis Machines
            8. Respirators
            9. Endoscopes
              1. Single Use
              2. Reusable
            10. Laparoscopic Instruments
            11. Catheters
            12. Scalpels
            13. Forceps
            14. Retractors
            15. Surgical Sutures
            16. Others
          3. Diagnostic Devices
            1. X-ray Machines
            2. MRI Scanners
            3. CT Scanners
            4. Ultrasound Systems
            5. Blood Glucose Meters
            6. Rapid HIV Tests
            7. Blood Gas Analyzers
            8. PCR Machines
            9. Immunoassay Analyzers
            10. Hematology Analyzers
            11. DNA Sequencers
            12. Ophthalmoscopes
            13. ECG Monitors
            14. Holter Monitors
            15. Smartwatches with Health Monitoring Features
            16. Others
        2. Raw Material, Value (USD Billion)
          1. Metal
          2. Plastic
            1. General-Purpose Engineering Plastics
            2. Super Engineering Plastics
          3. Ceramics
          4. Others
        3. End User, Value (USD Billion)
          1. Hospitals
          2. Clinics
          3. Diagnostic Centers
            1. Ambulatory Surgical Centers (ASCs)
            2. Research Laboratories
            3. Home Healthcare
      5. Country Level Analysis
        1. US
        2. Canada
  7. Europe Market
    1. Overview
      1. Market Value (USD Billion), Volume (Thousand Units),  Current and Future Projections, 2024-2030
      2. Increment $ Opportunity Assessment, 2024-2030
      3. Year-on-Year Growth Forecast (%)
      4. Segmentation (USD Billion), 2024-2030, By
        1. Product Type, Value (USD Billion), Volume (Thousand Units)
          1. Drug Delivery Systems
            1. Inhalers
            2. Nebulizers
            3. Insulin Pumps
            4. Chemotherapy Pumps
            5. Pain Management Pumps
            6. Pen Injectors
            7. Syringes
            8. Auto-Injectors
            9. Transdermal Patches
            10. Others
          2. Medical Devices
            1. Pacemakers
            2. Cochlear Implants
            3. Orthopedic Implants
            4. Glucose Monitors
            5. Pluse Oximeters
            6. Blood Pressure Monitors
            7. Dialysis Machines
            8. Respirators
            9. Endoscopes
              1. Single Use
              2. Reusable
            10. Laparoscopic Instruments
            11. Catheters
            12. Scalpels
            13. Forceps
            14. Retractors
            15. Surgical Sutures
            16. Others
          3. Diagnostic Devices
            1. X-ray Machines
            2. MRI Scanners
            3. CT Scanners
            4. Ultrasound Systems
            5. Blood Glucose Meters
            6. Rapid HIV Tests
            7. Blood Gas Analyzers
            8. PCR Machines
            9. Immunoassay Analyzers
            10. Hematology Analyzers
            11. DNA Sequencers
            12. Ophthalmoscopes
            13. ECG Monitors
            14. Holter Monitors
            15. Smartwatches with Health Monitoring Features
            16. Others
        2. Raw Material, Value (USD Billion)
          1. Metal
          2. Plastic
            1. General-Purpose Engineering Plastics
            2. Super Engineering Plastics
          3. Ceramics
          4. Others
        3. End User, Value (USD Billion)
          1. Hospitals
          2. Clinics
          3. Diagnostic Centers
          4. Ambulatory Surgical Centers (ASCs)
          5. Research Laboratories
          6. Home Healthcare
        4. Country Level Analysis
          1. UK
          2. Germany
          3. France
          4. Italy
          5. Spain
          6. NORDIC
          7. Russia
          8. Rest of Europe
  8. Asia Pacific Market
    1. Overview
      1. Market Value (USD Billion), Volume (Thousand Units), Current and Future Projections, 2024-2030
      2. Increment $ Opportunity Assessment, 2024-2030
      3. Year-on-Year Growth Forecast (%)
      4. Segmentation (USD Billion), 2024-2030, By
        1. Product Type, Value (USD Billion), Volume (Thousand Units)
          1. Drug Delivery Systems
            1. Inhalers
            2. Nebulizers
            3. Insulin Pumps
            4. Chemotherapy Pumps
            5. Pain Management Pumps
            6. Pen Injectors
            7. Syringes
            8. Auto-Injectors
            9. Transdermal Patches
            10. Others
          2. Medical Devices
            1. Pacemakers
            2. Cochlear Implants
            3. Orthopedic Implants
            4. Glucose Monitors
            5. Pluse Oximeters
            6. Blood Pressure Monitors
            7. Dialysis Machines
            8. Respirators
            9. Endoscopes
              1. Single Use
              2. Reusable
            10. Laparoscopic Instruments
            11. Catheters
            12. Scalpels
            13. Forceps
            14. Retractors
            15. Surgical Sutures
            16. Others
          3. Diagnostic Devices
            1. X-ray Machines
            2. MRI Scanners
            3. CT Scanners
            4. Ultrasound Systems
            5. Blood Glucose Meters
            6. Rapid HIV Tests
            7. Blood Gas Analyzers
            8. PCR Machines
            9. Immunoassay Analyzers
            10. Hematology Analyzers
            11. DNA Sequencers
            12. Ophthalmoscopes
            13. ECG Monitors
            14. Holter Monitors
            15. Smartwatches with Health Monitoring Features
            16. Others
        2. Raw Material, Value (USD Billion)
          1. Metal
          2. Plastic
            1. General-Purpose Engineering Plastics
            2. Super Engineering Plastics
          3. Ceramics
          4. Others
        3. End User, Value (USD Billion)
          1. Hospitals
          2. Clinics
          3. Diagnostic Centers
          4. Ambulatory Surgical Centers (ASCs)
          5. Research Laboratories
          6. Home Healthcare
        4. Country Level Analysis
          1. China
          2. Japan
          3. India
          4. Australia
          5. South Korea
          6. Vietnam
          7. Thailand
          8. Singapore
          9. Malaysia
          10. Rest of Asia Pacific
  9. Latin America Market
    1. Overview
      1. Market Value (USD Billion), Volume (Thousand Units),  Current and Future Projections, 2024-2030
      2. Increment $ Opportunity Assessment, 2024-2030
      3. Year-on-Year Growth Forecast (%)
      4. Segmentation (USD Billion), 2024-2030, By
        1. Product Type, Value (USD Billion), Volume (Thousand Units)
          1. Drug Delivery Systems
            1. Inhalers
            2. Nebulizers
            3. Insulin Pumps
            4. Chemotherapy Pumps
            5. Pain Management Pumps
            6. Pen Injectors
            7. Syringes
            8. Auto-Injectors
            9. Transdermal Patches
            10. Others
          2. Medical Devices
            1. Pacemakers
            2. Cochlear Implants
            3. Orthopedic Implants
            4. Glucose Monitors
            5. Pluse Oximeters
            6. Blood Pressure Monitors
            7. Dialysis Machines
            8. Respirators
            9. Endoscopes
              1. Single Use
              2. Reusable
            10. Laparoscopic Instruments
            11. Catheters
            12. Scalpels
            13. Forceps
            14. Retractors
            15. Surgical Sutures
            16. Others
          3. Diagnostic Devices
            1. X-ray Machines
            2. MRI Scanners
            3. CT Scanners
            4. Ultrasound Systems
            5. Blood Glucose Meters
            6. Rapid HIV Tests
            7. Blood Gas Analyzers
            8. PCR Machines
            9. Immunoassay Analyzers
            10. Hematology Analyzers
            11. DNA Sequencers
            12. Ophthalmoscopes
            13. ECG Monitors
            14. Holter Monitors
            15. Smartwatches with Health Monitoring Features
            16. Others
        2. Raw Material, Value (USD Billion)
          1. Metal
          2. Plastic
            1. General-Purpose Engineering Plastics
            2. Super Engineering Plastics
          3. Ceramics
          4. Others
        3. End User, Value (USD Billion)
          1. Hospitals
          2. Clinics
          3. Diagnostic Centers
          4. Ambulatory Surgical Centers (ASCs)
          5. Research Laboratories
          6. Home Healthcare
        4. Country Level Analysis
          1. Brazil
          2. Argentina
          3. Mexico
          4. Rest of Latin America
  10. Middle East & Africa Market
    1. Overview
      1. Market Value (USD Billion), Volume (Thousand Units),  Current and Future Projections, 2024-2030
      2. Increment $ Opportunity Assessment, 2024-2030
      3. Year-on-Year Growth Forecast (%)
      4. Segmentation (USD Billion), 2024-2030, By
        1. Product Type, Value (USD Billion), Volume (Thousand Units)
          1. Drug Delivery Systems
            1. Inhalers
            2. Nebulizers
            3. Insulin Pumps
            4. Chemotherapy Pumps
            5. Pain Management Pumps
            6. Pen Injectors
            7. Syringes
            8. Auto-Injectors
            9. Transdermal Patches
            10. Others
          2. Medical Devices
            1. Pacemakers
            2. Cochlear Implants
            3. Orthopedic Implants
            4. Glucose Monitors
            5. Pluse Oximeters
            6. Blood Pressure Monitors
            7. Dialysis Machines
            8. Respirators
            9. Endoscopes
              1. Single Use
              2. Reusable
            10. Laparoscopic Instruments
            11. Catheters
            12. Scalpels
            13. Forceps
            14. Retractors
            15. Surgical Sutures
            16. Others
          3. Diagnostic Devices
            1. X-ray Machines
            2. MRI Scanners
            3. CT Scanners
            4. Ultrasound Systems
            5. Blood Glucose Meters
            6. Rapid HIV Tests
            7. Blood Gas Analyzers
            8. PCR Machines
            9. Immunoassay Analyzers
            10. Hematology Analyzers
            11. DNA Sequencers
            12. Ophthalmoscopes
            13. ECG Monitors
            14. Holter Monitors
            15. Smartwatches with Health Monitoring Features
            16. Others
        2. Raw Material, Value (USD Billion)
          1. Metal
          2. Plastic
            1. General-Purpose Engineering Plastics
            2. Super Engineering Plastics
          3. Ceramics
          4. Others
        3. End User, Value (USD Billion)
          1. Hospitals
          2. Clinics
          3. Diagnostic Centers
          4. Ambulatory Surgical Centers (ASCs)
          5. Research Laboratories
          6. Home Healthcare
        4. Country Level Analysis
          1. GCC
          2. Israel
          3. South Africa
          4. Rest of Middle East & Africa
  11. Global Economic Scenario
    1. World Economic Outlook
  12. About Research Nester
    1. Our Global Clientele
    2. We Serve Clients Across World

Companies Dominating the Medical Equipment and Diagnostic Equipment Landscape

    The medical equipment and diagnostic equipment market is fiercely competitive, with a few leading players like Boston Scientific, Thermo Fisher Scientific, Baxter International, and GE Healthcare. These players focus on developing innovative solutions regarding digital health, personalized medicine, and AI-driven diagnostics to keep their lead in the market. While smaller firms and startups move up the curve by focusing on niche markets such as point-of-care diagnostics and portable medical devices. For example, in July 2024, GE Healthcare launched its new ultrasound system, powered by AI and designed for use in emergency rooms and critical care settings. This product launch indeed underlines the increasing emphasis of companies on delivering AI integration within the industry to assure better, quicker, and easier access to healthcare services.

    Here are some leading companies in the medical equipment and diagnostic equipment market:

    • Johnson & Johnson
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Medtronic
    • GE Healthcare
    • Siemens Healthcare Private Limited
    • Koninklijke Philips N.V.
    • Boston Scientific Corporation
    • Becton Dickinson and Company 
    • Siemens Healthineers AG
    • ZIMMER BIOMET HOLDINGS, INC.
    • Stryker Corporation
Browse Key Market Insights with Data Illustration:

In the News

  • In October 2023, GE Healthcare and reLink Medical announced a strategic partnership to deliver asset management solutions. This collaboration aims to assist healthcare providers in reducing medical device waste, enhancing operational efficiency, and optimizing equipment utilization. Through this initiative, healthcare providers will be better equipped to manage end-of-life medical equipment, benefiting from improved resource optimization.
  • In May 2023, Siemens Healthineers and CommonSpirit Health completed the acquisition of Block Imaging. The goal of this acquisition is to provide U.S. hospitals, health systems, and care facilities with more sustainable imaging parts and multi-vendor services. The move is expected to address the growing demand for reliable medical imaging solutions.
  • In March 2023, Advantus Health Partners and GE Healthcare entered into a long-term agreement valued at up to USD 760 million over ten years. The partnership involves providing GE’s Healthcare Technology Management (HTM) services to Advantus Health Partners’ clients, ensuring enhanced maintenance and management of healthcare technology systems.
  • In March 2023, Medipass Healthcare and Althea UK merged their operations and rebranded under the name Ergéa. The company now covers endoscopy, radiology, cardiology, radiotherapy, and surgical theatres. Ergea also offers vendor-independent maintenance services for radiology, endoscopy, and biomedical equipment across the UK.

Author Credits:  Radhika Pawar


  • Report ID: 6552
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of medical equipment and diagnostic equipment is USD 439.3 billion.

The global medical equipment and diagnostic equipment market size is predicted to reach USD 439.3 billion in 2024 and is anticipated to reach USD 696.4 billion by the end of 2030, expanding at a CAGR of 8.1% during the forecast period, i.e., 2025-2030. In 2025, the industry size of medical equipment and diagnostic equipment will be valued at USD 471.6 billion.

Key players in the market are Johnson & Johnson, Medtronic, GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Boston Scientific Corporation, and Becton Dickinson and Company.

The medical devices segment is estimated to dominate the medical equipment and diagnostic equipment market during the forecast period.

North America is anticipated to present expansion opportunities to the medical equipment and diagnostic equipment companies during the forecast period.
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