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Medical Products Market Share

Report ID: GMI4619
Published Date: Sep 2024
Report Format: PDF

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Medical Products Market Share

The market is dominated by major players, with the industry characterized by fragmentation due to the presence of large organizations, local players, and startups. These companies invest heavily in research and development to introduce advanced technologies, enhance product efficacy, and meet regulatory standards across various healthcare segments. Market dynamics also include strategic partnerships, mergers, and acquisitions aimed at expanding geographic reach, diversifying product offerings, and leveraging technological advancements. Additionally, smaller and niche players contribute to the market by focusing on specialized medical products, niche therapeutic areas, and emerging markets, fostering a dynamic and competitive landscape in the global market.

Medical Products Market Companies

Prominent players operating in the medical products industry include:

Antano Group
Cardinal Health, Inc.
Compass Health Brands
Gendron Inc.
Getinge AB
GF Health Products Inc.
Hill-Rom Holdings, Inc.
INTCO MEDICAL TECHNOLOGY CO., LTD
Invacare Corporation
Malvestio Spa
Medline Industries Inc.
Paramount Bed, Co , Ltd.
Pride Mobility Products Ltd.
Stryker Corporation
Sunrise Medical

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Global medical products industry was valued at USD 25.2 billion in 2023 and is anticipated to register 5.7% CAGR between 2024 and 2032, driven by advancements in medical technology and rising prevalence of chronic diseases.

The wheelchairs segment in the market accounted for USD 6 billion in 2023 due to aging populations facing mobility challenge and advancements in medical care enhancing survival rates.

North America medical products market accounted for USD 8.5 billion in 2023 due to advanced healthcare infrastructure, cutting-edge technology integration, and high healthcare spending.

Antano Group, Cardinal Health, Inc., Compass Health Brands, Gendron Inc., Getinge AB, GF Health Products Inc., Hill-Rom Holdings, Inc., INTCO MEDICAL TECHNOLOGY CO., LTD, and Invacare Corporation, among others.