Medical Equipment Market Insights, Potential Growth, Latest Trends, Dynamics And Forecast To 2023

The Business Research Company’s latest report Medical Equipment Global Market Report 2020 covers Medical Equipment market drivers, Medical Equipment market trends, Medical Equipment market segments, Medical Equipment market growth rate, Medical Equipment market major players, and Medical Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Medical Equipment industry, along with revised market numbers due to the effects of the coronavirus.

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Medical Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The global medical equipment market is expected to decline from $456.9 billion in 2019 to $442.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.2%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of medical equipment or devices due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $603.6 billion in 2023.

The report covers the Medical Equipment market’s segments-

1) By Type: In-Vitro Diagnostics, Dental Equipment And Supplies, Ophthalmic Devices, Diagnostic Imaging Equipment, Cardiovascular Devices, Hospital Supplies, Surgical Equipment, Orthopedic Devices, Patient Monitoring Devices, Diabetes Care Devices, Nephrology And Urology Devices, ENT Devices, Anesthesia And Respiratory Devices, Neurology Devices, Wound Care Devices. 2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others. 3) By Type Of Expenditure: Public, Private. 4) By Product: Instruments/Equipment, Disposables. Subsegments Covered: Point-Of-Care Diagnostics Devices And Equipment, Immunochemistry Diagnostic Devices And Equipment, Etc.

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