• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

MarketsandMarkets: Top Ten Medical Device Technologies Market Worth $454.3 Billion by 2014

Posted on: Tuesday, 25 August 2009, 04:30 CDT

WILMINGTON, Delaware, August 25 /PRNewswire/ -- According to a new healthcare market research report 'Global Top Ten Medical Device Technologies Market (2009 - 2014)', published by MarketsandMarkets (http://www.marketsandmarkets.com) in 2009, the entire market for top ten medical device technologies is estimated to be approximately $454.3 billion, of which medical diagnostic devices technologies alone constitute about 40% of the entire market at approximately $177.8 billion. The market for drug delivery devices constituted an estimated $110.8 billion for the same period.

Browse over 151 market data tables and in-depth TOC on renewable chemicals market.

Early buyers will receive 10% customization of reports http://www.marketsandmarkets.com/Market-Reports/top-10-medical-device-technol ogies-96.html

(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. Remove the space if one exists.)

Scientific and medical technology breakthroughs - such as minimally invasive surgery (MIS) - have accelerated the accuracy of clinical outcomes and have also reduced recovery times and the medical costs borne by patients.

With the increased collaboration and integration between different technologies such as IT, pharmaceutical, medical imaging and medical devices, the healthcare industry is witnessing better clinical outcomes, a trend that is apparent in the market growth of proteomics, drug eluting stents and telemedicine technologies.

Mobility aid technologies, micro-fluids and MEMS, tele-medicines and biomaterials are the fastest-growing medical device technologies at CAGRs of 20.7%, 19.7%, 14.2% and 12.9% respectively from 2009 to 2014. Of these, biomaterials show huge potential because of its relatively bigger market size, with an estimated $46.6 billion in 2009 expected to grow to $85.5 billion by 2014. The antimicrobial wound dressing segment is the fastest-growing biomaterials market, with an estimated size of $330 million in 2009 which is further expected to reach $780 million by 2014.

MarketsandMarkets is a research and consulting firm that publishes 120 market research (http://www.marketsandmarkets.com/) reports per year. Each strategically analyzed report contains 250 pages of valuable market data, including more than 100 market data summary tables and in-depth, five-level segmentation for each of the products, services, applications, technologies, ingredients and stakeholders categories. Our reports also analyze about 200 patents, over 50 companies and micro markets that are mutually exclusive and collectively exhaustive. Browse all our 120 titles at http://www.marketsandmarkets.com.

SOURCE Markets and Markets

Source: PR Newswire

More News in this Category