Technology plays a vital role in industries as well as in the personal aspects of lives. Developments in medical device technology have allowed physicians to give better diagnosis and treatment, saving countless lives and continuous improvement in the quality of life.

A medical device is an instrument, apparatus, implant, in vitro reagent, or related product that acts by physical, mechanical, or thermal means and not by chemical action within the body to diagnose, prevent, or to treat diseases or other conditions. Technologies which aid the medical devices to perform diagnose, monitor, and to treat medical conditions are called medical device technologies.

North America was considered to be the largest medical device technologies market because of extensive technological advancements and location of major market players. Europe is the second largest medical device technologies market due to increased population and government regulations facilitating the market growth. Japan, China and India are the fastest growing economy. Asia-Pacific is considered as an emerging market in the technology and health care infrastructure. South American countries such as Brazil and Mexico are the regions that have important potential for growth due to developing medical infrastructure, and high disposable income.

Investments in medical device technology research and development have surged in the recent advances including neuro stimulators, stent, biomarkers, robotic assistance and implantable electronic devices. Various key players also contributing to the global medical device technologies market. You could find more information about the Various Healthcare markets in our blog section– Indian Healthcare Market Overview, Indonesia Medical Device Market, and Philippines Healthcare market.