According to a recent global medical device market research report for 2018-2022, the size of the global medical device market will reach nearly $120 billion in growth, registering a compound annual growth rate (CAGR) of more than 5% over the forecast period. 

A recent report noted that the market for medical disposables is expected to reach more than $365.1 billion by 2026. In 2017, drug delivery dominated the global medical disposables industry. The growing number of technologically advanced products and ongoing research and development also continue to drive market growth in this segment.

The size of the world market was valued at $14.55 billion in 2017. It is likely to expand to a 7.7 per cent compound ATT between 2019 and 2025. In addition, the global market for 3D medical imaging was valued at $15.9 billion in 2017 and is expected to reach $30.3 billion by 2026, at a CAGR of 8.39% by 2026. The growing demand for effective early diagnostic methods and the broadening of the aging population base have been instrumental in driving the market. 

Patients are increasingly aware that preventive measures allow them to have a better quality and stress-free life. The global market for preventive health technologies and services was valued at $139.1 billion in 2015 and is projected to grow at a compound annual rate of more than 12% between 2018 and 2024. The report further noted that pharmaceutical companies are also taking a strong interest in preventive medicine and see it as an area of growth in the coming years.

Global health care expenditures are expected to continue to increase and are projected to grow at an annual rate of 5.4% between 2017-2022, from $7.724 billion to $10.059 billion. The emergence of personalized medicine, the increased use of technologies, the entry of disruptive and non-traditional competitors, the demand for expanded health care sites, and renewed payment models are impacting the financial performance of the health care ecosystem. 

Reportedly, more than $200 billion will be injected into the global health infrastructure market over the next five years.  According to the Organization for Economic Cooperation and Development (OECD) Health Indicators 2017, "Mexico has 2.4 doctors per 1,000 inhabitants, compared to an average of 3.4 in the OECD, and has less than a third of the number of nurses and hospital beds per 1,000 inhabitants in the OECD. 

The global market for healthcare IT solutions will be worth $228.79 billion by 2020, growing at a compound annual rate of 13.4%, according to a recent report. This growth is attributed to the adoption of healthcare IT solutions by healthcare providers to meet regulatory requirements for patient care and safety, the growing need to reduce costs, and the increased quest to improve healthcare quality while maintaining operational efficiency. 

The high prevalence of orthopaedic conditions, such as degenerative bone disease, along with the early onset of musculoskeletal conditions triggered by obesity and sedentary lifestyles, is expected to drive market growth. Technological advances in 3D printing, robot-assisted surgical procedures and smart implants represent even more high-impact drivers for the global rehabilitation industry.