Medical equipment & device
According to a latest Global Medical Device Market Research report for 2018-2022, the global medical device market size is set to achieve an incremental growth of nearly US$120 billion, registering a compound annual growth rate (CAGR) of more than 5% during the forecast period.
Disposables & consumer goods
A recent report highlighted that the medical disposables market is anticipated to reach over US$365.1 billion by 2026. In 2017, drug delivery dominated the worldwide medical disposable industry. The increasing number of technologically advanced products and continuous research and development also continue to drive market growth in this segment.
Imaging & diagnostics
The global medical digital imaging systems market size was valued at US$ 14.55 billion in 2017. It is likely to expand at a 7.7 per cent Compound Annual Growth Rate (CAGR) between 2019 to 2025. Plus, the global 3D medical imaging market was valued US$ 15.9 billion in 2017 and is expected to reach US$ 30.3 billion by 2026, at a CAGR of 8.39 per cent till 2026. Surging demand for effective early diagnostic methods and widening base of the ageing population have been instrumental in driving the market.
Preventive & post-diagnostic treatment
Patients are today increasingly aware that preventive measures allow them to have a better-quality and stress-free life. The global preventive healthcare technologies and services market size was valued at US$ 139.1 billion in 2015 and is projected to grow at a CAGR of over 12% between 2018 to 2024. The report further highlighted that pharmaceutical companies are also taking a keen interest in preventive medicine and consider it to be a growth area in the coming years.
Healthcare & general services
Global healthcare expenditures are expected to continue to rise as spending is projected to increase at an annual rate of 5.4% between 2017-2022, from US$ 7.724 trillion to US$ 10.059 trillion. The emergence of personalized medicine, increased use of technologies, entry of disruptive and non-traditional competitors, the demand for expanded care delivery sites, and revamped payment models are all impacting the financial performance of the healthcare ecosystem.
Reportedly, more than US$200billion will be injected into the global healthcare infrastructure market over the next five years.
According to the 2017 Health Indicators of the Organization for Economic Cooperation and Development (OECD), “Mexico has 2.4 doctors per thousand inhabitants, compared with 3.4 on average in the OECD, and has less than a third of the number of nurses and hospital beds per thousand OECD inhabitants ”.
IT systems & solutions
The global healthcare IT solutions market will be worth US$228.79 billion by 2020, growing at a CAGR of 13.4 per cent, a recent report found. This growth is attributed to the rising adoption of healthcare IT solutions by healthcare providers to meet regulatory requirements for patient care and safety, increasing need to curtail costs, and growing need to improve healthcare quality while maintaining operational efficiency.
Orthopaedics & physiotherapy / rehabilitation
High prevalence of orthopaedic conditions such as degenerative bone disease coupled with early onset of musculoskeletal conditions triggered by obesity and sedentary lifestyle are expected to advance the growth of the market. Technological advances in 3D printing, robot-assisted surgical procedures, and smart implants further represent high impact driving factors for the global rehabilitation industry.