Medical Devices

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A medical device is a device or an instrument that is used for the diagnosis, treatment, and monitoring of medical conditions. Therefore, the medical device market involves the production and sales of medical equipment or devices as well as all the services related to it.

A fetal monitor is a diagnostic tool that is used for monitoring the vitals of a fetus and maternal uterine environment. It monitors the prenatal of the fetus and the mother by checking uterine contractions of the mother and also by detecting neonatal diseases, vision & hearing problems, chronic lung diseases, mental retardation, etc.

The prefilled syringes make injections easy to use, accurate, and safe for both, patients and doctors. As the pharmaceutical industry seeks new and more suitable drug delivery techniques, pre-filled syringes have emerged as one of the fastest-growing options for unit dose medication.

The global sterilization equipment market was worth USD 8.2 billion in the year 2020. It is further projected to reach USD 13.1 billion by 2027, at a CAGR of 6.7% during the forecast period (2021-2027). Sterilization is a common practice in the healthcare industry and other sectors.

The global medical robots market is flourishing by leaps and bounds and was worth USD 8.7 billion in the year 2020. The market is further projected to grow at a CAGR of 14.9% and to reach worth USD 22.8 billion during the forecast period (2021-2027).

The global surgical suture market was worth USD 3.24 billion in the year 2020. It is further projected to reach USD 5.22 billion at a CAGR of 7.1% during the forecast period (2021-2027).

A syringe with a preloaded dose of medication and a spring-loaded needle are considered as autoinjectors. When the device is pressed against the body in a stabbing motion, it activates and administers a calculated dose of medication.

According to the recent global analysis for the market use of Orthopedic power tools, it was found for USD 945 million in the year 2020 and expected to reach around USD 1.24 billion approximately in another 7 years marking the end of 2027 at 4% CAGR.