Highest Mkt Cap
#2 of 49
$120 B
Lowest CAGR
#47 of 49
12 %
Some medical devices, like implantable defibrillators, can communicate wirelessly with other devices. 3D printing technology is also being used to create custom implants and prosthetics. Some medical devices can be controlled using mobile apps, allowing patients to adjust settings and receive notifications on their smartphones.
0 FDA approvals in Medical Devices
Improved Patient Outcomes
"Medical devices can help improve patient outcomes by providing more accurate and effective treatments for a wide range of medical conditions." - Medical Device Network, December 2021
Remote Patient Monitoring
"Medical devices can be used for remote patient monitoring, allowing providers to monitor patient data in real-time and make more informed decisions about patient care." - HealthTech Magazine, January 2022
Personalized Medicine
"Medical devices can be used for personalized medicine, tailoring treatments to individual patients based on their unique data." - Healthcare Information and Management Systems Society, February 2022
Investor sentiment
MarketWatchMay 2021
"...The global medical devices market is expected to grow at a CAGR of 5.5% during the forecast period 2021-2026, driven by the increasing prevalence of chronic diseases, the growing demand for minimally invasive and non-invasive medical procedures, and the rising investments in infrastructure and technology."
ResearchAndMarketsMarch 2021
"...The global medical devices market is expected to reach $685.6 billion by 2027, driven by the increasing demand for advanced medical devices and technologies, the growing aging population, and the rising prevalence of chronic diseases and healthcare-associated infections."
Sector leaders
Medtronic
Medtronic has announced the launch of a new Bluetooth-enabled heart monitor, the LINQ II, which is capable of streaming data directly to physicians’ mobile devices. The LINQ II has a number of new features, such as a longer battery life and a smaller, more flexible design.
Siemens Healthineers
Siemens Healthineers has partnered with 18F, the government innovation lab, to develop software that will give doctors and patients a secure way to share medical information.
