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Global Medical Device Market Forecast in 2020
2017-01-19
According to EvaluateMedTech®, based on data from 120 leading medical device companies, the CAGR of the world medical device industry will reach 5% between 2013 and 2020, reaching US $ 510 billion by 2020. 2014 is the world's medical equipment industry exciting year, the first half of 2014 has been completed in the field of medical equipment, the amount of mergers and acquisitions over the previous year growth of 363%.

The FDA pre-market approval is pick up
The FDA became more open in 2014, and by the end of August 2014 it had approved 20 for the first time, an increase of 43% over the same period last year.

Billions of dollars in IPO
In the first half of 2014, the medical device sector raised $ 1.3 billion, up 44 percent from $ 900 million for the full year. By 2020, the global medical device market will be more than 500 billion US dollars, in vitro diagnostic products will remain the largest area.

The scale of the global medical device market in 2020
The global medical device market is expected to grow at a CAGR of 5% between 2013 and 2020. In-vitro diagnostic products (IVD) will continue to be the largest sub-sector in the market, with sales of US $ 71.6 billion in 2020 To the global medical device market size of 14% over the same period IVD market will grow at an annual rate of 6.1%. The fastest-growing segment will be the neurological market, which will grow at a CAGR of 7.1% and reach $ 9.8 billion by 2020.




The global prescription drug market is expected to grow at a compound annual growth rate of 5.3% from 2013 to 2020, 5% higher than the medical device industry. However, the market for medical devices is far ahead of the prescription drug market in 2010 and 2013. With the advent of patent cliffs and increased confidence in the biotech industry, the market for prescription drugs will outstrip medical devices after 2014 and 2016, leading to a decline in the market share of the prescription drug market to 49.7 by 2020 %, 2013 this ratio was 50.3%.
Global r&d medical equipment market
In 2013 ~ 2020 r&d investment in the global medical equipment market will increase at a 4.2% compound annual growth rate, is lower than the growth rate of sales, to reach $2020 by 30.5 billion, 2020 global medical equipment research and development spending is expected to be 5.9%, down from 6.3% in 2013. Global r&d spending of the 20 biggest companies' r&d spending will be slightly higher than the general data, 2020 research and development spending is expected to be 7.7%.

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