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Innovations in Medical Device Technologies Market

Latest Innovations in Medical Device Technologies

  • Published Date : 23 Aug 2019
  • BCC Research
  • Category : Medical Devices
  • Pages : 325

Summary

It has been estimated that the global market for medical devices, as defined by the FDA classification of medical devices, was valued at REDACTED in 2017 and REDACTED in 2018. By the end of theforecast period in 2023, it is predicted that the global market will have increased in value to REDACTED, rising at a CAGR of REDACTED.

Analysis revealed that the fastest-growing medical device market segment is neurology with a predicted CAGR of REDACTED, while orthopedic is set to see the slowest growth, with a predicted CAGR of REDACTED over the forecast period. These differences represent and reflect the different stages in the life cycle of each ofthese products.	
Table of Contents
Chapter 1 Introduction
Scope of the Report
Methodology and Information Sources
Primary Data and Information Gathering
Secondary Data and Information Gathering
Market Revenue Forecasts
Analyst’s Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Global Medical Device Market
Chapter 3 Introduction to Medical Device Products and Product Innovation
Background and Definitions: Medical Devices
Uses of Various Devices
Evolution
Types
Background and Definitions: Innovation in Medical Devices
Stakeholders Involved in the Innovative Process
The Medical Device Industry
Patent Applications Filed in the Medical Device Technology Industry
The Cost of Medical Device Innovation
Current Trends in the Medical Device Technology Industry
Notable Trends in the Medical Device Technology Industry
Importance of Innovation in the Medical Device Industry
Challenges Facing the Sector
Public Health Systems
Balancing Patient Needs and Financial Sustainability
Competitiveness and Innovation
Market Dynamics
Drivers
Restraints
Opportunities
Strategies
Distribution Network
Asia-Pacific
United States
Europe
India
China
Others
Trends
China
Europe
New Products and Technologies
New Materials
Refurbished and Replacement Market
Mergers and Acquisitions
Recommendations
Chapter 4 The Global Medical Device Market
Introduction
Global Medical Device Market
Regional Overview
North American Medical Device Market
European Medical Device Market
Asia-Pacific Medical Device Market
Latin American Medical Device Market
Middle East/African Medical Device Market
Chapter 5 Medical Device Regulation, Legislation and Regulatory Bodies
North America
United States
Canada
Europe
(General) Medical Device Directive, MDD (93/42/EEC)
Active Implantable Medical Device Directive, AIMDD (90/383/EEC)
In Vitro Diagnostic Medical Device Directive, IVDMDD (98/79/EC)
New Medical Devices Regulation (EU) 2017/745 (MDR) and the In Vitro Diagnostic Medical Devices Regulation (EU) 2017/746 (IVDR)
The Procurement of MDs and IVDs
Notified Bodies
How the European Commission Promotes Innovation
Regulatory Structure for Medical Device Approval in Germany
Regulatory Structure for Medical Device Approval in France
Regulatory Structure for Medical Device Approval in Italy
Asia-Pacific
Japan
China
India
South Korea
Latin America
Brazil
Argentina
Mexico
Chapter 6 The Medical Device Innovation Process
Generation of New Ideas
Clinical Evaluation and Planning
Development of Product Prototypes and Prototype Testing
Business Planning
Diffusion and Implementation of Innovation
Protection of Intellectual Property and Patents
Patentability of Medical Devices
Concerns, Issues and Considerations
Who Conducts the R&D for New Medical Device Products?
Financing of Medical Device Innovations
The Role of Liability
Reimbursement of New Medical Devices
Chapter 7 Review of New and Emerging Medical Device Innovations: Anesthesiology
Global Market for Anesthesiology Medical Device Technologies
Trends in Anesthesiology
Applications of Artificial Intelligence for Anesthesia
Cardiac Output Monitoring in Anesthesiology
Ultrasound-Guided Regional Anesthesia (USRA)
Developments and Advances in Airway Management: Video Laryngoscopes
Technological Advances in Wireless and Non-Invasive Peri-Operative Monitoring
Advances in Awareness Monitoring Technologies
Future Innovations and Predicted Developments in Anesthesia
Chapter 8 Review of New and Emerging Medical Device Innovations: Cardiovascular Medicine
Global Market for Cardiovascular Medical Device Technologies
Trends in Cardiovascular Medicine
Artificial Intelligence (AI) in Cardiovascular Medicine
Latest Advances in Transcatheter Aortic Valve Replacement (TAVR) and Transcatheter Mitral Valve Replacement (TMVR)
Transcatheter Aortic Valve Replacement (TAVR)
Transcatheter Mitral Valve Replacement (TMVR)
Arrival of Point-of-Care Troponin Testing
Technological Advances in Wearable and Implantable Cardiovascular Devices
Implantable Cardioverter Defibrillator (ICD) Technologies
Smartphone Apps and Wearable Devices
Additional Future Technological Developments for Cardiovascular Devices
Expanding Catheter-Based Interventions for All Areas of the Body
Identification and Localization of Calcified Plaque
Chapter 9 Review of New and Emerging Medical Device Innovations: Clinical Chemistry and Clinical Toxicology
Global Market for Clinical Chemistry and Clinical Toxicology Device Technologies
Trends in Clinical Chemistry and Clinical Toxicology
Automation
Trends in Clinical Laboratory Automation
Advances in Clinical Laboratory Automation
Automated Specimen Separation
Specimen Transportation
Preanalytical Automation
Sample Labeling
Microbiology
AI and Interpretive Algorithms
Cell-Based Assays
Biobanking
Home-Based Monitoring
Information Technology
Chapter 10 Review of New and Emerging Medical Device Innovations: Dental
Global Market for Dental Medical Device Technologies
General Trends in Dental Treatment and Management
The Emergence of Consumerism in Dentistry
Increased Regulatory Involvement in Dental Laboratories by the U.S. FDA
Hygienists Viewed as Physician Assistants
Corporate Dental Facilities
Holistic and Comprehensive Healthcare
Latest Technological Advances in Dental Implants
Dental Implants Designed to Overcome Bacterial Infection and Bone Loss
Recent Advancements in Regenerative Dentistry
Technological Innovations to Improve Implant Success and Longevity
3D Printing Versus CAD/CAM Dental Milling
New Dental Implant Launches
New Technologies in Dental Cement
Latest Technological Advances in Dental Equipment
Dental Radiology Equipment
Dental Lasers
Digital X-rays and Orthopantomogram (OPG)
The Future for Dental Technologies
Chapter 11 Review of New and Emerging Medical Device Innovations: Ear, Nose and Throat
Global Market for Ear, Nose and Throat Medical Device Technologies
Latest Technological Advances in Otolaryngology Implants
Cochlear Implants
Medicated, Dissolvable Sinus Stents
Revolutionizing Grommet Insertion
Latest Technological Advances in Otolaryngology Equipment
ENT Navigation
Latest Technologies Advances in Hearing Aids
Advances in Circuitry, Algorithms and Directional Microphones
Wireless Technology
Cryotherapy for Chronic Rhinitis
Chapter 12 Review of New and Emerging Medical Device Innovations: Gastroenterology and Urology
Global Market for Gastroenterology and Urology Medical Device Technologies
Latest Innovations and Technological Advances in Urology Surgery
Technological Advances in Urological Imaging and Diagnostics
Technological Advances in Urological Surgical Devices and Techniques
Latest Innovations and Technological Advances in Gastroenterology Surgery
Technological Advances in Gastroenterological Imaging and Diagnostics
Innovative Product Developments in Gastroenterological Surgical Devices and Techniques
Chapter 13 Review of New and Emerging Medical Device Innovations: Neurology
Global Market for Neurology Medical Device Technologies
General Trends in Neurological Disease Treatment and Management
Latest Innovations and Technological Advances by Neurological Condition
Alzheimer’s Disease (AD)
Parkinson's Disease (PD)
Epilepsy
Stroke
Cerebral Aneurysm
Technological Advances in Neurosurgery
Stereotactic Radiation Therapy
Cluster Headaches and Migraines
Chapter 14 Review of New and Emerging Medical Device Innovations: Obstetrics and Gynecology
Global Market for Obstetric and Gynecological Medical Device Technologies
Robotics in Gynecology
Major Technological Advances in Obstetric and Gynecological Ultrasound
Developments and Product Innovations in Breast Imaging
iCAD Introduces ProFound AI for 2D Mammography in Europe
Tomosynthesis Improves Breast Cancer Detection
Three Palm Software Releases WorkstationOne Version 1.8.8
Novel Artificial Intelligence Method Predicts Future Risk of Breast Cancer
The Future of Obstetric and Gynecological Imaging: AI, Cloud and Beyond
Chapter 15 Review of New and Emerging Medical Device Innovations: Ophthalmic
Global Market for Ophthalmic Medical Device Technologies
General Trends in Ophthalmic Disease Treatment and Management
Advances in Ophthalmic Optical Coherence Tomography (OCT)
Current SS-OCT Devices
Latest Market Introduction of OCT Systems
Developments in Intraocular Lens Technologies
Current Advanced IOLs Technologies
Product Pipeline for New IOL Technologies
Technological Advances and Development in Glaucoma Surgery
Micro-Invasive Glaucoma Surgery (MIGS)
AI Applications in Ophthalmology
AI and Deep Learning (DL) in Ophthalmology
AI and Robotic Surgical Devices in Ophthalmology
3D Printing: Printing the Ophthalmic Future
3D Printing for Eyewear and Ophthalmic Medical Devices
3D Printing Technology in Ophthalmic Surgical Planning
3D Printing Technology and Customized Implants
Promising Ophthalmic Start-ups and New Technologies
Possible Future Developments in Technologies Applicable to Ophthalmics
Adaptive Optics Detect Early Diabetes Eye Damage
Augmented Reality and Ophthalmics
Chapter 16 Review of New and Emerging Medical Device Innovations: Orthopedics
Global Market for Orthopedic Medical Device Technologies
Market Factors Affecting and Influencing the Growth and Development of the Orthopedic Device Market
Market Drivers
Market Restraints
Latest Advances in Knee Replacement Technologies
The Journey II XR Total Knee Arthroplasty (Smith & Nephew)
Latest Advances in Hip Replacement Technologies
New and Innovative Hip Replacement Technologies
New and Innovative Hip Resurfacing Technologies
Orthobiologic Technologies Accelerate the Healing Process
Advances and Developments in Robotic Orthopedic Surgery
The MAKOplasty (Robotic Assisted Surgery) (Stryker Corp.)
Mazor's Robotic-Assisted Surgery Systems (Medtronic)
The Orthotaxy Surgical Robot (Johnson & Johnson’s DePuy Synthes)
The ROSA Robotically- Assisted Total Knee Replacement System (Zimmer Biomet: Rosa)
The NAVIO Surgical System (Smith & Nephew)
The ExcelsiusGPS Robotic Navigation System: Globus Medical
The NuVaSive’s Pulse Integrated Navigation Platform (Smith & Nephew)
Technological Advances and New Product Innovations in Spinal Surgery
Computer-Assisted Spinal Navigation Technologies
Artificial Cervical Discs
Pedicular Screw Systems
3D Printing’s Future in Orthopedics
Augmented Reality (AR) and Orthopedics
Developments and New Technologies in Fracture Management
Chapter 17 Review of New and Emerging Medical Device Innovations: Radiology
Global Market for Radiology Medical Device Technologies
General Trends in Medical Imaging Technologies
Accelerating Processing Speed
Expanding the Parameters of 3D and 4D
Capturing Images at the Right Place at the Right Time
Automating Workflow
Artificial Intelligence in Medical Imaging
Augmented Reality, Virtual Reality and 3D Imaging
VR and AR Applications
Recently Approved Products
Current Development Projects
Mobile Technologies and the Internet of Things (IoT)
Mobile Technology: A New Era of Telehealth
Internet of Things (IoT)
Latest Technological Developments in Computed Tomography
Latest CT Product Introductions
Latest Technological Innovations in Magnetic Resonance Imaging
Intraoperative CT/MRI
Latest MRI Product Introductions
Developments and Advances in Ultrasound Imaging
Chapter 18 Review of New and Emerging Medical Device Innovations: Other Segments
Global Market for Other Medical Device Technologies
New Technologies for Plastic Surgery
Development of New Alloplastic Materials
Negative Pressure Systems
Developments in General and Personal Device Technologies
Brain-Machine Interfaces Technologies
New Pulse Oximetry Devices
Smart Glasses for the Visually Impaired
Advances in Hematology and Pathology Device Technologies
Nucleic Acid Analysis for Liquid Biopsies of Liquid Tumors
Virtual Biopsy for Skin Lesions Using Vibrational Optical Coherence Tomography
Ultra-Thin Probe Assesses Tissues Deep Within Lungs
Developments in Immunology and Microbiology Device Technologies
Automation in the Clinical Microbiology Laboratory
Advances in Physical Medicine Device Technologies
Developments in Traumatic Brain Injury (TBI) Technologies
Rehabilitation
Chapter 19 Company Profiles
Introduction
Tier 1: Major Multinational Medical Device Corporations
ABBOTT LABORATORIES
BECTON, DICKINSON AND CO.
BECKMAN COULTER (PART OF DANAHER)
BOSTON SCIENTIFIC CORP.
B. BRAUN MELSUNGEN AG
EDWARDS LIFESCIENCES
GENERAL ELECTRIC CO.
INTUITIVE SURGICAL INC.
JOHNSON & JOHNSON
MEDTRONIC INC.
OLYMPUS CORP.
PHILIPS HEALTHCARE
ROCHE (FORMERLY HOFFMANN-LA ROCHE LTD.)
SIEMENS AG
STRYKER CORP.
TELEFLEX
TERUMO CORP.
THERMO FISHER SCIENTIFIC
TOSHIBA MEDICAL SYSTEMS CORP. (CANON MEDICAL SYSTEMS)
ZIMMER BIOMET
Tier 2: Entrepreneurial Small and Medium Sized Enterprises (SMEs)
ABIOMED INC.
AUTONOMIC TECHNOLOGIES INC.
AXONICS MODULATION TECHNOLOGIES
BIODAN GROUP
BIOSENSE WEBSTER (JOHNSON & JOHNSON)
BRAINSCOPE CO. INC.
CMR SURGICAL LTD. (FORMERLY CAMBRIDGE MEDICAL ROBOTICS)
CLICK DIAGNOTICS INC.
DAY ZERO DIAGNOSTICS
FARAPULSE INC (FORMERLY IOWA APPROACH)
GECKO BIOMEDICAL SAS
IMPULSE DYNAMICS (USA) INC.
INSIGHTEC LTD.
IRRAS
KONING CORP.
MEDINEERING GMBH
METAVENTION
NEURAL ANALYTICS
OSSDSIGN AB
OWLSTONE MEDICAL
PARADROMICS
PIXIUM VISION S.A.
OXULAR LTD. (FORMERLY PRECISON OCULAR LTD.)
PORTAL INSTRUMENTS INC.
PRELLIS BIOLOGICS
Q3 MEDICAL DEVICES LTD.
TAL MEDICAL
TRANSENTERIX INC.
Chapter 20 Appendix A
Company Addresses and Contact Details: Tier 1
Major Multinational Medical Device Corporations
Chapter 21 Appendix B
Company Addresses and Contact Details: Tier 2
Entrepreneurial Small and Medium-Sized Enterprises (SMEs)
Chapter 22 Appendix C
Government Regulatory Agencies, Professional Organizations and Regulatory Acronyms
Chapter 23 Appendix D
Commonly Used Acronyms Associated with Medical Device Innovation

	List of Tables
Summary Table : Global Medical Device Market, by Segment, Through 2023
Table 1 : Medical Devices Cleared or Approved by the FDA, as of June 2019
Table 2 : Medical Devices Cleared or Approved by the FDA, 2018
Table 3 : Medical Devices Codes, Categories and Examples
Table 4 : European Patent Applications Filed with the EPO, by Technology Type, 2018
Table 5 : Leading Companies in Patent Application Filings on Medical Device Innovations, 2018
Table 6 : Leading Countries in Medical Technology Patents Filed with the EPO, 2018
Table 7 : R&D Expenditures of Top 20 Medical Device Tech Companies and Their Annual Growth, Through 2018
Table 8 : FDA Classification of 16 Medical Specialties (Panels)
Table 9 : Global Medical Device Market, Through 2023
Table 10 : Global Medical Device Market, by Segment, Through 2023
Table 11 : Global Medical Device Market Shares, by Segment, 2018
Table 12 : Global Medical Device Market Shares, by Region, 2018
Table 13 : Global Medical Device Market, by Region, Through 2023
Table 14 : North American Medical Device Market, by Segment, Through 2023
Table 15 : European Medical Device Market, by Segment, Through 2023
Table 16 : Asia-Pacific Medical Device Market, by Segment, Through 2023
Table 17 : Latin American Medical Device Market, by Segment, Through 2023
Table 18 : Middle Eastern and African Medical Device Market, by Segment, Through 2023
Table 19 : Comparison of Pharmaceutical Affair Law and Japanese Medical Device Nomenclature and Related Codes with the EU MDD
Table 20 : Number of Healthcare Institutions According to Ownership in China, 2010
Table 21 : Total Number of Hospitals in China, by Ranking, 2010
Table 22 : Overview of Healthcare in India
Table 23 : Global Anesthesiology Device Technologies Market, by Device Category, Through 2023
Table 24 : Advantages and Disadvantages of Methods of Cardiac Output Monitoring
Table 25 : Summary of Key Features of Selected Video Laryngoscopes
Table 26 : Global Cardiovascular Device Technologies Market, by Device Category, Through 2023
Table 27 : Contemporary Cardiac Troponin I and T Assay Analytical Characteristics as Designated by the Manufacturer
Table 28 : High Sensitivity* Cardiac Troponin I and T Assay Analytical Characteristics Designated by Manufacturer
Table 29 : Point-of-Care Cardiac Troponin I and T Assay Analytical Characteristics Designated by Manufacturer
Table 30 : Global Clinical Chemistry and Clinical Toxicology Device Technologies Market, by Type, Through 2023
Table 31 : Characteristics of Total Laboratory Automation Systems for Clinical Microbiology Laboratories
Table 32 : Global Dental Device Technologies Market, by Type, Through 2023
Table 33 : Global Ear, Nose and Throat Medical Device Technologies Market, by Type, Through 2023
Table 34 : Cochlear Implant Comparison Chart
Table 35 : Global Gastroenterology and Urology Device Technology Market, by Type, Through 2023
Table 36 : Global Neurological Device Technology Market, by Type, Through 2023
Table 37 : Devices Currently Marketed for Stereotactic Body Radiation Therapy (SBRT)
Table 38 : Global Obstetric and Gynecological Device Technology Market, by Type, Through 2023
Table 39 : Global Ophthalmic Device Technology Market, by Type, Through 2023
Table 40 : Global Orthopedic Medical Device Technologies Market, by Type, Through 2023
Table 41 : Global Radiology Device Technology Market, by Type, Through 2023
Table 42 : Artificial Intelligence Systems Used in Medical Imaging
Table 43 : Computed Tomography Systems Used in Medical Imaging
Table 44 : MRI Wide Bore Systems for Medical Imaging Technologies
Table 45 : Ultrasound Systems Used in Medical Imaging Technologies
Table 46 : Global General and Plastic Surgery Device Technology Market, by Segment, Through 2023
Table 47 : Global General and Personal Device Technology Market, Through 2023
Table 48 : Global Hematology and Pathology Device Technology Market, by Type, Through 2023
Table 49 : Global Immunology and Microbiology Device Technology Market, by Type, Through 2023
Table 50 : Global Medical Device Technology Market for Physical Medicine, by Type, Through 2023
Table 51 : Leading Medical Device Companies by R&D Expenditures and Annual Growth, Through 2018
Table 52 : Abbott Laboratories: Revenues, 2016-2018
Table 53 : Becton Dickinson: Revenue, by Business Segment, 2016-2018
Table 54 : Becton Dickinson: Recent Developments, December 2017 to May 2019
Table 55 : Danaher Corp.: Revenue, by Business Segment, 2016-2018
Table 56 : Boston Scientific Corp.: Revenues, by Product Segment, 2016-2018
Table 57 : Boston Scientific Corp.: Recent Developments, August 2018 to May 2019
Table 58 : B. Braun Melsungen AG: Revenues, by Product Segment, 2016-2018
Table 59 : Edwards Lifescience: Revenues, by Product Segment, 2016-2018
Table 60 : Edwards Lifescience Recent Developments, December 2017 to May 2019
Table 61 : General Electric Co.: Revenues, by Industrial Segment, 2016-2018
Table 62 : General Electric Co.: Revenues, by Industrial Segment, 2016-2018
Table 63 : Intuitive Surgical Inc.: Revenues, by Product Segment, 2016-2018
Table 64 : Intuitive Surgical Inc.: Recent Developments, April 2017 to May 2019
Table 65 : Johnson & Johnson: Revenues, by Product Segment, 2016-2018
Table 66 : Johnson & Johnson: Recent Developments, February 2018 to May 2019
Table 67 : Medtronic Inc.: Revenues, by Product Segment, 2016-2018
Table 68 : Medtronic Inc.: Recent Developments, June 2014 to May 2019
Table 69 : Olympus Corp.: Revenues, by Product Segment, 2016-2018
Table 70 : Olympus Corp.: Medical Segment Revenues, by Product Segment, 2016-2018
Table 71 : Olympus Corp.: Recent Developments, September 2017 to September 2018
Table 72 : Philips Healthcare: Revenues, by Product Segment, 2016-2018
Table 73 : Philips Healthcare Recent Developments, June 2014-May 2019
Table 74 : Roche Group: Revenues, by Segment, 2016-2018
Table 75 : Roche Group: Revenues, by Diagnostic Segment, 2016-2018
Table 76 : Roche Group: Product Development Portfolio
Table 77 : Siemens AG: Cardiovascular Assay Menu
Table 78 : Stryker Corp.: Revenues, by Product Segment, 2016-2018
Table 79 : Stryker Corp.: Product Portfolio
Table 80 : Stryker Corp.: Recent Developments, May 2017 to May 2019
Table 81 : Teleflex: Product Portfolio
Table 82 : Teleflex: Recent Developments, January 2016 to June 2019
Table 83 : Terumo Corp.: Revenues, by Product Segment, 2016 to March 31, 2018
Table 84 : Thermo Fisher Scientific: Product Portfolio
Table 85 : Thermo Fisher Scientific: Recent Developments, May 2017 to June 2019
Table 86 : Toshiba Medical Systems Corp.: Product Portfolio
Table 87 : Toshiba Medical Systems Corp.: Recent Developments, November 2016 to May 2019
Table 88 : Zimmer Biomet: Revenues, by Product Segment, 2016-2018
Table 89 : Zimmer: Product Portfolio
Table 90 : Zimmer: Recent Developments, June 2015-May 2019
Table 91 : Company Addresses and Contact Details
Table 92 : Company Addresses and Contact Details
Table 93 : Government Regulatory Agencies, Professional Organizations and Regulatory Acronyms
Table 94 : Commonly Used Acronyms Associated with Medical Device Innovation List of Figures
Summary Figure : Global Medical Device Market Shares, by Segment, 2018
Figure 1 : Stakeholders Involved in the Innovation Process
Figure 2 : Total Number of European Patent Applications Filed with the EPO, by Country, 2018
Figure 3 : Total Number of European Patent Applications Filed with the EPO, by Country, 2018
Figure 4 : Global Elderly Population Aged 60 Years and Above, by Region, 2015-2050
Figure 5 : Global Projected Growth Rate of Diabetes Incidences in Patients Aged 20–79 Years, 2010 and 2030
Figure 6 : United States M&A in Medical Devices Industry: Deal Value and Volume Trend, Q1-4 2018-Q1 2019
Figure 7 : Global Medical Device Market Shares, Segment, 2018
Figure 8 : Global Medical Device Market Shares, by Region, 2018
Figure 9 : North American Medical Device Market, by Segment, 2018
Figure 10 : European Medical Device Market, by Segment, 2018
Figure 11 : Asia-Pacific Medical Device Market, by Segment, 2018
Figure 12 : Latin American Medical Device Market, by Segment, 2018
Figure 13 : Middle Eastern and African Medical Device Market, by Segment, 2018
Figure 14 : French Pricing and Reimbursement Process for Medical Devices
Figure 15 : Overview of the Italian Healthcare System
Figure 16 : Market Access Pathway for Inpatient Medical Devices in Italy
Figure 17 : Market Access Pathway for Outpatient Medical Devices in Italy
Figure 18 : The Chinese Healthcare System
Figure 19 : The Medical Device Innovation Cycle
Figure 20 : Artificial Intelligence in Precision Cardiovascular Medicine
Figure 21 : Schematic for Wireless Body Sensor Networks (WBSNs)

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