Women looking for Men - Medical Devices Market set for rapid growth forecast 2023-2029

The Global Medical Devices Market is likely to derive growth from recent technological advancements. According to a report published by Fortune Business Insights, The global medical devices market size was valued at USD 488.98 billion in 2021. The market is projected to grow from USD 495.46 billion in 2022 to USD 718.92 billion by 2029, exhibiting a CAGR of 5.5% during the forecast period.
https://www.fortunebusinessinsights.com/industry-reports/medical-devices-market-100085

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Leading Players operating in the Medical Devices Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
• Medtronic
• DePuy Synthes
• Fresenius Medical care
• Philips Healthcare
• GE Healthcare
• Ethicon LLC.
• Siemens Healthiness
• Cardinal Health
• Stryker
• BD
• Baxter International Inc.
Massive Supply Chain Disruptions to Hamper the Market
The COVID-19 outbreak has had a crippling effect on the global supply chain and logistics. With a large number of major economies such as India and Italy going under prolonged periods of lockdown, transfer of medical devices and services across international borders has been severely stymied. More importantly, majority of the world’s leading medical devices companies have their manufacturing facilities stationed in China. Being the epicenter of the outbreak, China has suspended most of its industrial activities. As a result, timely delivery of necessary medical devices has been affected and the medical devices market trends have been negatively impacted in the process.