Medical Devices Market Size, Share & COVID-19 Impact Analysis, By Type (Orthopedic Devices, Cardiovascular Devices, Diagnostic Imaging, In-vitro Diagnostics, Minimally Invasive Surgery, Wound Management, Diabetes Care, Ophthalmic Devices, Dental Devices, Nephrology, General Surgery, and Others); By End-user (Hospitals & ASC’s, Clinics, and Others), and Regional Forecast, 2021-2028
Market Overview: The global medical devices market size is expected to gain momentum by reaching USD 657.98 billion by 2028 from USD 455.34 billion in 2021 while exhibiting a CAGR of 5.4% between 2021 to 2028. In its report titled, “ Medical Devices Market, 2021-2028 ,” Fortune Business Insights mentions that the market stood at USD 432.23 billion in 2020. Request for Free Sample Report PDF @ https://www.fortunebusinessinsights.com/enquiry/sample/medical-devices-market-100085 COVID-19 Impact The pandemic crippled the global economy. The manufacturing facilities saw a decline in their production capacity due to lockdown and stringent regulations imposed by governments amid pandemics to curb the spread of the virus. For instance, Johnson & Johnson Services, Inc. reported that it generated a revenue of USD 23.0 billion in the year 2020, which was a decline of 11.6% as compared to 2019. Medtronic, another key manufacturer of medical devices, witnessed a decline in th