Global Medical Device Industry Snapshot, 2017

New Era of Healthcare Transformation Set to Disrupt Medical Device Industry

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Delivering value in the current dynamic healthcare environment will require a broad set of partnerships, relationships, and joint ventured initiatives. The breadth and scope of healthcare changes and range of different regional delivery systems all indicate that partnering models will be quite diverse. Realizing new insights, new approaches, and new sources of value within a meaningful time frame will require collaboration. The medical devices industry is experiencing an evolving reasoning for moving away from an input-based approach, that is, inputs from patients and physicians, to a value-and outcome-based approach, that is, improving the patient health outcomes. The main aim of this transformational shift is to provide the utmost benefit to a large population alongside a set of controlled resources.

Despite global political uncertainties and a sluggish economic outlook, 2017 will be a significant year for the global medical devices industry that promises the partial realization of major health policies and initiatives. Future medical devices will be more targeted to meet the unique needs of emerging markets (such as China, India, and Brazil), which demonstrate high growth opportunities compared with saturated developed markets in the Western hemisphere.

The pressure to reduce healthcare expenditure, intensifying competition, and consolidation of hospitals and health systems has resulted in unprecedented changes in the way medical device companies do business. The dynamic marketplace is transforming the traditional way of doing business and requires the medical device manufacturers to rethink their existing business models and create value proposition for customers through innovative products and solutions. This transformation of the medical device industry is fueled by ageing population, proliferation of chronic diseases, increasing emphasis on quality of care and treatment, stringent regulatory landscape focusing on patient safety and cost-containment, empowered and informed customers, and emerging technologies.

Research Scope: The medical device industry has been analyzed for the 2016-2017 period.

The global medical device market segment includes medical devices in cardiovascular, orthopedics, wound care, minimally invasive, neurology, endoscopy, anesthesia and respiratory, audiology, ophthalmology, urology & gynecology, aesthetics, and others such as durable medical equipment, hospital supplies, and so on.

Geographic Region: Global

Key questions this study will answer:
What are the top trends that will drive the medical devices industry in 2017? What impact will these trends have on the market?
What are the new business models, developments, and companies to watch out for in the medical devices industry in 2017?
What was the size of the total medical device industry in 2016, and how is it expected to grow in 2017?
What are the opportunities available for medical device manufacturers in key sectors in 2017?
What are the key takeaways from Frost & Sullivan’s CEO Survey?

Table of Contents

1. Executive Summary
Executive Summary—Recap of 2016 Trends in Medical Device Industry
Growth of Mobile Apps
Reimbursement Pressure Continues
Mega Mergers & Acquisitions
Big Data and IoT Penetration Deepens
Improve Efficiency Through Restructuring
2016–2017 Medical Device Industry—Top-of-mind Issues
Executive Summary—Evolution of Medical Device Industry
Executive Summary—Top Market Trends Driving the Medical Device Industry: 2016
Executive Summary—Top 5 Growth Sectors
Structural Heart
Robotics and Robot Assistance
Neuro-Devices
Integrated Patient Monitoring Devices
Diabetes Care
Executive Summary—Top 6 Technology Trends
Revolution in Diabetes Care
Penetration of 3D Printing
Innovation in Surgical Robots
Engineered Blood Vessels
Decade of Artificial Intelligence
Connected Cars and Trucks with Health Sensors
Executive Summary—Five Companies to Watch for in 2017
Zimmer Biomet
Panasonic Healthcare Holdings
Abbott
Boston Scientific
Johnson & Johnson
Frost & Sullivan’s CEO Survey Healthcare—Key Takeaways
2. Research Scope and Segmentation
Research Scope
3. Global Medical Devices Industry—An Overview
Global Medical Device Industry Market Snapshot, 2016–2017
Global Cardiovascular Devices Market Snapshot, 2016
Global Orthopedic Devices Market Snapshot, 2016
Global Wound Care Market Snapshot, 2016
Global Endoscopy Devices Market Snapshot, 2016
Global Sterilization and Decontamination Equipment Market Snapshot, 2016
Evolving Medical Device Industry Landscape
Six Big Themes Transforming Medical Device Industry
4. 2017 Medical Devices Industry—Transformational Shifts
Factors Changing the Traditional Way of the Medical Device Industry
Top 6 Transformational Shifts Shaping Future of the Medical Device Industry
Digital Transformation in Medical Device Industry
Customer Evolution in Medical Device Industry
Consumerization in Medical Device Industry
Road to Value-based Reimbursement (VBR) in Medical Device Industry
Customer Contract Evolution in Medical Device Industry
Key Challenges Leading to New Business Models
Emerging Product-based Business Models in Medical Device Industry
Evolution of Medical Device Service-based Business Models
Key Factors Driving Medical Device Business Model Shift
5. Trends Shaping the Global Medical Device Industry in 2017
Top Market Trends Driving the Medical Devices Industry
Trend 1—Stage Set for Connected/Digital Health in Implants
Case—CardioMEMS Heart Failure System
Trend 2—Vendors Shift their Business Models for Growth Opportunity
Case—Syncera—Rep Free Orthopaedic Supply Chain Model
Trend 3—Moving Beyond Care Towards Patient Engagement
Case—Stryker Performance Solutions JointCOACH
Trend 4—Market Consolidation and Portfolio Optimization
Case—J&J Medical Device Business Restricting
Trend 5—Payer Vendor Partnerships Set to Rise Rapidly
Case—UnitedHealth Insurance Partnership with Medtronic
6. Growth Opportunity—Opportunity Analysis
Transformation in the Medical Device Industry Ecosystem—2017
Growth Opportunity 1—Collaborations and Partnerships from Vendors
Capabilities of Healthcare Firms in Providing Patient-centric Solutions
Strategic Imperatives
Growth Opportunity 2—Changing Value Propositions of Providers
Growth Opportunity 2—Connectivity Facilitates New Business Models
Growth Opportunity 3—Fast Growing Segments in Medical Device Industry During 2016–2020
Growth Opportunity 3—Global Medical Devices Market Opportunity Heat Map
Growth Opportunity 4—Technology Opportunity in Medical Device Industry for Select Segments
7. Competitive Analysis—2016
Top 20 Companies in Medical Device Industry in 2015 and 2016
Analysis of M&A Deals in Global Medical Device Industry
M&A—Deals by Top Medical Device Companies in 2016
Megamerger of the Year—Abbott’s Acquisition of St. Jude Medical
Fast Growing Companies in Medical Device Industry to Watch in 2016
8. Regional Market Trends and Analysis—2016
Regional Medical Device Industry Outlook
Regional Analysis of Medical Device Industry—United States
Regional Analysis of Medical Device Industry—Europe
Regional Analysis of Medical Device Industry—APAC
US Medical Devices Industry—Overview
European Medical Device Industry—Overview
China Medical Device Industry—Overview
Russia Medical Device Industry—Overview
India Medical Device Industry—Overview
Japan Medical Device Industry—Overview
Select Medical Device Start-ups to Watch in 2017—Developed Regions
Select Medical Device Start-ups to Watch in 2017—Emerging Regions
Pursuit of Emerging Markets and Expanding Global Coverage
9. Conclusion and Future Perspectives
Key Conclusion and Future of Medical Device Industry
10. Frost & Sullivan’s CEO Survey
Key Growth Objectives Over the Next 5 Years
Key Growth Strategies for the Next 3 Years
Growth Opportunity Themes for Healthcare
Regional Distribution of Growth Resources
Ability to Conduct Different Strategies
External Growth Challenges
Internal Growth Challenges
Potentially Disruptive Business Models
Top 5 Findings—CEOs’ Perspectives on Growth, Innovation, and Leadership
Frost & Sullivan’s Healthcare CEO Survey—Key Findings
11. Appendix
Mergers and Acquisitions in Medical Device Industry—2016
12. The Frost & Sullivan Story

Infographic



List of Figures & Charts

1. Sterilization and Decontamination Equipment Market: Top Companies, Global, 2016
2. Medical Device Industry: Factors Driving Business Model Shift, Global
3. Medical Device Industry: Capabilities to Provide Patient-centric Solutions, Global, 2016
4. Medical Device Industry: Analysis of Fast Growing Segments, Global, 2016–2020
5. Medical Device Industry: Opportunity Heat Map in Medical Device Industry by Segments, Global, 2016–2020
6. Medical Device Industry: Top 20 Companies in Medical Device Industry, Global, 2015 and 2016
7. Medical Device Industry: M&A Analysis, Global, 2016
8. Medical Device Industry: Start-ups to Watch, Developed Regions, 2017
9. Medical Device Industry: Start-ups to Watch, Emerging Regions, 2017


1. Medical Device Industry: Recap of 2016, Global, 2016
2. Medical Device Industry: Top-of-mind Issues, Global, 2017
3. Medical Device Industry: Industry Evolution, Global
4. Medical Device Industry: Top 5 Trends, Global, 2016
5. Medical Device Industry: Research Scope, Global, 2016
6. Medical Device Industry: Revenue Forecast, Global, 2016–2017
7. Medical Device Industry: Percent Sales by Segment, Global, 2016
8. Medical Device Industry: Percent Sales by Region, Global, 2016
9. Cardiovascular Devices Market: Revenue Forecast, Global, 2016 and 2017
10. Cardiovascular Devices Market: Revenue Share by Region, Global, 2016
11. Cardiovascular Devices Market: Revenue Share by Sector, Global, 2016
12. Cardiovascular Devices Market: Market Share, Global, 2016
13. Orthopedic Devices Market: Revenue Forecast, Global, 2016 and 2017
14. Orthopedic Devices Market: Revenue Share by Sector, Global, 2016
15. Orthopedic Devices Market: Revenue Share by Region, Global, 2016
16. Orthopedic Devices Market: Market Share, Global, 2016
17. Wound Care Market: Revenue Forecast, Global, 2016 and 2017
18. Wound Care Market: Revenue Share by Region, Global, 2016
19. Wound Care Market: Revenue Share by Sector, Global, 2016
20. Wound Care Market: Market Share, Global, 2016
21. Endoscopy Devices Market: Revenue Forecast, Global, 2016 and 2017
22. Endoscopy Devices Market : Revenue Share by Region, Global, 2016
23. Endoscopy Devices Market: Revenue Share by Sector, Global, 2016
24. Endoscopy Devices Market: Market Share, Global, 2016
25. Sterilization and Decontamination Equipment Market: Revenue Forecast, Global, 2016 and 2017
26. Sterilization and Decontamination Equipment Market: Revenue Share by Region, Global, 2016
27. Sterilization and Decontamination Equipment Market: Revenue Share by Sector, Global, 2016
28. Medical Device Industry: Evolving Medical Device Industry Future, Global, 2016
29. Medical Device Industry Performance: Industry Average, Global, 2009–2015
30. Medical Device Industry: Revenue Growth and Operating Margin, Global, 2009–2015
31. Consumer Price Index (CPI) Percentage Change, US, 2001–2011
32. Key Healthcare Segments–Investment Trend, US, 2011–2015
33. Medical Device Industry: Digital Transformation, Global, 2010–2025
34. Medical Device Industry: Evolving Customers, Global
35. Medical Device Industry: Top Market Trends, Global, 2016
36. Medical Device Industry: Connected/Digital Health, Global, 2017–2025
37. Medical Devices Industry: St. Jude Medical, Global, 2017–2025
38. Medical Device Industry: New Business Models, Global, 2017–2025
39. Medical Device Industry: Patient Engagement, Global, 2007–2025
40. Healthcare Spending by Type of Activity Global, 2007, 2012, and 2025
41. Medical Device Industry: Market Consolidation and Portfolio Optimization, Global, 2017–2025
42. Medical Device Industry: Payer-Vendor Partnership, Global, 2017–2025
43. Medical Device Industry: Payer-Vendor Partnerships, Global, 2017–2025
44. Medical Device Industry: Comparative Analysis of B2B and B2C Models, Global, 2016
45. Medical Device Industry: Analysis of Fast Growing Segments, Global, 2016–2020
46. Medical Device Industry: Technology Opportunity by Segments, Global, 2016–2020
47. Medical Device Industry: Regional Revenue Analysis, Global, 2016 and 2017
48. Medical Device Industry: Trends, Drivers, and Restraints, US, 2016
49. Medical Device Industry: Trends, Drivers, and Restraints, Europe, 2016
50. Medical Device Industry: Trends, Drivers, and Restraints, China, 2016
51. Medical Device Industry: Trends, Drivers, and Restraints, Russia, 2016
52. Medical Device Industry: Trends, Drivers, and Restraints, India, 2016
53. Medical Device Industry: Trends, Drivers, and Restraints, Japan, 2016
54. Medical Device Industry: Expansion, Global, 2016
55. Medical Device Industry: Key Conclusion and Future, Global, 2016
56. Medical Device Industry: Key Growth Objectives—CEO Survey, Global
57. Medical Device Industry: Key Growth Strategies—CEO Survey, Global
58. Medical Device Industry: Key Growth Opportunity Themes—CEO Survey, Global, 2016
59. Medical Device Industry: Regional Distribution of Growth Resources—CEO Survey, Global, 2016
60. Medical Device Industry: Ability to Conduct Different Strategies—CEO Survey, Global, 2016
61. Medical Device Industry: Key External Growth Challenges—CEO Survey, Global, 2016
62. Medical Device Industry: Key Internal Growth Challenges–CEO Survey, Global, 2016
63. Medical Device Industry: Potentially Disruptive Business Models—CEO Survey, Global, 2016



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