Medical Market
The Global Medical Devices Market size was valued at 542.21 billion USD in 2024 and is supposed to grow by approx. 6.5% per year.
Currently North America is dominating the medical devices market with a market share of more than 35% in 2024.
The aging global population, increasing prevalence of chronic diseases, and advancements in medical technology are some of the main reasons for this growth.
Wound & Skin Care or Ostomy & Continence Care
The Healthcare Industry is impacted by two significant factors - the increasing global population and the rise in average life expectancy.
These demographic shifts will create new challenges and opportunities for the Medical Market.
Two of the segments of the Medical Market are Wound & Skin Care, means Classic Wound Care and Advanced Wound Care, and Ostomy & Continence Care.
