The European neurovascular device market is a continuously growing industry, led by a forecasted increase of strokes and brain aneurysms.

The global elderly monitors market is projected to expand from $3.4 billion in 2023 to $5.7 billion by 2028, representing a compound annual growth rate (CAGR) of 11.2%.

An estimated 70 million Americans have insomnia, and 39 million suffer from obstructive sleep apnea (OSA), mostly undiagnosed. As obesity rates remain high, this problem is not likely to dissipate any time soon. Therefore, there is ample room for future growth of CPAP devices and sleep studies, performed at home or in specialized clinics.

Elective surgery is the key revenue-generating source for most hospitals, ambulatory surgery centers (ASCs) and other inpatient and outpatient centers. It is estimated that up to two-thirds of hospital revenue is generated by surgical procedures.

In recent years, the increasing prevalence of chronic diseases such as cardiovascular disorders and diabetes has led to a surge in the demand for advanced drug delivery systems that enable patients to self-administer their medications.

The human body has regenerative cells that hold tremendous capabilities to heal wounds. However, some chronic conditions such as diabetes, foot ulcers, pressure ulcers, and venous leg ulcers can stall the wound healing process.

The sleep apnea device market has undergone rapid transformation, driven by growing awareness about the consequences associated with disruptive or poor sleep conditions. Sleep apnea is a severe sleeping disorder in which a person experiences interruptive breathing or loud snoring.

Intraocular lenses (IOLs) are synthetic lenses that are used for replacing the natural lens of the eye. Most commonly, they are used to replace lenses that have been clouded by cataracts. Approximately 30 million cataract surgeries were performed worldwide in 2022.¹

Anesthesia disposables are products used in conjunction with anesthesia delivery units (ADUs) and anesthesia monitors during the administration of general anesthesia. Anesthesia disposables can be classified into four categories; anesthesia circuits, anesthesia masks, endotracheal tubes and laryngeal masks.

The AI in medical devices market has experienced an extraordinary surge, propelling from $15.42 billion in 2023 to an estimated $22.3 billion in 2024, showcasing a remarkable compound annual growth rate (CAGR) of 44.6%, as per The Business Research Company’s AI In Medical Devices Global Market Report 2024.