ICT in the Medical Devices Sector: Market Opportunity Forecasts to 2029
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This model provides historical data and forecasts for ICT products and services in the Medical Devices Sector
The global medical devices sector ICT market was valued at US$ 83.25 billion in 2024 and will grow at a compounded annual growth rate (CAGR) of 11.46% to reach US$ 143.19 billion by 2029. The cumulative revenue generation for ICT in the medical devices sector is estimated at US$ 654.17 billion for 2024-2029. The Asia Pacific region dominated the medical devices ICT market with a revenue share of 36.3% in 2024. Undoubtedly, China was the major contributor to the medical devices sector ICT market growth in this region.
Scope
This product provides revenue opportunity forecasts for ICT products and services in the Medical Devices sector from 2020 to 2029, spanning 18 IT Solutions, 128 Products/Services, 6 regions, and 59 geographies. The details of the IT solutions and the corresponding Products/Services has been provided.
Key Highlights
- The global ICT in the Medical Devices sector market is expected to grow at a CAGR of 59% during the forecast period.
- The sector’s top three product/service categories – SaaS, Systems Design and Integration, and IoT Hardware.
- Asia-Pacific is expected to be the highest regional contributor with a market share of 46.9%, in the global ICT market in the Medical Devices sector, during the forecast period. Western Europe and Middle East & Africa will follow with market shares of 27.6% and 10.6%, respectively. The Middle East Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 9%.
- SaaS is expected to be the leading product/service segment of the ICT in the Medical Devices sector market during the forecast period.
Reasons to Buy
Access the current state and 5-year growth of ICT in the Medical Devices sector, along with historical trends, to identify fastest-growing products/services, most lucrative IT solutions, key geographies, and forward-looking enterprise investment strategies for profitable opportunities.
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