According to Goldstein Research, major driving factor is the portability of the devices coupled with the technology as the smaller size of the advanced medical devices also brings down costs by eliminating concerns with storage, portability, and weight, for instance, Neofect’s flagship product is the Raphael Smart Glove, a flexible robotic glove fitted with sensors to capture the patient’s motion and measure the degree of finger and wrist movement. Australia medical device market outlook also includes new product developments and capital investment as the key strategies adopted by the major players for significant expansion across the region.

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Market Segmentation

On the basis of our in-depth analysis, Australia medical device market can be segmented as follows:

By Product Type

• Dental equipment and supplies
• Electro-medical equipment
• In-Vitro diagnostics
• Irradiation apparatuses
• Surgical and medical instruments
• Surgical appliances and supplies

By Area Of Use

• Inpatient Care
• Outpatient Care
• Special Areas
• Patient Self-Monitoring
• Relative Medical Indication

By End User

• Hospitals
• Clinics
• Diagnostic Labs
• Homecare Settings

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“Australia Medical Device Market Outlook 2025” contains a detailed overview of the Australia medical device market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, by area of use and by end users.
Further, for the in-depth analysis, Australia Medical Device Market Analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Johnson & Johnson, Philips HealthCare, Medtronic Inc., GE HealthCare, Siemens AG, Novartis AG, Stryker Corp., 3M Company, Abbott Laboratories etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report embodies the Australia medical device market present and past trends along with market projection that will help industry consultants, technology providers, existing players probing for expansion opportunities, new market players examining for opportunities and other investors to positions their market centered strategies according to the evolving and expected trends in the future.

Key questions answered in this Australia medical device market report
• What is the Australia medical device market size by 2025 and what would be the expected growth rate of the industry?
• What is the total revenue per segment and region in 2016-17 and what would be the projected revenue per segment and county over the forecast period?
• What are the medical device market trends?
• What are the factors which are driving this industry?
• What are the major barriers to medical device industry growth?
• Who are the key market players in this industry space?
• What are the industry opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

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Our analysts working on healthcare market research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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