The global medical devices market is expected to reach $827.88 billion by 2032, growing at a compound annual rate of 5.34%, according to a new report by Polaris Market Research.
Key drivers include the rising prevalence of chronic and cardiovascular diseases such as stroke, heart failure, and cardiomyopathy, which are fueling demand for medical devices in hospitals and clinics worldwide.
Additional growth factors include an aging global population, technological advancements, and the expansion of home healthcare services.
The report also highlights growing adoption of drug delivery devices, driven by the demand for more precise, efficient, and patient-friendly treatment solutions.
Source: healthcareasiamagazine.com
