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Global Medical Device Market Projections
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Global medical device market projected to reach USD 834.72 billion by 2028, with a CAGR of 6.99% during the forecast period. The coronary stents market is driven by new product developments and the rising incidence of coronary artery diseases. The automated external defibrillator market is expected to grow at a CAGR of 8.78%, driven by the increasing prevalence of cardiac diseases and technological advancements. Sarcopenia treatment market is estimated to reach USD 3.76 billion by 2028, with a CAGR of 4.58%, driven by research and development efforts. The medical device market is projected to reach USD 834.72 billion by 2028, with a CAGR of 6.99%, with cardiology devices segment holding the largest market share and North America projected to account for major market growth.
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How might advancements in technology impact the development and adoption of medical devices in the future?
How might the projected growth in the medical device market influence healthcare systems and patient access to advanced treatments?
What are the potential challenges and opportunities for companies operating in the medical device market?
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