Research Nester released a report titled “Agile-Based Medical Devices Design Market: Global Demand Analysis & Opportunity Outlook 2027″which delivers detailed overview of the global Agile-based medical devices design market in terms of market segmentation by design phase, by Agile methodology, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Agile-based development is an iterative methodology in which the several components involved in development of medical devices are fragmented into smaller parts which are then individually worked upon. The design is developed and tested multiple times in this method that leads to the creation of highly improved medical device design. Agile-based medical devices design market is estimated to grow with a significant CAGR during the forecast period, ie, 2019-2027.
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The market is segmented by design phase, by Agile methodology, by end user and by region. On the basis of end user, the market if further segmented into medical device manufacturers, hospitals and others, out of which, the medical device manufacturers segment is anticipated to hold the leading share in the market. This can be attributed to the growing demand for Agile-based methods for the manufacture of medical devices by manufacturers in the medical and healthcare industry.
The higher efficiency of products developed and the possibility of making changes in the designs at any level of development are additional factors supporting the growth of this segment during the upcoming years.
The market in North America is estimated to hold the largest market share in Agile-based medical devices design market on account of presence of developed healthcare industry in countries such as the US and increasing technological advances in the region. On the other hand, the markets in Europe and Asia Pacific regions are also anticipated to grow during the forecast period as a result of growing medical industry and increasing demand for better quality medical devices.
Rising Demand For Agile-Based Approach To Drive The Market Growth
Growing usage of Agile-based designs in the medical industry on account of higher efficiency and faster delivery of designs is a notable factor estimated to propel the market growth. This approach enables the developers and clients to communicate and obtain feedback in order to develop an optimal device. The ability of this method to allow changes to be made at every step of development procedure is another factor anticipated to result in the substantial market growth during the forecast period.
However, the large customer demands that require frequent changes to the medical device designs is a limiting factor that is estimated to restrain the market growth.
This report also provides the existing competitive scenario of some of the key players of the global Agile-based medical devices design market which includes company profiling:
Agile Medical Device,
Oracle (ORCL),
HP (HPQ),
IBM (IBM),
Innokas Medical Ltd.,
Agile MV,
Velentium LLC.,
StarFish Product Engineering Inc.,
Orcanos and Eckelmann AG.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Agile-based medical devices design market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Research Nester:
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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