What Happened in Healthcare in 2019?

What Happened in Healthcare in 2019?


Dec 9, 2019

Blog Healthcare What Happened in Healthcare in 2019?

Between technological advancements and robust research developments, as well as demand for better infrastructure, the healthcare industry is anticipated to flourish in the coming years.

However, despite the positive outlook, companies are struggling to implement effective ways to enter the market and thrive against the competition. That’s why thorough market knowledge is vital for those in the industry.

In today’s post, we look at the highlights of the following markets, providing you with key insights for your project or report. 

Minimally Invasive Medical Devices

The market for minimally invasive devices (MIS) is a multibillion-dollar one. It’s a broad market, as it caters to the needs in variety of segments. Some of these different segments include:

  • Monitors and imaging equipment
  • Electrosurgical devices
  • Handheld instruments
  • Auxiliary devices and accessories 

Market Trends: 

  • The global market for MIS devices and instruments is expected to reach $29.9 billion by 2024, growing at a CAGR of 7.1%.
  • Surgical robots are the fastest-growing equipment/device segment, set to reach a CAGR of 13.2% by 2024.
  • Outpatient surgery centers make up the fastest-growing user market, with a projected CAGR of 8.8% through 2024, compared with a 6.6% rate for the U.S. market as a whole. 


The growing rate of hypertension and cardiovascular related deaths are an increasing concern to organizations around the world. Because of this, we’ve seen the implementation of new hypertension guidelines by governments, and that will have a direct impact on the growth of the global antihypertensives market.

Growth factors within the market are built upon:  

  • Growing prevalence of hypertension.
  • Strong product pipeline for the combination drug segment.
  • Strong investment in R&D by key market players.

Market Trends: 

  • The global market for antihypertensives is expected to grow at a CAGR of 1.1% to reach $27.8 billion by 2023.
  • Combination drugs as a drug class segment is anticipated to grow at a CAGR of 1.4% by 2023. 
  • Asia-Pacific is anticipated to achieve the highest CAGR, 1.5% through 2024.

Hospital Supplies

Growing awareness of hospital-acquired infections, as well as their prevention, has led to the rising demand for single-use and disposable hospital supplies. However, the market is facing difficulties that include:

  • Highly competitive market
  • Pricing pressure
  • Increasing trend of home healthcare 

That said, the market is also being fueled by a worldwide increase in the growing incidence and prevalence of chronic disease that eventually leads to hospitalization. Governments in many developed and developing countries have established standards that encourage the use of disposable hospital supplies.

Market trends: 

  • The global hospital supply market is expected to increase at a CAGR of 3.7% through 2023.
  • By product type, operating room equipment and mobility and transportation equipment are likely to grow at the higher CAGR (5.5% and 5.2% respectively) through 2023.
  • Asia-Pacific is anticipated to grow at the highest CAGR (4.4%) through 2023.

Learn more about the Healthcare Market 
For more intel about the healthcare market, check out our full report: 2019 Healthcare Research Review.  

    Stay ahead of industry trends, build your market research strategy and more.

    Clara Mouawad

    Written By Clara Mouawad

    Clara Mouawad is the content writer at BCC Research. She contributes to our blog, social media, email marketing and more.

    Guiding smart decisions every step of the way

    Guiding smart decisions every step of the way

    We are your trusted research partner, providing actionable insights and custom consulting across life sciences, advanced materials, and technology. Allow BCC Research to nurture your smartest business decisions today, tomorrow, and beyond.

    Contact Us