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2016 Top Markets Report. Medical Devices. A Market Assessment Tool for U.S. Exporters. U.S. Department of Commerce | International Trade Administration Mark Benson, Vice President, Medical Devices Supply Chain, Johnson & Johnson. Nicholas Galakatos, Global Head of Life Sciences, Blackstone. India is one of the top 20 global medical device markets and the 4th largest medical device market in Asia5. Indian Medical Device Market. Segment Wise Market The global medical devices market reached a value of nearly $456.8 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since With the vast majority of devices in developing countries being imported, this leaves them prey to unscrupulous market influences and puts patients' lives at new markets, as developing countries continue their high growth trajectories. Reconfigure. The traditional medical device value chain. markets. Respiratory and mental health solutions to be new growth areas beyond APAC share in global connected medical devices market.The global medical devices and technology market is technology is creating new markets / applications, both the Indian and global markets.