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Medical Devices Market Size, Share, and Trends 2024 to 2034

The global medical devices market size is calculated at USD 678.88 billion in 2025 and is expected to reach around USD 1,146.95 billion by 2034, expanding at a CAGR of 6% from 2025 to 2034. The North America medical devices market size reached USD 256.18 billion in 2024 and is expanding at a CAGR of 6.05% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1129
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Medical Devices Market 

5.1. COVID-19 Landscape: Medical Devices Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Medical Devices Market, By Type

8.1. Medical Devices Market Revenue and Volume, By TypeEnd-user

8.1.1 Diagnostic Imaging

8.1.1.1. Market Revenue and Volume Forecast End-user

8.1.2. Orthopedic Devices

8.1.2.1. Market Revenue and Volume Forecast End-user

8.1.3. Cardiovascular Devices

8.1.3.1. Market Revenue and Volume Forecast End-user

8.1.4. Minimally Invasive Surgical (MIS)

8.1.4.1. Market Revenue and Volume Forecast End-user

8.1.5. Wound Management

8.1.5.1. Market Revenue and Volume Forecast End-user

8.1.6. Diabetes Care

8.1.6.1. Market Revenue and Volume Forecast End-user

8.1.7. Ophthalmic Devices

8.1.7.1. Market Revenue and Volume Forecast End-user

8.1.8. General Surgery

8.1.8.1. Market Revenue and Volume Forecast End-user

8.1.9. Dental Devicess

8.1.9.1. Market Revenue and Volume Forecast End-user

8.1.10. In Vitro Diagnostics (IVD)

8.1.10.1. Market Revenue and Volume Forecast End-user

8.1.11. Others

8.1.11.1. Market Revenue and Volume Forecast End-user

Chapter 9. Global Medical Devices Market, By End-user

9.1. Medical Devices Market Revenue and Volume, By End-userEnd-user

9.1.1. Hospitals & Ambulatory Surgery Centers (ASCs)

9.1.1.1. Market Revenue and Volume Forecast End-user

9.1.2. Clinics

9.1.2.1. Market Revenue and Volume Forecast End-user

9.1.3. Others

9.1.3.1. Market Revenue and Volume Forecast End-user

Chapter 10. Global Medical Devices Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Type End-user

10.1.2. Market Revenue and Volume Forecast, By End-user End-user

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Type End-user

10.1.3.2. Market Revenue and Volume Forecast, By End-user End-user

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Type End-user

10.1.4.2. Market Revenue and Volume Forecast, By End-user End-user

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Type End-user

10.2.2. Market Revenue and Volume Forecast, By End-user End-user

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Type End-user

10.2.3.2. Market Revenue and Volume Forecast, By End-user End-user

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Type End-user

10.2.4.2. Market Revenue and Volume Forecast, By End-user End-user

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Type End-user

10.2.5.2. Market Revenue and Volume Forecast, By End-user End-user

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Type End-user

10.2.6.2. Market Revenue and Volume Forecast, By End-user End-user

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Type End-user

10.3.2. Market Revenue and Volume Forecast, By End-user End-user

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Type End-user

10.3.3.2. Market Revenue and Volume Forecast, By End-user End-user

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Type End-user

10.3.4.2. Market Revenue and Volume Forecast, By End-user End-user

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Type End-user

10.3.5.2. Market Revenue and Volume Forecast, By End-user End-user

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Type End-user

10.3.6.2. Market Revenue and Volume Forecast, By End-user End-user

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Type End-user

10.4.2. Market Revenue and Volume Forecast, By End-user End-user

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Type End-user

10.4.3.2. Market Revenue and Volume Forecast, By End-user End-user

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Type End-user

10.4.4.2. Market Revenue and Volume Forecast, By End-user End-user

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Type End-user

10.4.5.2. Market Revenue and Volume Forecast, By End-user End-user

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Type End-user

10.4.6.2. Market Revenue and Volume Forecast, By End-user End-user

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Type End-user

10.5.2. Market Revenue and Volume Forecast, By End-user End-user

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Type End-user

10.5.3.2. Market Revenue and Volume Forecast, By End-user End-user

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Type End-user

10.5.4.2. Market Revenue and Volume Forecast, By End-user End-user

Chapter 11. Company Profiles

11.1. DePuy Synthes

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Medtronics Plc

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Fesenius Medical Care

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. GE Healthcare

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Philips Healthcare

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Ethicon LLC

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Siemens Healthineers

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Stryker

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Cardinal Health

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Baxter International Inc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global medical devices market size was valued at USD 640.45 billion in 2024 and expected to be worth around USD 1,146.95 billion by 2034.

The global medical devices market is growing at a compound annual growth rate (CAGR) of 6% during the forecast period 2025 to 2034.

The increasing prevalence of chronic diseases that include cancer and diabetes expected to contribute prominently in driving the medical devices market. Furthermore, unhealthy lifestyle and eating habits also attracts other types of critical diseases that further expected to flourish the demand for medical devices in the near future.

In 2024, North America captured the largest revenue share and anticipated to continue its dominance over the upcoming years because of developed healthcare infrastructure.

The Asia Pacific emerged as the fastest growing region during the forecast period owing to rising ageing population, increasing per capita income, and growing health concern among the people.

The major key players operating in medical devices market are DePuy Synthes, Medtronics Plc, Fesenius Medical Care, GE Healthcare, Philips Healthcare, Ethicon LLC, Siemens Healthineers, Stryker, Cardinal Health, Baxter International Inc., BD among others.

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