Global Medical Devices Market 2025-2029

Medical Devices Market 2025-2029

The medical devices market is forecasted to grow by USD 223 billion during 2024-2029, accelerating at a CAGR of 6.5% during the forecast period. The report on the medical devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prevalence of diseases, increasing initiatives and awareness by public and private organizations, and technological advances and new product launches.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's medical devices market is segmented as below:

By End-user

• Hospitals and ASCs
• Clinics
• Others

By Product Type

• Diagnostic devices
• Therapeutic devices
• Monitoring devices
• Assistive and rehabilitation devices
• Others

By Application

• Cardiovascular
• Orthopedic
• Diagnostic imaging
• Dental
• Others

By Geographical Landscape

• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies the emergence of innovative medical technologies as one of the prime reasons driving the medical devices market growth during the next few years. Also, increasing strategic mergers and acquisitions and increasing market penetration in emerging countries will lead to sizable demand in the market.

The report on the medical devices market covers the following areas:

• Medical Devices Market sizing
• Medical Devices Market forecast
• Medical Devices Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical devices market vendors that include Abbott Laboratories, B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Canon Inc., Cardinal Health Inc., Danaher Corp., F. Hoffmann La Roche Ltd., Fresenius SE and Co. KGaA, General Electric Co., Johnson and Johnson Services Inc., Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp., Olympus Corp., Siemens AG, Smith and Nephew PLC, Stryker Corp., and Zimmer Biomet Holdings Inc.. Also, the medical devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.