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Global Medical Devices Market

Publisher Skyquest Technology Consulting
Published Sep 05, 2025
Length 444 Pages
SKU # SKTC20431772

Description

Global Medical Devices Market size was valued at USD 819.8 billion in 2024 and is projected to reach USD 1,270.0 billion by 2032, growing at a CAGR of 5.1% during the forecast period (2024–2032).

The market growth is driven by rising demand for advanced medical technologies in diagnostics, treatment, and monitoring, supported by increasing prevalence of chronic diseases, aging populations, and expanding healthcare infrastructure worldwide. Technological advancements such as AI integration, digital health, and wearable devices enhance patient care and outcomes. Government initiatives and favorable reimbursement policies further encourage adoption. Major product categories include diagnostic devices, monitoring devices, surgical devices, drug delivery systems, therapeutic devices, assistive and rehabilitative devices, life support equipment, consumer health and personal care devices, and medical software. Key regions include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, with Asia-Pacific emerging as a high-growth market.

Top-down and bottom-up approaches were employed to estimate and validate market size, incorporating data triangulated through expert interviews, financial reports, and secondary research. The market is segmented by product type, application (cardiology, oncology, diabetes care, respiratory care, etc.), end-user (hospitals, clinics, ambulatory surgical centers, research institutes), and geographic region.

Global Medical Devices Market Segments Analysis
The diagnostic devices segment holds the largest share, driven by demand for advanced imaging and diagnostic tools. Therapeutic devices and drug delivery systems also show robust growth. Hospitals remain the primary end-users, followed by clinics and ambulatory surgical centers. Geographically, North America and Europe represent mature markets, while Asia-Pacific leads in growth rate due to increasing healthcare investments.

Drivers of the Global Medical Devices Market
Key drivers include technological innovation, rising incidences of chronic and age-related diseases, increasing healthcare expenditure, adoption of digital health solutions, and supportive regulatory environments facilitating faster approvals and reimbursements.

Restraints in the Global Medical Devices Market
Major restraints involve stringent regulatory requirements, high research and development costs, market fragmentation, and challenges in penetration within emerging economies due to infrastructural and socioeconomic barriers.

Market Trends of the Global Medical Devices Market
Notable trends include growing use of AI and machine learning for diagnostics, increasing incorporation of IoT-enabled devices for remote monitoring, expansion of minimally invasive surgical instruments, emphasis on personalized medicine, and increasing ventures in emerging markets.

Leading companies in the global medical devices market focus on continuous innovation, strategic partnerships, expansion into emerging regions, and investment in digital health technologies to sustain competitive advantage and meet evolving healthcare needs.

Table of Contents

444 Pages
1. Introduction
 1.1 Objectives of the Study
 1.2 Market Definition & Scope
2. Research Methodology
 2.1 Research Process
 2.2 Secondary & Primary Data Methods
 2.3 Market Size Estimation Methods
 2.4 Market Assumptions & Limitations
3. Executive Summary
 3.1 Global Market Outlook
 3.2 Key Market Highlights
 3.3 Segmental Overview
4. Market Dynamics & Outlook
 4.1 Macro-Economic Indicators
 4.2 Supply Side Trends
 4.3 Demand Side Trends
 4.4 Drivers & Opportunities
 4.5 Restraints & Challenges
 4.6 Porters Analysis & Impact
  4.6.1 Competitive Rivalry
  4.6.2 Threat of Substitute
  4.6.3 Bargaining Power of Buyers
  4.6.4 Threat of New Entrants
  4.6.5 Bargaining Power of Suppliers
5. Key Market Insights
 5.1 Key Success Factors
 5.2 Market Impact Factor
 5.3 Top Investment Pockets
 5.4 Market Attractiveness Index, 2024
 5.5 PESTEL Analysis
 5.6 Patent Analysis
 5.7 Case Study Analysis
 5.8 Technology Analysis
 5.9 Value Chain Analysis
 5.10 Trade Analysis
 5.11 Supply Chain Analysis
 5.12 Regulatory Landscape
 5.13 Pricing Analysis
 5.14 Market Ecosystem
6. Global Medical Devices Market Size by Product (2019-2032)
 6.1 Market Overview
 6.2 Diagnostic Devices
  6.2.1 Medical Imaging Systems
   6.2.1.1 X-ray Systems
   6.2.1.2 Computed Tomography (CT)
   6.2.1.3 Magnetic Resonance Imaging (MRI)
   6.2.1.4 Ultrasound (US)
   6.2.1.5 Positron Emission Tomography (PET)
   6.2.1.6 Mammography
   6.2.1.7 Fluoroscopy
   6.2.1.8 Eye Imaging
   6.2.1.9 Other Medical Imaging System
  6.2.2 In Vitro Diagnostics (IVD)
   6.2.2.1 Laboratory-Based IVD Devices
    6.2.2.1.1 Clinical Chemistry Analyzers
    6.2.2.1.2 Immunoassay Analyzers
    6.2.2.1.3 Haematology Analyzers
    6.2.2.1.4 Molecular Diagnostics Analyzers
    6.2.2.1.5 Microbiology Analyzers
    6.2.2.1.6 Coagulation Analyzers
    6.2.2.1.7 Urinalysis Analyzers
    6.2.2.1.8 Electrolyte Analyzers
    6.2.2.1.9 Blood Gas Analyzers
    6.2.2.1.10 Drug Testing Analyzers
    6.2.2.1.11 Other Lab based IVD devices
   6.2.2.2 Point-of-Care IVD Devices
    6.2.2.2.1 Glucose Meters
    6.2.2.2.2 Blood Gas Electrolyte and Metabolite (BGEM)
    6.2.2.2.3 Cardiac Markers
    6.2.2.2.4 Infectious Diseases
    6.2.2.2.5 Pregnancy and fertility testing
    6.2.2.2.6 Alcohol & Drug Abuse
    6.2.2.2.7 Haemoglobin testing
    6.2.2.2.8 Cholesterol testing
    6.2.2.2.9 Urine chemistry
    6.2.2.2.10 Tumour markers
    6.2.2.2.11 Others Point of care IVD
  6.2.3 Smart and Wearable Diagnostics
   6.2.3.1 Audiometers
   6.2.3.2 ECG Monitoring
   6.2.3.3 Wearable Patch
   6.2.3.4 Wearable Glucose Meter
   6.2.3.5 Wearable Blood Pressure Monitors
   6.2.3.6 Electronic Skin Patches
   6.2.3.7 Sweat Sensors
   6.2.3.8 Smart Contact Lenses
   6.2.3.9 Others Smart and Wearable Diagnostics
  6.2.4 Others Diagnostic Equipment
   6.2.4.1 Endoscopic Equipment
   6.2.4.2 Pathological Equipment
   6.2.4.3 Stethoscopes
 6.3 Monitoring Devices
  6.3.1 Vital Signs Monitoring
   6.3.1.1 Pressure Monitors
   6.3.1.2 Pulse Oximeters
   6.3.1.3 Temperature Monitors
  6.3.2 Cardiac Monitoring
   6.3.2.1 Holter Monitors
   6.3.2.2 Event Monitors
   6.3.2.3 Remote Telemetry Systems
  6.3.3 Neurological Monitoring
   6.3.3.1 EEG Devices
   6.3.3.2 Intracranial Pressure Monitors
  6.3.4 Respiratory Monitoring
   6.3.4.1 Spirometers
   6.3.4.2 Capnography Devices
  6.3.5 Implantable Monitoring Devices
   6.3.5.1 Cardiac Event Recorders
   6.3.5.2 Others
  6.3.6 Fetal & Maternal Monitoring
  6.3.7 Home Healthcare Monitoring Devices
   6.3.7.1 Telehealth Kits
   6.3.7.2 Remote Monitoring Systems
   6.3.7.3 Medical Sensors
  6.3.8 Other Monitoring Devices
 6.4 Surgical Devices
  6.4.1 General Surgery Instruments
   6.4.1.1 Scalpels, Scissors, Forceps
   6.4.1.2 Surgical Staplers
   6.4.1.3 Surgical Clamps
   6.4.1.4 Surgical Trays
   6.4.1.5 Surgical Tables
   6.4.1.6 Electrosurgical
   6.4.1.7 Smoke Evacuation System
  6.4.2 Robotic and Minimally Invasive Surgery
   6.4.2.1 Robotic-Assisted Surgical Systems
   6.4.2.2 Autonomous Surgical Robots
   6.4.2.3 Laparoscopic Instruments
   6.4.2.4 Surgical Laser
  6.4.3 Ophthalmic Surgical Devices
   6.4.3.1 Cataract surgery devices
   6.4.3.2 Glaucoma surgery devices
   6.4.3.3 Refractive surgery device
   6.4.3.4 Vitreoretinal surgery devices
  6.4.4 Surgical Consumables and Disposable Devices
   6.4.4.1 Surgical Needles
   6.4.4.2 Lancets
   6.4.4.3 Guidewire
 6.5 Drug Delivery Devices
  6.5.1 Traditional Drug Delivery
   6.5.1.1 Infusion Pumps
   6.5.1.2 Syringes
   6.5.1.3 Nebulizers
   6.5.1.4 Auto-Injectors
  6.5.2 Targeted Drug Delivery
   6.5.2.1 Insulin Pumps
   6.5.2.2 Implantable Infusion Pumps
   6.5.2.3 Smart Patches
 6.5.3 Smart/Nano Drug Delivery
  6.5.3.1 Smart Inhalers
  6.5.3.2 Nano-Diamond-Based Drug Delivery Systems
  6.5.3.3 Artificial Pancreas Device Systems
 6.6 Therapeutic Devices
  6.6.1 Implantable Therapeutic Devices
   6.6.1.1 Defibrillators
   6.6.1.2 Pacemakers
   6.6.1.3 Orthopaedic Implants
   6.6.1.4 Others
  6.6.2 Coronary Intervention devices
   6.6.2.1 Stent
   6.6.2.2 Catheter
  6.6.3 Heart Pumps
   6.6.3.1 Ventricular Assist Devices (VAD)
   6.6.3.2 Others
  6.6.4 CPAP/BiPAP Machines
  6.6.5 Oxygen Concentrators
  6.6.6 Neuromodulation Devices
  6.6.7 Cochlear Implants
  6.6.8 Neuroprosthetics
  6.6.9 Ablation System
 6.7 Assistive and Rehabilitation Devices
  6.7.1 Mobility Aids
   6.7.1.1 Wheelchairs
   6.7.1.2 Walkers
   6.7.1.3 Crutches
   6.7.1.4 Others
  6.7.2 Rehabilitation Equipment
   6.7.2.1 Exercise bikes
   6.7.2.2 Parallel bars
   6.7.2.3 Assistive walking devices
   6.7.2.4 Traction Equipment
  6.7.3 Assistive Care Equipment
   6.7.3.1 Hospital Bed
   6.7.3.2 Breast Pumps
   6.7.3.3 Patient Lifts
   6.7.3.4 Bed Rails
   6.7.3.5 Hearing Aids
   6.7.3.6 Robotic Exoskeleton
   6.7.3.7 Bedside & Transport Monitoring
 6.8 Life Support Equipment
  6.8.1 Heart-lung Machines
  6.8.2 Incubator
  6.8.3 Dialysis Treatment equipment
  6.8.4 Radiotherapy Equipment
  6.8.5 Medical Ventilators
6.9 Consumer Health and Personal Care Devices
 6.9.1 Consumer Health Monitoring Devices
  6.9.1.1 Home Vital Sign Monitoring Devices
   6.9.1.1.1 Digital Thermometers
   6.9.1.1.2 Home Blood Pressure Monitors
   6.9.1.1.3 Pulse Oximeters
   6.9.1.1.4 Smart Scales
  6.9.1.2 Wearable ECG Monitors
  6.9.1.3 Heart Rate Monitors
  6.9.1.4 Wearable Sleep Trackers
  6.9.1.5 Sleep Apnea Monitors
  6.9.1.6 Stress Monitoring
  6.9.1.7 Others
 6.9.2 Personal Care Devices
  6.9.2.1 Oral Healthcare
   6.9.2.1.1 Electric Toothbrushes
   6.9.2.1.2 Others
  6.9.2.2 LED Light Therapy Masks
  6.9.2.3 Microdermabrasion Tools
  6.9.2.4 Skin Tightening Devices
  6.9.2.5 Laser Hair Growth Devices
 6.9.3 Wearable Health Devices
  6.9.3.1 Fitness Trackers
  6.9.3.2 Smartwatches
  6.9.3.3 Medical Smart Glass
  6.9.3.4 Smart Contact Lens
  6.9.3.5 Electronic Muscle Stimulators
 6.9.4 Female Health Devices
  6.9.4.1 Fertility Monitors
  6.9.4.2 Menstrual tampons
  6.9.4.3 Ovulation Trackers
  6.9.4.4 Others
 6.9.5 Medical test kits
 6.9.6 Nasal rinsing devices
7. Global Medical Devices Market Size by Class (2019-2032)
 7.1 Market Overview
 7.2 Class I
 7.3 Class II
 7.4 Class IV
 7.5 Class III
8. Global Medical Devices Market Size by Application (2019-2032)
 8.1 Market Overview
 8.2 Cardiology
 8.3 Orthopedics
 8.4 Neurology
 8.5 Respiratory Care
 8.6 Diabetes Care
 8.7 Ophthalmology
 8.8 General Surgery
 8.9 Gynaecology & Urology
 8.10 Oncology
 8.11 Others
9. Global Medical Devices Market Size by End-User (2019-2032)
 9.1 Market Overview
 9.2 Hospitals & Clinics
 9.3 Ambulatory Surgical Centers (ASCs)
 9.4 Diagnostic Laboratories
 9.5 Homecare Settings
 9.6 Research Institutes & Universities
10. Global Medical Devices Market Size (2019-2032)
 10.1 North America (By Product, By Class, By Application, By End-User)
  10.1.1 US
  10.1.2 Canada
 10.2 Europe (By Product, By Class, By Application, By End-User)
  10.2.1 UK
  10.2.2 Germany
  10.2.3 Spain
  10.2.4 France
  10.2.5 Italy
  10.2.6 Rest of Europe
 10.3 Asia-Pacific (By Product, By Class, By Application, By End-User)
  10.3.1 China
  10.3.2 India
  10.3.3 Japan
  10.3.4 South Korea
  10.3.5 Rest of Asia Pacific
 10.4 Latin America (By Product, By Class, By Application, By End-User)
  10.4.1 Brazil
  10.4.2 Mexico
  10.4.3 Rest of Latin America
 10.5 Middle East & Africa (By Product, By Class, By Application, By End-User)
  10.5.1 GCC Countries
  10.5.2 South Africa
  10.5.3 Rest of Middle East & Africa
11. Competitive Dashboard
 11.1 Top 5 Player Comparison
 11.2 Market Positioning of Key Players, 2024
 11.3 Strategies Adopted by Key Market Players
 11.4 Recent Developments in the Market
 11.5 Company Market Share Analysis, 2024
12. Key Company Profiles
 12.1 Medtronic plc
 12.2 Johnson & Johnson
 12.3 Siemens Healthineers AG
 12.4 Stryker Corporation
 12.5 Fresenius Medical Care
 12.6 GE Healthcare
 12.7 Koninklijke Philips N.V. (Philips)
 12.8 Abbott Laboratories
 12.9 OMRON Corporation
 12.10 F. Hoffmann-La Roche AG
 12.11 DexCom, Inc.
 12.12 Medline Industries, LP
 12.13 Becton, Dickinson and Company (BD)
 12.14 Withings S.A.S.
 12.15 Beurer GmbH
 12.16 Nihon Kohden Corporation
 12.17 Qardio, Inc.
 12.18 ICU Medical, Inc.
 12.19 Terumo Corporation
 12.20 iHealth Labs Inc.
 12.21 Contec Medical Systems Co., Ltd.
13. Conclusion & Analyst Recommendations

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