Medical Devices Industry Research Report 2025

Summary


A medical device is any apparatus, appliance, software, material, or other article—whether used alone or in combination, including the software intended by its manufacturer to be used specifically for diagnostic and/or therapeutic purposes and necessary for its proper application.

According to APO Research, The global Medical Devices market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Medical Devices is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Medical Devices is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Medical Devices is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global companies of Medical Devices include Medtronic, Johnson & Johnson, GE Healthcare, Abbott, Siemens Healthineers, Philips Health, Stryker, Becton Dickinson and Boston Scientific, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Medical Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Devices.
The Medical Devices market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Medical Devices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Medical Devices Segment by Company

Medtronic
Johnson & Johnson
GE Healthcare
Abbott
Siemens Healthineers
Philips Health
Stryker
Becton Dickinson
Boston Scientific
Danaher
Zimmer Biomet
Essilor
Novartis
3M Health Care
B. Braun
Olympus
Terumo
Baxter
Smith & Nephew
Dentsply Sirona
Varian Medical Systems
Getinge
Edwards Lifesciences
Medical Devices Segment by Type

In Vitro Diagnostics
Cardiology
Diagnostic Imaging
Orthopedics
Other
Medical Devices Segment by Application

Hospital
Consumer
Medical Devices Segment by Application

Hospital
Consumer
Medical Devices Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Medical Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Medical Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Medical Devices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Medical Devices companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Medical Devices by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031)
2.2.2 In Vitro Diagnostics
2.2.3 Cardiology
2.2.4 Diagnostic Imaging
2.2.5 Orthopedics
2.2.6 Other
2.3 Medical Devices by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031)
2.3.2 Hospital
2.3.3 Consumer
2.4 Assumptions and Limitations
3 Medical Devices Breakdown Data by Type
3.1 Global Medical Devices Historic Market Size by Type (2020-2025)
3.2 Global Medical Devices Forecasted Market Size by Type (2026-2031)
4 Medical Devices Breakdown Data by Application
4.1 Global Medical Devices Historic Market Size by Application (2020-2025)
4.2 Global Medical Devices Forecasted Market Size by Application (2026-2031)
5 Global Growth Trends
5.1 Global Medical Devices Market Perspective (2020-2031)
5.2 Global Medical Devices Growth Trends by Region
5.2.1 Global Medical Devices Market Size by Region: 2020 VS 2024 VS 2031
5.2.2 Medical Devices Historic Market Size by Region (2020-2025)
5.2.3 Medical Devices Forecasted Market Size by Region (2026-2031)
5.3 Medical Devices Market Dynamics
5.3.1 Medical Devices Industry Trends
5.3.2 Medical Devices Market Drivers
5.3.3 Medical Devices Market Challenges
5.3.4 Medical Devices Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Medical Devices Players by Revenue
6.1.1 Global Top Medical Devices Players by Revenue (2020-2025)
6.1.2 Global Medical Devices Revenue Market Share by Players (2020-2025)
6.2 Global Medical Devices Industry Players Ranking, 2023 VS 2024 VS 2025
6.3 Global Key Players of Medical Devices Head Office and Area Served
6.4 Global Medical Devices Players, Product Type & Application
6.5 Global Medical Devices Manufacturers Established Date
6.6 Global Medical Devices Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Medical Devices Market Size (2020-2031)
7.2 North America Medical Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 North America Medical Devices Market Size by Country (2020-2025)
7.4 North America Medical Devices Market Size by Country (2026-2031)
7.5 United States
7.5 United States
7.6 Canada
7.7 Mexico
8 Europe
8.1 Europe Medical Devices Market Size (2020-2031)
8.2 Europe Medical Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
8.3 Europe Medical Devices Market Size by Country (2020-2025)
8.4 Europe Medical Devices Market Size by Country (2026-2031)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Spain
8.10 Russia
8.11 Netherlands
8.12 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Medical Devices Market Size (2020-2031)
9.2 Asia-Pacific Medical Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Asia-Pacific Medical Devices Market Size by Country (2020-2025)
9.4 Asia-Pacific Medical Devices Market Size by Country (2026-2031)
9.5 China
9.6 Japan
9.7 South Korea
9.8 India
9.9 Australia
9.10 China Taiwan
9.11 Southeast Asia
10 South America
10.1 South America Medical Devices Market Size (2020-2031)
10.2 South America Medical Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 South America Medical Devices Market Size by Country (2020-2025)
10.4 South America Medical Devices Market Size by Country (2026-2031)
10.5 Brazil
10.6 Argentina
10.7 Chile
10.8 Colombia
10.9 Peru
11 Middle East & Africa
11.1 Middle East & Africa Medical Devices Market Size (2020-2031)
11.2 Middle East & Africa Medical Devices Market Growth Rate by Country: 2020 VS 2024 VS 2031
11.3 Middle East & Africa Medical Devices Market Size by Country (2020-2025)
11.4 Middle East & Africa Medical Devices Market Size by Country (2026-2031)
11.5 Saudi Arabia
11.6 Israel
11.7 United Arab Emirates
11.8 Turkey
11.9 Iran
11.10 Egypt
12 Players Profiled
12.1 Medtronic
12.1.1 Medtronic Company Information
12.1.2 Medtronic Business Overview
12.1.3 Medtronic Revenue in Medical Devices Business (2020-2025)
12.1.4 Medtronic Medical Devices Product Portfolio
12.1.5 Medtronic Recent Developments
12.2 Johnson & Johnson
12.2.1 Johnson & Johnson Company Information
12.2.2 Johnson & Johnson Business Overview
12.2.3 Johnson & Johnson Revenue in Medical Devices Business (2020-2025)
12.2.4 Johnson & Johnson Medical Devices Product Portfolio
12.2.5 Johnson & Johnson Recent Developments
12.3 GE Healthcare
12.3.1 GE Healthcare Company Information
12.3.2 GE Healthcare Business Overview
12.3.3 GE Healthcare Revenue in Medical Devices Business (2020-2025)
12.3.4 GE Healthcare Medical Devices Product Portfolio
12.3.5 GE Healthcare Recent Developments
12.4 Abbott
12.4.1 Abbott Company Information
12.4.2 Abbott Business Overview
12.4.3 Abbott Revenue in Medical Devices Business (2020-2025)
12.4.4 Abbott Medical Devices Product Portfolio
12.4.5 Abbott Recent Developments
12.5 Siemens Healthineers
12.5.1 Siemens Healthineers Company Information
12.5.2 Siemens Healthineers Business Overview
12.5.3 Siemens Healthineers Revenue in Medical Devices Business (2020-2025)
12.5.4 Siemens Healthineers Medical Devices Product Portfolio
12.5.5 Siemens Healthineers Recent Developments
12.6 Philips Health
12.6.1 Philips Health Company Information
12.6.2 Philips Health Business Overview
12.6.3 Philips Health Revenue in Medical Devices Business (2020-2025)
12.6.4 Philips Health Medical Devices Product Portfolio
12.6.5 Philips Health Recent Developments
12.7 Stryker
12.7.1 Stryker Company Information
12.7.2 Stryker Business Overview
12.7.3 Stryker Revenue in Medical Devices Business (2020-2025)
12.7.4 Stryker Medical Devices Product Portfolio
12.7.5 Stryker Recent Developments
12.8 Becton Dickinson
12.8.1 Becton Dickinson Company Information
12.8.2 Becton Dickinson Business Overview
12.8.3 Becton Dickinson Revenue in Medical Devices Business (2020-2025)
12.8.4 Becton Dickinson Medical Devices Product Portfolio
12.8.5 Becton Dickinson Recent Developments
12.9 Boston Scientific
12.9.1 Boston Scientific Company Information
12.9.2 Boston Scientific Business Overview
12.9.3 Boston Scientific Revenue in Medical Devices Business (2020-2025)
12.9.4 Boston Scientific Medical Devices Product Portfolio
12.9.5 Boston Scientific Recent Developments
12.10 Danaher
12.10.1 Danaher Company Information
12.10.2 Danaher Business Overview
12.10.3 Danaher Revenue in Medical Devices Business (2020-2025)
12.10.4 Danaher Medical Devices Product Portfolio
12.10.5 Danaher Recent Developments
12.11 Zimmer Biomet
12.11.1 Zimmer Biomet Company Information
12.11.2 Zimmer Biomet Business Overview
12.11.3 Zimmer Biomet Revenue in Medical Devices Business (2020-2025)
12.11.4 Zimmer Biomet Medical Devices Product Portfolio
12.11.5 Zimmer Biomet Recent Developments
12.12 Essilor
12.12.1 Essilor Company Information
12.12.2 Essilor Business Overview
12.12.3 Essilor Revenue in Medical Devices Business (2020-2025)
12.12.4 Essilor Medical Devices Product Portfolio
12.12.5 Essilor Recent Developments
12.13 Novartis
12.13.1 Novartis Company Information
12.13.2 Novartis Business Overview
12.13.3 Novartis Revenue in Medical Devices Business (2020-2025)
12.13.4 Novartis Medical Devices Product Portfolio
12.13.5 Novartis Recent Developments
12.14 3M Health Care
12.14.1 3M Health Care Company Information
12.14.2 3M Health Care Business Overview
12.14.3 3M Health Care Revenue in Medical Devices Business (2020-2025)
12.14.4 3M Health Care Medical Devices Product Portfolio
12.14.5 3M Health Care Recent Developments
12.15 B. Braun
12.15.1 B. Braun Company Information
12.15.2 B. Braun Business Overview
12.15.3 B. Braun Revenue in Medical Devices Business (2020-2025)
12.15.4 B. Braun Medical Devices Product Portfolio
12.15.5 B. Braun Recent Developments
12.16 Olympus
12.16.1 Olympus Company Information
12.16.2 Olympus Business Overview
12.16.3 Olympus Revenue in Medical Devices Business (2020-2025)
12.16.4 Olympus Medical Devices Product Portfolio
12.16.5 Olympus Recent Developments
12.17 Terumo
12.17.1 Terumo Company Information
12.17.2 Terumo Business Overview
12.17.3 Terumo Revenue in Medical Devices Business (2020-2025)
12.17.4 Terumo Medical Devices Product Portfolio
12.17.5 Terumo Recent Developments
12.18 Baxter
12.18.1 Baxter Company Information
12.18.2 Baxter Business Overview
12.18.3 Baxter Revenue in Medical Devices Business (2020-2025)
12.18.4 Baxter Medical Devices Product Portfolio
12.18.5 Baxter Recent Developments
12.19 Smith & Nephew
12.19.1 Smith & Nephew Company Information
12.19.2 Smith & Nephew Business Overview
12.19.3 Smith & Nephew Revenue in Medical Devices Business (2020-2025)
12.19.4 Smith & Nephew Medical Devices Product Portfolio
12.19.5 Smith & Nephew Recent Developments
12.20 Dentsply Sirona
12.20.1 Dentsply Sirona Company Information
12.20.2 Dentsply Sirona Business Overview
12.20.3 Dentsply Sirona Revenue in Medical Devices Business (2020-2025)
12.20.4 Dentsply Sirona Medical Devices Product Portfolio
12.20.5 Dentsply Sirona Recent Developments
12.21 Varian Medical Systems
12.21.1 Varian Medical Systems Company Information
12.21.2 Varian Medical Systems Business Overview
12.21.3 Varian Medical Systems Revenue in Medical Devices Business (2020-2025)
12.21.4 Varian Medical Systems Medical Devices Product Portfolio
12.21.5 Varian Medical Systems Recent Developments
12.22 Getinge
12.22.1 Getinge Company Information
12.22.2 Getinge Business Overview
12.22.3 Getinge Revenue in Medical Devices Business (2020-2025)
12.22.4 Getinge Medical Devices Product Portfolio
12.22.5 Getinge Recent Developments
12.23 Edwards Lifesciences
12.23.1 Edwards Lifesciences Company Information
12.23.2 Edwards Lifesciences Business Overview
12.23.3 Edwards Lifesciences Revenue in Medical Devices Business (2020-2025)
12.23.4 Edwards Lifesciences Medical Devices Product Portfolio
12.23.5 Edwards Lifesciences Recent Developments
13 Report Conclusion
14 Disclaimer

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