Global Medical Device Market Growth 2025-2031

The global Medical Device market size is predicted to grow from US$ 327600 million in 2025 to US$ 465420 million in 2031; it is expected to grow at a CAGR of 6.0% from 2025 to 2031.

The key players of Medical Device include Medtronic, Johnson& Johnson, GE Healthcare and Abbott. The top four manufacturers hold approximately 18% of the global market share,.

North America, Europe and China are the world's major production regions, with a combined market share of over 80%.In terms of application, Hospital has a share about 86 percent.

LP Information, Inc. (LPI) ' newest research report, the “Medical Device Industry Forecast” looks at past sales and reviews total world Medical Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Medical Device sales for 2025 through 2031. With Medical Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Device industry.

This Insight Report provides a comprehensive analysis of the global Medical Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medical Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medical Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Device.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Device market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
In Vitro Diagnostics
Cardiology
Diagnostic Imaging
Orthopedics
Other

Segmentation by Application:
Hospital
Consumer

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Medtronic
Johnson& Johnson
GE Healthcare
Abbott
Siemens Healthineers
Philips Health
Stryker
Becton Dickinson
Boston Scientific
Danaher
Zimmer Biomet
Alcon
B. Braun
Olympus
Terumo
Baxter
Smith & Nephew
Dentsply Sirona
Roche
Getinge
Edwards Lifesciences
Mindray
Shimadzu
Fujifilm
Hamilton Medical
Draeger
ResMed
Vyaire Medical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medical Device market?

What factors are driving Medical Device market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Medical Device market opportunities vary by end market size?

How does Medical Device break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.