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Global Medical Devices Outlook, 2025 Updated Research Available
Product Innovation and Investments to Drive Transformational Growth
10-Jul-2025
Global
Market Outlook
KB69-01-00-00-00
HC_2025_33649
The global medical devices industry was valued at $545.38 billion in 2024 and is expected to reach $801.34 billion in 2029. Companies continue to focus on and invest in new product development to ensure long-term and sustained growth. The cardiovascular devices market attracted significant investments, especially in transcatheter technologies for mitral and tricuspid valves, pulsed field ablation, and bioresorbable scaffolds.
Key market segments, including cardiovascular devices, diabetes care devices, robotics, and clinical-grade wearables, posted double-digit growth on a significantly higher revenue base, while neurology and respiratory devices posted high single-digit growth. Major geographic regions, including North America, Europe, and Asia-Pacific, registered high single-digit growth.
The study period for this analysis is 2022-2029 and the base year is 2024. Some important practice areas include patient monitoring, diabetes care, orthopedic devices, minimally invasive surgeries, ophthalmology, cardiovascular devices, wound care, respiratory, audiology, clinical-grade wearables, neurology, and robotics and navigation systems.
Top predictions for 2025 include the expanding use of clinical-grade wearables across various care settings, surgical robotic companies broadening their applications to enhance growth in precision medicine, improve accessibility, and boost patient outcomes, and AI-enabled predictive maintenance becoming a standard in the medical device servicing market.
Author: Vittal Bhaskar Rao
Medical Devices Industry Predictions: 2024 Forecast Versus Actual
Top Predictions for 2025
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Medical Devices Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Market Segmentation
Global Medical Devices Industry Dashboard
Forecast Methodology and Assumptions
Forecast Considerations
Growth Environment
The Global Economy Beat Expectations in 2024, Growing at 3.2%
Trump 2.0 will Drive a Growth Slowdown and Inflationary Pressures
Global Growth will Slow to 2.8%, Avoiding a Recession in 2025; A Weaker China will Weigh on Asia-Pacific Growth
Global Growth will Stabilize at 3.1%, Driven by Extended Tariff-Delay Offers and Government Policy Diplomacy, Leading to a Growth Uptick in Key Markets
Global Macroeconomic Shifts and Resilience Strategies: Technology Integration, R&D, and Agile Production Ecosystems will Ensure Short-term Resilience
US Tariffs—2025 Analysis
US Tariffs—Impact on Medical Device Vendors
US Tariffs—Implications for Key Medical Device Stakeholders
Revenue Forecast by Segment
Revenue Forecast by Segment—Medical Devices
Prediction 1: Pricing Pressure on Medical Devices due to VBP to Ease in China in 2025 and Beyond
Prediction 2: Expanding Use of Clinical-grade Wearables in Different Care Settings will Drive Market Potential, Surpassing $25 Billion in 2025
Prediction 3: Surgical Robotic Companies Broadening Applications and Catalyzing Growth in Precision Medicine, Accessibility, and Patient Outcomes
Prediction 4: AI-enabled Predictive Maintenance will Become Standard in the Medical Devices Servicing Market
Prediction 5: Remote Patient Monitoring Ecosystems will Outperform Standalone Devices
Cardiovascular Devices—2025 Market Snapshot
Cardiovascular Devices—Companies to Watch
Orthopedic Devices—2025 Market Snapshot
Orthopedic Devices—Companies to Watch
Clinical-grade Wearables—2025 Market Snapshot
Clinical-grade Wearables—Companies to Watch
Robotics and Navigation Systems—2025 Market Snapshot
Robotics and Navigation Systems—Companies to Watch
Wound Care—2025 Market Snapshot
Wound Care—Companies to Watch
Revenue Forecast by Region: Key Demand Drivers
Medical Devices Industry Analysis: North America
Key Implications: US Tariffs on Medical Devices
Medical Devices Industry Analysis: Europe
Medical Devices Industry Analysis: Asia-Pacific
Medical Devices Industry Analysis: Latin America and the Middle East and Africa
Growth Opportunity 1: AI-enabled Medical Devices
Growth Opportunity 2: Telesurgery
Growth Opportunity 3: Workflow Automation
Growth Opportunity 4: Hospital at Home
Conclusions and Future Outlook
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
Legal Disclaimer
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Key market segments, including cardiovascular devices, diabetes care devices, robotics, and clinical-grade wearables, posted double-digit growth on a significantly higher revenue base, while neurology and respiratory devices posted high single-digit growth. Major geographic regions, including North America, Europe, and Asia-Pacific, registered high single-digit growth.
The study period for this analysis is 2022-2029 and the base year is 2024. Some important practice areas include patient monitoring, diabetes care, orthopedic devices, minimally invasive surgeries, ophthalmology, cardiovascular devices, wound care, respiratory, audiology, clinical-grade wearables, neurology, and robotics and navigation systems.
Top predictions for 2025 include the expanding use of clinical-grade wearables across various care settings, surgical robotic companies broadening their applications to enhance growth in precision medicine, improve accessibility, and boost patient outcomes, and AI-enabled predictive maintenance becoming a standard in the medical device servicing market.
Author: Vittal Bhaskar Rao
| Deliverable Type | Market Outlook |
|---|---|
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Medical devices market forecast |
| Keyword 2 | Global med‑tech trends |
| Keyword 3 | Medical device R&D outlook |
| Podcast | No |
| Predecessor | K9E7-01-00-00-00 |
| WIP Number | KB69-01-00-00-00 |
Global Medical Devices Outlook, 2025
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