News in numbers News in numbers
Stateside device market growth Medical devices market size 2024–34 ($bn)
350 300 250 200 150 100 50 0
$328.65 $291.39 $258.34 $229.04 $203.06 $180.02 $191.20 $215.66 24% $678.88bn 2024 2025 2026 2027 2028 2029 2030 2031
$678.88bn 6.2% 6%
The value of the global medical devices market in 2025.
The compound annual growth rate (CAGR) of the
global medical device market from 2025 to 2034.
Market characteristics Industry competition
Degree of innovation
US medical device manufacturers market
Fragmented
Market growth stage High
Low | Medium | High
Pace of market growth Accelerating
Accelerating | Decelerating
Growth is accelerating due to technological advances...
AI/ML Wearables Cybersecurity
Telehealth Integrated care ... But there are barriers to growth, too Level of M&A activities Impact of regulations Product substitutes Source:
www.trade.gov/selectusa-medical-technology-industry End-user concentration
The estimated revenue of the US devices market for 2025
Regulatory scrutiny Complex devices
Source:
www.grandviewresearch.com/industry-analysis/us-medical-device-manufacturers-market 12
Gaining market approval
Medtech workers say this their top priority
$190.7bn 35% 34%
Regulatory compliance
Source:
www.greenlight.guru/state-of-medical-device Medical Device Developments /
www.medicaldevice-developments.com 2032 2033 2034
The compound annual growth rate (CAGR) of
the US medical device market from 2025 to 2034.
6 million
The number of people in the US with heart failure in 2022.
Medical device manufacturers industry dynamics Market concentration Concentrated
Low High 30%
North America Europe
Asia Pacifi c Latin America MEA
Source:
www.precedenceresearch.com/medical-devices-market
2 million+ 500,000
40% $243.25 $274.37 $309.46 2% 4%
North America dominates the global market
The number of jobs in the US medical device market.
The number of jobs in the US medical technology sector.
Source:
www.statista.com/outlook/hmo/medical-technology/ medical-devices/united-states
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