


The global medical devices market reached $581.1 billion in 2025, derived as the average of four independently published market research estimates that converge tightly within a $572-586 billion range, a notably tighter convergence than found for the companion Healthcare Industry report, reflecting medical devices being a more consistently-scoped market category across research firms. This report defines the medical devices industry as diagnostic and therapeutic device manufacturing -- cardiovascular, orthopedic, diagnostic imaging, in-vitro diagnostics, surgical/robotic, patient monitoring, ophthalmic, and dental categories -- deliberately excluding pharmaceutical manufacturing and healthcare services/delivery, which are covered as separate Navadhi mother reports. The market is forecast to grow from $581.1 billion in 2025 to $825.5 billion by 2031, a compound annual growth rate of approximately 6.0%, with growth rates gently accelerating year over year -- from 4.8% in 2026 to 6.7% in 2031 -- reflecting the compounding effect of structural demand drivers rather than any single-period event-driven surge.
M&A activity across the tracked player universe has been concentrated in two strategic themes: expanding surgical robotics capabilities and reinforcing connected-care platforms. Medtronic has continued to invest in its Hugo robotic-assisted surgery platform, targeting direct competition with Intuitive Surgical's da Vinci ecosystem, while simultaneously rationalizing its portfolio through selective divestitures, including the Patient Monitoring and Respiratory Interventions business separation completed in 2024. Stryker's Mako robotic orthopedic platform remains a core M&A-integration anchor, with the company pursuing bolt-on deals in neurosurgery and endoscopy to diversify beyond its core orthopedics franchise. Boston Scientific's exceptional 20.3% FY2025 growth has been materially supported by its acquisition strategy in electrophysiology and structural heart, while Insulet and Dexcom have deepened interoperability agreements with major consumer technology platforms, reflecting the industry's accelerating shift toward closed-loop, home-managed diabetes care systems.
Scope of Global Medical Devices Industry Strategic Research Report 2026-2031
Segment by Type
Segment by Application
Segment by Region
Who Can Use the Global Medical Devices Industry Strategic Research Report?
This research report is ideal for people who wish to gain a thorough understanding of the medical devices market. Some of the intended users are:
List of Exhibits
Medtronic, Johnson & Johnson MedTech, Abbott Laboratories (Medical Devices), Medline Industries, Siemens Healthineers, Stryker Corporation, Becton Dickinson (BD), GE HealthCare, Philips (Health Systems), Boston Scientific, Roche Diagnostics, Baxter International, Cardinal Health (Medical Segment), Danaher (Diagnostics/Life Sciences), Zimmer Biomet, Intuitive Surgical, Terumo Corporation, Olympus Corporation, Smith+Nephew, Edwards Lifesciences, Dexcom, Hologic, Insulet Corporation, Alcon, ResMed
*If Applicable.