The global revenue in the 'Medical Devices' segment of the medical technology market was forecast to continuously increase between 2024 and 2029 by in total 161.7 billion U.S. dollars (+31.83 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 669.74 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition: The Medical Devices market includes instruments and machines helping for the prevention, diagnosis, and treatment of diseases. This market is further broken down into 6 submarkets according to medical specialties or types of application. Medical devices that treat the heart, such as pacemakers, can be found in the Cardiology Devices market. The Diagnostic Imaging market covers machines and instruments for diagnosis of many different kinds of conditions. Devices for orthopedic applications, such as joint implants, are included in the Orthopedic Devices market. Ophthalmic Devices are devices used for conditions related to the eye. The General & Plastic Surgery Devices covers many different products required for surgeries. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.
Additional information: Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Medtronic, Johnson & Johnson, Siemens Healthineers.
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Statista Market Insights. (August 29, 2024). Revenue in the medical devices segment of the medical technology market Worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/forecasts/1434572/revenue-medical-devices-medical-technology-market-worldwide
Statista Market Insights. "Revenue in the medical devices segment of the medical technology market Worldwide from 2017 to 2029 (in billion U.S. dollars)." Chart. August 29, 2024. Statista. Accessed October 07, 2024. https://www.statista.com/forecasts/1434572/revenue-medical-devices-medical-technology-market-worldwide
Statista Market Insights. (2024). Revenue in the medical devices segment of the medical technology market Worldwide from 2017 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/forecasts/1434572/revenue-medical-devices-medical-technology-market-worldwide
Statista Market Insights. "Revenue in The Medical Devices Segment of The Medical Technology Market Worldwide from 2017 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/forecasts/1434572/revenue-medical-devices-medical-technology-market-worldwide
Statista Market Insights, Revenue in the medical devices segment of the medical technology market Worldwide from 2017 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1434572/revenue-medical-devices-medical-technology-market-worldwide (last visited October 07, 2024)
Revenue in the medical devices segment of the medical technology market Worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, August 29, 2024. [Online]. Available: https://www.statista.com/forecasts/1434572/revenue-medical-devices-medical-technology-market-worldwide