The revenue is forecast to experience significant growth in all segments in 2029. As part of the positive trend, the revenue achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment Medical Devices stands out with the highest value of 669.74 billion U.S. dollars.
Data provided by Statista Market Insights are estimates.
Definition: The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.
Structure: The Medical Technology market consists of two markets, In Vitro Diagnostics (IVD) and Medical Devices. The IVD market covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices market covers a broad range of products which are further marketed into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. 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, Abbott Laboratories, Siemens Healthineers. Further information on the key players can be found in the Market Shares boxes.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Market Insights. (August 29, 2024). Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars)." Chart. August 29, 2024. Statista. Accessed October 07, 2024. https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights. (2024). Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in The Medical Technology Market for Different Segments Worldwide from 2017 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide
Statista Market Insights, Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide (last visited October 07, 2024)
Revenue in the Medical Technology market for different segments Worldwide from 2017 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, August 29, 2024. [Online]. Available: https://www.statista.com/forecasts/1441858/revenue-medical-technology-market-for-different-segments-worldwide