This statistic illustrates the value of medical implants market across India in 2017 and 2020. The value of medical implants market across the country was estimated to be approximately **** million Indian rupees in 2020, up from around **** million rupees in the year 2017.

In 2021, the AI and machine learning medical device market was valued at around *** billion U.S. dollars globally. By 2032, the market was forecast to increase to a value of **** billion U.S. dollars.

In 2023, the medical device market was worth approximately *** billion U.S. dollars in the United States. Throughout the time interval, the revenue in the medical device market increased year-on-year, except for the pandemic-affected 2020.

This statistic represents the projected market size of the U.S. medical device industry in 2015 and 2017. It is expected that by 2017, U.S. medical device companies will amount around *** billion U.S. dollars.

Size of the U.S. medical device industry

In 2014, the United States was the largest target market for medical devices, with an estimated global market share of around ** percent. In light of citizens’ increased access to health insurance, this industry is projected to grow at an annual rate of *** percent from 2012 through 2017. The most important company within the U.S. medical device industry remains Johnson & Johnson. The New Jersey company is not only known for its medical device and diagnostics products, but also for its pharmaceuticals and consumer products. Johnson & Johnson generated about **** billion U.S. dollars in revenue globally - with just under ** billion U.S. dollars originating from sales to customers in the United States in 2014. That year, the company raked in around **** billion U.S. dollars in revenue from its medical devices and diagnostics segment, the majority of which was derived from orthopedic device sales.

Johnson & Johnson also invests heavily in research and development, having spent almost *** billion U.S. dollars in 2014. Of the company’s total R&D expenditures, some *** percent went to the medical devices and diagnostics segment.

In 2022, the AI and machine learning medical device market in North America was worth almost *** billion U.S. dollars, while Europe followed with a value of around *** billion U.S. dollars. By 2032, the market in North America was forecast to reach over **** billion U.S. dollars.

This statistic depicts the projected percentage of global medical device revenue attributed to select major countries as of 2018. As of that year, some ** percent of medical device sales worldwide will occur in the United States.

This statistic illustrates the market share of medical implants across India as of **************, by type. During the measured time period, the market share of imports of medical implants across the country was approximately ** percent, while the share of indigenous sales of medical implants was around ** percent.

In 2022, the medical device market in the Asia-Pacific region recorded total sales amounting to around *** billion U.S. dollars. After a slight decrease projected for the following year, medical device sales in APAC were forecast to reach approximately *** billion U.S. dollars by 2030.

In 2024, Germany held the largest share of the medical device market in Europe. Standing at 25.2 percent, the German medical device industry had a higher share than the next two competitors, France and the United Kingdom, added together.

Concerning the 11 selected segments, the segment Other has the largest value share by brand with 50 percent. Contrastingly, Edwards Lifesciences is ranked last, with two percent. Their difference, compared to Other, lies at 48 percentage points. The Statista Market Insights cover a broad range of additional markets.

This statistic represents the projected number of companies in the U.S. medical device industry from 2010 to 2014. In the United States, there were approximately 904 companies in this industry in 2010.

Medical electrical device industry

Notwithstanding the fact that the effects of ObamaCare on the medical device industry in the United States are yet to be determined, the US remains an attractive market with high potential for growth in the medical electrical device industry. In light of citizens’ increased access to health insurance, this industry is projected to grow at an annual rate of 6.6 percent from 2012 through 2017.

Although the use of medical devices for therapeutic and diagnostic purposes is manifold, the highest grossing categories - including spinal devices, cardiovascular devices, neuromodulation devices and diabetes devices - are likely to remain fixed. The global medical device market was sized at around 250 billion US dollars in 2012, when the sports medicine devices segment contributed about six billion US dollars.

Johnson & Johnson, General Electric, and Medtronic are ranked among the leading US-based companies in the field of medical electrical devices. In the fiscal year of 2013, Minnesota-headquartered Medtronic incurred a staggering 1.6 billion US dollars in research and development costs. In the same year, the medical technology company raked in revenues of just under 16.6 billion US dollars. By 2018, Medtronic’s revenue is projected to grow to around 20 billion US dollars. The company’s market share reached around five percent in 2013.

Contact lenses accounted for one fourth of the global major consumer medical devices market as of 2019. The statistic illustrates the percentage of the major consumer medical device market, by segment. The global major consumer medical device market was valued at 31.4 billion U.S. dollars.

In 2024, the revenue change in the 'Medical Devices' segment of the medical technology market in Indonesia was modeled to stand at **** percent. Between 2017 and 2024, the figure dropped by **** percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the revenue change will rise by **** percentage points, showing an overall upward trend with periodic ups and downs.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Medical Devices.

In 2023, the domestic production value of medical devices in Thailand was estimated to amount to around **** billion U.S. dollars, indicating a slight increase from the previous year. The total market size of medical devices in the country was also estimated to reach approximately **** billion U.S. dollars in 2027.

In 2023, the medical device market in Europe grew by *** percent. The medical device market has increases in every year in the time interval, with some notable years of double-digit growth, such as 2022 when the market grew by **** percent.

In 2023, Germany held the largest share of the medical device market in Europe. Standing at over 26 percent, the German medical device industry had a higher share than the closer two competitors, France and Italy, added together.

In the medical devices market in Indonesia in 2024, the other medical devices segment generated the highest revenue, reaching approximately ************** U.S. dollars. The cardiology devices segment ranked second with around ************** U.S. dollars, while diagnostic imaging devices followed with about ************** U.S. dollars.

This statistic shows the market size of medical device coatings in the United States in 2014 and 2015, with forecasted figures for 2016 to 2024, by product. In 2015, the U.S. medical device antimicrobial coatings market was worth some *** million U.S. dollars. It is forecasted to grow to nearly *** billion U.S. dollars by 2024.

In 2024, Medtronic Inc. brought in a revenue of over 33.1 billion U.S. dollars, the largest of any company globally based on medical devices. The revenues of Johnson & Johnson amounted to 31.85 billion U.S. dollars in this year. Medtronic’s market share and future projections In 2022, Medtronic accounted for eight percent of the medical devices market worldwide. Additionally, the company held ten percent of the market share in the United States in the same year. By 2028, Medtronic is expected to generate 44.1 billion U.S. dollars in medical technology revenue, indicating substantial growth potential in the industry. Brand value Despite Medtronic's leadership in revenues, it's noteworthy that German-based Fresenius held the highest brand value among medical device companies in 2024, estimated at over 7.68 billion U.S. dollars. While Medtronic was ranked to have the second-highest brand value.

In the medical devices market in Japan in 2024, the other medical devices segment generated the highest revenue, reaching approximately ************ U.S. dollars. The cardiology devices segment ranked second with around *********** U.S. dollars, while orthopedics devices followed with about ************ U.S. dollars.