The top medical technology companies globally include big name companies such as General Electric, Philips and Medtronic. As of 2021, the leading medical technology company based on market share was Medtronic (U.S.). At that time Medtronic held 5.8 percent of the overall medical technology market. The company’s hold on medical technology is projected to increase slightly to 5.9 percent by 2024.

Medical technology industry

The global medical technology industry includes different types of technology that are broadly categorized as medical devices, in vitro diagnostics and digital health solutions. The total medical technology revenue has been increasing in recent years and is expected to increase dramatically by the year 2024. Research and development in the industry is also gaining ground and has experienced some of the largest growth in spending from 2015 to 2016, with significant growth expected in the future.

Company spotlight: Medtronic

Among the various medical technology companies, Medtronic is among the top in many measures. Medtronic produces medical products and devices for cardiac and vascular disease, minimally invasive therapies, restorative therapies and diabetes. In 2017, Medtronic was the top medical technology company among those that produce cardiac devices. The company beat out other competitors such as Abbott and Boston Scientific by a significant percentage of the market share. Medtronic’s total revenue worldwide has been increasing significantly in recent years and in the company’s fiscal year 2022 had reached an all time high.

Analyze the market segmentation of the Medical Supplies industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

Global portable medical devices market share in 2025 will be USD 72.5 Billion, and is expected to take place USD 191.1 Billion in 2035, at a CAGR of 10.4% between 2025 and 2035.

Market Size (2025E)	USD 72.5 Billion
Market Value (2035F)	USD 191.1 Billion
CAGR (2025 to 2035)	10.4%

Country-wise outlook

Country	CAGR (2025 to 2035)
USA	10.7%

Country	CAGR (2025 to 2035)
UK	10.3%

Country	CAGR (2025 to 2035)
European Union (EU)	10.4%

Country	CAGR (2025 to 2035)
Japan	10.6%

Country	CAGR (2025 to 2035)
South Korea	10.7%

Competitive Outlook

Company Name	Estimated Market Share (%)
Medtronic plc	12-17%
GE Healthcare	10-14%
Koninklijke Philips N.V.	9-13%
Omron Healthcare, Inc.	7-11%
Abbott Laboratories	5-9%
Other Companies (combined)	45-55%

The medical device packaging market is expanding rapidly as the healthcare industry demands secure, sustainable, and innovative packaging solutions. Manufacturers are advancing technologies to meet the needs of sectors like diagnostics, surgical instruments, and implantable devices. By 2035, this market is projected to exceed USD 72.5 billion, growing at a compound annual growth rate (CAGR) of 5.4%.

Attribute	Details
Projected Value by 2035	USD 72.5 billion
CAGR (2025 to 2035)	5.4%

Market Share & Industry Share

Category	Market Share (%)
Top 3 Players (Amcor, Berry Global, DuPont)	17%
Rest of Top 5 Players (Oliver Healthcare,Tekni-Plex)	09%
Next 5 of Top 10 Players	06%

Type of Player	Market Share (%)
Top 10 Players	32%
Next 20 Players	37%
Remaining Players	6%

Regional Analysis

Region	North America
Market Share (%)	35%
Key Drivers	Focuses on regulatory compliance and technological innovation.

Region	Europe
Market Share (%)	30%
Key Drivers	Leads in sustainable packaging practices and strong healthcare systems.

Region	Asia-Pacific
Market Share (%)	25%
Key Drivers	Rising healthcare investments drive demand for quality packaging.

Region	Other Regions
Market Share (%)	10%
Key Drivers	Growing demand for affordable, durable solutions in emerging markets.

This statistic depicts the projected percentage of global medical device revenue attributed to select major countries as of 2018. As of that year, some 39 percent of medical device sales worldwide will occur in the United States.

Global Medical Device Market Research Report Covers Industry Trends, Analysis and is Segmented by Type of Device (Respiratory Devices, Cardiology Devices, Orthopedic Devices, Diagnostic Imaging Devices (Radiology Devices), Endoscopy Devices, Ophthalmology Devices, and Other Devices) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).

The global wearable medical device industry size is likely to generate sales amounting to USD 38.5 billion in 2024. Over the assessment period from 2024 to 2034, the wearable medical device market CAGR is projected to expand to 8.2%, culminating in a market size of USD 84.8 billion by the end of 2034.

Attributes	Description
Estimated Global Wearable Medical Device Market Size (2024E)	USD 38.5 billion
Projected Global Wearable Medical Device Market Value (2034F)	USD 84.8 billion
Value-based CAGR (2024 to 2034)	8.2%

Country-wise Insights

Countries	CAGR 2024 to 2034
India	18.4%
Singapore	13.1%
France	8%
United Kingdom	7.8%
United States	6.5%

Category-Wise Insights

Segment	Home Healthcare (Application)
Value Share (2024)	63%

Segment	Wearable Therapeutic Medical Device (Product)
Value Share (2024)	55%

The global implantable medical devices market size reached USD 141.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 209.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033. The rising prevalence of chronic diseases, increasing demand for smaller, more advanced implantable medical devices, and growing integration of digital health technologies and connectivity features in implantable devices are some of the key factors driving the growth of the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 141.3 Billion
Market Forecast in 2033	USD 209.1 Billion
Market Growth Rate 2025-2033	4.5%

IMARC Group provides an analysis of the key trends in each segment of the global implantable medical devices market report, along with forecasts at the global and regional levels from 2025-2033. Our report has categorized the market based on product type, material and end-user.

The net worth of the reprocessed medical devices market in the Asia Pacific region is expected to be US$ 428.4 million in 2023. By 2033, the market is estimated to reach US$ 1,639.4 million , expanding at a CAGR of 14.4% in the meantime.

Attributes	Details
Asia Pacific Reprocessed Medical Devices Market Size (2022)	US$ 381.8 million
Asia Pacific Reprocessed Medical Devices Market Size (2023)	US$ 428.4 million
Asia Pacific Reprocessed Medical Devices Market Projected Size (2033)	US$ 1,639.4 million
Value CAGR (2023 to 2033)	14.4%
Value CAGR (2018 to 2022)	10.1%

Regional Analysis of Asia Pacific Reprocessed Medical Devices Market

Country	Australia
Value Share % (2022)	11.7%
Forecast CAGR % (2023 to 2033)	14.2%

Country	New Zealand
Value Share % (2022)	2.8%
Forecast CAGR % (2023 to 2033)	12.9%

Country	China
Value Share % (2022)	18.9%
Forecast CAGR % (2023 to 2033)	18.8%

Country	India
Value Share % (2022)	12.5%
Forecast CAGR % (2023 to 2033)	18%

Country	South East Asia
Value Share % (2022)	15.3%
Forecast CAGR % (2023 to 2033)	14.8%

Country	Japan
Value Share % (2022)	29.4%
Forecast CAGR % (2023 to 2033)	11.9%

Category-wise Analysis

Segment	Cardiology Devices
Market Share (2022)	59.52%

Segment	Hospitals
Market Share (2022)	53.64%

Scope Of the Asia Pacific Reprocessed Medical Devices Market Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value and MT for Volume
Region Covered	Asia Pacific
Key Countries Covered	China, Japan, Australia, India, South East Asia, New Zealand, The Rest of the Asia Pacific
Key Segments Covered	Product Type, Classification, Reprocessing Method, End User, and Countries
Key Companies Profiled	Stryker Sustainability Solutions, Inc. Medline ReNewal Hygia Health Services, Inc. Cleanpart GmbH ReNu Medical, Inc. SureTek Medical NEScientific Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Analyze the market segmentation of the Medical Sensors industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

Global connected medical devices market size & share predicted to reach USD 190.63 billion by 2032, to grow at a CAGR of 14.4% during the forecast period. The market for connected diagnostic imaging equipment is in a phase of notable expansion, fueled by the increasing demand for advanced and remote diagnostic capabilities.

The Report Covers Global Connected Medical Devices Manufacturers and the Market is Segmented by Application (Consumer (Patient) Monitoring, Wearable Devices, Internally Embedded Devices, and Stationary Devices) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are in Terms of Value (USD Million) for all the Above Segments.

Analyze the market segmentation of the Virtual Reality in Medical industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

This statistic displays the worldwide market share of the top medical technology segments in 2017 and 2024. Endoscopy devices had a market share of 4.6 percent of global medtech revenues in 2017. It is estimated to increase to 4.8 percent by 2024. Medical technology is used for diagnosis, monitoring, or treatment of diseases or medical conditions. In vitro diagnostics are projected to stay the largest segment within the medtech industry.

The Medical Devices MLCC Market is segmented by Case Size (0 402, 0 603, 0 805, 1 206, 1 210, Others), by Voltage (100V to 500V, Above 500V, Less than 100V), by Capacitance (10 μF to 100 μF, Less than 10 μF, More than 100 μF), by Dielectric Type (Class 1, Class 2) and by Region (Asia-Pacific, Europe, North America). Market Value in USD and Market Volume in million units is presented. Key Data Points observed include raw material price trends, automotive sales, consumer electronics sales, and EV Sales etc.

Analyze the market segmentation of the Medical Simulation industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

The Single-Use Medical Device Reprocessing Market is Segmented by Device Type (Class I Devices (Laparoscopic Graspers, Scalpels, Tourniquet Cuffs, and Other Class I Devices) and Class II Devices (Pulse Oximeter Sensors, Sequential Compression Sleeves, Catheters and Guidewires, and Other Class II Devices)) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). the Report Offers the Value (in USD) for the Above Segments.

The global pediatric medical devices market size reached USD 41.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 79.4 Billion by 2033, exhibiting a growth rate (CAGR) of 7.1% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 41.5 Billion
Market Forecast in 2033	USD 79.4 Billion
Market Growth Rate (2025-2033)	7.1%

IMARC Group provides an analysis of the key trends in each segment of the global bottled water market report, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, distribution channel and packaging type.

Global home healthcare market size and share are expected to exceed USD 699.74 billion by 2032, with a compound annual growth rate CAGR of 7.6% during the forecast period. The global home healthcare market is expanding due to the increasing adoption of telehealth technology in the healthcare system, with the goal of providing high-quality medical services to patients remotely.

The Medical Equipment Management Software market is segmented by Deployment Mode (Cloud-Based and Web-Based), End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the value in USD million for the above segments.