Press release
Medical Devices Market to Reach USD 864.7 Billion by 2035, Driven by Diagnostics Growth, Remote Monitoring, and Innovations from Medtronic, Johnson & Johnson, Siemens Healthineers, and GE Healthcare
Medical Devices Market to Reach USD 864.7 Billion by 2035, Driven by Diagnostics Growth, Remote Monitoring, and Innovations from M
MarketGenics, a leading name in healthcare and life sciences insights, announced new milestones in tracking the rapid evolution of the global medical devices market. The market outlook shows steady growth fueled by cutting-edge innovation, rising chronic disease burden, and accelerated adoption of digital health technologies.
Recent Investment
TransMedics received FDA approval for its heart transplant system and raised its 2025 sales forecast to USD 595 million, strengthening its foothold in the advanced organ-care systems segment.
Partnership & Collaboration
NVIDIA and GE HealthCare (March 2024) announced a collaboration to advance autonomous imaging technologies, integrating NVIDIA IsaacTM simulation platform into GE's medical device ecosystem to support AI-powered diagnostic imaging and ultrasound applications.
Regulatory & M&A Development
In August 2025, the FTC filed to block Edwards Lifesciences' USD 1.2 billion acquisition of JenaValve, citing competition concerns in transcatheter heart valve technologies. This highlights tightening scrutiny in medtech mergers.
To know more about the Medical Devices Market - Download our Sample Report: https://marketgenics.co/download-report-sample/medical-devices-market-28225
Medical Devices Market Forecast 2035
According to the report, the global medical devices market is set to grow from USD 521.2 billion in 2025 to USD 864.7 billion by 2035, at a CAGR of 4.7%.
The growth is driven by increasing demand for diagnostic devices (holding ~35% share), rapid uptake of remote patient monitoring solutions (e.g., Philips global expansion), and rising adoption of robotic-assisted surgery systems (e.g., Zimmer Biomet's FDA-cleared ROSA Shoulder).
The sector is also fueled by chronic disease prevalence: the American Cancer Society reported colorectal cancer cases among adults
About Us
MarketGenics is a global market research and management consulting company empowering decision makers across healthcare, technology, and policy domains. Our mission is to deliver granular market intelligence combined with strategic foresight to accelerate sustainable growth.
We support clients across strategy development, product innovation, healthcare infrastructure, and digital transformation.
Contact:
Mr. Debashish Roy
MarketGenics India Pvt. Ltd.
800 N King Street, Suite 304 #4208, Wilmington, DE 19801, United States
USA: +1 (302) 303-2617
Email: sales@marketgenics.co
Website: https://marketgenics.co
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