Medical Devices Market Worth USD 955 Billion By 2030 As Conventional Devices Lead And AR/VR Platforms Grow At 7.78% CAGR, Says Mordor Intelligence

(MENAFN- GlobeNewsWire - Nasdaq) Conventional devices lead the global medical devices market as AR/VR platforms scale, with North America still largest and Asia Pacific expanding fastest to 2030 on chronic illness, aging, and technology uptake.

Hyderabad, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Hyderabad, India December , 2025 – According to Mordor Intelligence, the medical devices market is valued at USD 681.57 billion in 2025, and is expected to reach USD 955.49 billion by 2030, at a CAGR of 6.99% during the forecast period (2025-2030). The market continues to strengthen as conventional devices lead the market, and AR/VR platforms expand. This growth is further supported by the rising prevalence of chronic diseases, an increasing geriatric population, higher investments in healthcare infrastructure, and the rapid adoption of advanced technologies such as wearable devices, minimally invasive surgical tools, and remote monitoring systems.

Regional Market Dynamics

North America continues to lead the global medical devices market, underpinned by well-established healthcare infrastructure, high per-capita healthcare spending, and rapid adoption of innovative medical technologies.
In contrast, Asia-Pacific is projected to emerge as the fastest growing region through 2030, driven by expanding access to healthcare, rising demand for affordable diagnostic and therapeutic devices, and growing investments by both governments and private players in health infrastructure.

Emerging Market Trends

AI Advancements Transforming Medical Devices

Artificial intelligence and digital health technologies are rapidly reshaping the medical device industry. AI-enabled systems now enhance imaging, support clinical decisions, and improve surgical precision. Machine-learning tools can adjust therapy settings in real time, helping make procedures more efficient and consistent.

The expansion of high-speed connectivity is also enabling remote interventions and faster data sharing, while digital therapeutics are blending software with devices to deliver more personalized care. Overall, these innovations are transforming traditional devices into smarter, more adaptive solutions.

Regulations Evolve to Support Innovation

Regulatory frameworks are being modernized to keep pace with technological progress. The FDA is introducing more flexible pathways that allow approved AI-driven devices to update their software more easily. Upcoming alignment with international quality standards and strengthened cybersecurity requirements are also improving consistency and safety. In Europe, updated regulations have enhanced post-market oversight but increased compliance complexity, prompting smaller companies to pursue partnerships or consolidation to stay competitive within the medical devices market.

Market Segmentation Insights

By Device Type

• Diagnostic Imaging Devices

• Therapeutic Devices

• Surgical Devices

• Monitoring Devices

• In-Vitro Diagnostics

• Assistive & Mobility Aids

• Dental Devices

• Others
  

By Technology Platform

• Conventional Electro-mechanical & Disposable Devices

• Wearable & Remote Monitoring
  

• Telehealth & mHealth

• Robotic Surgery

• 3D Printing

• Augmented / Virtual Reality (AR / VR)

• Nanotechnology

• Others
  

By Therapeutic Application

• Cardiology

• Orthopedics

• Neurology

• Ophthalmology

• General Surgery

• Others

By End User

• Hospitals

• Clinics

• Ambulatory Surgical Centers

• Home Healthcare

• Diagnostic Laboratories

By Geography:

• North America

• Europe

• Asia-Pacific

• Middle East & Africa

• South America

For a full breakdown of market size, segmentation data, and competitive intelligence, access the details of the Mordor Intelligence report:

Competition Outlook

The global medical devices market is moderately fragmented, featuring a blend of established medical device manufacturers, global healthcare corporations, and emerging health-tech innovators. Key strategies shaping competition include collaborations between medical device makers and technology firms, acquisitions of innovative startups, and increasing focus on R&D to integrate smart, connected, and patient-centric devices into standard care workflows.

• Koninklinje Philips NV

• Medtronic PLC

• Johnson & Johnson Services Inc.

• Abbott

• GE HealthCare

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