The United States medical devices market was valued at USD 197.14 Billion in 2024, driven by rapid technological advancements, strong regulatory support, and a robust innovation ecosystem across the region. It is expected to grow at a CAGR of 6.20% during the forecast period of 2025-2034 and attain a market value of USD 359.77 Billion by 2034. The presence of a well-established FDA approval process is fostering trust and accelerating new product launches.
Demographics also play a role. An aging population with chronic conditions like diabetes, cardiovascular disease, and arthritis is increasing demand for long-term care solutions. Hospitals are upgrading equipment to meet new standards, and outpatient centers are purchasing portable and user-friendly systems to manage costs and improve throughput.
Private sector funding is flowing into innovation hubs in cities like Boston, San Diego, and Minneapolis. These ecosystems combine academic research, clinical trials, and manufacturing in one pipeline, giving U.S.-based developers a speed advantage over global competitors. All this adds up to steady market expansion, particularly in high-margin categories like implantable devices, surgical robotics, and smart diagnostics.
Base Year
Historical Period
Forecast Period
Increasing demand for advanced diagnostic tools is driving innovation and expanding applications across the market.
The growing aging population and chronic disease prevalence continue to boost the need for sophisticated and minimally invasive devices, thereby, boosyting market demand.
Rising healthcare spending and supportive regulatory frameworks are encouraging domestic manufacturing and accelerating medical device approvals in the United States.
Compound Annual Growth Rate
6.2%
Value in USD Billion
2025-2034
United States Medical Devices Market Outlook
*this image is indicative*
Medical devices are essential tools used in the diagnosis, monitoring, and treatment of medical conditions, ranging from basic instruments to advanced surgical equipment. In the United States, these technologies play a critical role in enhancing patient outcomes and streamlining healthcare delivery. With a growing aging population and rising chronic diseases, the demand for innovative and efficient medical devices continues to surge, driving advancements and investments in the healthcare market. The market is expected to grow at a CAGR of 6.20% during the forecast period of 2025-2034 and attain a market value of USD 359.77 Billion by 2034.
High Surgical Demand Driving the Medical Devices Market in the United States
The rising healthcare expenditure and increasing elderly population are significantly driving the demand for surgical procedures in the United States. According to a 2024 AOS Open study, 13.8% of the United States adults aged 50 and above undergo surgery each year, with orthopedic surgeries accounting for 30.4% of procedures. Additionally, the Annals of Thoracic Surgery 2024 report, using the Society of Thoracic Surgeons (STS) Adult Cardiac Surgery Database, revealed over 280,000 adult cardiac surgeries were performed in 2022. These substantial volumes highlight the growing dependence on advanced surgical procedures and technologies. As a result, demand for innovative and efficient medical devices is expected to rise considerably, strengthening the market growth in the forecast period.
Technological advancements and precision imaging innovations are reshaping surgical and diagnostic device trends in the United States.
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Orthopedics to Lead the Segmentation by Application
Orthopedics is expected to dominate the market due to the rising prevalence of musculoskeletal conditions and an aging population. Increasing demand for joint reconstruction, trauma fixation, and spinal implants, alongside technological advancements like robotic-assisted surgery and 3D printing, is accelerating segment growth. As per the analysis by Expert Market Research, the global orthopedic prosthetics market is anticipated to grow at a CAGR of 6.57% during the forecast period of 2025-2034. As orthopedic procedures become more minimally invasive and efficient, the segment is well-positioned to sustain its lead and drive market expansion throughout the forecast period.
The market shows regional dynamism. New England and the Mideast benefit from strong academic-medical networks and innovation hubs. The Great Lakes and Plains regions support growth through robust manufacturing infrastructure. The Southeast and Southwest are expanding due to rising healthcare investments and aging populations. Meanwhile, the Rocky Mountain region leverages telehealth adoption, and the Far West, especially California, dominates in R&D and medtech venture capital, driving nationwide innovation and market value.
The key features of the market report comprise patent analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Headquartered in Minneapolis, Minnesota, Medtronic was established in 1949 and is a global leader in medical technology. It offers a broad portfolio of devices across cardiovascular, diabetes, neurological, and surgical markets in the United States. In April 2025, Medtronic submitted 510(k) applications to the FDA for its MiniMed™ 780G insulin pump and SmartGuard™ algorithm, aiming to integrate with Abbott’s CGM technology. This move reflects Medtronic’s ongoing innovation and its role in advancing the US medical devices market through smart, interoperable systems.
Founded in 1886 and based in New Brunswick, New Jersey, Johnson & Johnson MedTech is a major player in the US medical devices market. It develops and markets a wide range of products, including surgical instruments, orthopedics, cardiovascular devices, and diagnostic tools. In March 2025, the company showcased its latest digital orthopedic advancements, cutting-edge implants, surgical techniques, and data-driven technologies at the AAOS Annual Meeting. These innovations reinforce its commitment to enhancing surgical precision and improving healthcare outcomes across orthopedic specialties.
Established in 1996 and headquartered in Waltham, Massachusetts, Fresenius Medical Care is a global leader specializing in dialysis products and services. The company provides innovative medical devices such as dialysis machines, filters, and related disposables, catering primarily to patients with chronic kidney failure in the United States. Fresenius plays a crucial role in renal care by enhancing treatment efficiency and patient quality of life through its integrated care solutions and advanced medical technologies.
Abbott, founded in 1888 and headquartered in Abbott Park, Illinois, is a diversified healthcare company with a strong presence in the US medical devices market. Its portfolio includes diagnostics, cardiovascular devices, diabetes care products, and neuromodulation technologies. Abbott focuses on developing cutting-edge devices like stents, glucose monitors, and implantable cardiac devices that improve patient outcomes and clinical efficiency. The company is recognized for driving innovation and expanding access to advanced healthcare solutions across the United States.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include GE Healthcare, Koninklijke Philips N.V., Siemens Healthcare GmbH, and 3M Company.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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