The report "Global MedTech Industry Outlook 2025", global MedTech industry market size is estimated to grow from USD 668.2 billion in 2024 to USD 694.7 billion by 2025, at a Y-o-Y increase of ~4%.
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The Global MedTech industry continues to innovate, with 2024 showing a record number of FDA product authorizations, both pre-market approvals (PMAs) and 510(k) approvals, and the new products reaching the market include highly differentiated launches in areas such as cardiovascular. Moreover, MedTech continues to push toward new frontiers, as ongoing breakthroughs in artificial intelligence (AI) hold the possibility of making devices smarter, smaller and more personalized. Sustainability and the ESG goals have also driven MedTech OEM’s to demonstrate benefits to institutional customers and clinical users alike. Several firms have taken confident decisions to spin out their healthcare businesses or divest under-performing units while some new alliance deals have been struck between competitors to provide a unified solution proposition to customers across clinical care areas.
The Global MedTech Industry Outlook for 2025 is an invaluable summary of key trends that influenced the performance of the sector in 2024, provides a comparative analysis of sectoral growth rates and valuation in 2025 of key segments across MedTech industry, analyzes key trends to watch out for in 2025 and is interspersed with examples of industry best practices and success stories. As providers prepare for a tough 2025 with ongoing workforce challenges, transitioning and/or adopting digital solutions for automation and generative AI, continued M&A / consolidation / partnerships, the MedTech industry must anticipate and be prepared for the ensuing trends that will determine business success in 2025. A summary of key recommendations and growth opportunities for 2025 is provided.
The MedTech Industry Outlook 2025 is structured to provide:
The MedTech Industry Outlook 2025 report is an insightful toolkit for incumbent market participants, tech players, SME’s, the investment community as well as the long list of players who form part of the upstream supply chain in this sector.
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