MedTech Market Size | Industry Trends & Forecast 2025

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Code: MTA10124

Publication Date: Oct 2025

What is the size of MedTech Market?

According to 6Wresearch internal database and industry insights, the Global MedTech Market was valued at USD 45 Billion in 2024 and is expected to reach USD 65.55 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).

The key factors contributing to this growth include rapidly increasing uptake of digital health technologies, increased prevalence of chronic diseases requiring ongoing care, rising investment in minimally invasive and robotic systems, and the continued demand for remote monitoring and diagnostics.

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Growth Factors for MedTech Industry

Increase in prevalence of chronic diseases resulting in demand for monitoring and diagnostic devices.
Surge in demand for telehealth and remote patient monitoring services.
Increased investment in the field of precision medicine, artificial intelligence, and data analytics in medical devices.
Trend towards minimally invasive surgery and robotic surgical systems.
Significant increase in spending on healthcare infrastructure in both emerging and mature markets.

MedTech Market Trends

MedTech Sector trends reinforce the growing integration of artificial intelligence, connectivity, and software with traditional medical devices. Predictive analytics, cloud platforms, and interoperability are being embedded within devices. Modular and upgradeable designs are being favoured over fixed construction. Furthermore, partnerships are increasingly common among medical device companies collaborating with software companies and data companies to develop end-to-end health solutions.

Emerging Developments in the MedTech Market

The MedTech market developments include the increasing fusion of diagnostics with therapeutics in smart devices. Use of edge AI for on-device analytics and continual learning is rising. Platforms are offering device subscription and outcome-based pricing models. Expansion of home diagnostics and point-of-care devices is accelerating. Regulatory focus on software as a medical device (SaMD) and cybersecurity in MedTech is shaping innovation.