Luton, Bedfordshire, United Kingdom, June 23, 2025 (GLOBE NEWSWIRE) — Medical Equipment & Supplies Market Report: 2024–2025 Overview
The global medical equipment and supplies market is projected to reach a value of approximately $557 billion in 2024. This robust market is anticipated to experience significant growth, with a forecasted value of around $1 trillion by 2034, reflecting an impressive Compound Annual Growth Rate (CAGR) of about 6.7% during the 2025–2034 period.
Download PDF Brochure: https://exactitudeconsultancy.com/request-sample/67005
Foreword
The medical equipment and supplies industry is a backbone of modern healthcare systems, driving innovations that support diagnostics, treatment, surgery, and patient care across clinical and home settings. As global healthcare systems undergo digital transformation, aging populations demand higher standards of care, and emerging markets expand access, the sector is poised for continued expansion.
This report presents a comprehensive analysis of the medical equipment and supplies market, integrating financial outlooks, segment trends, key players, regulatory shifts, and technological developments that are shaping the landscape in 2024 and beyond.
Market Size & Segmentation
- Global Valuation & Growth:
- USD 570.3 billion in 2024, projected to reach USD 840 billion by 2030, at a CAGR of 6.7%.
- Segmentation:
- By Product: Diagnostic imaging, surgical instruments, patient monitoring, disposable consumables, mobility aids, sterilization equipment.
- By End-User: Hospitals, ambulatory surgical centers, diagnostic labs, home care settings.
- By Application: Cardiovascular, orthopedics, respiratory, urology, neurology, ophthalmology.
- By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Key Players
- Global Leaders: Medtronic, Johnson & Johnson, GE Healthcare, Siemens Healthineers, Stryker, Abbott, Philips Healthcare, Baxter, 3M Healthcare, Boston Scientific.
- Emerging & Mid-Tier Companies: B. Braun, Smith & Nephew, ConvaTec, ResMed, ICU Medical, Hill-Rom, Terumo, Nipro, Mindray, Masimo.
- Startups to Watch: Cala Health (neuromodulation), Kinsa (connected thermometers), SiBionics (wearable diagnostics), Exo (portable ultrasound).
Key Market Events (2024–2025)
- Stryker launched the Mako Total Knee 2.0 robotics platform in March 2024, enhancing AI-assisted precision surgery.
- Medtronic received FDA approval for its Micra AV2 and VR2 leadless pacemakers.
- GE HealthCare completed acquisition of Caption Health, integrating AI ultrasound guidance.
- Philips launched the IntelliVue MX750 & MX850 patient monitors with advanced interoperability.
- Baxter divested its BioPharma Solutions business for $4.25B to refocus on core hospital equipment lines.
Browse full Report – https://exactitudeconsultancy.com/reports/67005/medical-equipment-supplies-market
Recent Company Developments
- Boston Scientific: Introduced POLARx Cryoablation System in Europe for atrial fibrillation (2025).
- Johnson & Johnson MedTech: Debuted Ottava surgical robot prototype, targeting 2026 commercialization.
- Masimo: Expanded Rad-G Pulse Oximeter rollout across community clinics in Africa and Southeast Asia.
- ICU Medical: Advanced integration of Plum 360 infusion systems with hospital EHRs.
- ResMed: Launched AirCurve 11 series of bilevel devices with AI-enabled titration.
Key Funding Deals (2024–2025)
- Exo: Raised $100M in Series C for AI-based handheld ultrasound devices.
- Huma Therapeutics: Secured $130M to expand remote patient monitoring platform.
- Noah Medical: Closed $150M Series B for advanced robotic bronchoscopy systems.
- Nanox: Raised $90M for commercializing digital X-ray technology.
- HeartFlow: Raised $215M to expand AI-based cardiovascular diagnostics.
Government & Regulatory Developments
- FDA (U.S.): Updated Safer Technologies Program (STeP) guidance to accelerate approvals of low-risk innovations.
- European Union MDR: Full implementation enforced from January 2025, reshaping regulatory pathways.
- India: Expanded PLI scheme to medical device manufacturers with 5%–10% incentives.
- Japan: Streamlined reimbursement coding for remote diagnostics in national health insurance.
- Brazil: ANVISA fast-tracked essential surgical supply approvals amid demand surges.
Most Sold Equipment & Supplies by Region
USA:
- Top categories: Patient monitors, imaging systems (MRI/CT), surgical instruments, orthopedic implants.
- High volume devices: Infusion pumps (BD Alaris), ventilators (Philips Trilogy), ECGs (GE MAC series).
Europe:
- Focus: High-end imaging, endoscopy, and robotic surgery (da Vinci, Mako).
- High sales: Diagnostic reagents, blood pressure monitors, portable ultrasounds.
Asia-Pacific:
- Drivers: Rising demand in China, India, Southeast Asia; expansion in community and home-based devices.
- Popular items: Vital signs monitors, glucometers, oxygen concentrators.
Latin America:
- High demand for: Sterile surgical kits, digital thermometers, portable ECGs.
- Main channels: Public health procurement, international aid, private clinics.
Volume-Based Rankings & Sales Insights
- Global MRI scanner shipments: ~6,500 units in 2024; Siemens, GE, Philips dominate.
- Infusion pumps: Over 300,000 units sold globally in 2024.
- Surgical kits & disposables: Account for 45% of global volume-based consumption.
- Wearables: Rapid growth in consumer-linked medical devices like smart blood pressure monitors and oximeters.
Conclusion
The medical equipment and supplies market is evolving rapidly with a focus on miniaturization, automation, remote diagnostics, and patient-centric innovations. Coupled with stronger government support, global health digitization, and continuous investments in AI and robotics, the industry is expected to continue its strong growth trajectory through 2030.
This report brings together critical data, company actions, and global regulatory dynamics to support decision-making for stakeholders across the healthcare and medtech ecosystem.
Request Sample Pages: https://exactitudeconsultancy.com/reports/67005/medical-equipment-supplies-market#request-a-sample
Comprehensive Medical Devices List
DIAGNOSTIC IMAGING EQUIPMENT
MRI Machines
The global MRI machines market is valued at approximately $7.5 billion in 2024, with expectations to reach around $10.2 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of around 3.5% over the forecast period from 2025 to 2034.
Key Competitors: SIGNA Premier, SIGNA Pioneer, SIGNA Explorer, MAGNETOM Vida, MAGNETOM Sola, MAGNETOM Lumina, Ingenia Elition, Ingenia Ambition, MR 5300, Vantage Galan, Vantage Orian, Vantage Elan, Echelon Oval, Echelon Smart Plus, Airis Vento, Embrace Neonatal MRI, Swoop Portable MRI
https://exactitudeconsultancy.com/reports/67006/mri-machines-market
CT Scanners
The global CT scanner market was valued at approximately $6.5 billion in 2024, with expectations of reaching around $10 billion by 2034. This projection reflects a robust compound annual growth rate (CAGR) of approximately 4.6% during the forecast period from 2025 to 2034.
Key Competitors: Revolution Apex, Revolution Maxima, Revolution EVO, SOMATOM Drive, SOMATOM go.Top, SOMATOM X.cite, Spectral CT 7500, Incisive CT, MicroDose SI, Aquilion ONE, Aquilion Lightning, Aquilion Prime, Supria Grande, Supria Prime, CereTom, BodyTom Elite, NeuViz ACE, NeuViz Glory, NeuViz Epoch
https://exactitudeconsultancy.com/reports/67007/ct-scanners-market
Ultrasound Systems
The global ultrasound systems market is valued at approximately $8.5 billion in 2024 and is projected to reach around $14.5 billion by 2034, demonstrating a robust Compound Annual Growth Rate (CAGR) of about 6.0% during the forecast period from 2025 to 2034.
Key Competitors: LOGIQ E10, Voluson E10, Vivid E95, EPIQ Elite, Affiniti, Lumify, ACUSON Sequoia, ACUSON Juniper, ACUSON Redwood, Aplio i-series, Xario, Viamo, Resona, DC-series, TE-series, RS85, HS70, HS60, Arietta, Lisendo, Noblus, MyLab, MyLabOne, MyLabSigma, SII, PX, Edge II, Butterfly iQ, C3 HD3, L7 HD3, PA HD3
https://exactitudeconsultancy.com/reports/67008/ultrasound-systems-market
X-Ray Equipment
The global X-ray equipment market is projected to reach a value of approximately $11.5 billion in 2024, driven by advancements in imaging technologies and a growing prevalence of chronic diseases requiring diagnostic imaging. The market is expected to exhibit robust growth over the forecast period from 2025 to 2034, with a projected market value of about $18 billion by 2034, indicating a Compound Annual Growth Rate (CAGR) of 5.1%.
Key Competitors: DRX-Evolution Plus, DRX-Compass, DRX-Mobile Retrofit, Fluoroscan InSight FD, DirectRay DR, Selenia Dimensions, DigitalDiagnost C90, MobileDiagnost wDR, SmartDiagnost, Definium 8000, AMX-4+, Brivo XR515, Ysio Max, Multitom Rax, Mobilett Elara Max, CXDI Control Software NE, RADREX-i, RADspeed Pro, MobileDaRt Evolution MX8, FlexaVision FX-1, FDR D-EVO II, FDR Go, FDR nano, AeroDR, RegaMax, Xpress
https://exactitudeconsultancy.com/reports/67009/x-ray-equipment-market
Mammography …