The medical devices market is experiencing steady annual growth of 3.63%. This growth is supported by a vibrant entrepreneurial ecosystem, with over 3,690 startups contributing to innovation in the sector.
Investors have shown strong interest, with over 39,600 funding rounds. The market employs over 5 million workers, with an increase of over 256,000 new jobs in the past year.
Intellectual property is important in this sector, with over 1.09 million patents filed. The United States leads in patents, followed by China.
The funding landscape is thriving, with an average investment value per funding round exceeding USD 21 million. Prominent investors include Boston Scientific, Medtronic, Teleflex, Abbott, and the European Investment Bank.
Surgical robotics is facing challenges, while the brain implant segment is thriving. 3D simulations are also growing rapidly.
Several innovative startups are making waves in the market, including REEM Healthcare, Advanced Medical Device Technologies, Roumai Medical, Darwin Biomed, and SURGYNIQUE.
The medical devices market is poised for continued growth and will play a crucial role in advancing healthcare.