Medical device market on track for mid-single digit growth

The sector is seeing mixed growth across categories.

The global medical device market is expected to grow by mid-single digits this year, continuing its year-on-year upward trend from 2024, according to a BMI report.

“As expected, there has been mixed growth across medical device categories, with low innovation products exposed to weakening macroeconomic conditions,” the report said.

Dental and orthopaedic categories are witnessing notable growth in key markets due to strategic healthcare investments, technological advancements, elevated procedure levels, and demographic shifts.

Orthopaedics is seeing substantial expansion in markets such as Ghana, Hong Kong, Ireland, and Italy, driven by demand for advanced medical procedures and ageing populations.

Meanwhile, dental sector growth is strong in parts of Europe, including the Czech Republic, Finland, France, and Spain.

“In Asian and African markets, growth is further supported by government initiatives to enhance healthcare infrastructure and improve access to medical services,” it added.