U.S. Medical Device Manufacturers Market: Who Leads, Who Is Rising, and Why
The U.S. medical device manufacturers market was valued at USD 256.2 billion in 2024. It is projected to reach USD 360.1 billion by 2030, a CAGR of 5.9% from 2025 to 2030, according to Grand View Research. Cardiology devices are the fastest-growing segment, a broad "others" group holds the largest share, and Stryker, Medtronic, and Abbott anchor the competitive field. Market Size and Growth Where the numbers stand Grand View Research puts the U.S. medical device manufacturers market at USD 256.2 billion in 2024 and USD 270.1 billion in 2025. Working from the report's own figures, that is a step-up of about USD 13.9 billion, or roughly 5.4%. The forecast then adds close to USD 90 billion between 2025 and 2030. The report describes the market's growth stage as high and accelerating, and the path from 5.4% to a 5.9% CAGR fits that description. What is pushing demand upward Four forces drive the U.S. medical device manufacturers market: a growing geriatric populatio...