The U.S. medical device manufacturers market size was estimated at USD 256.2 billion in 2024 and is projected to grow at a CAGR of 5.9% from 2025 to 2030. Market growth is supported by several key factors, including the rising geriatric population, increasing adoption of minimally invasive procedures, a higher incidence of sports and road accidents, and the expanding geographic reach of leading manufacturers.

The growing burden of chronic illnesses within the elderly population continues to boost demand for innovative medical technologies, while advancements in surgical techniques and device design are reinforcing adoption. According to a USA Today news article, fatal car crashes rose steadily from 36,835 in 2018 to an estimated 42,795 in 2022, further driving the demand for trauma and emergency care devices.

The U.S. medical device manufacturers market is further benefiting from geographic expansion strategies and divestiture from non-core businesses. Market players are increasingly leveraging acquisitions, partnerships, and collaborations to extend their reach into new territories, tap wider customer bases, and strengthen innovation capabilities.

A notable example includes Abbott’s acquisition of Cardiovascular Systems, Inc. (CSI) in February 2023, which represented a significant consolidation in the cardiovascular device segment. The acquisition, valued at approximately USD 890 million, enhanced Abbott’s portfolio and presence in the high-demand cardiovascular device industry. Such expansions and mergers are expected to continue shaping the competitive landscape in the coming years.

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Key Market Trends & Insights

1) The others segment led the U.S. medical device manufacturers market, accounting for 35.7% of the revenue in 2024. This category includes devices used in in-vitro diagnostics (IVD), medical imaging, dental care, ear-nose-and-throat (ENT) applications, wound care, and general surgical procedures. Demand for dental devices remains particularly strong due to the rising prevalence of tooth loss. According to Midwestern University Clinics, over 36 million U.S. citizens are currently edentulous, while an additional 120 million are missing at least one tooth. These statistics underscore the importance of dental technologies in enhancing patient outcomes and quality of life.

2) Within the others category, the ENT devices segment is also witnessing robust demand. The increasing need for advanced otolaryngology solutions is driving the adoption of technologies that provide improved diagnostic precision and therapeutic effectiveness. Innovations in imaging, surgical navigation, and minimally invasive ENT procedures are expected to create new growth avenues, reflecting the sector’s transition toward high-performance, patient-friendly solutions.