What Is Driving the Growth of the Medical Devices Market? The medical devices market is one of the most dynamic and rapidly evolving sectors within the global healthcare industry. Valued at USD 562.60 billion in 2024, the market is anticipated to grow at a CAGR of 6.20% from 2025 to 2034, reaching USD 1026.70 billion by 2034. The growth is primarily fueled by the increasing prevalence of chronic diseases, an aging global population, and rapid...
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