Top Hi-Tech Medical Devices Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Hi-Tech Medical Devices Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Hi-Tech Medical Devices industry players.

Hi-Tech Medical Devices Market Competitive Landscape

Hi-tech medical devices market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Top Players in Hi-Tech Medical Devices Market

  • Medtronic plc (Ireland) 
  • Johnson & Johnson MedTech (USA) 
  • Siemens Healthineers (Germany) 
  • Stryker Corporation (USA) 
  • Royal Philips (Netherlands) 
  • GE HealthCare (USA) 
  • Abbott Laboratories (USA) 
  • Becton, Dickinson and Company (BD) (USA) 
  • Boston Scientific Corporation (USA) 
  • Baxter International Inc. (USA) 
  • Zimmer Biomet Holdings, Inc. (USA) 
  • Edwards Lifesciences Corporation (USA) 
  • Intuitive Surgical, Inc. (USA) 
  • Smith & Nephew plc (United Kingdom) 
  • Terumo Corporation (Japan) 
  • Fresenius Medical Care AG & Co. KGaA (Germany) 
  • Olympus Corporation (Japan) 
  • Hologic, Inc. (USA) 
  • Dentsply Sirona Inc. (USA) 
  • ResMed Inc. (USA)

Hi-Tech Medical Devices Market

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Global Hi-Tech Medical Devices Market size was valued at USD 113.7 billion in 2023 and is poised to grow from USD 148.26 billion in 2024 to USD 1239.53 billion by 2032, growing at a CAGR of 30.4% during the forecast period (2025-2032).

Hi-tech medical devices market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Medtronic plc (Ireland) ', 'Johnson & Johnson MedTech (USA) ', 'Siemens Healthineers (Germany) ', 'Stryker Corporation (USA) ', 'Royal Philips (Netherlands) ', 'GE HealthCare (USA) ', 'Abbott Laboratories (USA) ', 'Becton, Dickinson and Company (BD) (USA) ', 'Boston Scientific Corporation (USA) ', 'Baxter International Inc. (USA) ', 'Zimmer Biomet Holdings, Inc. (USA) ', 'Edwards Lifesciences Corporation (USA) ', 'Intuitive Surgical, Inc. (USA) ', 'Smith & Nephew plc (United Kingdom) ', 'Terumo Corporation (Japan) ', 'Fresenius Medical Care AG & Co. KGaA (Germany) ', 'Olympus Corporation (Japan) ', 'Hologic, Inc. (USA) ', 'Dentsply Sirona Inc. (USA) ', 'ResMed Inc. (USA)'

Many components of high-tech medical devices have been upgraded to provide high-performance features. For example, each new smartphone version has more features, longer battery life and more convenience. Additionally, the Internet of Things, 5G technology, and growing demand for self-monitoring are having a major impact on the market for high-tech wearables. Combined with the high prevalence of chronic diseases such as diabetes and obesity, consumers are turning to high-tech medical devices to monitor blood sugar levels and other factors that can exacerbate pre-existing conditions. In addition, health care providers can use high-tech wearables to transmit recorded information, thus improving patient care during ongoing treatments. The high-tech medical device market is expected to grow in emerging markets due to the increasing use of personal electronic devices and medical wearable devices.

The growing demand for hi-tech medical equipment is driven by the demand for better healthcare facilities and the rising prevalence of chronic diseases. Furthermore, rising efforts in emerging countries for technologically improved medical equipment are likely to positively impact the growth of the hi-tech medical devices market. The latest technologies, such as the Internet of Things (IoT) and software, heavy Hi-tech equipment, and the expansion of hazardous infectious diseases, are now driving market growth. Fitbit is one of the most well-known and well-known companies when it comes to wearables, and this fitness band is no exception. In terms of smart sensors, data, and functionality, the Charge 4 competes with Xiaomi and Samsung.

North America dominates the market due to the presence of several multinational companies, increase in awareness among people, and easy accessibility of supportive infrastructure like hi-speed internet connection. The US holds the major share in terms of revenue in the North America medical devices market in 2021. Numerous multinational corporations offer employee healthcare plans that anticipate the position in the market.

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