The TamesisGlobally, the market is expected to rise to 7.3% in 2026.
According to the BMI report, the Asia-Pacific region is expected to become the fastest growing medical device market in 2026, with growth expected to be 9.3% from 2025 onwards.
The region’s growth is driven by rising healthcare spending, an aging population and continued modernization of healthcare infrastructure.
Globally, the medical device market is expected to expand at a mid-single-digit rate through 2025, with growth expected to accelerate from 6.7% to 7.3% in 2026. This was supported by global GDP growth of 2.6%.
Key markets such as the United States, Germany, Mexico, Saudi Arabia and Egypt are expected to contribute to sales growth, driven by loose fiscal and monetary policies.
“A slight easing in U.S.-China trade tensions, coupled with U.S. trade agreements with the European Union, Switzerland, the United Kingdom, Japan, and South Korea, will help mitigate tariff-related risks and protect the global medical device market from increased supply chain disruptions in 2026,” the report said.
At the same time, cost control measures in developed markets such as Japan, Germany, France, Italy and Canada may limit growth.
However, demand for minimally invasive surgeries, AI-driven diagnostics and digital health solutions are expected to provide some offset.
