The medical devices industry has marked significant growth since the pandemic due to mass vaccination rollouts, increased sales of medical devices related to COVID-19 prevention and management, and increased government support to strengthen the healthcare system.
Rapid capital investment and technological advancements like artificial intelligence (AI) and smart gadgets have positioned this industry for solid long-term growth. The medical devices market is expected to reach $964.90 billion by 2030, growing at a 7% CAGR.
