MDT · News · 20261021N

Medical Devices Market Growth

Medtronic plc · 2026-10-21 · Importance 37 · Surprise 56

A ResearchAndMarkets report projects the global medical devices market will increase from $580.79 billion in 2026 to $817.78 billion by 2031. The forecast implies a 7.1% compound annual growth rate, supported by chronic-disease prevalence and population aging. Growth is expected across diagnostic, cardiovascular, orthopedic, ophthalmic, and other device categories, although lengthy approvals and staff shortages remain constraints.

Key facts

• The global medical devices market is projected to grow from USD 580.79 billion in 2026 to USD 817.78 billion by 2031, registering a CAGR of 7.1%, and Medtronic is among 25 companies profiled in the report. source
• Medtronic's 3-year total shareholder return was 45.08% as reported on October 21, 2026. source
• Medtronic's 90-day share price return was 15.56% as reported on October 21, 2026. source
• Medtronic's year to date share price decline was 1.48% as reported on October 21, 2026. source
• Medtronic stock (IE00BTN1Y115) was trading at EUR 84.36 on October 21, 2026, which was 7.04 percent below its 52-week high. source