The global medical equipment market is projected to expand sharply over the next decade, according to a new industry outlook. The report estimates the sector will grow from USD 791.33 billion in 2025 to USD 1,907.83 billion by 2035, pointing to sustained demand for devices and systems used across hospitals, clinics, and other care settings.
In the United States, the market is expected to rise from USD 268.71 billion in 2025 to USD 563.74 billion by 2035. Europe is also forecast to post major gains, increasing from USD 224.73 billion to USD 526.35 billion over the same period. These figures highlight the scale of investment expected in established healthcare systems as providers upgrade equipment and expand capacity.
A key factor behind the projected growth is the modernization of healthcare infrastructure. The outlook also points to increasing adoption of advanced technologies, including AI-enabled diagnostics, as medical providers look for tools that can improve efficiency, support clinical decision-making, and strengthen patient care.
The forecast suggests that medical equipment will remain a major area of healthcare spending through 2035. With the U.S. and Europe both showing strong expansion, the market appears set to benefit from ongoing technology integration and broader efforts to modernize care delivery.
