The Fastest Growing Procedure Segments in the US Medical Device Industry

As new and innovative technologies and surgical techniques continue to develop, the medical device industry and procedural landscape is continuously evolving. LSI’s research and analysis of the latest medical device industry trends and procedure volumes in the United States reveal outsized growth in Stereotactic Radiosurgery (SRS), Orthopedic, and Spine procedures. In this article, we dive into these growing segments and highlight new data from our proprietary Global Procedure Volumes Database.

Stereotactic Radiosurgery (SRS)

SRS, a non-surgical radiation therapy, is one of the fastest-growing segments in the USA. SRS procedures aim to treat functional abnormalities and small tumors of the brain. Recent advancements have led to the development of extracranial SRS procedures, which are seeing impressive growth — including Extracranial Spine Procedures and Extracranial Lung Procedures. According to our latest medtech market research, SRS procedure volumes in the USA are expected to grow at a Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2030.

Orthopedic Procedures

As a cornerstone market for medical devices companies in USA, orthopedic procedure volumes continue to grow as device innovation continues to reshape the technologies and techniques available to surgeons. The growth in this overall procedural segment is driven by growth in key procedures such as Elbow Arthroplasty, Total Knee Arthroplasties, and Revision Knee Arthroplasties. LSI’s latest medtech market research projects a CAGR of 3.3% in this segment from 2023 to 2030.

Spine Procedures

With a rising aging population and a heightened understanding of spinal health, spine procedures are seeing significant growth. Novel procedures like Insertions of Lumbar Interspinous Process Spacer, Lumbar Spine Fusions, and Cervical Spine Disc Replacements are increasingly common in clinical practice. LSI’s latest medtech market research projects the spine procedures segment to grow at a CAGR of 2.7% from 2023 to 2030.

On-demand Medtech Market Research

As the medical device industry and procedural landscape evolves, SRS, Orthopedic, and Spine procedures are leading the way in growth. Medical devices companies in the USA and globally are innovating to meet the increasing demand, and our proprietary research on medical device industry trends suggest that this growth is set to continue.

Full volume data for 200+ diagnostic and therapeutic surgical procedures in the USA and 36 additional countries across North America, Europe, Asia and Latin America are available in our proprietary Global Procedure Volumes Database. The database is regularly updated and expanded to ensure the most recent and relevant market changes are reflected.