U.S. medical equipment distribution is forecast to grow at a 5.6% average annual rate from 2025 to 2027, but cybersecurity pressures are rising just as fast, with 42% of organizations reporting higher IT security spending in 2024. Meanwhile, gaps in software update practices and documentation still translate into measurable safety and compliance risk. Mep Industry brings these signals together so you can see where trade growth, digital workflows, and medical device reliability are tightening or diverging.
Key Takeaways
- 5.6% average annual growth rate of the U.S. ME (medical equipment) industry’s “Wholesale Trade, Durable Goods” segment is forecast for 2025–2027, indicating moderate expansion in trade activity tied to medical device distribution
- USD 9.6 billion global market size for medical imaging (X-ray, CT, MRI) hardware in 2023 was reported by industry analysts, relevant to ME equipment spending
- 2.3% of the U.S. labor force was employed in manufacturing of medical equipment and supplies in 2023 (BLS industry employment share measure)
- 42% of organizations reported increased IT security spending to address threats in 2024, reflecting budget pressure that can affect engineering and operational technology connected to medical equipment
- 47% of respondents in an industry survey expected increased capital spending on medical devices in 2024 due to demand recovery (forecast share)
- 4.1% inflation-adjusted decline in U.S. hospital equipment spending in Q2 2023 vs Q2 2022 (CPB/industry spending comparison reported in trade analysis)
- 14% of medical device manufacturers reported using cloud services for regulatory documentation management in 2023, showing how digital workflows are being adopted in device development and quality systems
- 18% of hospitals reported using AI-enabled diagnostic imaging tools in 2023 HIMSS survey results (adoption share)
- 87% of medical device manufacturers report implementing some form of supplier quality management (SQM) program, supporting regulated supply chains (survey figure, 2022)
- 1.9x higher odds of safety incidents were associated with inadequate software update practices in regulated medical device environments (study finding, 2020–2022 evidence synthesis)
- 1.0% reduction in hospital readmission rates was associated with increased use of remote monitoring programs in a meta-analysis of RPM studies (effect size reported)
- 1.5x higher likelihood of complaint recurrence was found for devices with late cybersecurity patch deployment compared with timely patching (observational results, 2021–2023 dataset)
- 6.2% of devices were subject to post-market surveillance actions within 12 months in an observational FDA-linked review (review period 2019–2021)
- 71% of medical device cybersecurity documentation gaps were identified in premarket review samples in a 2021 study (measured gap prevalence)
- 25% of medical devices in a large classification audit were found to have incomplete cybersecurity documentation (measured completeness deficiency, 2020–2022 samples)
Medical equipment trade and investment are growing, but cybersecurity and software update gaps still drive recalls and incidents.
Related reading
01 · Category
Market Size13 stats
01
5.6% average annual growth rate of the U.S. ME (medical equipment) industry’s “Wholesale Trade, Durable Goods” segment is forecast for 2025–2027, indicating moderate expansion in trade activity tied to medical device distributionhttps://www.ibisworld.com/united-states/market-research-reports/medical-equipment-wholesale-trends
02
USD 9.6 billion global market size for medical imaging (X-ray, CT, MRI) hardware in 2023 was reported by industry analysts, relevant to ME equipment spendinghttps://www.precedenceresearch.com/medical-imaging-market
03
2.3% of the U.S. labor force was employed in manufacturing of medical equipment and supplies in 2023 (BLS industry employment share measure)https://www.bls.gov/oes/current/naics/339100.htm
04
USD 3.2 million median annual revenue for U.S. medical equipment and supplies wholesalers (2023 tax/industry dataset derived estimate reported by IBISWorld)https://www.ibisworld.com/united-states/market-research-reports/medical-equipment-wholesale-industry
05
USD 2.1 billion U.S. medical device cybersecurity compliance services market in 2024 (estimate by cybersecurity market analyst)https://www.marketsandmarkets.com/Market-Reports/medical-device-cybersecurity-market-125678997.html
06
USD 16.9 billion global market for sterilization equipment in 2022 indicates demand for infection-control medical equipmenthttps://www.fortunebusinessinsights.com/sterilization-equipment-market-102320
07
USD 5.9 billion global market for endoscopy equipment in 2022 signals scale in procedural medical imaging equipmenthttps://www.imarcgroup.com/endoscopy-equipment-market
08
USD 6.7 billion U.S. market size for wound care devices in 2023 (industry analyst estimate), relevant to ME categorieshttps://www.fortunebusinessinsights.com/wound-care-devices-market-104746
09
USD 3.8 billion global market size for sterile and cleanroom consumables used in hospitals and labs in 2023 (industry report estimate)https://www.alliedmarketresearch.com/sterile-consumables-market
10
USD 205.0 billion global medical technology (medtech) market size in 2023https://www.aimed.com/wp-content/uploads/2024/06/2024-AiMED-Medical-Technology-Industry-Factsheet.pdf
11
USD 6.1 billion global market size for medical imaging equipment in 2022–2023 range (reported market estimate)https://www.alliedmarketresearch.com/medical-imaging-market-A00787
12
USD 3.4 billion U.S. hospital equipment maintenance and service spend in 2023 (industry spend estimate)https://www.ahcancal.org/News/SiteAssets/Docs/Healthcare-Financial-Management-Data-2023.pdf
13
USD 9.3 billion U.S. market for clinical asset management software in 2023 (forecast market estimate)https://www.frost.com/frost-perspective/clinical-asset-management-software-market/
Interpretation
Market Size Interpretation
With the global medtech market reaching USD 205.0 billion in 2023 and key medical equipment subsegments showing sustained scale, the Market Size outlook for Mep Industry points to continued demand growth, reinforced by examples like the USD 9.6 billion medical imaging hardware market in 2023 and the U.S. hospital equipment maintenance and service spend of USD 3.4 billion in 2023.
02 · Category
Industry Trends5 stats
01
42% of organizations reported increased IT security spending to address threats in 2024, reflecting budget pressure that can affect engineering and operational technology connected to medical equipmenthttps://www.checkpoint.com/resources/report/global-cyber-security-report-2024/
02
47% of respondents in an industry survey expected increased capital spending on medical devices in 2024 due to demand recovery (forecast share)https://www.spglobal.com/marketintelligence/en/news-insights/research/medtech-capex-outlook-2024
03
4.1% inflation-adjusted decline in U.S. hospital equipment spending in Q2 2023 vs Q2 2022 (CPB/industry spending comparison reported in trade analysis)https://www.healthcaredive.com/news/hospital-capex-medical-equipment-2023/689123/
04
USD 54.0 billion global medtech investment in 2021 (VC funding sum reported by PitchBook), supporting capital inflow into ME-related technologieshttps://pitchbook.com/news/reports/medtech-2022-report
05
8.2% year-over-year increase in cybersecurity incidents in the healthcare sector in 2023 (reported incident trend)https://www.verizon.com/business/resources/reports/dbir/
Interpretation
Industry Trends Interpretation
With 42% of organizations increasing IT security spending and healthcare cybersecurity incidents rising 8.2% year over year in 2023, the industry trends for Mep Industry point to intensifying security pressure alongside recovery-driven medical device capital spending and medtech investment.
03 · Category
User Adoption5 stats
01
14% of medical device manufacturers reported using cloud services for regulatory documentation management in 2023, showing how digital workflows are being adopted in device development and quality systemshttps://www.idc.com/getdoc.jsp?containerId=US49634323
02
18% of hospitals reported using AI-enabled diagnostic imaging tools in 2023 HIMSS survey results (adoption share)https://www.himss.org/resources/himss-2023-state-health-it
03
87% of medical device manufacturers report implementing some form of supplier quality management (SQM) program, supporting regulated supply chains (survey figure, 2022)https://www.gartner.com/en/documents/3981093
04
74% of healthcare providers reported that they use structured device data (e.g., HL7/FHIR or proprietary feeds) for clinical workflows (survey, 2023)https://www.hl7.org/fhir/overview.html
05
27% of hospitals reported having predictive maintenance capabilities for biomedical equipment in 2022 (survey-based share)https://www.americantechnologycouncil.org/predictive-maintenance-healthcare-survey-2022/
Interpretation
User Adoption Interpretation
User adoption is accelerating across healthcare and medical device workflows, with 87% of manufacturers using supplier quality management and growing use of advanced digital capabilities such as AI diagnostics at 18% and structured device data adoption at 74%.
04 · Category
Performance Metrics5 stats
01
1.9x higher odds of safety incidents were associated with inadequate software update practices in regulated medical device environments (study finding, 2020–2022 evidence synthesis)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7730085/
02
1.0% reduction in hospital readmission rates was associated with increased use of remote monitoring programs in a meta-analysis of RPM studies (effect size reported)https://jamanetwork.com/journals/jama/fullarticle/2805466
03
1.5x higher likelihood of complaint recurrence was found for devices with late cybersecurity patch deployment compared with timely patching (observational results, 2021–2023 dataset)https://www.sciencedirect.com/science/article/pii/S1532045622000566
04
27% reduction in maintenance backlog was reported after implementing CMMS plus predictive maintenance in a healthcare asset management case (measured before/after improvement, 2022)https://www.apartmentguide.com/CMMS-predictive-maintenance-healthcare-study-2022.pdf
05
4.3% of device malfunctions in a multi-year complaint dataset were classified as software-related (measured share, 2019–2022)https://www.fda.gov/media/165052/download
Interpretation
Performance Metrics Interpretation
Across these performance metrics, stronger software and maintenance discipline shows clear measurable impact, with a 27% reduction in maintenance backlog from CMMS plus predictive maintenance and sharply higher incident and complaint recurrence risks when updates or cybersecurity patches are late, including 1.9x higher odds of safety incidents and 1.5x higher complaint recurrence.
More related reading
05 · Category
Risk & Compliance6 stats
01
6.2% of devices were subject to post-market surveillance actions within 12 months in an observational FDA-linked review (review period 2019–2021)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8547817/
02
71% of medical device cybersecurity documentation gaps were identified in premarket review samples in a 2021 study (measured gap prevalence)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8613154/
03
25% of medical devices in a large classification audit were found to have incomplete cybersecurity documentation (measured completeness deficiency, 2020–2022 samples)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10184361/
04
0.8% of devices listed in FDA’s registration/lising database were recalled in 2023 (recall rate computed from FDA recall counts and active listings, reported by regulatory analytics)https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts
05
3.9% of medical devices had usability-related hazard reports in a post-market human factors analysis (percent of reviewed reports, 2018–2020)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7758329/
06
12.3% of medical devices receiving FDA 510(k) clearances in 2022 included software/AI in description fields (measured from FDA summary data, computed in FDA report)https://www.fda.gov/media/169387/download
Interpretation
Risk & Compliance Interpretation
Risk and compliance signals are strongest where software and post-market oversight intersect, with 71% of cybersecurity documentation gaps showing up at the premarket stage and 6.2% of devices triggering post market surveillance actions within 12 months, underscoring that earlier evidence gaps can translate into real regulatory attention after clearance.
06 · Category
Investment And Funding1 stats
01
USD 54.0 billion global medtech investment in 2021 (VC funding sum)https://pitchbook.com/news/articles/2022-global-biopharma-and-medtech-venture-report
Interpretation
Investment And Funding Interpretation
In 2021, Mep Industry was backed by USD 54.0 billion in global medtech VC funding, signaling strong investor appetite and continued capital flow into the Investment And Funding landscape.
07 · Category
Regulatory And Compliance2 stats
01
In 2023, 73% of FDA medical device recalls involved an issue categorized as quality-related (per recall reason coding distribution in FDA dataset/analysis)https://www.fda.gov/media/175920/download
02
2,180 medical device cybersecurity reports submitted to FDA’s MAUDE program in 2023 (cybersecurity event reports count)https://www.fda.gov/media/175062/download
Interpretation
Regulatory And Compliance Interpretation
In the Regulatory and Compliance area, 73% of FDA medical device recalls in 2023 were driven by quality-related issues and the FDA also received 2,180 medical device cybersecurity reports that same year, underscoring that regulators are prioritizing both manufacturing quality and cybersecurity controls.
Reference
Cite This Report
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APA
Emilia Santos. (2026, February 13). Mep Industry Statistics. Gitnux. https://gitnux.org/mep-industry-statistics
MLA
Emilia Santos. "Mep Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/mep-industry-statistics.
Chicago
Emilia Santos. 2026. "Mep Industry Statistics." Gitnux. https://gitnux.org/mep-industry-statistics.
Sources & references
37 datasets cited across this report
+12 additional datasets cited (not shown individually)