Medical device market trends and the headwinds of change
from By Don Rosato
The term "medical device" can be applied to a wide range of products. The global market is in the $140 billion-plus range and is comprised of about 8,000 types of medical devices, ranging from simple bandages and spectacles to the most sophisticated diagnostic imaging and minimally invasive surgery equipment. More than half of the leading global medical device companies are based in the U.S., and the U.S. medical plastics market is expected to reach 4.4 billion pounds by 2015, growing at a compound annual growth rate of about 5 percent. So what is driving this continued growth?
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