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DYK: 2018 Medical Device Industry Trends

A variety of sources covering the medical device market agree on several fundamental trends in 2018.  First, rising consumer demand will help fuel the growth of the global device market, which is expected to reach $529.8 billion by 2022.*   Second, new tax laws and fewer regulations will likely give medical device companies more financial room to invest in research and development.  Third, healthcare information technology will play a big role in the medical device industry as companies move to capture data, manage iCloud computing, and navigate security issues.  What's clear about the future of the med device market is that as the industry continues to evolve it will also continue on a trajectory of phenomenal growth.

*"Top 10 Crucial Medical Device Trends for 2018." www.bizvibe.com.  Web.  January 16, 2018.  https://www.bizvibe.com/blog/top-10-medical-device-trends-2018/