News & Updates

DYK: Growth of Med Device Market Expected to Slow Over Next Five Years

The $390+ billion medical device market will experience growth in 2017, although not as much as was previously expected.  Instead of the healthy rate of 6.1% that was predicted for 2014-2017*, the growth of the medical device market is now projected to be a 2.8 percent average rate for the next five years.**  Slower but still steady.

* Sarah Collins. "A Must-Read Overview of the Medical Device Industry." Market Realist.  November 19, 2015. Web. <http://marketrealist.com/2015/11/must-read-overview-medical-device-industry/>

** Mackenzie Bean.  "10 Medical Device Trends for 2017."  Beckers Hospital Review.  January 5, 2017.  Web.  <http://www.beckershospitalreview.com/supply-chain/10-medical-device-trends-for-2017.html>