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>