Key drivers for the surge in the global medical device market include demand for healthcare services in emerging nations, the need to reduce hospital stays and the aging work population, says Kalorama Information’s publisher Bruce Carlson.
The global medical device market was valued at approximately $290 billion in 2009, but Kalorama Information experts expect the market to grow roughly 4-6 percent over the next few years. Although market growth has been slow in preceding years due to the global recession, experts predict market revenue will grow as the economy recovers and the demand for improved healthcare services increases.
Read the news release about the global medical device market.
Read other coverage about medical devices:
– 49 Orthopedic and Spine Devices Receive FDA 510(k) Clearance in December
