Competitive Medical Device Market to Reach Close to $8 Billion

Increased healthcare spending, longer life expectancy and emerging economies are factors driving demand for medical devices, according to the BCC Research report, Medical Devices: Technologies and Global Markets.
Adding to the growth of the market is the shift from fee-based to value-based care, where price and purchase decisions are based on health outcomes. This shift has forced medical device manufacturers to launch advanced devices that include new materials, focus on in-depth indications and produce additional new data. To stay competitive, manufacturers will also need to answer the industry’s call for medical devices that can be used by individuals without healthcare experience.
Report Highlights
Read the full report here:
Source: BCC Research