Global market
$21.2 BILLION in 2012
$26.26 BILLION in 2014
$40.8 BILLION by 2018
$50.37 BILLION by 2020
$62.6 BILLION by 2022
Spurring growth
Demand for quality healthcare
Rising geriatric population
Advancement inhealthcare technologies
Increasing demand for lower healthcare costs
Entry of new players
Growing product engineering complexity
Increasing number of entrant manufacturers
Reduction in cost & time-to-market
Largest application market
Class II medical devices
Outsourcing benefits
Sources: www.grandviewresearch.com; www.transparencymarketresearch.com
Explore the March 2016 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- Driving successful medtech innovation
- Last call for July’s medical manufacturing Lunch + Learn!
- Transform What’s Possible with the Okuma MULTUS U3000
- Okuma: Extraordinary Starts Where Limits End
- Are new medical procedures patentable?
- Caltech's smart capsule to study the health of the GI tract
- Unlocking stronger silicone adhesives for 3D printing
- Verisurf announces support for new Renishaw Equator-X
