Best of 2024: #1 Article – 2024 Forecast

Here's our #1 most read feature from 2024 - and no surprise it was the cover story of the Jan/Feb 2024 issue - the forecast issue that helps gauge what lies ahead in medtech manufacturing and designing.

Seriously, the medtech industry is always solid or growing: Demographics aren’t changing. Key drivers in the medical device manufacturing sector consist of the demand from adults aged 65 and older. OK Boomer! Additionally, you can add age-related disorders such as diabetes, neurology, hypertension, and osteoarthritis combined with chronic disease and toss in the rising costs of healthcare. Altogether that sets up the global medical devices market size, valued at $597.4 billion in 2023, to grow at a compound annual growth rate (CAGR) of 6.2% through 2032 to reach $ $1.025 trillion by 2032.

Keep an eye out for our Jan/Feb 2025 issue that will once again offer a look at the coming years in medtech.