Forecasts for the medical device industry shown continued growth in 2019 but is also changing, reflecting the increasing demand for new, innovative devices and services (such as wearables, at-home monitoring, health data/analytics); pricing pressures from health insurers/hospitals; and changing regulations in the U.S. and abroad.
As these changes in the market continue to unfold, medical device manufacturers are watching their processes and profits closely in order to stay competitive.