What Will Medtech Look like in 2020? 10 Key Trends
Friday, October 10, 2014
Source: Beckers Spine Review
The medtech market is expected to grow over the next six year as several external factors impact markets around the world, according to a report from EvaluateMedTech.
The report was released at the AdvaMed 2014 conference.
"2014 marks a year of rapid change for the global medical device market, particularly with the cardiology and orthopedic spaces, which have been dominated by mega-mergers," said the report author and EvaluateMedTech Product Manager Ian Strickland. "If the deal between Covidien and Medtronic goes through, we could see a new market leader. In an industry forecast to be worth more than half-a-trillion dollars in 2020, that is no insignificant achievement."