Trending discussions in the medical device and life science industry
A report by Deloitte called 2015 Global life sciences outlook - Adapting in an era of transformation states that "Aging populations, chronic/lifestyle diseases, emerging-market expansion, and treatment and technology advances are expected to spur life sciences sector growth in 2015," and predicts continued growth in medical and life science markets based on the fact that an aging global population with lengthening life expectancies will generate increased demand for the analysis and treatment of age related diseases.
Another report, posted in Plastics Today, observed that medtech market growth will continue at a 4.4% compound annual growth rate through 2018 with a sales value of $384 billion worldwide next year.
Based on a MedTech World infographic, an article posted by MDDI Online in 2013 predicted that "By 2016 the medical device market is projected to reach $134 billion. A significant contribution to this will be the U.S. Orthopedic market, which is was estimated at roughly $15.5 billion in 2011, equal to 14.6% of the total market,"
Another survey points out that, in 2016, large companies will seek to acquire start-ups, cut costs and improve efficiency rather than investing resources into making incremental improvements on existing devices.
What are your thoughts on these predictions? What trends, concerns or rewards do you see on the horizon for your company - your industry? Share your thoughts in the comments below.
Presented By MD+DI
Infographic provided by UBM Canon / MedTech World