Medical device report shows market growth and opportunities
A new BCC Research report discusses the medical device technologies in terms of market share of major players, market growth and size, and opportunities for different devices and regions. It includes forecasts for market trends and revenue up to 2018. Patent analysis in the report focuses on technological trends in recent years in geographies such as the US, Europe, and Japan.
The report highlights major players, innovative products and technologies, trends and market dynamics, competitive intelligence, and geographic trends.
BCC Research estimates the global market for medical device technologies reached $411.8 billion in 2013 and this is expected to reach $538.7 billion in 2018, registering a compound annual growth (CAGR) of 5.5% over the next five years.
North America will grow from $187.6 billion in 2013 to nearly $225.4 billion by 2018 at a 3.7% CAGR for the period 2013-2018.
The Asian market is expected to reach $10.8 billion by 2018, increasing at a CAGR of 8.5% from 2013 to 2018.