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March 27, 2014
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Medical Equipment Industry Growth

“Research and Markets reports that according to a study, an increase in GDP, government support, and increase in per capita income is expected to drive the demand for medical equipment industry.”

“The global industry experienced good growth during the last five years and is expected to continue its growth momentum, reaching approximately $93.6 billion in 2017 with a CAGR of 4.1% over the next five years (2012-2017).”

“As per the study, new technological innovations are driving the demand of medical equipment industry such as introduction of new laser therapy to treat diseases with accuracy and portable equipment. Economic slowdown and huge R&D expenses are expected to pose challenges for the industry.”

“This study provides an overview of the global medical equipment industry.

According to the report, North America is expected to witness a considerable growth during forecast period due to improving economy from economic downswing, reimbursement policy, and healthcare spending.”

To read the entire Research and Markets news release, click here.