Opportunities for Medical Equipment Manufacturers
Medical devices are used for surgical procedures, home health care, clinical settings or in the clinician’s office.
The Medi-Vantage team has helped medical equipment manufacturers develop market-leading instruments, hospital information systems, apparatus, implants, diagnostics and healthcare IT to diagnose, prevent or treat a disease within the body.
A recent report forecasts the global medical devices market to grow to $398 billion by 2017, with revenue showing strong growth to 2023. Cardiac and respiratory diseases significantly affect people greater than 65 y.o and this segment of the population is expected to increase to greater than 1 billion by 2020, driving device sales for medical equipment manufacturers. The expansion of the middle class in emerging global economies will additionally result in a larger proportion of the global population being able to afford procedures that were previously unavailable due to expense and access. This will bring more hospital information systems and opportunities for medical equipment manufacturers.
In 2012, the top twelve companies in the medtech industry controlled 46% of the worldwide medical technology market. New players in hospital information systems are emerging from companies like Google, Samsung and Apple. Expect development of personalized treatments, especially in the area of oncology, to drive an expansion for medical equipment manufacturers.
Medi-Vantage medical technology expertise includes:
- Capital Equipment
- Single Use Products
- Patient Products
How Can We Help You?
The Medi-Vantage team is here to drive growth and profitability for your company.