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With the New Year upon us, it’s a good time to speculate about the medical device market in 2014. As a director of business development, I always try to understand market prospects and ran across this article in Healthcare Finance News.
Topics: Medical Device Market, Healthcare Finance News, Standard & Poor's, 2014
We ran across this interesting article in MDDI on the market potential of China. Though the United States and Europe both greatly surpass China's healthcare, China is expected to catch up to Europe by 2020. A healthcare stimulus was implemented in China, which has lead to investment in the country’s healthcare infrastructure. China’s ultimate goal is universal healthcare for its citizens by 2020. Currently, healthcare spending is low in China, but it is expected to increase. Unfortunately, China has been struggling with rising labor and shipping costs. However, these circumstances have encouraged the medical technology industry to become more prominent and invest in R&D.
Topics: Medical Market Potential, China, Medical Device Market
The US market for medical devices has faced numerous obstacles and changes over the last several years. While some are easily resolved, many challenges facing our industry continue to linger. A recent article on Becker’s Orthopedic and Spine’s website featured an article which focuses on the pressing challenges currently facing the medical device industry.
Topics: Medical Device Tax, Top 3 Challenges, Medical Device Market