Medical, Surgical Instrument Manufacturing to Reach $61B by 2017

The medical and surgical instrument manufacturing industry is expected to be valued at $61 billion by 2017, according to a Research and Markets report.

The market was valued at $39.7 billion at the end of 2012, with an estimated gross profit of 44.16 percent. The U.S. imported $10.2 billion worth of merchandise and exported $15.7 billion worth of merchandise, equaling a $34.3 billion domestic demand, according to the report.

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