Report: Medical Instrument and Supply Manufacturing Industry Continues to Grow

IbisWorld, a business industry research firm, projects the medical instrument and supply manufacturing industry will continue to grow at a steady pace for the next five years.

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The current $91.7 billion industry is projected to increase revenue by 2.4 percent in 2013 and keep climbing at a rate of 1.5 percent until 2018.

The report attributes this market growth in medical supplies to the aging population, an increase in diabetes and obesity necessitating certain medical devices, and increased spending in general as a result of increased access to healthcare.

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