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.
More Articles on Medical Devices:
OrthAlign Receives 510(k) FDA Clearance for ORTHALIGN PLUS System
Pre-Owned Medical Device Market to Reach $5B by 2019
FDA Offers Guidance to Quicken Device Evaluation
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.