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US Medical Devices 2009 OutlookThe Upside
As people in the US and Europe age the inherent demand for healthcare continues will continue to grow. In the US about 13,000 individuals are expected to turn 60 each day over the next 20 years.
Since most of healthcare in the US is linked to Medicare, it turns out that the funding for healthcare will be rather stable.
A major portion of the demand for healthcare doesn't fall under discretionary expenditure, so it won't be hit as hard.
Lower tech products that aren't affected much by state of the economy, such as surgical instruments, as syringes, catheters, sutures, blood products, etc will continue to be in demand.The Downside
Considering the overall demand for healthcare, employment and medical insurance will take a hit.
Since the credit markets are tight, hospitals are likely to regulate and shrink their operations, and spend less on hospital equipment and supplies.
Medical devices and medical instrument required for conducting elective cosmetic procedures may shrink in demand as people postpone such treatments.
As people in the US and Europe age the inherent demand for healthcare continues will continue to grow. In the US about 13,000 individuals are expected to turn 60 each day over the next 20 years.
Since most of healthcare in the US is linked to Medicare, it turns out that the funding for healthcare will be rather stable.
A major portion of the demand for healthcare doesn't fall under discretionary expenditure, so it won't be hit as hard.
Lower tech products that aren't affected much by state of the economy, such as surgical instruments, as syringes, catheters, sutures, blood products, etc will continue to be in demand.The Downside
Considering the overall demand for healthcare, employment and medical insurance will take a hit.
Since the credit markets are tight, hospitals are likely to regulate and shrink their operations, and spend less on hospital equipment and supplies.
Medical devices and medical instrument required for conducting elective cosmetic procedures may shrink in demand as people postpone such treatments.
In General
Several high technology medical devices e.g. pacemakers may experience a modest growth owing to the fact that these are often used on senior adults funded mostly by Medicare, which is a stable source.
Smaller companies unable to finance their growth will become takeover targets for larger medical device companies with a better cash position.The World Medical Device Market and Trends
The USA is the largest consumer of medical and dental instruments, equipment and supplies. The country's market was valued at nearly $80 billion in 2005. In addition the U.S. medical technology companies are leaders in the world's medical device production.
Over the past couple of years many countries have faced skyrocketing costs of health care just as the U.S., causing some of them to trim costs by cutting back on reimbursement rates, or by introducing price caps.
The competition within the medical device industry has risen and an increasing number of multinational companies are trying to make their mark in the global market. As a consequence, international sales, joint ventures, mergers and acquisitions are a commonplace. Further, in order to facilitate expansion, medical device companies are increasingly looking at developing economies as an opportunity to drive future growth.
Increasing expenditures on healthcare viz. hospitals, clinics, public health insurance, etc by governments around the world is driving the global demand for medical devices.As a result of so much activity happening within the industry and around the world, the medical devices industry has been transformed into a truly global industry.
Several high technology medical devices e.g. pacemakers may experience a modest growth owing to the fact that these are often used on senior adults funded mostly by Medicare, which is a stable source.
Smaller companies unable to finance their growth will become takeover targets for larger medical device companies with a better cash position.The World Medical Device Market and Trends
The USA is the largest consumer of medical and dental instruments, equipment and supplies. The country's market was valued at nearly $80 billion in 2005. In addition the U.S. medical technology companies are leaders in the world's medical device production.
Over the past couple of years many countries have faced skyrocketing costs of health care just as the U.S., causing some of them to trim costs by cutting back on reimbursement rates, or by introducing price caps.
The competition within the medical device industry has risen and an increasing number of multinational companies are trying to make their mark in the global market. As a consequence, international sales, joint ventures, mergers and acquisitions are a commonplace. Further, in order to facilitate expansion, medical device companies are increasingly looking at developing economies as an opportunity to drive future growth.
Increasing expenditures on healthcare viz. hospitals, clinics, public health insurance, etc by governments around the world is driving the global demand for medical devices.As a result of so much activity happening within the industry and around the world, the medical devices industry has been transformed into a truly global industry.
This posting is dedicated for those who are technology savy in the medical device industry & for those thinking of a career switch to this emerging industry. A good link http://www.medicaldeviceguru.com/ to share with interested readers.
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