Medical Technologies

The overall market for medical devices has seen a significant growth in the run up to the 2009 crisis.

This growth has slowed since then, yet, most of the growth in high-tech segments of the industry such as neuromodulators, cardiac rhythm management (CRM) or Implantable Cardioverter-Defibrillators (ICD) has performed well above other segments.
Constant innovation is the leading source of differentiation and expansion into emerging markets is the main source of growth.

The market distribution is biased towards nations with higher GDP per capita, with the U.S., Japan, Germany, France, and Italy accounting for 13.1% of global population and 76% of global medical device use.

On the other hand, the five most populous countries (China, India, Indonesia, Brazil and Pakistan) account for nearly half of the global population but only 4.4% of global medical device use.

The US industry accounts for over 40% of the world’s total output, however, that share is decreasing with the surge of European and Japanese companies.

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We have supported medical device companies in preparing for a steep increase in regulatory certification requirements for medical software.

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