Despite uncertainties and pending decisions in the regulatory arena, technology and innovation show no signs of slowing down — particularly in the medical device industry. The future looks bright for medical devices as the industry is set to experience growth of 4.7 percent per year, reaching $642 billion by 2020. Digital device technology will continue to set the pace, which means device manufacturers should keep a close watch on the emerging trends and be ready to adapt to new ideas and methodologies. This will be especially true for software enabled products in disposables as well as reusable devices.
This white paper examines trends that will significantly impact the medical device industry this year and offers tips on how medical device companies can respond to the trends in order to maintain a strong presence in the industry.