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The U.S. Medical Device Market At a Glance

The U.S. Medical Device Market At a Glance
The U.S. medical device market will grow albeit at a slower pace due to reimbursement challenges.

The U.S. medical device market has to withstand many headwinds, including reimbursement challenges, yet the industry still is the largest market globally.

This one chart demonstrates how the domestic medical device market is growing and will continue to through 2018, albeit at a slower rate than in the past. In 2013 the U.S. medical device market was worth $158 billion and is projected to grow to $185 billion in 2018, according to Kalorama, a medical market research firm.

US medical device market, U.S. medical device industry

Here's how other countries stacked up in terms of revenue in 2013 according to Kalorama:

Japan - $36 billion

Germany - $23 billion

China - $17 billion

France - $16 billion

Italy - $14 billion

United Kingdom - $13 billion

Brazil - $8 billion

Australia - $7 billion

[Image Credit: user abluecup

-- By Arundhati Parmar, Senior Editor, MD+DI
[email protected]

TAGS: News
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