Coral HealthCare Products Manufacturer.CO&Ltd. Welcome to!
Hot keywords:Toothbrush, dental floss, teeth brush, mouth sheath set

Company News

This medical device market observation...

2016/11/18 11:09:40 Number of clicks:

The combined annual growth rate of the World Medical Device Industry (CAGR) will reach 5% in 2013-2020 and the market scale to $514 billion by 2020. 2014 was the most exciting one years of the global medical device industry, and the amount of mergers and acquisitions completed in the first half of 2014 Rose 363% from a year earlier.

US FDA approves pre-IPO rebound

The regulatory situation is also taking a major shift. After 2013 years of disappointing first-time approval (Pmas), the FDA became more open in 2014 and approved 20 for the first time by the end of August 2014, up 43% per cent from a year earlier. The FDA has also made a lot of efforts to expedite approvals, including streamlining the regulatory process and proposing expedited first-time approvals.

$ billions of IPO

While the ultimate goal of some medical device companies in the early stages of development is still being acquired by big companies, maintaining independence and listing has become a market trend. In the first half of 2014, a total of $1.3 billion was raised in the field of medical device IPOs, up 44% from $900 million in the year to 2013. The global market for medical devices is changing rapidly, affected by mergers and acquisitions, and the market for heart products and orthopaedic products is almost unrecognizable. By 2020, the global medical device market will be over $500 billion trillion and in vitro diagnostics products will remain the first major area.

2020 global scale of medical device market

The global medical device market is expected to grow at a combined annual rate of 5% for 2013-2020 years, in-vitro diagnostics products (IVD) will remain the largest in the market, with sales reaching $71.6 billion trillion by 2020, accounting for 14% of the global medical device market, while the IVD market will grow by 6.1% per cent a year. The fastest growth will be in the neurology market, which will grow at a compound annual rate of 7.1%, up to $9.8 billion by 2020.

Global Medical Device Market vs global prescription drug market

Address:  8F.Foreign Trade Building,No.18 West Wenchang Road,Yangzhou,Jiangsu,China.  

Phone:  15852888926     
Contact:Mr Zhu
Technical Support:Jiangsu New Trade Qualcomm Enterprise Service Co., Ltd.