Global medtech market reaches $137 billion with growth rate of 6% expected to continue over next few years
This article was originally published in Clinica
Executive Summary
Despite continuing healthcare cost-containment measures in many of the major markets and the economic crisis in Asia, the medical technology industry last year managed to sustain the growth rate of recent years. Worldwide sales reached $137 billion in 1997, up 6% on 1996, according to the US Health Industry Manufacturers Association.