Medtronic to benefit from rosy forecast for the medical equipment market

William Doss | | Radiology Business | Economics

In spite of consolidation and the uncertainty of a rapidly evolving healthcare market, the market for medical devices and equipment is expected to grow at least 5 percent annually until 2022, according to the market research firm Evaluate. The report was presented at the AdvaMed 2016 medical device conference, held mid-October in Minneapolis.

The market experienced stagnation overt the past two years, leading to a 2015 that was full of mergers and acquisitions, including Medtronic's purchase of Covidien that formed a sales behemoth, claiming the top spot in the U.S. with $29 billion in annual sales.

Read more about the forecast for the medical eqiupment market by following the link below.

Medical Technology Sales To Hit $500B Within Five Years

William Doss

As a Senior Writer for TriMed Media Group, Will covers radiology practice improvement, policy, and finance. He lives in Chicago and holds a bachelor’s degree in Life Science Communication and Global Health from the University of Wisconsin-Madison. He previously worked as a media specialist for the UW School of Medicine and Public Health. Outside of work you might see him at one of the many live music venues in Chicago or walking his dog Holly around Lakeview.

Related Content

Radiology group cancels hospital-based business to focus on outpatient center growth
RadNet has spent over $54M on acquisitions so far in 2024
Radiology provider Akumin breaks long radio silence after emerging from bankruptcy
Doc offices more than double use of nonphysicians for interpreting medical images
Radiology vendor Agfa to cut nearly $53M in costs as medical film business dwindles
Renewed optimism that radiologist-supported bill to ease prior authorization could pass by year’s end

Around the web

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.

Cardiovascular Business
GE HealthCare moves PET/CT scanner production to United States

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.

Design by Adaptive Theme
Trimed Popup
Trimed Popup