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.

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