Medical Device Sales Market Slowing Down but Still Expected to Hit Big
The medical device sales market is showing a slower pace of growth than expected. It was said that “The global market for medical devices was estimated to reach $361 billion dollars by year's end.” The market is now projected to hit $427 billion in 2018. The analysis was that this could have been due to the wealth of variety in the medical equipment industry, which leads to many competitors. While big companies are naturally getting the bigger slice of the pie, smaller ones are still successful, especially those with innovative products or services.