Medtech sales to REACH more than $529B by 2020

With an anticipated industry compound annual growth rate (CAGR) of 5.2%, research company Evaluate highlights medical predictions through 2022.

Medtronic to reach $39.9 billion estimated

In vitro diagnostics (IVD) to reach $70.8 billion in estimated sales

Roche to lead IVD segment at $12.8 billion estimated

Johnson & Johnson leads orthopedics with 24.1% market share

Neurology

fastest growing segment forecast CAGR of 7.6%

Fastest growing device areas

  • In vitro diagnostics (IVD)
  • Cardiology
  • Diagnostic imaging
  • Orthopedics
  • Ophthalmics
  • IGeneral & plastic surgery
  • Endoscopy
  • Drug delivery
  • Dental
  • Wound management

By 2020

$34 billion medtech R&D spending

Top R&D companies

  • Medtronic
  • Johnson & Johnson
  • Siemens
  • Roche
  • Philips
  • Abbott Laboratories
  • Boston Scientific
  • General Electric
  • Stryker
  • St. Jude Medical

Source: https://evaluateresearch.com/

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January February 2017
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