ReconSpine

8 key medtech industry trends in 2015

Written by  Laura Dyrda

Despite challenging times in healthcare, the medtech market growth is expected to continue at a 4.4 percent compound annual growth rate through 2018 with a sales value of $384 billion worldwide next year, according to a Plastics Today report.

Here are eight key trends discussed in the report:

1. Consolidation will still make big news — Last year Zimmer’s acquisition of Biomet and Medtronic’s acquisition of Covidien changed the landscape and in 2015 Stryker’s rumored attempts to acquire Smith & Nephew could come to fruition. However, future acquisitions may not be so big and companies acquiring start-ups will look for the ability to cut costs and improve efficiency instead of incremental improvements on existing devices.

2. Medical device tax could be gone for good — A new Republican majority in the House and Senate could eliminate the 2.3 percent excise tax on medical device companies with additional support from some leading Democrats.

READ THE REST AT BECKER’S

Tags

Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close