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.