Healthcare News & Insights

Five Trends Transforming the Medical Device Industry in 2014

Because the term “medical device” covers a vast range of equipment, from simple tongue depressors to the most sophisticated life-supporting products, the medical device industry is constantly evolving.

Trends such as an aging world population, emerging markets, increased regulation, healthcare provider consolidation, and consumerization are radically transforming the industry as we know it. Device companies poised to take advantage of these trends are destined to become market leaders. Companies that are hindered in any way, perhaps by antiquated operational processes or technology, will find it difficult to adapt to the transformative nature of today’s global medical device market.

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