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22nd - 23rd September 2009, San Jose, California Over the past 25 years the medical devices industry has experienced phenomenal growth - 8%+ aggregate growth in value of shipment. The North American medical device industry has and is undergoing radical change in direct response to the factors that affect it. The trends that will affect the device industry the most in the next 5-10 years are cost containment, consolidation, demographics, the regulatory environment, and global financial instability. The elderly will influence the direction of the industry through their particular health needs. The next 10 years look very positive for the industry as it takes advantage of an aging population, shifts to home healthcare and alternative sites, and more efficient manufacturing and distribution regime. Surgical, Medical Appliances and supplies, Dental Equipment, X-Ray Apparatus and tubes, Electro medical Equipment and Vitro Diagnostic substances will all come under increased regulatory constraints, requiring manufacturers to modernize their facilities to meet regulatory requirements in order to mitigate risk and insure maximum device effectiveness. |
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