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Market Opportunity: +$300B Medical Technologies Marketplace
According to their May 2013 report, Analysis of Global Electronics Manufacturing Services Market Opportunities in the Medical Industry, Frost & Sullivan's states, increasing electronic content in Medical Devices spurs growth. The medical electronics manufacturing services (EMS) market is benefitting from an increase in original equipment manufacturer (OEM) outsourcing. Increases in electronic content, costs, wireless connectivity, and convergence have encouraged OEMs to view EMS providers as strategic partners. BCC Research [January 2012] reports the global point-of-care (POC) diagnostics market is expected to grow to $16.5B in 2016. They also report [June 2011] the global market for Minimally Invasive Medical Devices and Instruments was expected to reach $21.1B by 2016. As well as reporting [February 2012] the global catheter market is projected to reach $32.1B by 2016. Aarkstore Enterprise reports [February 2012] the Global Life Science and Chemical Instrumentation Market (Spectroscopy, Chromatography, DNA Sequencer & Amplifier, Lab Automation & Others) is expected to reach $45.2B in 2016. Taiyou Research states [September 2011], the US Drug Delivery Systems Market to grow to +$135B by 2015. Freedonia Group's report [April 2012] states by 2016, US demand for disposable medical supplies is forecast to increase to $46.7B. The Global Advanced Wound Care Market is estimated to reach $14.6B by 2021, says a November 2011 Visiongain report. |
