The medical device market is well on its way to surpassing $500 billion in sales by 2021, Forbes reports.
Here's what you should know.
1. Evaluate analyzed the market and predicts it will overcome an economic slowdown in China and the "challenges in the European Union."
2. The firm believes the market will grow by 5 percent annually reaching $530 billion by 2022.
3. The resurgence of acquiring small device makers is breathing life into the product cycle, Ian Strickland, a product manager with EvaluateMedTech said.
4. Despite a cooling merger and acquisition cycle, and large device makers seeing stagnant or declining profits, Mr. Strickland does not believe that will slow the growth in the device sector.
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