United States Medical Technologies Market to Experience Rapid Growth Propelled by Rising Adoption of Wearable Devices

Published On : 27 Jul 2016

Against the much debated medical device tax, leading companies in the U.S. medical technologies market are focusing more on introducing new products and services that deliver faster, affordable, and efficient patient care. Since recent years, wearable technology has been transforming the medical technology in the United States. For instance, skin-worn patches are a new trend in the medical devices market, revolutionizing health monitoring and disease management. As per the report, the United States Medical Technologies market will undergo a major transformation due to the changing trends in wearable technology. 

The report, titled ‘United States Medical Technologies Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021,’ defines medical technologies and it sheds light on the industry chain structure. Applications, specifications, and classifications of medical technologies are highlighted in the report. The analysts state that the market will benefit from the introduction of new medical wearable devices and the advancements in medical infrastructure. The report studies the current scenario of the United States medical technologies market and predicts its future growth opportunities. 

As per the findings of the report, leading players operating in the U.S. medical technologies are making inroads with Food and Drug Administration authorities to re-engineer complex approval procedures for new devices. With this, many new medical technologies and healthcare devices are expected to be introduced in the U.S. market. Key companies are projected to focus on introducing new medical technologies including needle-free diabetic treatments, robotic check-ups, cancer therapies, and new ways to treat cardiovascular diseases. By extending their reach beyond the U.S., key companies are aiming to maintain their dominance in the years to come. 

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The entry of new companies is expected to offer support to leading companies in discovering new medical technologies and devices. Some of the key companies listed in the report are Johnson & Johnson, GE Healthcare, Medtronic Inc., Roche Diagnostics, and Siemens Healthcare Diagnostics Inc. For a detailed review, key companies are profiled with information such as company profile, product specification, product picture, product type, capacity, production, gross, revenue, price, and cost. 

By using the SWOT analysis tool, strengths, weaknesses, opportunities, and threats of leading companies are identified by the analysts. The research focuses on the key developmental trends applied by leading players to maintain their dominance. 

The research also examines diverts its focus on measuring the manufacturing cost by considering elements such as depreciation cost, bill of material, labor cost, and other costs. Various regions in the United States are considered to measure consumption value and consumption volume of medical technologies. Lastly, the feasibility of new projects is studied by the analysts in the report on the United States medical technologies market. As per the research, the United States medical technologies market is set for a rapid expansion by 2021 owing to the changing trends, the rising government funding towards new drug discoveries, and the growing adoption of wearable medical devices.

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