September 12, 2011 11:18 ET

Medical Device, Technology & Equipment Market to Reach $348 Billion by 2016

ROCKVILLE, MD--(Marketwire - Sep 12, 2011) - has announced the addition of the new report "World Medical Market Forecasts to 2016" to their collection of In Vitro Diagnostics market reports. For more information, visit:

The global medical device, technology and equipment market is forecast to be worth over US$348.6 billion by 2016 -- but where are the opportunities?

The global market for medical equipment and supplies as defined in this report is valued at US$273.3 billion in 2011, equal to just over US$49 per capita. Several years of rapid growth came to a halt amid the economic downturn towards the end of 2008 and into 2009. Almost all countries experienced a slowdown in the market in 2009, and many, especially the USA and in Europe, experienced significant falls. Recovery has generally been swift, however, with most major markets registering strong import growth in 2010.

The CAGR for the 2006-2010 period is 5.3%, although this masks the major reduction in growth which has occurred in 2009 and 2010. Many markets which experienced very rapid growth in the years prior to 2009 have experienced a fall due to reduced spending, exchange rate movements or a combination of both.

Use this new report to easily answer questions such as:

  • Which Asian countries offer the best opportunities in terms of market growth and in which sectors?
  • Which European medical sector is forecast to grow to US$19.8 billion in 2016?
    What are the prospects for syringes, needles and catheters in Vietnam, Malaysia and Thailand?
  • What growth can be expected from the medical technology markets of Central European economies?
  • Which medical technology sector will have the highest CAGR 2011-2016?
  • How did the Russian orthopedic sector perform in 2010, and what is its estimated value in 2013 & 2016?

For more information, visit:

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