Industry economics in the United States.
Demand for medical equipment in the United States (US) is projected to grow by 8% between 2001 and 2006, to reach 105 billion dollars. In 2001,the market was valued at 71.4 billion dollars, based on an annual growth of 7.5% between 1996 and 2001, according to The Freedonia Group. Product innovation and the growing ageing population is driving the industry, despite health-care cost containment measures. Medical and surgical instruments continue to be the largest sector, which is expected to grow to 30.5 billion dollars in 2006. However, electromedical/electrotherapeutic apparatus will remain the fastest growing sector, with annual gains of 10.8% predicted for this period.
D003132:Commerce / Q000191:economics / Q000639:trends; D003362:Cost-Benefit Analysis / Q000191:economics / Q000379:methods; D004209:Disposable Equipment / Q000191:economics* / Q000639:trends; D004864:Equipment and Supplies / Q000191:economics*; D019981:Health Care Sector / Q000639:trends; D007342:Insurance Benefits / Q000191:economics* / Q000639:trends; D013677:Medical Laboratory Science / Q000191:economics* / Q000639:trends; D014481:United States